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Thundelarra Moves To 100% Ownership Of Allamber Tenements

Thundelarra (ASX: THX) now has full control of the Allamber Project area in the Northern Territory after acquiring two key Exploration Licences for $55,000.

The consideration was 1 million shares priced at $0.055 each.

Allamber is 180 kilometres south-east of Darwin and is part of the Pine Creek Orogen. It contains a number of prospects that could present substantial follow-up targets.

The acquisition of 100% of EL10043 and EL10167 consolidates its ownership of the various tenements that make up the project.

These licences, one of which is central to the Ox-Eyed Herring and Tarpon prospects, had previously been the subject of an option agreement between Thundelarra and the then owners of the leases, a syndicate of experienced prospectors.

Chairman Phil Crabb said: "This acquisition completes a two-year process to bring all the Allamber tenements under one roof and so simplify administration and our exploration plans for the project.

"We are convinced that Allamber has the potential to add to the positive news currently being generated at Red Bore and we are in the process of planning further exploration programs at a number of the exciting targets we have here."

Thundelarra had in January announced that drilling at Allamber had intersected more copper and tungsten mineralisation including 33 metres at 0.74% copper from 4 metres at the Catfish Prospect and 21 metres at 0.05% copper and 2,499ppm tungsten from 25 metres at Nipper.

This also extended copper mineralisation at the Ox-Eyed Herring prospect with intersects of 4 metres at 1.04% copper from 91 metres and 4 metres at 0.94% copper from 70 metres.

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