Thunderstruck Resources reports 'significant' increase in size of Rama Creek copper-gold project in Fiji

Thunderstruck Resources Ltd (TSX-V:AWE) (OTCQB:THURF) said the results of its Q3 field program has significantly increased the size of its Rama Creek copper-gold porphyry prospect in Fiji.

Rama is located some 35 kilometers west of the giant Namosi copper-gold deposits, which are at the pre-feasibility phase and operated by a joint venture between Newcrest  Mining Ltd (ASX:NCM) and Mitsubishi.

“The footprint of our porphyry target has effectively doubled to approximately 1.5 kms in diameter,” said Thunderstruck President and CEO Bryce Bradley. 

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“The results of the current program strongly suggest that the Senikura Gold Zone, which was previously interpreted as a separate and distinct gold target south of the porphyry system, is actually part of one large and well-mineralized hydrothermal system. This is a game changer as it demonstrates that Rama has potential to be a major copper-gold system.”

Recent field work at Rama included geological mapping, trenching and the collection of 287 samples. The work was focused on the previously discovered Senikura Gold Zone, located southwest of the Rama Creek Porphyry. A large and prospective area to the south is yet to be explored, the company said.

Rama is on Thunderstruck’s 148-square-kilometre Nakoro concession, which also hosts other highly prospective targets. Rama was explored by Anglo American in the 1970s, before the major pulled out of Fiji. Thunderstruck has since assembled a large property position in Fiji, including the Nakoro and Wainaleka concessions, which encompass copper-gold porphyry and epithermal gold targets, as well as two drill-identified copper-zinc VMS systems.

Rama Creek’s future takes shape

Building on earlier results, the company has quickly outlined what is shaping up as an important discovery at Rama Creek. The next phase of work will focus on additional geologic mapping and soil geochemical surveys, particularly in the developing Senikura Gold target, and an Induced Polarization (IP) geophysical survey to outline drill targets.

Viti Levu, the main island of Fiji, has a long mining history. It is on the Pacific Ring of Fire, a trend that has produced numerous large deposits, including Porgera, Lihir and Grasberg. 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% copper and 0.12 g/t of gold. Namosi is now undergoing environmental assessment as part of the permitting process.

Lion One Metals is also developing its Tuvatu Project, with indicated resources of 1.1 million tonnes at 8.17 g/t of gold or 294,000 ounces, and inferred resources of 1.3 million tonnes at 10.6 g/t of gold or 445,000 ounces of gold. 

Thunderstruck Resources is a Canadian mineral exploration company that has assembled extensive and highly prospective properties in Fiji. Rama Creek is one of four projects, each of which is being marketed as potential joint venture opportunities.

The company is based in Vancouver, British Columbia.

Reporting by Rene Pastor, contactable on [email protected]

Story by ProactiveInvestors