Perth, Oct 29, 2018 -
Thundelarra Limited (ASX:THX) (OTCMKTS:TLXPF) provides the Company's Fourth Quarter Activity & Cashflow Report.
HIGHLIGHTS
WESTERN AUSTRALIA
- Garden Gully Gold Project, Murchison Region (THX 100%)
o Reverse Circulation ("RC") drilling at Crown Prince with diamond tails
o 11 RC holes with 6 RC pre-collars for 2,560m advance
o 6 diamond tails for 1,153m advance
o Significant intersections from the programme (downhole widths):
3.25m at 18.5 gpt Au from 107m in TGGRCDD142
6.0m at 4.0 gpt Au from 37m in TGGRC151
11.0m at 4.9 gpt Au from 42m in TGGRC153
5.0m at 3.6 gpt Au from 24m in TGGRC162
o Previously announced intersections (downhole widths):
3.5m at 7.6 gpt Au from 109m in TGGRC086
2.6m at 7.5 gpt Au from 130m in TGGDD090
4.0m at 16.5 gpt Au from 166m in TGGRC103
3.8m at 3.5 gpt Au from 220m in TGGRCDD108
2.40m at 66.5 gpt Au from 263.4m; within
5.65m at 29.2 gpt Au from 260.8m; within
8.00m at 22.3 gpt Au from 259.2m in TGGRCDD110
Refer ASX announcements of 15-Nov-2017; 12-Dec-2017; 08-Feb-2018; 24-Jul-2018
CORPORATE
- Cash position at 30 September 2018: $1.5 million (excl equity investments)
- Current marked to market value of equity investments: $0.2 million
SUBSEQUENT EVENTS SINCE 30 SEPTEMBER
- Acquisition of Abbotts Project from Doray (ASX report of 17 October 2018)
o Abbotts project surrounds and abuts the Garden Gully project
o Acquisitions increases project from 78 km2 to approximately 530 km2
o Thundelarra to issue 11 million ordinary shares as consideration
- RC and deep diamond drilling underway at Red Bore
To view the full report, please visit:
http://abnnewswire.net/lnk/986C4G04
About Thundelarra Ltd
Thundelarra Ltd (ASX:THX) is primarily an Australian gold exploration company. Gold, either in stand-alone geological settings or in association with copper, is our principal target. Copper remains an important focus too. Our portfolio also boasts prospects with discovery potential for base metal (nickel, zinc, silver, lead), uranium and graphite mineralisation. We are active in Western Australia (WA) and the Northern Territory (NT).
Contact
Thundelarra Limited
Mr Tony Lofthouse, Chief Executive Officer
Telephone: +61-8-9389-6927
Email: info@thundelarra.com.au
Website: www.thundelarra.com
