The claims overlay a 3.0 km x 1.2 km alteration footprint with significant quartz-sericite-pyrite (QSP), silicification and argillization of the meta-sediments and intrusive host rocks. Rock chip sampling revealed widespread gold (Au) and copper (Cu) anomalies with grades up to 7.46 g/t Au and 4.34% Cu (see Figure 3, 4 and 5). Sulfide minerals, however, have typically been leached from surface exposures. This target is interpreted to be the high-level exposure of an extensive Cu-Au porphyry system further defined by geophysical magnetic and electro-magnetic (EM) anomalies consistent with porphyry systems. Additionally, there are several outlying target zones also marked by magnetic, gravity and EM anomalies with similar characteristics to other oxide-gold and Cu-Au porphyry systems in the region.
The management of Thunderbird Minerals is thrilled to have the opportunity to advance the year-round
About Bull Mountain Resources
Bull Mountain Resources, whose principals are
Apache Project Highlights
The Apache Project is located at the intersection of major northwest and northeast trending fault systems that have likely concentrated magmatic activity in the area. These structures typically act as conduits for mineralized fluids. The property has strong potential to host economic low- and high-sulphidation gold systems and Cu-Au porphyry systems.- Two targets have been delineated on the property to date. The Apache target is a high-level porphyry target with multiple intrusive stocks with a strong gold-copper association. The Garlock target is an exposed porphyry copper stock with significant skarn alteration within host meta-sedimentary rocks. Over 500 rock chip samples have been collected on the property to help define specific target areas.
- Anomalous gold and copper assays in the Apache target vicinity occur within a 3.0 x 1.2 km area with grades up to 7.46 g/t Au and 4.63% Cu (Figure 3).
- Anomalous gold and copper assays in the Garlock target area extend over a 1.2 x 0.75 km area with grades up to 4.63 g/t Au and 7.82% Cu (Figures 6 and 7).
- Multiple drainages were tested by stream silt sampling. Of 45 drainages sampled, 28 returned values of 20 ppb Au or higher, and 8 returned values greater than 100 ppb Au with a high of 1,085 ppb Au (1.085 g/t Au). Not all anomalies have been followed-up by ground-based exploration.
- No verified historical drilling has been recorded; therefore, geochemical and geophysical anomalies remain untested.
Transaction Details
Under the terms of the mineral lease and option agreement, Thunderbird has the rights to the
US$28,000 upon signing of the agreement (the “Effective Date”).US$10,000 6-months after the Effective Date;US$10,000 12-months after the Effective Date;US$15,000 18-months after the Effective Date;US$15,000 24-months after the Effective Date;US$20,000 30-months after the Effective Date and every 6 months thereafter.
Thunderbird is also obligated to fulfill the following minimum work commitments (comprised of exploration, development or mining expenditures) on the
$50,000 in Year 1;$50,000 in Year 2;$50,000 in Year 3;$100,000 in Year 4 and every year thereafter.
On achievement of production on the
Figure 1: Location of the
Figure 2:
Figure 3: Several exposure levels of the porphyry system are interpreted across the ~3 km trend of alteration and mineralization at the Apache Target.
Figure 4: Photo of the NW zone of elevated Cu-Au values in close proximity to mapped altered dikes.
Figure 5: Photo of the southeast zone of elevated Au values that are potentially outlining a higher-level exposure of a porphyry system.
Figure 6: The Garlock target overlies a
Figure 7: Rock sample examples from the Garlock Target. Note: unidirectional solidification textures (UST).
About
Thunderbird is a junior grassroots explorer focused on the discovery of new precious metal and copper projects through systematic exploration of metal-endowed terranes located in Tier-one mining jurisdictions in
More information can be found at the Company’s website at www.thunderbirdminerals.ca
ON BEHALF OF THE BOARD
For new information about the Company's programs, please visit Thunderbird's website at www.thunderbirdminerals.ca or contact
Neither the
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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Apache Project
Figure 1: Location of the Apache Project with regard to regional geology. Sierra Nevada Metamorphic Belt rocks, which underlie the project area, were intruded by the younger Sierra Nevada Batholith. Figure is modified after Irwin, 1999.
Apache Project
Figure 2: The Apache Project location is within the mineral-rich Mojave Desert region of Southern California .
Apache Project
Figure 3: Several exposure levels of the porphyry system are interpreted across the ~3 km trend of alteration and mineralization at the Apache Target.
Apache Project
Figure 4: Photo of the NW zone of elevated Cu-Au values in close proximity to mapped altered dikes.
Apache Project
Figure 5: Photo of the southeast zone of elevated Au values that are potentially outlining a higher-level exposure of a porphyry system.
Apache Project
Figure 6: The Garlock target overlies a USGS mapped granodiorite porphyry that is closely associated with significant copper and gold mineralization.
Apache Project
Figure 7: Rock sample examples from the Garlock Target. Note: unidirectional solidification textures (UST).
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