Thunderstruck and JOGMEC announced on
In the past three years, Thunderstruck has completed 1.6 km of diamond drilling across 16 holes at Korokayiu. Highlights of this drilling program include 11m at 13.77% Zn, 2.94% Cu, 113.7 g/t Ag, 1.08 g/t Au and 10.55m at 9.51% Zn, 54.5 g/t Ag and 0.48 g/t Au. Additionally, mapping, geophysical and geochemical surveys have expanded existing targets and identified new targets for drilling at seven new sites over a seven-kilometer strike area. These new targets include significant soil geochemical anomalies up to 21.84 g/t Ag , 0.96% Zn and 0.41% Cu.
Despite the encouraging results from the program, JOGMEC has determined that there is insufficient data to establish a mineral resource within the allocated time frame to currently justify a formal joint venture.
JOGMEC has surrendered its option to acquire 70% of the Korokayiu prospect, which now returns to Thunderstruck as a 100% wholly-owned exploration license. Thunderstruck will retain all of the geological, geochemical, and geophysical data collected during the three years of exploration.
'JOGMEC is an exceptional exploration partner, and we benefited from a close, productive relationship with them advancing our Korokayiu zinc/copper prospect,' said
'With the Korokayiu license back as a 100% Thunderstruck-owned asset,' Bradley continued, 'we will be pursuing the gold and silver targets that were identified but not part of JOGMEC's base metal exploration mandate, in addition to following up on the base metal mineralisation that was identified by this program. We will review the data and the results acquired over the past three years to determine our next steps.'
About
Tuvatu (Gold) Indicated Resources of 1 million tonnes at 8.48 g/t Au (274,600 ounces Au), and Inferred Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au lower cut-off.
About
Contact:
Tel: 778 840-7180
Email: rob@thunderstruck.ca
Web: http://www.thunderstruck.ca
This news release contains certain statements that may be deemed 'forward-looking statements'. Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made.
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