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Thunderstruck Resources Ltd.
Summary
| Project: | Korokayiu | |
|---|---|---|
| Deposit: | Korokayiu | |
| Location: | Fiji | |
| Commodities: | Zinc-Copper-Silver-Gold | |
| Date: | 12/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-12-2019: Thunderstruck Resources Ltd. announces an Exploration/Drilling Update report for its Korokayiu deposit at the Korokayiu project. Drilling results incl. 10.55m @ 9.51% Zn, 1.87% Cu, 54.5g/t Ag, 0.48g/t Au from 57.05m. Vancouver, British Columbi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kristopher J. Raffle (Apex Geoscience Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - December 11, 2019) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company") is pleased to report that the first two drill holes on its Korokayiu Joint Venture (JV) zinc-copper volcanogenic massive sulphide (VMS) prospect confirm historic results reported by Anglo American over 40 years ago which outlined a significant zinc-copper-silver-gold VMS system. Assays are pending for another 5 holes. Based on these positive results, the joint venture partner JOGMEC is presently working with Thunderstruck on details of an aggressive 2020 drill program. Drill hole WLK14B intersected 14.5% Zinc (Zn), 2.35% Copper (Cu), 111 grams-per-tonne Silver (g/t Ag), and 0.66 g/t Gold (Au) over a drill core interval of 6.31 metres 1 ; within a broader zone of mineralization returning 9.5% Zn, 1.87% Cu, 55 g/t Ag, and 0.48 g/t Au over a 10.55-metre core interval (Table 1 and Figure 1). WLK14B (-60 o dip / 334 o azimuth) was drilled beneath the Korokayiu VMS DiscoveryOutcrop to verify historical drill intercepts reported by Anglo American. The mineralization is hosted by intensely altered fragmental volcanoclastic dacite hosting massive sphalerite-chalcopyrite-pyrite mineralization. Drill hole WLK14Awas designed to test the depth extent of high-grade massive sulphide mineralization intersected in WLK14B 40 metres down dip on section. WLK14A(-90 o dip) intersected hanging wall basalt-andesite rocks directly overlying a shear and faulted contact zone beneath which dacitic volcanoclastic rocks hosting disseminated chalcopyrite-pyrite mineralization assayed 2.0% Cu, 0.11% Zn, 60 g/t Ag, and 0.51 g/t Au over a drill core interval of 3.35 metres 1 , within a broader zone of mineralization assaying 1.2% Cu, 0.3% Zn, 28 g/t Ag, and 0.23 g/t Au over 8.38 metres. | |
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