Thunderstruck Mobilizing Drills to Liwa Creek Gold Property and Provides Corporate Update
Thunderstruck Mobilizing Drills to Liwa Creek
Gold Property and Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Thunderstruck Resources Ltd.
(TSXV: AWE) (OTC: THURF ("Thunderstruck" or the "Company") is pleased to announce that it has
completed road construction to Liwa Creek and will be mobilizing drills next week to begin its maiden
drill program.
"We are very excited to shortly begin drilling at Liwa and I am pleased to have relocated to Fiji to
oversee this exciting new phase of the company's life cycle." commented Thunderstruck CEO Bryce
Bradley. "The team has been working hard to clear over 15km of access roads to construct drill pads
and get the drills to site, meaning news flow will be plentiful in the leadup to the new year and beyond,"
she continued.
Liwa Creek Gold features five high grade gold prospects which have been identified over an
approximately 3km northeast-southwest oriented structural corridor. This campaign marks the first time
that Liwa Creek gold prospect has been drilled following up on surface samples as high as
55g/t Au,
1205g/t Ag
and trenching of
1.2g/t over 26.5m
.
Despite Fiji's borders being closed, Ms. Bradley was given approval to enter on October 17, 2020
through a travel exemption under the Significant Economic Value category given by Fiji's COVID Risk
Mitigation Taskforce, as mineral exploration is deemed an essential service.
She is currently completing
a 14-day COVID-19 quarantine period, held in a military guarded government facility.
The sanctioned
quarantine is in accordance with Fijian government policy and is expected to end on October 31, 2020.
Due to these stringent entrance requirements, Fiji has been able to eradicate COVID and as such, does
not need to adhere to social distancing and mask protocols.
To aid in the Company's expansive exploration programs, Thunderstruck would like to welcome Prinas
Chand, a Fijian National with in-country experience managing a range of activities including core
logging, mapping, sampling, data analytics, digitization and geological interpretation.
"We're very pleased to have Ms. Chand join the Thunderstruck exploration team." stated Bradley, "We
have always been of the mindset that having local Fijian geologists, like Ms. Chand, will be key to
making new in-country discoveries and in turn the prolonged success of the company.
We fully believe in
the vast opportunity that is Fiji and remain of the mindset that we have merely scratched the surface
when it comes to its potential."
Further, the Company continues to evaluate additional portfolio acquisitions in Fiji as it looks to show the
district scale potential of the island.
The Company will update shareholders when and if discussions and
review processes culminate into concrete agreements.
Lastly, the Company will be hosting its AGM virtually on Tuesday, November 10
th
, 2020.
You can join by
using the link
here
.
About Fiji
Viti Levu, the main island of Fiji, has a long mining history. It is on the prolific Pacific Ring of Fire, a trend
that has produced numerous large deposits, including Porgera, Lihir and Grasberg. The island of Viti
Levu hosts Namosi, held by a joint venture between Newcrest and Mitsubishi. Newcrest published
Proven and Probable Reserves for Namosi of 1.3 billion tonnes at 0.37% Cu and 0.12 g/t Au (5.2M
ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the
permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of
1.1 million tonnes at 8.17 g/t Au (294,000 ounces Au), and Inferred Resources of 1.3 million tonnes at
10.6 g/t Au (445,000 ounces Au). The Vatukoula Gold Mine has been operating for 80 years, producing
in excess of 7 million ounces.
About Thunderstruck Resources
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 VMS,
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".
For additional information, please contact:
Rob Christl, Investor Relations
Email:
P: 778 840-7180
or, visit our website:
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/67002