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Thundelarra Ltd.
Summary
| Project: | Garden Gully | |
|---|---|---|
| Deposit: | Crown Prince | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Zinc-Arsenic | |
| Date: | 12/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2017: Thundelarra Ltd. announces an Exploration/Drilling Update report for its Crown Prince deposit at the Garden Gully project. Drilling results incl. 8m @ 22.3g/t Au from 259.2m. Thundelarra is pleased to announce that drilling results from the Ba | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Costica Vieru (Internal) | |
| ABSTRACT: | Thundelarra is pleased to announce that drilling results from the Battery Prospect continue to show the Battery trend’s potential to host significant additional mineralisation to complement the gold mineralisation already identified at the neighbouring Lydia Prospect. The diamond hole drilled across the inferred trend to investigate the rock types and structural controls confirmed the presence of gold-mineralised porphyry at depth. The possibility that this mineralisation extends northwards into the Crown and Crown Prince prospects, where similar rocks have also been observed in earlier exploration, enhances the prospectivity of the project area. Each new phase of exploration results at Garden Gully is adding to the real possibility that the project can develop into a significant new gold discovery. Garden Gully continues to grow into a very promising project for Thundelarra and if the current interpretation continues to be proven, the balance of 2017 offers exciting prospects from a consistent flow of news. The rock types and associations observed at Battery and Crown and reported at Crown Prince – porphyry intrusives within a package of mafic schists, high magnesium basalts and black shales - continue to exhibit close similarities to the geology reported by Gascoyne Resources Ltd (ASX.GCY) on its Gilbeys and Gilbeys South mineralisation at Dalgaranga, where a resource of 1.31 million ounces includes proven and probable reserves of 581,000 ounces (ASX.CGY: 21 June 2017). | |
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