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
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
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.