Thundelarra Exploration (ASX: THX) has received a high grade assay from a six drill hole program at Thunderball Uranium Prospect.
From a diamond drilling program, Hole TPCDD006 returned 3.1 metres at 2,447 ppm U3O8 from a depth of 96 metres including 0.5 metres at 8,992 ppm U3O8 (20lb/t U3O8).
Remaining shallower holes intersected wider zones of lower grade mineralisation consistent with earlier near surface intercepts at Thunderball.
The Thunderball prospect is located approximately 50 kilometres north-west of the township of Pine Creek in the Northern Territory and is one of a number of uranium prospects within the Pine Creek Joint venture project.
From drilling to date, Thunderball has typically presented anomalous, but low grade results near surface overlying broad widths of stronger mineralisation with visible secondary uranium minerals. At depth, high grade mineralisation displaying primary uranium minerals within a well developed shear zone has been intersected.
Drilling has recommenced at Thunderball. The current drilling program will include both diamond and reverse circulation drilling to test continuity of Thunderball mineralisation along strike and down dip.
Thunderball was discovered by Thundelarra in 2008 and is one of several new uranium occurrences identified by the Company since it commenced uranium exploration in the Pine Creek region in 2007. The prospect is situated on exploration licenses EL23509 and EL23431.
Thundelarra has an option to acquire a 100% interest in EL23509 and holds a 70% interest in the uranium rights on EL23431 in joint venture with Crocodile Gold Australia Pty Ltd.
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