Business
Thunderstruck Announces $1.3 Million Exploration and Drilling Program on Its Korokayiu Zinc/Copper Project; Mobilizes Two Drill Rigs to Fiji
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2020) - Thunderstruck Resources Ltd. (...
About this update from Thunderstruck Resources Ltd.
[{"type":"text","content":"Thunderstruck Announces $1.3 Million Exploration and Drilling Program on Its Korokayiu Zinc/Copper Project; Mobilizes Two Drill Rigs to FijiVancouver, British Columbia--(Newsfile Corp. - May 21, 2020) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (\"Thunderstruck\") is pleased to announce its 2020 exploration program (the \"Program) on its Korokayiu Zinc/Copper Prospect (\"Korokayiu\") in Fiji with JV partner Japan Oil, Gas and Metals National Corporation (\"JOGMEC\"). Bryce Bradley, President and CEO of Thunderstruck Resources, commented: \"After the high-grade copper and zinc drill results from 2019, we are eager to get started on our second year of drilling with our partners at JOGMEC. Like other industries and sectors, we've experienced setbacks and delays due to the pandemic, so we're thrilled to be finally starting our 2020 exploration program. Thunderstruck is fortunate in that our exploration season in Fiji coincides with the gradual re-opening of the global economy. As of this writing, Fiji no longer has any new cases of COVID-19, so local Fijian employees are free to prepare the camp, maintain roadworks and build drill pads now throughout the month of June, with social distancing measures in place, in expectation of the full-scale commencement of the exploration program at the beginning of July, or earlier, once their borders fully re-open.\" The program over the next year includes:Geology, mapping and soil/rock geochemistry at and around the seven presently known target areas.Induced Polarization (IP) survey at Wainaleka and its extension (Kove Kove ~ Echo Creek) to fine-tune definition of drill targets. Additional IP surveys may be carried out at Kula Creek and Palu Creek depending upon results from the mapping and rock/soil geochemistry at those target areas.Drill program of at least 1500m to test lateral and depth extensions of the mineralized zone outlined by earlier drilling, consisting of at least three diamond core holes conducted on the high-gravity anomaly, with additional holes based on results from the IP survey, mapping and soil/rock geochemistry. Two or three shallow diamond holes at Wainaleka to obtain samples from the mineralized zone for processing test work in order to get a first estimate of recoverability and projected concentrate quality.Figure 1: Korokayiu joint venture property, showing...