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Thunderstruck's Exploration Contract Awarded to Leading Japanese Company; Budget Increased
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - Thunderstruck Resources L...
About this update from Thunderstruck Resources Ltd.
[{"type":"text","content":"Thunderstruck's Exploration Contract Awarded to Leading Japanese Company; Budget IncreasedVancouver, British Columbia--(Newsfile Corp. - September 29, 2020) - Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) (\"Thunderstruck\" or \"the Company\") is pleased to announce that Mitsui Mineral Development Engineering Co. Ltd. (\"MINDECO\") has been chosen to lead the Company's on-going exploration program at its Korokayiu zinc/copper VMS project in Fiji. Thunderstruck undertook a review process which considered several leading Japanese companies before awarding the contract to MINDECO. MINDECO is the research and development division of Mitsui Mining and Smelting, a leading Japanese company with a 140-year history of metals mining, processing and fabrication. This new relationship with MINDECO provides the Company with a breadth of expertise ranging from mineral exploration to mine development. \"We are pleased to welcome MINDECO to our hard-working team,\" stated Bryce Bradley, Thunderstruck's President and CEO. \"With the technical expertise of MINDECO, we look forward to continuing to build on the foundation we have created at Korokayiu to further advance the asset and bring value to shareholders and the country of Fiji.\" Thunderstruck's joint venture partner Japan Oil, Gas and Metals National Corporation (JOGMEC), has increased the budget for the current phase of the exploration program from CDN$1,300,000 to $1,650,000, in part to expand the drill program. The drill program is proceeding well, with the second hole near completion.The Thunderstruck and MINDECO teams have commenced preparations for an initial 10km Induced Polarization Survey designed to delineate further drill targets. About 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, ...