Thunderstruck Resources confirms a number of new anomalies at its Fiji projects

Thunderstruck Resources Ltd (CVE:AWE) (OTCMKTS:THURF) announced on Tuesday that it had confirmed a number of high-priority drill targets on its exploration projects in Fiji.

The first focused geophysical surveys ever conducted on the projects revealed a number of anomalies that are characteristic of large gold-copper systems, the company said in a statement.

The results highlight the significant depth potential of gold and copper-gold mineralization zones identified by the Vancouver-based exploration company.

READ: Thunderstruck Resources to partner with Japan’s JOGMEC on Fiji property

“These results show that our Rama copper-gold porphyry target geophysical anomaly extends to a depth of at least 500 meters, far deeper than Anglo’s discovery hole in 1975, which ended in mineralization at 244 meters,” stated Bryce Bradley, Thunderstruck’s president and CEO. “A drilling program will determine the ultimate size of this exciting target.”

Anglo Pacific drilled on the Rama property in the 1970s and hit a number of highly anomalous values before the mining major pulled out of Fiji.

At Liwa Creek, the company’s other Fiji asset, results also indicated geophysical anomalies associated with widespread surface mineralization that extends at least 300 metres below each of the company’s four gold targets.

JOGMEC partnership progressing

In additional news, Thunderstruck’s new joint venture partner, Japan Oil, Gas and Metals National Corporation (JOGMEC) completed its due diligence on the Korokayiu zinc-copper project, also in Fiji.

The team has commenced re-opening of access roads and camp building to prepare for further exploration work and a planned 1,600-metre drill program.

Shares of Thunderstruck were trading at C$0.08 on Tuesday in Toronto and US$0.06 in the US.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors