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  • Thundelarra In Second Phase Drilling At Allamber, First Phase Assays Await 0 comments
    Oct 11, 2013 1:42 AM

    Thundelarra Limited (ASX:THX) has kicked off the second phase of reverse circulation drilling at its Allamber copper-base metal project in the Northern Territory as it evaluates assays from the first phase.

    The first phase assays are keenly anticipated.

    Drilling will focus primarily on three prospects the northern part of the project with additional drillholes testing another three prospects in the south.

    In addition, the assays from the first phase drilling have been received and are being evaluated. Results and conclusions will be announced next week.

    Second phase drilling

    Second phase drilling will focus on the Hatrick, Catfish / Archer Fish and Swamp Donkey prospects in the north.

    At the Hatrick prospect, three drillholes will test the disposition of the high grade copper mineralisation previously intercepted around historical workings and will investigate the possibility of a blanket of supergene copper mineralisation extending laterally.

    Another two holes will be drilled at the Catfish / Archer Fish prospect to investigate and follow up copper intercepts encountered in historical drilling programs prior to Thundelarra's involvement.

    Subject to ground access conditions, three holes are provisionally planned at the Swamp Donkey prospect to test copper anomalism identified in earlier regional work.

    Holes will also test the Nipper, Ox-Eyed Herring and Brumby Gap prospects in the south.

    At Nipper a further two holes will be added to those previously drilled in September to follow up copper, zinc, gold mineralisation previously encountered.

    The Ox-Eyed Herring and nearby Brumby Gap prospect require a further two holes to extend testing of a magnetic high and also to test copper-zinc anomalism along a gossanous ridge.

    Evaluting first phase drilling results

    Thundelarra had in August carried out drilling to test the Nipper, Ox-Eyed Herring, North Tarpon, Brumby Gap and Cliff South prospects in the southern part of the project.

    Brumby Gap tested a supergene zinc intersection at depth while massive sulphides intersected in last year's drilling were tested along strike at North Tarpon.

    Other targets included copper-gold-tungsten skarn-type mineralisation at Nipper.

    Analysis

    Assay results from phase 1 drilling are due from Allamber next week, placing Thundellara firmly back on investor's radars.

    At a market cap. of just $8M, Thundellara is leveraged to exploration results. But it is no one trick pony.

    It also has the Little Mount Isa prospect in Western Australia where it had massive sulphide drill hits.

    The next month will prove very interesting indeed for investors.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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