First Quarter Activity Report
First Quarter Activity Report
Perth, Jan 31, 2018 AEST (ABN Newswire) - Thundelarra Ltd (ASX:THX) (OTCMKTS:TLXPF) provides the Company's first Quarter Activity & Cashflow Report.

HIGHLIGHTS

WESTERN AUSTRALIA

- Garden Gully Gold Project, Murchison Region (THX 100%)

o Phase 5 programme: 11,650m drilled in 55 holes (9,711m in 44 Reverse Circulation ("RC") holes and 1,939m in 11 Diamond Drilling ("DD") holes)

o First exploration at newly granted Crown Prince lease: high grade intercepts

o Visible free gold at 259.3m downhole shown in picture at left

o Hole TGGRCDD110

o Scale bar is in mms

o 6 occurrences observed

o Primary gold mineralisation

o Free gold also in hole TGGDD090

o Main Lode extends at least 130m vertically below historical workings

o Objective is to define maiden resources at Crown Prince and Lydia

o Bonanza gold grades (reported 12 December 2017) from TGGRCDD110:

-- 2.40m at 66.5 gAu/t from 263.40m downhole; within

-- 5.65m at 29.2 gAu/t from 260.80m downhole

CORPORATE

- Cash position at 31 December (excluding equity investments): $5.1 million

- Current marked to market value of equity investments: $0.2 million

SUBSEQUENT EVENTS SINCE 31 DECEMBER

- Lydia drilling results reported on 17 January 2018. New intercepts included:

o 11m at 2.9 gpt Au from 120m in TGGRC096

o 9m at 4.8 gpt Au from 213m in TGGRC097

o 5m at 3.1 gpt Au from 137m in TGGRC114

- 2017 Annual Report released on 22 January 2018

- Thundelarra AGM: Friday 23 February 2018, Celtic Club, West Perth.

To view the full report, please visit:
http://abnnewswire.net/lnk/5RV4A373


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.

 


Contact

Mr Tony Lofthouse
Chief Executive Officer
T: +61-8-9389-6927
E: info@thundelarra.com.au
W: www.thundelarra.com



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