News Releases
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2021) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company") wishes to announce a non-brokered private placement (the "Placement") to raise up to CDN$750,000.00 for the expanded 2021 drilling and exploration program at our 100% owned Liwa gold and silver prospect in Fiji. The Placement involves the sale of up to 12,500,000 units at a price of $0.06 per unit. Each unit will comprise one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase a further common share at a price of $0.15 per share for a period of 36 months. The warrants will be subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds $0.25 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. Finder's fees may be payable on all or any portion of the Placement, which is subject to regulatory approval, including the approval of the TSX Venture Exchange.
"Drilling is underway at our Liwa gold/silver prospect, and the first core has been sent for assay," stated Thunderstruck's President/CEO Bryce Bradley, "Concurrently we're conducting a rock and soil sampling program that will further determine the size and depth of this high-grade precious metals asset. Past sampling programs show a 3km strike length, and the team is working diligently to test these targets at depth."
The company will also be extending the expiry date of an aggregate of 2,201,835 outstanding share purchase warrants by two years. 1,250,000 warrants were originally issued on October 9, 2018 with an original expiry date of October 9, 2021 and the remaining 951,835 warrants were originally issued on November 9, 2018 with an original expiry date of November 9, 2021. The new expiry date will be on October 9, 2023 and November 9, 2023 respectively. The warrants continue to be exercised at their original exercise price of $0.15. The amendment to the terms of the warrants is subject to TSX Venture Exchange approval.
About Fiji
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 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% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.00 million tonnes at 8.48 g/t Au (274,600 ounces Au), and Inferred Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au lower cutoff. The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.
About Thunderstruck Resources
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. 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 trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."
For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email:
P: 778 840-7180
or, visit our website: http://www.thunderstruck.ca
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97017.
Drill Core Being Prepared for Assay
Vancouver, British Columbia--(Newsfile Corp. - August 30, 2021) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The "Company") is pleased to announce that exploration is underway at our Liwa gold/silver prospect in Fiji. This will include mapping, sampling and a drill program.
CEO/President Bryce Bradley states "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 detailed map in this release.)
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. The Induced Polarization (IP) survey conducted in 2018/2019 showed strong signs of a geophysical anomaly coincident with the mineralized zones seen at surface. It detected these anomalies to a depth of at least 300m and 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 have 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.
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2901/94860_ac076c9a3481296c_002full.jpg.
About Fiji
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 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% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.00 million tonnes at 8.48 g/t Au (274,600 ounces Au), and Inferred Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au lower cutoff. The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.
About Thunderstruck Resources
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. 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 trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."
For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email:
P: 778 840-7180
or, visit our website: http://www.thunderstruck.ca
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94860.
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2021) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC Pink: THURF) ("Thunderstruck" or the "Company") is pleased to announce that it has initiated a comprehensive and expanded exploration program on its 100% owned Liwa gold/silver prospect in Fiji.
"The Liwa prospect is extremely exciting, with four major, coincident geochemical/geophysical anomalies extending over a three-kilometer strike length and featuring high-grade gold sampling results," noted Thunderstruck Chairman, Brien Lundin. "We've been biting at the bit to drill these targets, and look forward to what we'll find at depth on these anomalies."
The 2021 program includes mapping, geochemistry and a drilling campaign as detailed below.
Drilling
1,500 meters of drilling is proposed for the 2021 season, across the four known targets. Drilling at the Jensen's and Liwa Ridge targets is to begin concurrently with a new sampling campaign focused on both existing prospects and prospective areas.
Orientation Survey
The orientation survey will consist of a series of sample stations over the known body of mineralization at the Liwa Ridge target, generating a better understanding of how anomalies related to mineralization are detected by different sampling techniques / methodologies.
Grid Sampling
Two 20m x 100m grids are proposed for the property. The first will encompass the proximal regions of the Liwa Ridge, Jensen's and Vatuvatulevu targets, whilst the second will focus on the Gun target in the north east.
These grids will be supported by more widely-spaced sample lines on the peripheries of the targets.
Reconnaissance Sampling
A continuation of the historically successful ridge and spur sampling campaign is planned in the southern and northern areas of the prospect. This will be accompanied by stream sediment and channel sampling at key points.
Mapping
Three main areas have been recommended for further mapping in order to extend the known target structures and potentially add new ones:
- Upstream of Liwa Creek
- Upstream of Vatuvatulevu Creek
- Northern areas of the prospect along Matacile Creek and the Navua River
Geochemistry
A review of the existing geochemical data is being undertaken with emphasis on historic rock samples. This review will attempt to geochemically vector the hydrothermal alteration and enhance the interpretation of alteration facies previously derived from mineral assemblages (See: https://www.thunderstruck.ca/index.php/news/2019/127-thunderstruck-samples-41-6-g-t-au-and-1-205-g-t-ag-at-liwa-creek-announces-results-from-academic-studies) .
Figure 1
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2901/90973_6092c8d2243efae0_001full.jpg
About Fiji
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 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% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.1 million tonnes at 8.17 g/t Au (294,000 ounces Au), and Inferred Resources of 1.3 million tonnes at 10.6 g/t Au (445,000 ounces Au). The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.
About Thunderstruck Resources
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 VMS, copper and precious metals mineralization. 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 trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF".
For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email:
P: 778 840-7180
or, visit our website: http://www.thunderstruck.ca
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90973
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2021) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) ("Thunderstruck" or the "Company") is pleased to announce that it is in the final planning stages of an extensive exploration program on its Liwa Creek gold/silver prospect on Viti Levu, the main island of Fiji. The proposed program will be supervised by Oliver Victor, who completed his Master of Science degree on The Geology, Alteration and Mineralisation of the Liwa Creek Epithermal System, Fiji at the University of Exeter. (See October 11, 2019 press release)
"It's not very often in our industry that you are able to hire a professional so well suited to a specific project. We can't wait to have Oliver arrive this Saturday, quarantine, and begin his work at Liwa thereafter," commented Thunderstruck President and CEO, Bryce Bradley. "Our long anticipated Liwa gold/silver exploration campaign is about to begin, and we are looking forward to results from our maiden drill program on this exciting prospect."
Mr. Victor will be leading the team at Liwa, planning and executing the 2021 program, which will include mapping, rock/soil geochemistry and drilling. (See December 11, 2020 press release). The team has recently completed 13 km of road-clearing with a final two kilometers remaining to reach the Liwa camp.
Details of the Company's expanded program at Liwa will be outlined in more detail once Mr. Victor has settled in country over the coming week.
Other Corporate Updates
The soil sampling program on the Korokayiu VMS project, being explored in partnership with the Japan Oil, Gas and Metals National Corporation (JOGMEC), is on schedule, the results of which will determine Phase 2 of the exploration program.
About Fiji
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 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% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.00 million tonnes at 8.48 g/t Au (274,600 ounces Au), and Inferred Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au lower cutoff. The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.
About Thunderstruck Resources
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. 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 trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF."
For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email:
P: 778 840-7180
or, visit our website: http://www.thunderstruck.ca
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90324
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2021) - Thunderstruck Resources Ltd. (TSXV: AWE) is pleased to announce the commencement of Phase 1 of its 2021 exploration program on its Korokayiu high grade zinc/copper asset in Fiji. This marks the third year of funding from joint venture partner JOGMEC (Japan, Oil, Gas and Metals National Corporation). Phase 1 will include soil sampling and geophysics over several known targets to determine Phase 2 drilling objectives.
Bryce Bradley, President and CEO of Thunderstruck Resources, commented, "Road clearance will be completed this week, and the soil sampling program will commence on Monday. We're pleased that MINDECO (Mitsui Mineral Development Engineering Co., Ltd.) will return to Fiji to execute their IP program after which time we will use geochemical and geophysical results to determine drill targets for later in the season."
SOIL AND GEOPHYSICAL SURVEYS TARGET HIGH PRIORITY ZONES
Exploration underway to identify VMS mineralization over 7.5 km along strike
The next phase of exploration includes:
- Soil sampling at high priority prospects: Kula Creek, Echo Creek, Rotorua, Nancy, Kalia, Ruve and Palu Creek (Figure 1)
- 4 line km of Induced Polarity (IP) geophysical surveys.
SOIL SAMPLING
The 2021 exploration season has begun with the start of a focused soil sampling campaign of over 1500 samples. Programs will develop a geochemical profile over approximately 7.5 km of prospective ground at Korokayiu. The study will focus on base metals associated with Volcanic Massive Sulphide (VMS) mineralization over seven presently known target areas; Kula Creek, Echo Creek, Rotorua, Nancy, Kalia, Ruve and Palu Creek (Figure 1).
Echo, Ruve and Palu Creek prospects were highlighted during recent (2019-2020) exploration seasons through drilling of the discovery outcrop and ongoing geologic mapping and geophysical efforts. They occur 500-1000 m NE along strike from the discovery zone highlighted by Drill hole WLK17; which intersected 13.8% zinc (Zn), 2.94% copper (Cu), 114 grams-per-tonne silver (g/t Ag), and 1.08 g/t gold (Au) over a drill core interval of 11 metres (Figure 2) (see press release dated January 30, 2020).
Echo Creek was also highlighted by ongoing IP surveys which identified resistivity anomalies between 300 and 700 meters NE along strike from the discovery outcrop (see press release dated April 12, 2021).
Figure 1: Location map of soil sample survey areas over high priority targets at Kula Creek, Nancy, Kalia, Rotorua, Echo Creek, Ruve Creek and Palu Creek.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2901/87601_a73a47e60419bb08_001full.jpg
At Kula, Nancy, Kalia and Rotorua prospects soil sampling programs are also underway to identify any anomalous VMS mineralization associated with the western extensions of previously identified mineralized horizons at the discovery zone (Wainaleka).
GEOPHYSICS
Following successful identification of high priority targets at Echo Creek, continued IP surveys are slated to commence mid-season by MINDECO. An additional 4 line km will be completed over the highly prospective Kula Creek and Echo Creek prospects.
Figure 2: Korokayiu WLK17 drill section.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2901/87601_a73a47e60419bb08_002full.jpg
ABOUT JOGMEC
JOGMEC (Japan Oil, Gas and Metals National Corporation) seeks to ensure a stable supply of metal resources that are indispensable for Japanese industries. To achieve that objective, they contribute financial and technical resources to exploration, development, production and other measures intended to provide a long-term supply of key metals.
ABOUT MINDECO
Mitsui Mineral Development Engineering Co. Ltd. (MINDECO)
MINDECO provides comprehensive mineral exploration services covering geological, geochemical, and geophysical surveys and drilling for natural resources. Through private sector and international cooperative projects, MINDECO has been involved with the surveying and development of non-ferrous metal and water resources in Japan, Central and South America, Southeast and Central Asia, and numerous African countries.
Utilizing their years of experience and expertise in resource projects, MINDECO provides advice for formulating mining promotion measures, proposals for mining master plans, and support for mining promotion that gives appropriate consideration to the environment.
ABOUT FIJI
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 deposits, including Porgera, Lihir and Grasberg. The island of Viti Levu hosts Namosi, held by a joint venture of Newcrest, Mitsubishi and Nittetsu. Newcrest published Proven and Probable Reserves for Namosi of 1.3 billion tonnes at 0.37% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu) (please see Company's Press Release October 19, 2019). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu Project, with Indicated Resources of 1.1 million tonnes at 8.17 g/t Au (294,000 ounces Au), and Inferred Resources of 1.3 million tonnes at 10.6 g/t Au (445,000 ounces Au). The Vatukoula Gold Mine has been operating for 80 years, producing in excess of 7 million ounces.
ABOUT THUNDERSTRUCK RESOURCES
Thunderstruck Resources is a Canadian mineral exploration company that has assembled four extensive and highly prospective properties in Fiji on which recent and previous exploration has confirmed VMS, copper and precious metals mineralization. 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 trades on the Toronto Venture Exchange (TSX-V) under the symbol "AWE" and United States OTC under the symbol "THURF".
On behalf of Thunderstruck Resources Ltd.
Bryce Bradley
President/CEO, Director
For additional information, please contact:
Rob Christl, VP Business Development and Investor Relations
Email:
P: +1 778 840-7180
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". Although Thunderstruck believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Thunderstruck's management on the date the statements are made. Except as required by law, Thunderstruck undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87601