Thunderstruck Awards Drilling Contract Outlines Detailed, Drill-Ready Targets at Liwa
Thunderstruck Awards Drilling Contract
Outlines Detailed, Drill-Ready Targets at Liwa
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2022) -
Thunderstruck Resources
Ltd.
(TSXV: AWE) ("Thunderstruck" or the "Company") is pleased to announce its intention to drill
multiple high priority targets at its Liwa gold/silver prospect in Fiji.
With the signing of a long-term drilling
contract, drilling is set to commence in early Q3 2022. The company has outlined a seven-hole drill
program designed to test the validity at depth of geophysical anomalies corresponding with surface
mineralization.
"Our extensive, first-phase diamond drill program at Liwa this season is the culmination of years of work
and geological study. It has been designed to most accurately test the significant surface geochemical
and sub-surface geophysical anomalies that have made Liwa such an exciting prospect," noted
President/CEO Bryce Bradley. "We can't thank our new and longstanding shareholders enough for
remaining supportive through both natural disasters and the global turmoil that has lengthened this
exciting journey."
The technical team hopes to intersect the geological features representing the source of mineralization
by testing both the heart and periphery of the geophysical anomalies beneath defined surface
mineralization. Each of the seven holes will offer valuable data to direct a continuous program of drilling
with each hole more informed than the last.
Drilling has been designed to focus on four outcropping, gold-bearing hydrothermal breccia areas at
Liwa, including Liwa Ridge, Jensen's, Vatuvatulevu (Vatu) and Gun. The information below is intended to
educate and offer insight into the technical thought process behind each drill location and encourage
shareholders to be active participants as the company grows.
Proposed Diamond Drilling (LIWA)
Proposed Hole ID
Prospect
Proposed Depth
Details
Liwa 1A
Liwa Ridge
300
Testing strong surface
gold anomaly (71.3m @
0.61g/t Au) and
significant IP
geophysical anomaly
Liwa 1B
Liwa Ridge
300
Fanned drillhole using
same pad as Liwa 1A
Liwa 2
Liwa Ridge
300
Testing strong surface
gold anomaly (71.3m @
0.61g/t Au) and
significant geophysical
IP anomaly
Liwa 3
Jensen's
300
Testing the highly
prospective geology of
the discovery outcrop,
strong surface gold
anomalies and
significant geophysical
anomaly below surface
Liwa 4
Vatu
300
Testing the large zone of
geochemical and
geophysical anomalies
that has returned grades
of up to 41 g/t Au and
1205 g/t Ag
Liwa 5
Vatu
300
Liwa 6
Gun
300
Testing strong surface
geochemical anomalies
and outcrops of highly
prospective geology
Furthermore, the following images provide a topical view of each target and proposed drill hole, as well
as various sections outlining the intended at-depth targets of the campaign.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2901/121538_02c256b974d0c974_002full.jpg
Using this data, the company undertook a preliminary IP survey over each target to outline chargeable
and resistive anomalies below surface, with intriguing initial results defining multiple target areas at
similar target depths.
Figure 2
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2901/121538_02c256b974d0c974_003full.jpg
The above targeting was solidified by a property-wide 2021 soil sampling campaign at Liwa consisting
of 1,400 soil samples covering a total of 11 square km. This systematic gridded survey, as opposed to
the previous ridge-and-spur survey, confirmed priority targets and further defined the size and shape of
surface targets. The survey returned values of up to 9.62 g/t Au and 48.8 g/t silver allowing for the
following conclusions:
Liwa Ridge target continues to be the most prospective identified to date, with high-value,
continuous gold anomalies in soils.
The anomaly at Vatu has been defined as a much more north/south-orientated structure than
previous data defined, allowing for adjusted targeting for 2022 drilling.
The gridded sampling program has allowed the company to significantly develop its knowledge of
the anomaly at Gun. It is possible that the geological feature that causes this gold anomaly splits
into two or is two separate structures.
Ridge sampling in the far southern and northern areas of Liwa recognized gold anomalies that
warrant further investigation during the 2022 season.
The results reinforce the notion that there is a significant silver content in the system that will likely
play an important role in the future value of the Liwa prospect.
In addition, the company continues to systematically evaluate near-term drill targets at its Nakoro
zinc/copper prospect, Rama (copper/gold), and Korokayiu, with more information expected to be
provided in the coming months.
About Fiji
Fiji is on the Pacific Ring Of Fire, a prolific trend that has produced numerous large gold and copper
deposits, including Porgera, Lihir and Grasberg.
Viti Levu, the main island of Fiji, has a long mining history. It hosts not only the Thunderstruck tenements,
but also the following active projects:
Namosi (Copper/Gold) Newcrest published proven and probable reserves of 1.3 billion tonnes at
0.37%Cu and 0.12g/t Au (5.2M ounces Au and 4.9M tonnes Cu).
Tuvatu (Gold) Indicated Resources of 1 million tonnes at 8.48 g/t Au (274,600 ounces Au), and Inferred
Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au lower cut-off.
Vatukoula Gold Mines: Formerly known as the Emperor Gold Mine has been operating for over 80 years,
producing in excess of 7 million ounces of Au to date.
About Thunderstruck
Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and
highly prospective properties in Fiji on which recent and previous exploration has confirmed zinc, copper
and precious metals mineralization. The Company provides investors with exposure to a diverse
portfolio of exploration stage projects with potential for zinc, copper, gold and silver in a politically safe
and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the
symbol "AWE" and United States OTC under the symbol "THURF."
Qualified Person Statement
The technical information in this news release was reviewed by Peter Duerden, RPGeo, an advisor to
Thunderstruck Resources, and a qualified person as defined by National Instrument 43-101 (NI 43-101).
For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email:
P: 1-778 840-7180
http://www.thunderstruck.ca
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains certain statements that may be deemed "forward-looking statements".
Although Thunderstruck believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and
actual results may differ materially from those in forward looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the
date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to
update these forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.
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