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Thundelarra Ltd.

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Summary

Project:

Garden Gully

Deposit:Garden Gully
Location:Australia
Commodities:Gold
Date:7/29/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:29-7-2016: Thundelarra Ltd. announces an Exploration/Drilling Update report for its Garden Gully deposit at the Garden Gully project. Drilling results incl. 7m @ 24.5g/t Au from 11m. Thundelarra is pleased to announce that assays from hole TGGRC018, which
Resources:x
CP/QP:[Overall Report]: Costica Vieru (Internal)
ABSTRACT:Thundelarra is pleased to announce that assays from hole TGGRC018, which yielded drill chips containing visible gold, confirm high grade gold mineralisation. Given the high grade and nuggety nature of this mineralisation, Thundelarra personnel have resampled the relevant 1m intervals and submitted them for assay as well. The results will hopefully confirm the tenor of the mineralisation and thereby add confidence to the programme, Assays currently pending include analysis of a suite of multi-elements that will assist in the interpretation of the nature of this mineralisation, which historically has been viewed as standard shear-hosted mineralisation in Archaean greenstone belts. Upon completion of the programme and receipt of all relevant assay data, targets will be identified for deeper follow-up RC drilling. Exact drill collar locations and assay results from the holes drilled in the initial programme will be reported when all the relevant data has been received.

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