Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company"), announces that it has arranged a private placement of up to $1,000,000 to advance the Company's Rama-Senikura Copper/Gold Prospect in Fiji and general working capital.

"Thunderstruck has substantial copper showings across three of its four assets, and we're poised to capitalize on strong copper prices and a projected long-term supply deficit with our consolidation of the area into a regional scale copper district." Commented Thunderstruck's President/CEO Bryce Bradley.

"Our Rama copper/gold porphyry is only 30 km from Newmont's large Namosi copper/gold project that is currently in development to become a mine, and the only reason Rama was left underdeveloped in the past was due to access issues." She continued, "Anglo Pacific did a helicopter-supported, and thus cost-prohibitive drilling program in 1975 on Rama, persuading them to focus on the nearby Namosi porphyry with its proximity to road networks and the capital of Suva. We can now easily access Rama by road, which will facilitate a cost-effective exploration season and give Rama the attention it deserves."

The non-brokered private placement involves the sale of up to 16,666,666 units at a price of $0.06 per unit for aggregate gross proceeds of $1,000,000. Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of $0.10 per share for a period of 36 months. The warrants will be subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds $0.20 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice.

Directors and officers of the Company will be acquiring securities under the Placement equal to 10% or $100,000, which participation would be considered to be a "related party transaction" as defined under the Multilateral Instrument 61-101 ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

2024 Work Program

Funds derived from the private placement will be used to finalize the definition of priority drill targets at the Rama-Senikura copper-gold porphyry prospect to initiate core drilling on the highest priority targets. Limited shallow drilling (four vertical holes ranging between 150 m and 250 m in depth) was undertaken in the Rama area by Anglo Pacific in 1975, with the first hole intersecting porphyry-style copper-gold mineralization in its entirety and also ending in mineralization. Deeper drilling is now required at Rama to target the interpreted core - and potentially higher grade - part of the porphyry system. No drilling has ever been undertaken at the adjacent Senikura target.

The prioritization of drill targets at Rama-Senikura will be undertaken through the completion of a ground magnetic survey, additional field mapping, together with the integration of existing geological, geochemical, and geophysical data. Spectral analysis of clay minerals across the Rama-Senikura targets will also be done by aiSIRIS analysis.

Secondary "hydrothermal" magnetite is an important part of both the potassic and propylitic alteration assemblages in and around the Rama copper-gold porphyry system and magnetite distribution is easy and relatively cheap to map using a grid-based ground survey. Moreover, Ellis (1996) in his MSc study of Newmont's near-by Namosi copper-gold porphyry system noted that "increased concentrations of magnetite occur in zones of intense chalcopyrite/bornite mineralisation. This association of increased magnetite in areas of high-grade bornite mineralisation may be a useful way of exploring for high-grade zones."

Financing

Finder's fees may be payable in accordance with the policies of the TSX Venture Exchange.

The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange.

The Company reserves the right to increase the number of Units issued pursuant to the Placement up to 8,333,333 for total gross proceeds of $500,000.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value copper-gold porphyry, gold-silver epithermal, and VMS base-metal deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One Metals), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newmont), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022).

The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."

References

Ellis, P.D. (1996). The geology and mineralization of the Waisoi porphyry copper deposits, Namosi Province, Republic of Fiji. Unpublished MSc study, CODES Ket Centre, University of Tasmania, page 107.

Meldrum, S.J., Aquino, R.S., Gonzales, R.I., Burke, R.J., Suyadi, A., Irianto, B., and Clarke, D., 1994. The Batu Hijau porphyry copper-gold deposit, Sumbawa Island, Indonesia : Journal of Geochemical Exploration, v. 50, p. 203-220.

Sillitoe, R.H., 1993. Gold-rich porphyry copper deposits: Geological model and exploration implications, in Kirkham, R.V., Sinclair, W.D., Thorpe, R.I., and Duke, J.M., eds., Mineral exploration modelling: Geological Association of Canada Special Paper, v. 40, p. 465-478.

For additional information, please contact:
Bryce Bradley, Chief Executive Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204789

December 12, 2023 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (the “Company”) announces the resignation of Lawrence Roulston from the board of directors effective December 11, 2023 as he shifts his focus to other entities. The Company extends its gratitude to Mr. Roulston for his contributions to the Company and wishes him success in his future ventures.

Stepping in as a Director of the Company to fill in the vacancy left by Mr. Roulston will be Mr. Eric Roth, previously an advisor to the Company and currently serving as the CEO and Director of Capella Minerals Ltd.

Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia and is an economic geologist with over 35 years of experience in international minerals exploration and mining project evaluation. Prior to Capella, he was Chief Operating Officer of Mariana Resources Ltd., which was acquired by Sandstorm Gold Royalties in July 2017 for the high-grade Hod Maden copper-gold discovery in NE Turkey. Prior to this, Mr. Roth was Chief Executive Officer of Aegean Metals Group Inc. (original acquirer of the Hod Maden project) and President and Chief Executive Officer of Extorre Gold Mines Ltd. (discoverer of the high-grade Cerro Moro gold-silver deposit in Santa Cruz Province, Argentina, which was acquired by Yamana Gold Inc. in mid-2012 for CAD 440M).

Eric worked for AngloGold Ashanti Ltd. ("AGA") between 2002 and 2008, initially as the Lima-based Peruvian project and South American opportunities manager and subsequently as the Johannesburg-based Global Head of greenfields exploration. During his Johannesburg tenure, AGA's greenfields exploration teams brought in over 20+Moz Au in new Inferred Resources through discoveries in Colombia (Colosa, Gramalote), Australia (Tropicana), and the DRC (Mongwalu) at a discovery cost of <USD 15/oz. Prior to AGA, Eric worked with TSX-listed Aur Resources Inc., discoverer of the high-grade Louvicourt VMS deposit located near Val d'Or, Quebec.

Eric is a Fellow of the Australian Institute of Mining and Metallurgy (FAusIMM), a Fellow of the Society of Economic Geologists (SEG), and a principal of consulting firm ER Global Consulting SpA..

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One LIO:TSX.V), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (Tuvatu-PEA-Update-NI-43-101) and Namosi (Newcrest Mining NCM:ASX), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022).

The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol “AWE” and United States OTC under the symbol “THURF.”

For additional information, please contact:                               
Bryce Bradley, Chief Executive Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
or, visit our website: http://www.thunderstruck.ca 

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 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. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

August 1, 2023 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (The “Company”) is pleased to announce that it has entered into an Asset Sale Agreement dated July 26, 2023 with Austasia Investments Pte Ltd. to acquire a track mounted drill rig and related equipment for aggregate consideration of USD$211,726, of which US$100,000 will be paid through the set off a previously advanced deposit, US$86,726 will be paid through the issuance of 722,717 units (each a “Unit”) at a deemed price of US$0.12 per Unit and the remaining US$25,000 will be paid within six months.

Each Unit will comprise one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of US$0.20 per share for a period of 36 months.

The transaction is subject to regulatory approval, including the approval of the TSX Venture Exchange.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high value gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji.

Fiji has a long history of mining with over 75 years of activity at the prolific Vatukoula Gold Mine alongside several advanced development projects including Tuvatu (Lion One LIO:TSX.V), Indicated Resources of 1.00 Mt @ 8.48 g/t Au (274,600 oz), Inferred Resources of 1.33 Mt @ 9.0 g/t Au (384,000 oz) (TuvatuPEA-Update-NI-43-101) and Namosi (Newcrest Mining NCM:ASX), Proven, Measured and Indicated Resources of 1.8Bt at 0.35% Cu and 0.11 g/t Au (6.4M oz Au and 6.3Mt Cu) (Newcrest Annual Mineral Resources Update, June 2022).

The Company provides investors with exposure to a diverse portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol “AWE” and United States OTC under the symbol “THURF.”

For additional information, please contact: Bryce Bradley, Chief Executive Officer Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

June 8, 2023 – Vancouver, British Columbia – Thunderstruck Resources Ltd. (“The Company”) is pleased to announce that recent data compilation on the company’s Rama copper/gold porphyry indicates an anomalous signature extending 2.5 km x 2 km and open in all directions.

Previous interpretations had indicated an anomalous zone of 800 meters in diameter.

The expansion of the Rama target comes with the addition of historic sampling data done by Anglo in the 1970s, as well as recent work by Thunderstruck establishing a clear link between higher-level, gold-rich disseminated mineralisation located at high-elevations on the Senikura ridge to the south (see Figure 1). In short, both prospect areas now appear to represent the same very large, porphyry-related hydrothermal system.

The Company’s recently hired in-house geologist, Huw Williams, who will be based in Fiji, is highly experienced in both epithermal and porphyry systems.

“We welcome Huw to the Thunderstruck team, and are thrilled to have such an experienced geologist who loves to be in the field. Huw brings a wealth of experience in both epithermal deposits like our Liwa asset and porphyries like Rama. He is based in Fiji, and heads to the field this week to oversee our Liwa and Rama exploration efforts

Figure 1 Rama and gold-rich Senikura zone to the South

About Rama

Rama is a classic Cu-Au porphyry system akin to Newcrest’s Namosi (900Mt @ 0.43% Cu & 0.15g/t Au, based on 1995 economics and feasibility studies), located 30 km to the east in similar aged and style of rocks (see Figure 2). Rama’s Cu-Au (chalcopyrite-bornite-pyrite) mineralisation is spatial and temporally associated with secondary magnetite alteration and features classic porphyry-related alteration zonation, including potassic and phyllic (sericitic) alteration.

Geochemistry collected across the Rama area historically by Anglo, and more recent data collected by Thunderstruck at the southern Senikura zone, indicates extensive disseminated gold mineralisation with a partially exposed porphyry system and open in all directions.

Figure 2 Rama is located 30km from Newcrest’s Namosi project

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high-value mineral deposits on Fiji’s main island of Viti Levu. Fiji has a long history of mining, including the Vatukoula Gold Mine which has already produced seven million ounces. Other Fiji deposits include Lion One’s Tuvatu gold mine, which has just commenced mining, and the 1.8 billion tonne Namosi porphyry copper-gold deposit of Newcrest Mining.

Thunderstruck has exclusive exploration rights over 284 square kms, making it one of the largest holders of mineral rights in Fiji. Projects include gold-silver epithermal and copper-gold porphyry targets along with the two VMS projects.

The Company provides investors with exposure to a diverse portfolio of exploration projects with potential for copper, zinc, gold and silver in a politically safe and stable jurisdiction.

Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol “AWE” and United States OTC under the symbol “THURF.”

For additional information, please contact:       
Rob Christl, VP Business Development and Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 1-778 840-7180
or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

• Induced polarisation (IP) geophysical survey supports drill target at Nakoro project in Fiji.
• Chargeability/resistivity target is coincident with gossan and surface sampling.
• U.S. State Department Minerals Program Director visiting Thunderstruck projects in relation to its critical minerals initiative.

Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC PINK: THURF) ("The Company") reports that the scope for a substantial increase in the scale of the Nakoro zinc/copper/silver prospect has been provided through a recent IP geophysical survey.

Nakoro is one of four projects being advanced by Thunderstruck on the main island of Fiji. The current work follows up on exploration by Anglo Pacific in the 1970s. Historic drilling includes 12 meters grading 12.7% zinc, 0.3% copper, 56 g/t silver. Volcanic Massive Sulphides (VMS) deposits, like this one at Nakoro, typically occur in clusters. The work by Thunderstruck is aimed at expanding outward from the area of the historic work.

Lawrence Roulston, Director, commented: "These results show the potential for size in a deposit where earlier drilling has already demonstrated favourable grades."

Nakoro Prospect - IP Geophysics

The recent IP survey outlined a chargeability/resistivity target 200 meters from the area of historic drilling by Anglo where Thunderstruck geologists identified outcropping mineralization and gossans. (See Figure 1 below).

Zonge Engineering, a highly regarded international firm specializing in geophysics, conducted the IP survey utilizing a pole-dipole electrode configuration with electrodes spaced at 50m (dipoles) along 200m spaced lines. The survey included a total of 2.5-line kilometres across two lines and identified multiple geophysical features to assist interpretation and target definition.

The survey has successfully identified a priority drill target that aligns with the mineralization at surface. The chargeability/resistivity signature is characteristic of VMS targets. Figure 3 shows the chargeability and resistivity profiles along the two lines.

Figure 1: Summary map of Nakoro Prospect, showing location of previous drilling, geology and completed PDIP surveying coverage

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/163144_7f3c2e891496ebb0_002full.jpg

Further areas of gossan and mineralization at surface offer further upside potential and will be followed up after drill testing this target.

Figure 2: Map of Nakoro showing newly mapped area and some points of Interest.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/163144_7f3c2e891496ebb0_004full.jpg

Thunderstruck's geological team carried out further geological mapping and sampling at Nakoro, which features an 8 km untested prospective geologic horizon highlighted through the interpretation of regional magnetics. (See Figure 2.) That work revealed a significant extension to the mineralized system at Nakoro. Extensive gossan outcrops were discovered along the Navakaruku creek area with one instance of massive sulphide mineralization associated with quartz veins within the gossan. The gossans are associated with strong limonite staining and small chlorite-epidote veinlets and amygdules. These results are typical for a VMS system, which typically occur in clusters.

Figure 3: Nakoro Prospect - Pole-Dipole IP Chargeability, Resistivity/Conductivity 2D Inversions

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2901/163144_thunderstruck_fig3.jpg

Site Visit by U.S. State Department

At the request of the U.S. State Department Minerals Program Director, the director and his team plan to visit Thunderstruck's copper-zinc VMS projects in April as part of the on-going efforts by the U.S. Government to expand supplies of critical raw materials from reliable sources. The purpose of their visit is to learn more about Fiji's mineral sector and discuss potential opportunities. Thunderstruck, as a leading explorer in Fiji, is hosting part of the visit intended to inform the U.S. Government of the critical resource potential of Fiji.

Share Consolidation Update

Thunderstruck Resources Ltd. (The "Company") is pleased to announce that it has received the approval from the TSX Venture Exchange for the previously announced five to one share consolidation (the "Consolidation"),as previously announced on April 10, 2023.

The common shares will commence trading on a post-consolidation basis effective as at April 24, 2023. Post consolidation, the Company will have approximately 25,402,562 shares outstanding. The Company's shares will continue to trade under the existing symbol "AWE". The CUSIP and ISIN of the Company's shares will change to 88606V203 and CA 88606V2030 respectively.

As previously announced, a letter of transmittal will be sent by the Company's transfer agent, Odyssey Trust Company, to the registered shareholders providing instructions to surrender the share certificates evidencing their pre‐consolidated common shares for replacement certificates representing the number of post‐consolidated common shares they are entitled to as a result of the consolidation. Until surrendered, each certificate representing the pre‐consolidated common shares will be deemed to represent the number of post‐consolidated common shares of the company that the holder thereof is entitled to as a result of the consolidation.

Warrant Price Update

Further to Thunderstruck's news release dated, April 10, 2023, please note that the full warrant attached to the private placement is 0.50 per unit, not 0.75. We apologize for the error.

About Thunderstruck Resources

Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high-value mineral deposits on Fiji's main island of Viti Levu. Fiji has a long history of mining, including the Vatukoula Gold Mine which has already produced seven million ounces. Other Fiji deposits include Lion One's Tuvatu gold mine, which has just commenced mining, and the 1.8 billion tonne Namosi porphyry copper-gold deposit of Newcrest Mining.

Thunderstruck has exclusive exploration rights over 284 square kms, making it one of the largest holders of mineral rights in Fiji. Projects include gold-silver epithermal and copper-gold porphyry targets along with the two VMS projects.

The Company provides investors with exposure to a diverse portfolio of exploration projects with potential for copper, zinc, gold and silver in a politically safe and stable jurisdiction.

Thunderstruck trades on the Toronto Venture Exchange (TSXV) under the symbol "AWE" and United States OTC under the symbol "THURF."

Qualified Person Statement

The technical information in this news release was reviewed by Peter Duerden, RPGeo, an advisor to Thunderstruck Resources, and a qualified person as defined by National Instrument 43-101 (NI 43-101).

For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 1-778 840-7180
or, visit our website: http://www.thunderstruck.ca

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163144