Second Quarter Activity Report
Second Quarter Activity Report
Perth, April 24, 2018 AEST (ABN Newswire) - Thundelarra Ltd (ASX:THX) (OTCMKTS:TLXPF) provides the Company's Second Quarter Activity & Cashflow Report.

HIGHLIGHTS OF EXPLORATION ACTIVITIES

WESTERN AUSTRALIA

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

- Assays received from all Phase 5 drillholes and reported to market

- CroPwn Prince delivered new significant intersections:

o 3.5m at 7.6 gAu/t from 109m downhole in TGGRC086

o 2.6m at 7.5 gAu/t from 130m downhole in TGGRC090

o 4.0m at 16.5 gAu/t from 166m downhole in TGGRC103

- Lydia delivered new significant intersections:

o 11m at 2.9 gAu/t from 120m downhole in TGGRC096

o 9m at 4.8 gAu/t from 213m downhole in TGGRC097

o 10m at 2.6 gAu/t from 115m downhole in TGGRCDD098

- All holes intercepted gold mineralisation

- Transylvania delivered new significant intersections:

o 8m at 3.3 gAu/t from 68m downhole in TGGRC123

- Battery delivered new significant intersections:

o 4m at 2.6 gAu/t from 52m downhole in TGGRC137

- Air Core drilling programme undertaken to test for extensions of existing mineralisation and to identify new targets for follow-up

CORPORATE

- Cash position at 31 March 2018 (excluding equity investments): $3.68 million

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

SUBSEQUENT EVENTS SINCE 31 MARCH

- Phase 6 drilling underway at Crown Prince: two rigs - one RC, one DD

- Testing for extensions of high grade gold mineralisation at Main Lode

- Testing for extensions of Northern Lode mineralisation

- An AC drilling programme was completed, consisting of 274 holes for 14,025m. Samples have been submitted, results will be reported when available

To view the full report, please visit:
http://abnnewswire.net/lnk/YCZ40OY1


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
Telephone: +61-8-9389-6927
Email: info@thundelarra.com.au
Website: www.thundelarra.com



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