www.thundelarra.com
Thundelarra Exploration Ltd (ASX: THX) is an established Australian resources company primarily focused on uranium exploration and development in the Northern Territory.
The Company holds dominant tenement positions in the Pine Creek and the Ngalia Basin uranium provinces with a total area in excess of 6,000 sq kms. Thundelarra has achieved significant exploration success on its Northern Territory properties, particularly in the Pine Creek region where several new uranium occurrences have been identified, including the Thunderball prospect where drilling has delivered a number of very high grade uranium intercepts.
Thundelarra Exploration reports start of geological mapping at Spinifex JV Uranium Project
Thundelarra Exploration (ASX: THX) has reported that joint venture partner Resource Star (ASX: RSL) has commenced detailed geological mapping at the Spinifex Uranium Project in Western Australia.
The mapping is designed to confirm locations for a planned 1,000 metre diamond drilling program.
Resource Star is planning to begin a Work Clearance Survey in conjunction with the Traditional Owners shortly, to clear the proposed drilling locations.
Permits will be sought for the maiden drilling program to target the interpreted zone of fault associated unconformity, in conjunction with an application for an extension of the exploration license (E80/3572), on receipt of the Survey.
Historical key results include reported trenching up to 13.5% uranium (U3O8) and grab samples of 4.2% U3O8 at Spinifex.
Thundelarra recently identified a new zone of remobilised surface mineralisation along the unconformity at the nearby A1 prospect with a total of 4 samples reporting in excess of 0.5% U3O8 and an average for the remainder of 140 parts per million (ppm) U3O8.
Through exploration and financial commitments, Resource Star is currently earning up to 51% of the joint venture with Thundelarra at Spinifex, located about 50 kilometres south of Kununurra.
