Thunderstruck Mobilizes Crews to Liwa Creek
October 24, 2017 (Source) — Thunderstruck Resources Ltd. (TSXV: AWE) (“Thunderstruck”). In addition to its ongoing, previously announced exploration program on the Rama Creek copper/gold prospect (see September 27, 2017), the Company is pleased to announce mobilization of exploration crews to its Liwa Creek gold prospect, Viti Levu, Fiji.
The 2017 Liwa Creek prospect exploration will initially comprise ridge and spur auger soil geochemical sampling designed to test along-strike potential of the Liwa Creek and Jensen’s Prospect gold zones together with trenching of the lodes, which returned historic surface trench assays of 1.9 g/t Au over 15m and 5.7 g/t Au over 7m, respectively. Concurrent with auger soils, Thunderstruck crews will collect approximately 55 bulk cyanide leach extractable gold (BLEG) stream sediment sampling and detailed prospecting in the Vatuvatulevu Creek area, 1 to 3km to the northeast. Historic anomalous gold values in rock float and BLEG stream sediment samples in the Vatuvatulevu Creek drainage over a wide area of approximately 150 hectares are interpreted to indicate the presence of multiple undiscovered gold sources.
As a follow-up to geochemical and detailed prospecting, Thunderstruck plans to conduct induced polarization (IP) resistivity, in addition to short wave infra-red (SWIR) Terraspec® soil surveys targeting potential hydrothermal alteration minerals associated with zones of intense silica-pyrite altered mafic volcanic rocks known to host gold mineralization at Liwa Creek.
Bryce Bradley, Thunderstruck President/CEO, states, “This exploration program was designed by the Company’s geological team and independent consultants to pinpoint optimum drill targets in this broad area of historic gold results. We anticipate that we’ll be able address these targets with a focused drill program following the rainy-season break.”
Thunderstruck management believes the Liwa Creek prospect has excellent potential for expansion of historically reported gold zones at the Liwa and Jensen’s prospects; as well as for the discovery of additional mineralization through follow-up of gold in rock float anomalies in the Vatuvatulevu Creek drainage.
About Liwa Creek
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Gold bearing float assaying 8.4 g/t Au was discovered at Liwa Creek in the 1970s by Amoco Minerals. Subsequent exploration by Geopacific Limited (Geopacific) discovered the interpreted source 700m west upstream. Geologic mapping by Geopacific defined a north-south trending, 90m wide zone of silica-pyrite altered mafic volcanic rocks over a 300m strike length and approximate 100m vertical extent. Hand trenching by Geopacific (1989) adjacent to Liwa Creek returned intersections including 1.9 g/t Au over 15m and 2.0 g/t Au over 5.5m. The relationship of trenched intervals to the true width of mineralization is not known; however, mineralization at Liwa Creek is interpreted to be steeply dipping to near vertical in orientation.
Later work by Aljen Pacific Limited (Aljen) resulted in the discovery of additional outcropping gold zones 600m to 800m to the east on Wainamoli Creek, including trench samples returning 5.7 g/t Au over 7m, and an outcrop of galena-rich quartz veining where 11 rock grab samples returned assays ranging from 1.6 to 26.7 g/t Au, with anomalous Cu, Pb and Zn values (Jensen’s Prospect). The relationship of the trenched intervals to the true width of mineralization is not known.
Additional mineralization occurs as float samples within Vatuvatulevu Creek drainage 1 to 3 km northeast of the Liwa Creek Prospect including: one sample returning 11 g/t Au and 110 g/t Ag; one sample returning 3.2 g/t Au and 16.7 g/t Ag; four samples ranging from 0.32 to 0.77 g/t Au; and one outcrop sample returning 0.9 g/t Au and 94 g/t Ag (Siga’s prospect).
About Thunderstruck Resources
Thunderstruck Resources is a Canadian mineral exploration company with highly prospective VMS and Precious Metals projects in Fiji. 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”.
Qualified Person Statement
Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, is a qualified person for the project as defined by National Instrument NI 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Liwa Creek Prospect.
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.
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