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Thundelarra Ltd.

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Summary

Project:

Garden Gully

Deposit:Granite Well, NW Granite Well
Location:Australia
Commodities:Gold-Copper-Zinc-Arsenic
Date:2/13/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:13-2-2017: Thundelarra Ltd. announces an Exploration/Drilling Update report for its Granite Well, NW Granite Well deposit at the Garden Gully project. Drilling results incl. 20m @ 1.12g/t Au, 604ppm Cu, 364ppm Zn from 40m. Thundelarra is pleased to announ
Resources:x
CP/QP:[Overall Report]: Costica Vieru (Internal)
ABSTRACT:Thundelarra is pleased to announce results of drilling at the Granite Well and NW Granite Well Prospects at Garden Gully. Downhole EM (DHEM) surveys have identified a strong, deep, potentially mineralised, off-hole conductor that represents a high priority target for follow-up drill testing. These results continue to expand the potential for discovery at the Garden Gully project. These new results continue to add to the prospectivity of the Garden Gully project package. Another new, deep, off-hole conductor was identified with a trend that has proven significance for gold mineralisation in the area. This new conductor will be tested in follow-up work programmes. We are still awaiting results from the remaining holes that tested the Sabbath and Ascuns prospects at Garden Gully. When results are received we will interpret them and advise the market accordingly. It is important to recognise that the results from the Garden Gully prospects assessed and reported to date are still only early stage exploration results. Thundelarra remains enthralled with the prospectivity that the area is showing. The Company will continue to carry out its exploration in a systematic and technically rigorous manner, consistent with the approach that has delivered such spectacular results for us so far. Garden Gully is shaping up as a very exciting project with many facets. We are focusing all our exploration efforts on this promising new discovery.

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