Sunday, 31 July 2011

Thundelarra Exploration in copper gold maiden drilling near Sandfire Resources DeGrussa deposits

Thundelarra Exploration (ASX: THX) is targeting copper and gold at the strategically located Curara Well project, which is located just 2.5 kilometres from the Sandfire Resources NL’s (ASX: SFR) DeGrussa deposits.
Thundelarra said the project area has poor outcrop and has seen very little past exploration, with work carried out by the company to date locating prospective structures and prospective volcanic and epiclastic rocks displaying volcanogenic massive sulphide (VMS) style alteration.
The initial reverse circulation drilling program will comprise up to 20 holes for 2,500 metres, and has been designed to test a number of the previously identified VTEM anomalies, and the central part of the geochemical copper anomaly.
The significance for the first phase of drilling is that results will provide important geological information that will help the targeting and prioritisation of future programs.
Thundelarra added that the powerful combination of prospective structure, host rocks, conductive anomalies, copper anomalism, along with the proximity to a major deposit, rank Curara Well as a high priority target that will be a key component of the company's exploration effort over the coming year.

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