Thundelarra Exploration Ltd (ASX: THX) is an established Australian resources company primarily focused on uranium exploration and development in the Northern Territory.
The Company holds dominant tenement positions in the Pine Creek and the Ngalia Basin uranium provinces with a total area in excess of 6,000 sq kms. Thundelarra has achieved significant exploration success on its Northern Territory properties, particularly in the Pine Creek region where several new uranium occurrences have been identified, including the Thunderball prospect where drilling has delivered a number of very high grade uranium intercepts.
Thundelarra Exploration in trading halt pending Red Bore announcement
29th Jul 2010, 9:27 am
Thundelarra Exploration (ASX: THX) has requested a trading halt pending release of an announcement about drilling at the company's Red Bore project.
The halt will last until an announcement is made or commencement of trading on Monday 2nd August, 2010.
On 26 July Thundelarra Exploration commenced reverse circulation (RC) drilling at the Red Bore copper-gold project in Western Australia, situated on mining lease M52/597, 500 metres east of Sandfire Resources' (ASX: SFR) DeGrussa discovery.
Thundelarra has the right to earn a 60% interest in M52/597. Historic shallow drilling beneath a base metals gossan at Red Bore produced several significant copper-gold intercepts within 30 metres of the surface, including 7.0 metres assaying 7.25% copper and 1.09g/t gold.
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