OAU - Ora Gold

[panikhide]

Re: THX - Thundelarra Exploration

Ann out today re drilling results.

http://asx.com.au/asxpdf/20100802/pdf/31rp0lgq2g4vnt.pdf

Looks positive. Trading halt just been lifted.

Last trade was 0.670. Opened today at 0.905.

 

[happytown]

Re: THX - Thundelarra Exploration

one or two interesting grades intersected from the first 10 holes

18m @ 8.37% Cu from 29m - nice!

however, these are on-the-ground hand-held xrf results, not lab results

provided the XRF has been calibrated properly and the user is competent it is nonetheless a nice start to the the current drilling program

[there was another asx-listed co that recorded xrf results of 19-20% P2O5 from their drilling, only to have the lab come back with 0.001% P205 results, due to the operators utter incompetence with calibration and use of said hand-held xrf]

 

[panikhide]

Re: THX - Thundelarra Exploration

one or two interesting grades intersected from the first 10 holes

18m @ 8.37% Cu from 29m - nice!

however, these are on-the-ground hand-held xrf results, not lab results

provided the XRF has been calibrated properly and the user is competent it is nonetheless a nice start to the the current drilling program

[there was another asx-listed co that recorded xrf results of 19-20% P2O5 from their drilling, only to have the lab come back with 0.001% P205 results, due to the operators utter incompetence with calibration and use of said hand-held xrf]

Geez, happytown. That's a bit of a worst case scenario isn't it. I love the volatility of these situations. THX has been swinging between 77ish cents and close to $1 since the announcement. I'd be keen to see where it trades after the results are (hopefully) confirmed.

 

[happytown]

Re: THX - Thundelarra Exploration

assay results back from lab couple of days ago for first 8 holes at red bore

results incl:

17m @ 11.71% Cu, 1.73 g/t Au, 12.85 g/t Ag from 29m [incls 7m @ 21.15% Cu, 2.3 g/t Au, 23.57 g/t Ag]

2m @ 5.31% Cu, 1.05 g/t Au, 7.75 g/t Ag from 31m

8m @ 3.41% Cu from 72m

1m @ 2.58% Cu from 66m

3m @ 2.48% Cu from 13m

nice intersections and some at decent shallow depth

more results due from other holes currently underway

these would be close to the best, if not the best, Cu intersections from any of those afflicted with nearology to sfr's doolgunna

 

[happytown]

Re: THX - Thundelarra Exploration

the impressive U308 intersections continue

from thunderball

15m @ 8,633ppm U308 from 135m [incl 1.0m @ 11.3% U308]
7.85m @ 5,901ppm U308 from 150.4m [incl 1.0m @ 2.5% U308]
3.25m @ 3,265ppm U308 from 118.75m
3.1m @ 1,846ppm U308 from 94m

from Bella Rose

2.0m @ 3,835ppm U308 from 81m
6.0m @ 1,415ppm U308 from 80m

further drilling to commence here in October

 

[happytown]

Re: THX - Thundelarra Exploration

thundelarra ann'd second phase of drilling underway at red bore, following on from recent results incl 17m @ 11.71% Cu from 29m

12 RC holes for 2,00m, results expected within 6 weeks

ip survey also being undertaken to determine targets at depth, which will be followed up by likely diamond core drilling program towards end of year

these rapid drilling programs will enable thx to earn 60% of red bore (they also have 100% of nearby tenement - red bore is the closest tenement to sfr's doolgunna cu resource)

thx has previously stated they may hive off their non-u308 projects into separate entities (with possible in-specie distribution)

 

[happytown]

Re: THX - Thundelarra Exploration

thx should have finished its recent drilling program at red bore, 12 rc holes for 2,000m

results exepcted in 3-4 weeks

red bore has provided the best cu intersections of any of the sfr wannabees, recent hole intersected 17m @ 11.71% Cu from 29m

sfrs's de grussa and conductors cu interesctions have been at significantly greater depth

ip survey to be undertaken shortly will determine potentiality of targets at depth (similar to de grussa/conductor depths)

 

[happytown]

Re: THX - Thundelarra Exploration

thx ann'd today they have exercised the red bore option (60%)

current drilling program at red bore hampered by delays, will now be completed in approx 1 week, with assay results due 3-4 weeks after that

 

[happytown]

Re: THX - Thundelarra Exploration

2nd phase of drilling at red bore (a mere 500m from sfr's de grussa deposit) completed - 12 rc holes for approx 2,000m

results expected in approx 3 weeks

1st phase drilling results incl 17m @ 11.71% Cu, 1.73 g/t Au, 12.85 g/t Ag from 29m

2nd phase drilling incl 3 holes testing for down plunge extensions to the above mineralisation, with the remaining 9 holes testing 6 prospective gravity and magnetic targets on the red bore tenement - incl the nw gossan 250m south of SFR's conductor 5 deposit

ip survey currently underway on portions of the red bore tenement

a third and more significant 3rd phase drilling program at red bore is anticipated to commence in dec 2010

at the curra well tenement (100%, adjoins the nothern border of sfr's de grussa tenement), soil geochem sampling was undertaken during sep qtr at geochem anomaly 1 (400m wide cu-soil anomaly), results expected soon

$19.2M in bank, $1.9M expenditure this qtr ($1.5M in expl)

 

[Investment man]

Re: THX - Thundelarra Exploration

I see Thundelarra Has had its second phase results of the red bore drilling. There has been very little market response to this news feed. It would be interesting to here what investors interpretation of this news feed is?

 

[Investment man]

Re: THX - Thundelarra Exploration

Wow I cant believe this! 4 Positive News story's in the last 20 days:

29/10/2010: Extensive Uranium Mineralisation Defined at Ngalia
08/11/2010: Drill Data Received for Red Bore
10/11/2010: New Uranium PGE Gold Discoveries at Hayes Creek
12/11/2010: New Red Bore Geophysical Anomalies


And no Market response, Share price is hovering between 60-70 cents can somebody please explain to me why the market has not recognised this ? (Am I missing a vital flaw with this company?) What will make this share increase? JORC Resources Reports and Greater Market Interest ?

Not to mention the company has $20M Cash. Is this a hidden gem waiting to be found? Comments Please!

 

[happytown]

Re: THX - Thundelarra Exploration

thx maiden jorc resource for thunderball prospect (nt) now officially overdue

previously ann'd expectation of jorc by end 2010

drilling intersections at thunderball up to 20% U308

that's correct, no decimal place required

or as kermit, gonzo et al would sing

phenomenal do-do-da-do-do ...

 

[bryos]

Re: THX - Thundelarra Exploration

why the delay? is someting up

 

[happytown]

Re: THX - Thundelarra Exploration

thunderball jorc resource due by end of month

whilst the upper and lower zones are described as robust, coherent bodies of u308 mineralisation (see ann dated 21/01/11), thunderball is not expected to produce a jorc resource that would support the development of a stand-alone mining/processing operation (see 2010 ann rep, overview, p2 24/12/10)

recent curra well (doolgunna region, along strike from de grussa) vtem survey results define several targets to be drill tested in feb (see ann dated 24/01/11)

 

[panikhide]

Re: THX - Thundelarra Exploration

THX in trading halt after a massive rise yesterday. Is it money time?

 

[System]

On March 13, 2013, Thundelarra Exploration Limited changed its name to Thundelarra Limited.

 

[tobes11]

massive sulphide hits.

no one interested? Chart looks like it's in a strong uptrend.

Thundelarra (ASX:THX) has intersected further massive sulphides at the 90%-owned Red Bore prospect (M52/597) in Western Australia’s Doolgunna region.

The company is well funded after a $7.5 million capital raising last month at $0.19 per share from institutional, professional and sophisticated investors.

Highlights include a new 5 metre massive chalcopyrite intercept close to TRBDD09 intercept, and 27 metres of new supergene copper mineralisation in TRBC070.

The results indicate the possible presence of another “pipe” 20 metres east of TRBDD09, while Hole TRBC073 suggests possible third “pipe” about 20 metres west of TRBDD09.

Previous drilling (TRBDD09) had included an intercept of 15.6 metres at 15.2% copper, 17.7 grams per tonne silver from 24.4 metres.

Drilling covered 14 holes for 1334 metres.

Thundelarra also finished the program earlier than anticipated due to favourable conditions and circumstances.


Analysis

The key for Thundelarra are the occurrences of multiple mineralised zones around the Red Bore Gossan area.

The magnetite and copper mineralisation was intersected 900 metres west of the Red Bore Gossan at one of the other magnetic targets being tested.

This could mean the company has multiple zones, which is why there will be a detailed geophysical survey and possible ground magnetic follow-up.

Near-term share price catalysts include the samples which are being prepared for assay, along with a follow-up program of down-hole geophysical surveys including magnetics, resistivity, and also DHEM using a strong source.

The mineralised intercepts are based on visual observations of the drill chips, with assays expected in coming weeks.

 

[greggles]

THX looking healthy recently. Announcement on 15 November concerning a gold discovery at the company's Crown Prince prospect. Lots of speculative buying since then and has been holding up pretty well. Continuing to move north today, up 17.65% to 4c.

 

[System]

On March 7th, 2019, Thundelarra Limited (THX) changed its name and ASX code to Ora Gold Limited (OAU).

 

[greggles]

Ora Gold is a $5 million market cap explorer conducting pre-production activities on its Abbotts and Garden Gully tenements near Meekatharra, Western Australia.

The company is currently short on cash but one of the directors has provided a loan of $1 million to the company through a related company Ioma Pty Ltd. I assume that this is so that OAU does not have to raise cash in the near future and can progress its projects and increase its share price enabling it to raise cash at a later date in far more favourable circumstances. Whatever the case, it's a real show of confidence in the company's future by the director, Mr Philip Crabb.

Today the company announced the commencement of work at a new copper-silver-gold prospect to the north of the Abbotts gold deposit. An initial rock sampling program over the Government Well area, which is located five kilometres north of the Abbotts gold deposit, has returned high grade copper and silver assays along with moderate gold results.

• CVP 1: 14.0% copper, 52.1g/t silver and 1.1g/t gold
• CVP 2: 14.0% copper, 62.5g/t silver and 1.2g/t gold
• CVMS: 19.5% copper, 275.5g/t silver and 1.2g/t gold

Anyway, I just thought I'd put this little summary out there for those interested in mining minnows. This one is currently near its 12 month lows but it jumped up 50% to 1.2c after today's news.