Thundelarra (ASX:THX) has started reverse circulation drilling at its Allamber Project at Pine Creek, Northern Territory, targeting previously identified copper and skarn-style replacement mineralisation.
The 25 hole program totalling 4,400 metres will test the Swamp Donkey, Hatrick, Nipper, Ox-Eyed Herring, Sulphur Hill and Cliff South prospects.
Allamber is located close to established infrastructure including the fully-surfaced Stuart Highway that runs through Pine Creek from Darwin to Adelaide via Alice Springs, a passenger and freight railway and a gas pipeline.
It will also evaluate the known uranium-copper mineralisation at Cliff South.
Allamber is 180 kilometres south-east of Darwin and is part of the Pine Creek Orogen. The project and offers a number of discrete prospect targets that could present substantial follow-up targets.
During the June 2014 quarter, the company completed various negotiations to consolidate all the relevant tenements at Allamber and so deliver a project area now owned 100% by Thundelarra.
Drilling had previously intersected copper and tungsten mineralisation with results 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.
It also extended copper mineralisation at the Ox-Eyed Herring prospect with intersects 4 metres at 1.04% copper from 91 metres and 4 metres at 0.94% copper from 70 metres.
In late 2011, reverse circulation drilling had returned a number of significant copper intercepts including:
- 19 metres at 1.94% copper from 43 metres downhole, including 2 metres at 6.07% copper
- 17 metres at 1.09% copper from 28 metres downhole, including 3 metres at 3.45% copper
The 25 hole, for 4,400 metres of drilling at Allamber Project in October will target previously identified copper and skarn-style replacement mineralisation as well as known uranium-copper mineralisation.
While this program is full of interest, all eyes will naturally turn to the resumption of drilling at Red Bore in November.
Red Bore is still the main priority and focus. Is Curara Well more like Doolgunna mineralisation is the question? Curara Well hosts 15km of prospective ground adjacent to the Jenkins Fault Zone and sits adjacent to DeGrussa.
So there are significant share price kickers and news flow for Thundelarra ahead for investors including:
- Red Bore follow-up drill program in November 2014: Program of Work ("PoW") submitted to Western Australia Department of Mines and Petroleum and awaiting approval;
- Allamber and Red Bore drilling and assay results in November/December 2014;
- Possible Seismic surveying over Red Bore and Curara Well projects in November/December 2014, subject to availability of seismic contractor and Thundelarra personnel if not committed to drilling programs.
Success at Red Bore would see Thundelarra "fly" again. THX is back on the "watch closely list" with this work program.
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