- Thunderstruck Resources (AWE) plans 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 third quarter of 2022
- The company has outlined a seven-hole drill program designed to test the validity at depth of geophysical anomalies corresponding with 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
- Thunderstruck Resources is a Canadian mineral exploration company
- Thunderstruck Resources Ltd. (AWE) remained unchanged at $0.075 at 1:01 PM ET
Thunderstruck Resources Limited (AWE) plans 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 early in the third quarter of 2022.
The company has outlined a seven-hole drill program designed to test the validity at the 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, which has been designed to most accurately test the significant surface geochemical and sub-surface geophysical anomalies that have made Liwa such an exciting prospect,” stated 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,” she added.
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 outcroppings, gold-bearing hydrothermal breccia areas at Liwa, including Liwa Ridge, Jensen’s, Vatuvatulevu (Vatu) and Gun.
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.
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.
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.
Thunderstruck Resources Ltd. (AWE) remained unchanged at $0.075 at 1:01 PM ET.