Thunderstruck Resources is a Canadian mining exploration company with highly prospective Precious and Base Metals projects on the main island of Viti Levu, Fiji. The Company provides investors with exposure to a diverse portfolio of assets rich in zinc, copper, gold and silver in a politically safe and stable jurisdiction.
Fiji is located on the Pacific Ocean’s Ring of Fire which contains many of the world’s major gold and copper deposits. One of the most developed economies in the Pacific, Fiji is served by a mining-friendly government, and a reasonable royalty (5% gross profits) and tax structure (20% corporate).
Fiji is close to Asian markets and Viti Levu has excellent infrastructure including a deep water port and hydroelectric dam. There are several mining and exploration companies operating on the island.
Viti Levu, the main island of Fiji, has a long mining history. It is on the prolific Pacific Ring of Fire, a trend that has produced numerous large copper and gold deposits, including Porgera, Lihir and Grasberg.
The island of Viti Levu hosts Namosi, held by a joint venture between Newcrest and Mitsubishi. Newcrest published Proven and Probable Reserves for Namosi of 1.3 billion tonnes at 0.37% Copper and 0.12 g/t Gold (5.2M ounces Gold and 4.9M tonnes Copper).
Lion One Metals is now developing its Tuvatu Gold Project, with Indicated Resources of 1.1 million tonnes at 8.17 g/t Gold (294,000 ounces gold), and Inferred Resources of 1.3 million tonnes at 10.6 g/t Gold (445,000 ounces gold).
The Vatukoula Gold Mine has been operating for 80 years, to date producing in excess of 7 million ounces of gold.
Thunderstruck’s Fijian property portfolio is on Viti Levu, the main island of Fiji.
Thunderstruck also has the Rama project which is a large, low grade copper porphyry similar in structure to Newcrest’s adjacent Namosi copper porphyry. Namosi is in the pre-feasibility stage of production and is located 20km from Rama.
The Company’s fourth property is Nakoro, a copper-zinc VMS prospect with high-grade copper and zinc intercepts from historical drilling. Nakoro is hosted within the same geologic units as Thunderstruck’s highly prospective Korokayiu VMS prospect.
Thunderstruck trades on the Toronto Venture Exchange (TSX-V) under the symbol “AWE”, and on the (OTC) under symbol "THURF".