- Exploration is underway at Thunderstruck’s (AWE) Liwa gold/silver prospect in Fiji
- The program will consist of drilling, gridded geochemical sampling, and reconnaissance mapping and sampling
- Drilling will focus on the main prospect areas: Jensen’s, Liwa Ridge, Lower Vatuvatulevu and Gun
- Thunderstruck Resources is a Canadian mineral exploration company focused on highly prospective properties in Fiji
- Thunderstruck Resources Ltd. (AWE) is currently trading at C$0.065 per share
Thunderstruck Resources (AWE) is pleased to announce that exploration is underway at its Liwa gold/silver prospect in Fiji.
The exploration includes mapping, sampling and a drill program.
CEO/President Bryce Bradley commented on the news.
“We have spent nearly three years to prepare the Liwa gold/silver asset for drilling and have delineated four initial targets spanning three kilometers of this extensive geological system. The entire team is delighted to begin testing this prospect which has produced some exceptional gold and silver grades at surface.”
The program will consist of drilling, gridded geochemical sampling, and reconnaissance mapping and sampling to the north and south of known prospects. (See Figure 1)
Drilling will focus on the main prospect areas: Jensen’s, Liwa Ridge, Lower Vatuvatulevu and Gun.
The purpose of the campaign is to investigate the geophysical anomalies discovered previously and to develop a subsurface understanding of the mineralized zones.
Core from the 2020 drilling campaign at Jensen’s has been logged and is being cut for assay submission to ALS Australia. This includes 14m of intervals showing sulphide mineralization.
Jensen’s prospect was the property’s discovery outcrop and will be the first drill target in 2021. Breccias at surface have returned gold grades as high as 55.2 g/t gold. Results from the Induced Polarization (IP) survey conducted in 2018/2019 will be investigated by this season’s drilling campaign.
Similarly, the Liwa Ridge prospect also showed a strong association between surface mineralization and geophysical anomalies at depth. Mineralization in these zones has yielded grades of up to 375 g/t silver and 8.5 g/t gold.
Lower Vatuvatulevu and Gun are equally exciting prospects with great potential. Rock samples from the former have returned assays of up to 41.6 g/t gold and 1,205 g/t silver, whilst breccias at Gun have shown intense sulphide mineralization associated with 0.45 g/t gold in rock samples and strong soil geochemical signatures.
The team at Liwa has completed 400 of the 1,400 geochemical samples planned for 2021. Soil samples are being taken on a hybrid 20 x 100 / 20 x 200 grid, as well as along selected, accessible ridgelines. The purpose of the soil sample campaign is to develop an understanding of geochemical signatures associated with mineralization, as well as to develop new prospects along-strike.
The program will also include reconnaissance mapping and sampling to the north and south of the known targets, with the goal of investigating potential extensions of these along-strike.
Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and highly prospective properties in Fiji. 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 Resources Ltd. (AWE) is currently trading at C$0.065 per share.