Third Quarter Activity Report
Perth, July 31, 2018 AEST (ABN Newswire) - Thundelarra Ltd (
ASX:THX) (TLXPF:OTCMKTS) provides the Company's Third Quarter Activity & Cashflow Report.
HIGHLIGHTS
WESTERN AUSTRALIA
- Garden Gully Gold Project, Murchison Region (THX 100%)
o Air Core ("AC") drilling programme: 14,025m drilled in 274 holes
o Young, Lydia, Leanne, Ardeal and Transylvania prospects tested
o New zones of gold mineralisation identified, notably at Young prospect
o Native gold panned from 16-17m
o Picture at left (scale bar in mms) (see link below)
o Hole TGGAC181
o Supergene gold mineralisation
o 150m WSW of old diggings
o Multiple follow-up targets found
o Sub-Audio Magnetics "SAM" surveying proving effective at locating sub-surface structures
o Significant new intersections (reported 28 June 2018):
-- 5m at 6.9 gpt Au from 14m in TGGAC181 (at Young);
-- 5m at 7.1 gpt Au from 36m in TGGAC151 (at Lydia);
-- 5m at 4.0 gpt Au from 60m in TGGAC152 (at Lydia).
CORPORATE
- Cash position at 30 June 2018 (excluding equity investments): $2.1 million
- Current marked to market value of equity investments: $0.3 million
SUBSEQUENT EVENTS SINCE 30 JUNE
- Crown Prince results reported on 24 July 2018. New intercepts included:
o 3.25m at 18.5 gpt Au from 107m in TGGRCDD142
o 11m at 4.9 gpt Au from 42m in TGGRC153
o 6m at 4.0 gpt Au from 37m in TGGRC151
- PoW lodged by W Richmond for follow-up drill testing at Red Bore
To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/98TM8X38
About Ora Gold Ltd
Ora Gold Ltd (ASX:OAU) is an ASX-listed company exploring and conducting pre-production activities on its Abbotts and Garden Gully tenements near Meekatharra, Western Australia. The near-term focus is of low cost development of its already identified shallow mineralisation, while investigating the potential extensions for larger deposits.
| ||
|
