Thunderstruck Resources reports that drilling has started on the Liwa gold and silver project
Vancouver, British Columbia–(Newsfile Corp. – September 14, 2022) – Thunderstruck Resources Ltd. (TSXV: AWE) (“Thunderstruck” or the “Company”) is pleased to announce the recent start of the 2022 drilling program in Fiji.
“The drill is spinning!” said Bryce Bradley, President and CEO. “Nearly five decades after the discovery of these gold-silver targets, they are finally being drilled. We are delighted that the team has successfully mobilized to Liwa with a bespoke drill rig suited to Fiji’s unique terrain, and we We will work hard to complete the program and bring the tests to market.”
The company hired Valentis, a highly reputable mining exploration and drilling company from Southeast Asia, to complete this phase of drilling and train local workers in support.
Further to our press release dated April 25, 2022, the planned drill program includes five initial 1,500 meter drill holes and is designed to test several well-defined epithermal gold-silver targets extending over a strike length of three kilometers, including:
- Liwa Ridge: defined by a large zone of surface gold-silver anomalies, including 71.3 m at 0.61 g/t Au (trench) and up to 11.1 g/t Au and 109 g/t in chippings. rock with coincident resistivity and chargeability. Geophysical anomaly modeled at depth
- Vatuvatulevu: defined by a 150 meter wide zone of surface gold-silver anomalies, including up to 2.48 ppm Au in soils, 41.6 g/t Au and 1,205 g/t Ag in chippings. rock with coincident resistivity and chargeability modeled geophysical anomaly at depth
- jensen: defined by multiple zones of surface gold-silver anomalies, including 7 meters at 5.7 g/t Au (trench) and up to 55.2 g/t Au in rock chips with resistivity and chargeability coincident geophysical anomalies modeled at depth
Figure 1: Photo of an operating diamond drill rig at Vatuvatulevu Prospect, Liwa Project
Figure 2: Summary map of the Liwa project
Valentis is Southeast Asia’s leading exploration, mining services and advisory company with extensive experience and success in developing opportunities and maximizing value for local and international companies undertaking mining activities. exploration and mining in resource-rich Southeast Asia.
For more information, visit their website here.
Fiji sits on the Pacific Ring of Fire, a prolific trend that has produced many 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 buildings, 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 0.12 g/t Au (5.2 M ounces Au and 4.9 M tonnes Cu) .
Tuvatu indicated resources (gold) 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 lower cut of 3.0 g/t Au – at stoppage.
Vatukoula Gold Mines: Formerly known as the Emperor’s Gold Mine, it has been in operation for over 80 years and has produced over 7 million ounces of Au to date.
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company that has collected large and highly prospective properties in Fiji on which recent and previous exploration has confirmed zinc, copper and precious metal mineralization. The Company offers investors exposure to a diversified portfolio of exploration-stage projects with potential for zinc, copper, gold and silver in a politically secure and stable jurisdiction. Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol “AWE” and in the United States OTC under the symbol “THURF”.
Declaration of qualified person
The technical information contained in this press release has been reviewed by Peter Duerden, RPGeo, Technical Advisor to Thunderstruck Resources, and a Qualified Person as defined by National Instrument 43-101 (NI 43-101).
For more information, please contact:
Rob Christl, Vice President of Business Development and Investor Relations
Phone: 1-778 840-7180
or visit our website: http://www.thunderstruck.ca
Neither 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 press release contains certain statements that may be considered “forward-looking statements”. Although Thunderstruck believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Thunderstruck management as of 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.