viewOra Gold Ltd

Thundelarra Exploration intersects 42m at 611ppm U3O8 at Allamber Project


Thundelarra Exploration (ASX: THX) has intersected significant uranium mineralisation over extensive widths from drilling at its 100% owned Allamber Project in the Northern Territory.

Highlights include:

– 38 metres at 527 parts per million (ppm) uranium (U3o8) including 9 metres at 1,457 ppm U3O8;
– 42 metres at 611 ppm U3O8 including 8 metres at 1,579 ppm U3O8; and
– 21 metres at 682 ppm U3O8 including 9 metres at 1,055 ppm U3O8.

Mineralisation remains open along strike and down dip and extensive zones of highly anomalous copper also present.

A four hole, 583 metre reverse circulation drilling program was conducted at the Cliff South Prospect to follow up significant uranium intercepts from holes drilled during the 2010 field season.

Two additional holes were also drilled at the Lucas Prospect, located 350 metres south west of Cliff South. Both holes returned significant uranium mineralisation ands now required to improve understanding of the extent and attitude of this mineralisation.

All six holes drilled at the Cliff South and Lucas Prospects also intersected zones of highly anomalous copper.

Copper results from the recent drilling programs at Allamber will be compiled and reported upon receipt of final assays for the second phase of drilling at the Hatrick Prospect. The company hopes to receive these within a fortnight.

Initial assay results from drilling at the Priscilla Gold Prospect are also expected to be available in the near term, with assays from drilling currently underway at the Pyramid Base Metals Project likely to be received early in the new year.

Quick facts: Ora Gold Ltd

Price: 0.011 AUD

Market: ASX
Market Cap: $7.11 m

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