Business
Thunderstruck Drills 13.8% Zinc, 2.94% Copper Over 11 Metres At Its Korokayiu Copper-Zinc VMS Prospect
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Thunderstruck Resources ...
About this update from Thunderstruck Resources Ltd.
[{"type":"text","content":"Thunderstruck Drills 13.8% Zinc, 2.94% Copper Over 11 Metres At Its Korokayiu Copper-Zinc VMS ProspectResults Prompt Company to Increase Land Position From 30 to 136 Square KilometresVancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (The \"Company\") is pleased to report significant assay results for the remaining diamond drill holes completed during 2019 on its Korokayiu Joint Venture zinc-copper VMS prospect. Based on the strength of these and previously reported 2019 drill results, together with other recent results from the project, the JV has applied to increase the tenement holdings by over 350%. Arrangements are underway to begin the next phase of drilling, which will be focused on scouting holes and completely funded by the JV partner.HighlightsDrill hole WLK17 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. The hole was collared 80 metres east along strike from the Korokayiu VMS Discovery Outcrop to infill and verify historical drill intercepts reported by Anglo Pacific Prospecting Ltd. (\"Anglo\") in the 1970s.Drill hole WLK16A, collared 120 metres south of WLK17, intersected 21.6% Zn, 2.0% Cu, 81 g/t Ag, and 0.42 g/t Au over a drill core interval of 2.77 metres.These highly encouraging results greatly elevate the potential of the eight additional, underexplored zinc-copper VMS prospects along 15 kilometres of prospective geologic trend.As VMS deposits commonly occur in clusters, the JV has applied to increase the tenement from 30 sq kms to 136 sq kms to adequately bracket the district. Bryce Bradley, Thunderstruck's President/CEO, stated \"Zinc grades have increased 2.5 times for two of our modern diamond drill holes versus the historically reported Anglo drill intercepts. Our current drilling program has also shown a sizable increase in copper, gold and silver grades relative to historical data. We are now in the process of securing a rig capable of testing these showings further down dip as well as continuing to test them laterally. This next phase of scouting holes will help to give size and direction beyond the historical discovery. And since the Korokayiu program is fully funded, it gives Thunderstruck the opportunity to advance its efforts on ...