News Releases
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2018) - Thunderstruck Resources Ltd. (TSXV: AWE) ("Thunderstruck") is pleased to provide results from its recent exploration conducted at the Liwa Creek Gold Prospect in late 2017.
Liwa Creek is part of a 148 sq km property held by Thunderstruck in Fiji, located 50km south of the Vatukoula gold mine, which has produced 7 million ounces of gold. Fiji is located on the Pacific Ocean's Ring of Fire, which contains many of the world's major gold and copper deposits, including Lihir and Grasberg *.
Between November and December 2017 Thunderstruck crews completed 520m of hand trenching in four (4) separate areas of the Jensen and Liwa Ridge gold showings resulting in the collection of 117 trench channel samples. In addition, 123 prospecting rock grab, 110 ridge-and-spur auger soil, and 47 BLEG stream sediment samples were collected from the Liwa and Vatuvatulevu creek areas, which include the Liwa Ridge, Jensen's, and Gun gold showings.
Commenting on the results, President/CEO Bryce Bradley notes that "Multiple examples of significant gold mineralization, as well as extensive anomalies, have now been uncovered across the expanse of our property. In particular, these results show that our Liwa and Jensen's discoveries are shaping up to be intriguing gold targets. Now that we have all permitting in place, we're entertaining joint venture opportunities to aggressively advance this exciting asset."
Jensen's Showing
Thunderstruck prospecting crews successfully located and sampled the historic Jensen's gold showing on Wainamoli Creek with two rock grab samples returning high grade gold values of 36.1 and 31.8 g/t Au; including 12.5% and 6.8% Pb (lead), respectively (Table 1). A total of 21 rock grab samples were collected along a stretch of the Wainamoli Creek outlining a 300m zone of anomalous gold values; including 8 samples returning greater than 0.2 g/t Au, and a series of discontinuous rock outcrop channel samples collected over a distance of 35m averaging 0.38 g/t Au.
Table 1: 2017 Liwa Creek Prospect Significant Rock Grab Sample Results
Sample ID | Area | Au g/t | Ag g/t | Pb % |
278521 | Jensen's | 36.10 | 18.7 | 12.5 |
278522 | 31.80 | 22.2 | 6.8 | |
278529 | 1.08 | - | 0.1 | |
278381 | 0.46 | - | 0.1 | |
278368 | Liwa Ridge | 8.13 | - | 0.2 |
17KRP901 | 3.30 | - | 0.2 | |
278363 | 1.66 | - | - | |
17KRP903 | 0.86 | - | - | |
278316 | 0.52 | - | - | |
278528 | 0.51 | - | - | |
278394 | Noda Creek | 3.54 | - | 0.1 |
278274 | 1.27 | 12.6 | - | |
278338 | Lower Vatuvatulevu | 1.69 | - | 0.3 |
278335 | 1.01 | - | - | |
278351 | Gun | 0.44 | 25.5 | - |
Excavation of a 261m E-W trending trench at the Jensen's gold showing was hampered by deep weathering along the western half of the trench and deep stream gravels along Wainamoli Creek. The 29.1m interval between 189.5 and 218.6 m uncovered a zone of weathered locally quartz-sulphide mineralized and intensely sericite altered and limonitic mafic volcanic rock. The highest trench value within this interval returned 0.1 g/t Au over 2.8m.
The relationship of the trenched intervals to the true width of mineralization is not known. However, field relationships suggest mineralized zones may trend NE to ENE sub-parallel to the major drainage of Wainamoli Creek. Anomalous gold values within Jensen's trench are therefore interpreted to define the western limits of a poorly exposed zone of locally high grade gold mineralization to the east.
Liwa Ridge Showing
At the Liwa Ridge Showing two trenches (Liwa North and South) were excavated having lengths 124m and 110m, respectively; separated 200m along strike and 100m vertically.
The Liwa South trench returned, 1.2 g/t Au over 26.5m (from 5 to 31.5m, 6.2m un-sampled*), including 3.6 gram-per-tonne (g/t) gold (Au) over 4.2m (from 5 to 9.2m), within a broader anomalous gold zone averaging 0.61 g/t Au over 71.3m (from 0 to 71.3m, 14.7m un-sampled). Mineralization is open to the east with the first trench sample returning 0.33 g/t Au over 5m (Table 2).
The Liwa North trench returned 0.30 g/t Au over 31m (from 36 to 67m) within a broader anomalous gold zone averaging 0.24 g/t Au over 67m (from 36 to 103m, 8.4m un-sampled). Mineralization is open to the east under thick scree cover. To the west the trench crosses the 6m wide Liwa Creek drainage. Limited trench sampling on the west side of Liwa Creek did not return anomalous gold values, however select outcrop grab samples there yielded anomalous gold values of 0.11, 0.15 and 0.52 g/t Au.
Geologic mapping confirms the presence of a sub-vertical 60m wide zone of hematite-silica-pyrite altered mafic volcanic rocks over a 400m strike and 100m vertical extent between the Liwa and Noda creek drainages. The zone is open to the north, south and east under scree and soil cover.
A total of 46 rock grab samples were collected over a 600 x 200 m area surrounding the Liwa Ridge showing. Gold values ranged from below detection up to 8.13 g/t Au and 0.19% Pb, with a total of 7 samples returning greater than 0.5 g/t Au. Prospecting has extended gold mineralization 120m south of Liwa Ridge into the Noda Creek drainage where rocks grab sampling returned values of 1.27 and 3.54 g/t Au in outcrop.
Auger soil sampling along Liwa Ridge revealed robust gold in soil values (0.64 g/t Au) coincident with trench-confirmed mineralization. An additional two auger soils collected at distances of 5 and 20m beyond the eastern limit of the Liwa South trench returned 0.24 and 0.55 g/t Au, respectively (the three highest gold-in-soil values to date); indicating potential to expand the mineralized zone eastward.
Table 2 - 2017 Liwa Creek Prospect Significant Trench Channel Sample Results**
Cannot view this image? Visit:
http://orders.newsfilecorp.com/files/2901/32760_table2.jpg
Gun Showing
The Gun Showing occurs on a remote north-south tending ridge in the headwaters of Vatuvatulevu Creek. Historic rock outcrop sampling at Gun returned 700 ppb Au, in association with quartz-sulphide rock float located in a tributary 300m to the northwest returning 12 g/t Au and 110 g/t Ag (silver). Current rock grab sampling within the tributary and along Gun Ridge comprised 21 samples, with six samples returning greater than 0.10 g/t Au. Rock float at the Gun Showing returned 0.44 g/t Au, including 25.5 g/t Ag; and 0.32 g/t Au. Rock float samples from the tributary returned 0.46 g/t Au including 0.12% Pb and 0.30 g/t Au.
A single reconnaissance auger soils line comprising 21 samples spaced at 10m intervals trending southwest from the Gun Showing returned highly anomalous gold values. A total of 12 continuous auger soil samples collected over a distance of 110m returned an average of 28 ppb (parts-per-billion) Au, and up to 82 ppb Au, the highest gold in soil value of 110 samples returned on the Project outside three contiguous samples collected over the Liwa Ridge gold zone. Within the Liwa Creek Prospect, auger soil samples returning greater than 20 ppb Au are considered highly anomalous.
The Company considers the results of auger soil, rock grab and stream sampling at the Gun Showing significant in that they demonstrate anomalous gold values over a 300m distance that remain open to the north, south and east in this remote and under-explored region of the Prospect.
Stream BLEG Sampling
A total of 47 BLEG (Bulk Leach Extractable Gold) stream sediment samples were collected over a 3 x 2 km area of Liwa and Vatuvatulevu creeks. A total of 19 of 47 stream samples returned BLEG cyanide leach gold values in excess of 10 ppb Au and are considered anomalous. Of the 47 samples, a total of 10 samples returned greater than of 30 ppb Au, and up to 78 ppb Au. Anomalous stream samples define three (3) high-priority areas for follow-up prospecting: Liwa Ridge, Lower Vatuvatulevu Creek and the Gun Showing area.
A total of seven (7) highly anomalous stream sediment samples collected from Liwa and Noda creeks averaged 48 ppb Au. The entire 1.5 km length of Noda Creek returned anomalous gold values (ranging from 34 to 78 ppb Au) from its headwaters where outcrop rock grab samples returned up to 3.54 g/t Au downstream to its confluence with Wainamoli Creek. Stream sampling results flanking the Liwa Showing indicate significant potential to extend the mineralized zone eastwards in agreement with auger soil sampling results and 900m south into the Noda Creek drainage.
Within Lower Vatuvatulevu Creek, two eastern tributaries returned BLEG values of 49 and 45 ppb Au and a third returning 19 ppb Au. Angular rock float samples of brecciated and banded quartz-pyrite mineralized rock with 49 ppb Au returned values of 1.7 g/t Au including 0.32% Pb, and 1 g/t Au. Historic stream float rock returning 6.4 g/t Au with no known bedrock source was reported along this stretch of Vatuvatulevu Creek. The Lower Vatuvatulevu Creek gold in stream anomaly is located 650 east along the inferred strike of Jensen's Showing high grade gold rock samples.
In the headwaters of Vatuvatulevu Creek, a tributary 300m northwest of the Gun Showing returned BLEG stream values of 28 and 29 ppb Au, indicating potential to extend mineralization further north at this newly developed prospect. Additional stream BLEG, auger soil and prospecting is considered a high priority as major drainages to the east and a prominent north-south trending ridgeline there remain to be evaluated.
Interpretation
The work by Thunderstruck, building on the work by previous operators, has identified gold mineralization over an area of 3 km by 3 km. Samples from outcrops and trenches at Jensens and Liwa Ridge demonstrate the potential for the system to carry favourable grades, while the soil and BLEG samples at the other prospects demonstrate the presence of gold over a large area, suggesting the presence of a large mineralizing system, on a scale comparable to other large gold-bearing systems in the Pacific Rim of Fire.
Liwa Exploration Geochemical Results
To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/2901/32760_map.jpg
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and highly prospective properties in Fiji on which recent and previous exploration has confirmed VMS and Precious Metals mineralization. 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".
Qualified Person Statement
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, is a qualified person for the project as defined by National Instrument NI 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Liwa Creek Prospect.
During 2017 all stream sediment samples were submitted to Australian Laboratory Services Pty. Ltd (ALS) labs Perth for BLEG determination of gold. Auger soil samples were submitted for gold and multi-element geochemical analysis via a 25 gram (g) sample split subject ICP-MS. Prospecting and trench rock samples submitted for 30g gold Fire-Assay analysis and multi-element geochemistry by four-acid ICP-ES. Thunderstruck has relied on the external QA/QC of ALS which included the insertion of insertion of standard, blank and duplicate samples at a rate of 10% into the sample stream to confirm the accuracy of the reported results.
*Not necessarily indicative of mineralization on Thunderstruck Properties
**Surface trenches were dug by hand to a maximum depth of 1m into saprolite with the goal of reaching weathered in-situ bedrock approximating the B/C soil profile transition. In all cases where the B/C transition was reached pervasively clay altered saprolite rock present often showing relict primary textures, alteration and mineralization in the form of weathered sulphide minerals. Given the hand-excavated nature of the trenches and heavy forest cover at Liwa Creek continuous ground sampling was often not possible due to the presence of tree root masses. As such trench results are presented with sample width and assay data including all un-sampled intervals.
For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director
Telephone: (604) 349-8119
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.
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2017) - Thunderstruck Resources Ltd. (TSXV: AWE) ("Thunderstruck"); The Company is pleased to provide an exploration update on its Rama Creek copper-gold porphyry and Liwa Creek gold prospects. Thunderstruck is conducting the first comprehensive exploration since drilling by Anglo American in the 1970s discovered zones with high-grade zinc and copper values. Work by Thunderstruck over the past year has confirmed the Anglo values and identified other targets prospective for gold, silver, copper and zinc.
Rama Creek Update
Following its release of positive Phase 1 Bulk cyanide Leach Extractable Gold (BLEG) stream sediment sample results for the Rama Creek prospect (see the Company's September 27, 2017 News Release), the Company's expanded Phase 2 exploration included the collection of an additional 37 stream sediment, 120 target-specific auger soil, and 113 surface rock geochemical samples.
Current Phase 2 stream sediment follows up on the Phase 1 defined Rama, Rama North, and Senikura Creek Cu-Au and Au-Ag anomalies by extending complete stream coverage, and concurrent rock geochemical sampling, into the headwaters and tributaries of Rama and Senikura creeks. Target-specific auger soil sampling was designed to confirm and provide increased resolution over wide-spaced historic gold in soil anomalies at Rama (316 and 143 ppb Au), Rama Headwaters (739 ppb Au), and Senikura West (4 samples ranging from 107 to 511 ppb Au).
Liwa Creek Update
Following successful completion of Phase 2 sampling at Rama, crews mobilized to Liwa Creek to execute the Company's first work program on the prospect (see the Company's News Release of October 24, 2017). During October and November 2017, Thunderstruck crews completed 520m of trenching in four (4) separate areas at the Jensen and Liwa Ridge gold showings, including the collection of 113 trench rock channel samples, 100 prospecting rock grab, and 34 BLEG stream sediment samples.
Excavation of a 261m E-W trending trench at the Jensens's gold showing uncovered several 3.2 m-wide zones of intensely weathered quartz-sulphide veined mafic volcanic rock within a broader 5.3m-zone of apparently sericite-hematite interval. The relationship of the trenched intervals to the true width of mineralization is not known.
Geologic mapping at the Liwa Ridge gold showing confirmed the presence of a sub-vertical to steeply west dipping 60m-wide zone of hematite-silica-pyrite altered mafic volcanic rocks over a 400m strike and 100m vertical extent between the Liwa and Noda creek drainages. The zone is open to the north and south under scree and soil cover. Current work tested the Liwa Ridge gold showing via two (2) trenches having an aggregate length of 229m, separated 200m along strike and 100m vertically.
An initial block of 34 stream sediment and 100 prospecting rock grab samples were collected within the Liwa and Vatuvatulevu creek areas designed to expand the Jensens and Liwa Ridge gold zones and follow up on wide-spread historic anomalous gold in float rock in Vatuvatulevu Creek over a distance of 1.5km (see the Company's News Release of October 24, 2017).
Moving Forward
The Company is currently waiting on receipt of Rama Creek stream, rock and soil geochemical samples (270 samples in total). Thunderstruck completed initial Liwa Creek Prospect exploration on November 16, 2017. Liwa trench and prospecting rock and stream sediment geochemical samples (247 samples in total) are currently en route to Australian Laboratory Services Pty. Ltd (ALS) labs Perth. The Company will report on the results as they are received.
Based on the results of Liwa Creek trenching and geologic mapping, Thunderstruck has updated its ridge-and-spur auger soil geochemical sampling program designed to test the strike potential of the Liwa Ridge and Jensen's and Gun (formerly Siga's) gold prospects. Crews are expected to re-mobilize to Liwa Creek prior to the end of November for a period of approximately two weeks.
Following completion of the initial Liwa Creek auger soil sampling program, Thunderstruck crews will demobilize the Liwa camp and re-establish the Rama Creek Prospect camp in preparation for commencement of TerraSpec® Short Wave Infrared (SWIR) rock and deep "C" horizon auger soil hydrothermal clay alteration mineral mapping work, which should be complete by end of Q4. SWIR alteration mineral mapping of the Rama Creek Cu-Au prospect is designed to prioritize potential drill targets in conjunction with multi-element geochemistry.
The recent results are highly significant, as they provide support for the premise that they are part of large and well-mineralized geological systems which have the scope to host large deposits. Work over the next few weeks will focus on compiling the recent results into the geological database leading to the design of a drill program in 2018.
Board of Directors
The Company is pleased to announce the appointment of Linnea von Hessert and Lawrence Roulston to the Board of Directors. Ms. von Hessert is a geologist with over 20 years experience in the mining industry, having worked for majors and juniors as well as the Bureau of Land Management in Nevada. She is an active investor with significant holdings in the mineral exploration industry. She graduated from the University of Montana with a B.S. in geology in 1999.
Mr. Roulston is a mining professional with over 35 years of diverse experience as a mining analyst and consultant. He is Managing Director of WestBay Capital Advisors, providing business advisory and capital markets expertise to the junior and mid-tier sectors of the mining industry. Previously, he was the editor of Resource Opportunities, an independent investment publication focused on the mining industry. Mr. Roulston holds a B.Sc. in geology. He is Chairman of Metalla Royalty and Streaming Ltd. and an advisor to Metallis Resources Inc.
The Company also announces the resignation of Michael L. Page from the Board, and thanks him for his time and dedication to date as the Company's Qualified Person and technical advisor.
"We are very satisfied with the progress of our current exploration program, guided by our talented and experienced technical consultants," notes Bryce Bradley, Thunderstruck's president and CEO. "This is the first concerted program on these highly-prospective targets since we acquired them, with a goal of establishing well-founded drill targets for 2018. We are also extremely pleased with the addition of Lawrence Roulston and Linnea von Hessert to our board. They are excited to join our team as we finally begin to unlock the potential of our high-quality exploration assets."
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company with highly prospective base and precious metals projects in Fiji. Fiji has an 80-year mining history, with Vatukoula Gold Mine having produced 8 million ounces of gold. Located on the Pacific "Ring of Fire," which hosts some of the largest gold-copper deposits on the planet, including Grasberg. Fiji is now being explored by several major mining companies.
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".
Qualified Person Statement
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, is a qualified person for the project as defined by National Instrument NI 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Rama and Liwa Creek prospects.
For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director
Telephone: (604) 349-8119
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.
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2017) - Thunderstruck Resources Ltd. (TSXV: AWE) ("Thunderstruck"). In addition to its ongoing, previously announced exploration program on the Rama Creek copper/gold prospect (see September 27, 2017), the Company is pleased to announce mobilization of exploration crews to its Liwa Creek gold prospect, Viti Levu, Fiji.
The 2017 Liwa Creek prospect exploration will initially comprise ridge and spur auger soil geochemical sampling designed to test along-strike potential of the Liwa Creek and Jensen's Prospect gold zones together with trenching of the lodes, which returned historic surface trench assays of 1.9 g/t Au over 15m and 5.7 g/t Au over 7m, respectively. Concurrent with auger soils, Thunderstruck crews will collect approximately 55 bulk cyanide leach extractable gold (BLEG) stream sediment sampling and detailed prospecting in the Vatuvatulevu Creek area, 1 to 3km to the northeast. Historic anomalous gold values in rock float and BLEG stream sediment samples in the Vatuvatulevu Creek drainage over a wide area of approximately 150 hectares are interpreted to indicate the presence of multiple undiscovered gold sources.
As a follow-up to geochemical and detailed prospecting, Thunderstruck plans to conduct induced polarization (IP) resistivity, in addition to short wave infra-red (SWIR) Terraspec® soil surveys targeting potential hydrothermal alteration minerals associated with zones of intense silica-pyrite altered mafic volcanic rocks known to host gold mineralization at Liwa Creek.
Bryce Bradley, Thunderstruck President/CEO, states, "This exploration program was designed by the Company's geological team and independent consultants to pinpoint optimum drill targets in this broad area of historic gold results. We anticipate that we'll be able address these targets with a focused drill program following the rainy-season break."
Thunderstruck management believes the Liwa Creek prospect has excellent potential for expansion of historically reported gold zones at the Liwa and Jensen's prospects; as well as for the discovery of additional mineralization through follow-up of gold in rock float anomalies in the Vatuvatulevu Creek drainage.
About Liwa Creek
Gold bearing float assaying 8.4 g/t Au was discovered at Liwa Creek in the 1970s by Amoco Minerals. Subsequent exploration by Geopacific Limited (Geopacific) discovered the interpreted source 700m west upstream. Geologic mapping by Geopacific defined a north-south trending, 90m wide zone of silica-pyrite altered mafic volcanic rocks over a 300m strike length and approximate 100m vertical extent. Hand trenching by Geopacific (1989) adjacent to Liwa Creek returned intersections including 1.9 g/t Au over 15m and 2.0 g/t Au over 5.5m. The relationship of trenched intervals to the true width of mineralization is not known; however, mineralization at Liwa Creek is interpreted to be steeply dipping to near vertical in orientation.
Later work by Aljen Pacific Limited (Aljen) resulted in the discovery of additional outcropping gold zones 600m to 800m to the east on Wainamoli Creek, including trench samples returning 5.7 g/t Au over 7m, and an outcrop of galena-rich quartz veining where 11 rock grab samples returned assays ranging from 1.6 to 26.7 g/t Au, with anomalous Cu, Pb and Zn values (Jensen's Prospect). The relationship of the trenched intervals to the true width of mineralization is not known.
Additional mineralization occurs as float samples within Vatuvatulevu Creek drainage 1 to 3 km northeast of the Liwa Creek Prospect including: one sample returning 11 g/t Au and 110 g/t Ag; one sample returning 3.2 g/t Au and 16.7 g/t Ag; four samples ranging from 0.32 to 0.77 g/t Au; and one outcrop sample returning 0.9 g/t Au and 94 g/t Ag (Siga's prospect).
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company with highly prospective VMS and Precious Metals projects in Fiji. 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".
Qualified Person Statement
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, is a qualified person for the project as defined by National Instrument NI 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Liwa Creek Prospect.
For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director
Telephone: (604) 349-8119
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.
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2017) - Thunderstruck Resources Ltd. (TSXV: AWE) ("Thunderstruck") is pleased to announce the results of 110 stream sediment Bulk cyanide Leach Extractable Gold (BLEG) stream sediment samples at its Rama Creek Copper-Gold (Cu-Au) Prospect in Fiji. 2017 Phase 1 sampling confirms the historic Rama Creek Au-Cu geochemical anomaly, and defines new Au-Ag geochemical anomalies at Senikura Creek and Rama Creek north.
The Company has received final results for 110 BLEG stream sediment geochemical samples collected from its Rama Creek Porphyry Cu-Au prospect during May 2017 (Phase 1). Sampling at Rama Creek was designed to follow-up and provide confirmation of historic copper and gold in stream and auger soil anomalies discovered in the headwaters of Rama Creek. Historic 1974 diamond drilling reported by Australian Anglo American Ltd (Anglo) at Rama Creek targeted a magnetic high and Induced Polarization (IP) chargeability geophysical anomaly and intersected significant porphyry copper mineralization, with vertical drill hole "DDH1" returning a 244 metre interval between depths of 6 and 250 metres averaging 0.22% Cu and ending in mineralization. No additional diamond drilling has been completed at Rama Creek since Anglo's initial discovery program.
"We believe the Rama Creek prospect has excellent potential for expansion of the historically reported zone of porphyry Cu-Au mineralization," commented Bryce Bradley, Thunderstruck President and CEO, "as well as the discovery of additional mineralization through follow-up of new Cu-Au stream geochemical anomalies as presented in detail below."
2017 Phase 1 BLEG Sample Results
The current BLEG stream sediment sampling by Thunderstruck personnel comprise 110 samples collected within the headwaters and tributaries of Rama and Senikura creeks over an approximately 16 km-square area. Cyanide leach determined values for gold (110 samples), silver (47 samples) and copper (47 samples) ranging from below detection up to 16 ppb (parts per billion) Au (95th percentile = 14 ppb Au), 0.57 to 28 ppm (parts per million) Cu (95th percentile = 21 ppm) and 1 to 168 ppb Ag (95th percentile = 94.5 ppb Ag).
Stream sampling at Rama Creek within the area of historic Anglo drilling returned seven (7) samples ranging from 11 to 16 ppb Au and four (4) samples ranging from 19 to 28 ppm Cu, which define a 400 x 500 metre anomaly (Rama Creek Cu-Au target), confirming work by previous explorers.
West of Rama creek, approximately 300 metres west of the Rama Creek Cu-Au target, two (2) stream samples returned silver (Ag) values of 145 and 99 ppb Ag, in addition to 11 ppb Au. This anomaly represents a new geochemical target not associated with historically identified Cu-Au anomalies at Rama Creek. Similarly, a single stream sample 1 km northeast of the Rama Creek Cu-Au target returned 168 ppb Ag; the highest silver-in-stream value returned from Phase 1 sampling.
At the headwaters of Senikura Creek, within the centre of the Senikura magnetic low anomaly, a single stream sample returned 16 ppb Au and 84 ppb Ag. The gold value is significant in that it is the highest gold value returned from Phase 1 sampling, in conjunction with 16 ppb Au stream values recovered from the creek draining Anglo drill hole DDH 1, and represents a distinct combined Au-Ag geochemical and magnetic low target located 1 km southeast of the Rama Creek Cu-Au target.
SPL 1425 VITI LEVU
RAMA CREEK AREA
SUMMARY OF ANOMALOUS DATA
To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/2901/29278_a1506476004522_83.jpg
About Rama Creek
At the Rama Creek prospect, hornblende feldspar porphyritic tonalite intrudes mafic to intermediate volcanic rocks of the Wainimala Group. Porphyry Cu-Au mineralization occurs in both porphyritic intrusives and surrounding Wainimala volcanics. Mineralization is associated with widespread propylitic and localized potassic alteration and comprises quartz-stockwork fracture controlled pyrite, magnetite, malachite, chalcocite, covellite and chalcopyrite-bornite.
Drilled porphyry Cu-Au mineralization at Rama Creek is coincident with an approximately 5 km circumference arcuate magnetic high airborne magnetic geophysical anomaly in the centre of which occurs a 1.4 km diameter circular magnetic low anomaly in the headwaters of Senikura Creek. The Rama and Senikura creek magnetic anomalies define two high priority target zones which were the subject of current and future Rama Creek exploration by Thunderstruck.
The Rama Creek porphyry Cu-Au prospect was discovered in 1971 by Barringer Fiji Ltd. In 1974 Australian Anglo American Ltd (Anglo) completed 4 vertical diamond drill holes totalling 802.4 metres at Rama. Drill hole DDH 1 targeting the centre of a combined copper-in-soil, magnetic and Induced Polarization (IP) chargeability geophysical anomaly intersected porphyry intrusive that returned a 244 metre interval averaging 0.22% Cu, between 6 and 250 metres downhole; including 72 metres averaging 0.23 grams-per-tonne (g/t) Au between 6 and 78 metres downhole. Drill hole DDH 1 terminated in mineralization at 250 metres vertical depth. Drill hole DDH 3 collared approximately 100 metres to the east of DDH 1 returned 60 metres averaging 0.098% Cu from a depth of 6 to 66 metres within pyrite-chalcopyrite mineralized volcanic rocks.
Subsequent 1988 exploration by Southern Pacific Resources (Fiji) Ltd. included auger soil and stream sediment geochemical sampling. 100 metre-spaced ridge and spur copper in auger soil values in the area of the previous Anglo diamond drilling ranged from 675ppm to 0.64% Cu defining an approximately 700 metre x 500 metre anomalous zone. Anglo drill holes DDH 1 and DDH 3 are coincident the 316ppb and 146 ppb Au in soil anomalies, respectively. At Senikura Creek, an 800 metre length ridgeline gold in soil anomaly was defined that returned values ranging from 69 to 511 ppb Au (Senikura West), while 1.5 km to the east, a 1 km length gold in soil returned values ranging from 61 to 74 ppb Au (Senikura East).
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company with highly prospective VMS and Precious Metals projects in Fiji. 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".
Qualified Person Statement
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, is a qualified person for the project as defined by National Instrument NI 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Rama Creek Prospect. During 2017 at stream sediment samples were submitted to Australian Laboratory Services Pty. Ltd (ALS) labs Brisbane for Bulk Leach Extractable Gold (BLEG) determination of gold, silver and copper. Selected samples were also submitted for multi-element geochemical analysis by Inductively Coupled Mass Emission Spectroscopy (ICP-ES). Thunderstruck has relied on the external QA/QC of ALS which included the insertion of standard, blank and duplicate samples at a rate of 10% into the sample stream to confirm the accuracy of the reported results.
For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director
Telephone: (604) 349-8119
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". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, regarding the undertaking of future activities, work programs and development at the Company's Rama Creek project, realization of the potential of the completing of its 2017 exploration plans, and general future plans and objectives for the Company and its Fiji projects, are forward-looking information that involve various risks and uncertainties. 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. For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed management's discussion and analysis, and other continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. 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 applicable securities 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.
The Company is pleased to announce that it has hired APEX Geoscience Ltd. (“APEX”) to conduct an independent site visit in conjunction with a complete technical review and data compilation of Thunderstruck’s zinc, copper, silver and gold projects in Fiji. APEX is a leading mineral geological consulting services firm focused on the mineral and energy sectors. Kris Raffle, P.Geo., Principal and Consultant of APEX will oversee Thunderstruck’s exploration programs, with an initial focus on the Rama Creek copper porphyry and Liwa Creek epithermal gold project.
“We’re excited that focused exploration has now begun on these high potential exploration targets that have been relatively unexplored for over forty years”, stated Bryce Bradley, President and CEO.
EXPLORATION UPDATE
The Company has received partial analytical results for 110 stream sediment geochemical samples collected from its Rama Creek porphyry copper-gold (Cu-Au) prospect during May 2017 (Phase 1). Sampling at Rama Creek was designed to follow-up and provide confirmation of historic copper and gold in stream and auger soil anomalies discovered in headwaters of Rama Creek. Historic 1974 diamond drilling reported by Anglo American at Rama Creek targeted a magnetic high geophysical anomaly and intersected significant porphyry copper mineralization, with vertical drill hole “DDH1” returning a 244 metre interval between depths of 6 and 250 metres averaging 0.22% Cu and ending in mineralization. Given the limited historic diamond drilling the true width of this interval is not known.
Rama Creek stream sediment samples were submitted to Australian Laboratory Services Pty. Ltd (ALS) labs Brisbane for Bulk Leach Extractable Gold (BLEG) determination of gold, silver and copper. Selected samples were also submitted for multi-element geochemical analysis by Inductively Coupled Mass Emission Spectroscopy (ICP-ES). The Company will release the results of sampling at Rama Creek pending receipt of outstanding geochemical results.
The Company has initiated Phase 2 exploration at Rama Creek comprising the collection of “ridge and spur” auger soil and follow-up stream sediment geochemical sampling and prospecting designed to continue to follow-up and define historic Cu-Au geochemical anomalies at Rama Creek.
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company with highly prospective VMS and precious metals projects in Fiji. 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”.
Qualified Person Statement
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd., is a qualified person for the project as defined by National Instrument 43-101. Mr. Raffle has reviewed the technical content of this news release.
For additional information, please contact:
Bryce Bradley, President, Chief Executive Officer and Director
Telephone: (604) 349-8119
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.