Thundelarra Ltd (ASX:THX) Third Quarter Activity Report

Thundelarra Ltd (ASX:THX) (OTCMKTS:TLXPF) 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.

 

Related Companies

Ora Gold Ltd