Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Thunderstruck Resources Ltd V.AWE

Alternate Symbol(s):  THURF

Thunderstruck Resources Ltd. is a Canada-based mining exploration company. The Company is focused on the discovery of gold-silver epithermal and copper-gold porphyry deposits on the main island of Viti Levu in Fiji. Its projects include Korokayiu Copper-Zinc Prospect, Liwa Gold-Silver Prospect, Rama Copper-Gold Prospect and Nakoro Zinc-Copper Prospect. The Korokayiu prospect is located on the southern part of Fiji’s island, Viti Levu, and is approximately 80 kilometers (km) southeast of the island’s major transportation hub, Nadi. The Korokayiu prospect features approximately 15 kilometers of prospective ground along the strike, including eight additional underexplored zones, for zinc-copper volcanic massive sulfide (VMS) deposits. The Liwa prospect, Nakoro VMS prospect and Rama porphyry are located on the southern part of Fiji’s island, Viti Levu, and is approximately 50 Km east southeast of the Nadi.


TSXV:AWE - Post by User

Comment by Bean_and_Dunnon Feb 08, 2021 11:28am
71 Views
Post# 32500860

RE:RE:RE:SILVER

RE:RE:RE:SILVER

 

Overview

Korokayiu, originally named Wainaleka, features approximately 15 km of prospective ground along strike, including 8 additional underexplored zones, for zinc-copper volcanic massive sulphide (VMS) deposits (see press release August 19, 2019). Historic and recent drilling efforts, along with extensive surface sampling and geophysical programs confirm the presence of favorable mineralization and stratigraphy within the discovery area and beyond. Exploration is currently underway at Korokayiu in partnership with the Japan Oil, Gas and Metals National Corporation (JOGMEC). The tenement area has recently been increased by 350% to 136 km2.

History

Exploration over the prospect initially began in the 1970s by Australian Anglo American Ltd. (Anglo) with a drill program, geological mapping and sampling. During their drill campaign Anglo was able to show that a mineralized zone was open along strike at both ends1 and intersected several anomalous values including2:

  • 6.2 m of 12.0 % zinc, 1.8% copper and 25 g/t silver (WLK-1A)
  • 10 m of 5.5 % zinc, 2.3% copper and 47 g/t silver (WLK-4)
  • 15.5 m of 1.3 % zinc, 1.5% copper and 8.0 g/t silver (WLK-10)

Mineral exploration was furthered on the Korokayiu prospect by the previous operator through sampling and shallow “backpack” drilling. Surface exploration returned samples with up to 19.9 % zinc and 2.7 % copper, and 14.4 % zinc and 7.1% copper, respectively. “Backpack” drilling returned near surface intersections over 2.2 m of 11.8 % zinc, 1.9% copper and 9 g/t silver from 2.2 to 4.8 m at the west end of the Korokayiu Deposit3.

Location

The Korokayiu prospect is located on the southern part of Fiji’s largest island, Viti Levu, and is approximately 80 km south east of the islands major transportation hub, Nadi . Korokayiu is within Special Prospecting License No. 1416 which, along with landowner agreements, has been renewed for 5 years, the maximum allowed under Fijian exploration policy.

korokayiu copper zinc prospect

Geology and Mineralization

Geologically, Viti Levu has been exposed to a complexity of crustal plate rotations and has been dominated by island arc development followed by rifting, like that of neighboring Pacific Rim countries. Magmatism, precious and base metal emplacement occurred episodically throughout the evolution of the Fijian platform. The oldest known mineral occurrences were emplaced within low-k tholeiitic volcanics of the Wainimala Group, host to the Korokayiu VMS prospect, and proximal to a major intrusive unit: The Colo Plutonic Suite.

VMS mineralization of the Korokayiu prospect is hosted within a fragmental unit that has been subject to extensive hydrothermal alteration. The mineralized unit is underlain by a basement assemblage of intercalated spilitized, tholeiitic basalt and mudstone and contained within a younger suite of basalts, felsic volcanics and associated fragmental rocks. Andesitic units of the younger rocks and the basement assemblage have been intruded by a 6 km long and 1.5 km wide, pervasively altered, subvolcanic to volcanic rhyolite dome complex.

At Korokayiu the base metal sulfides and strong sericite-clay and pyrite alteration are focused at the contact between footwall rhyolites and hanging wall mafic volcanics and basalts. The mineralized lens exhibits mineralogical metal zoning with a top that consists of granular sphalerite in a siliceous matrix, underlain by massive pyrite grading into disseminated chalcopyrite and sphalerite. Below the mineralized lens pyrite stockwork mineralization and low tenor chalcopyrite occurs. The key minerals of interest found at Korokayiu are sphalerite, covellite and chalcopyrite along with tetrahedrite, tennanite, enargite, and chalcocite; typical minerals for a VMS deposit.

Thunderstruck Resources Exploration

A 2019 drill program comprised 7 drill holes, totaling 904 m, and verified the presence of historically reported zinc-copper massive mineralization, and in select holes more than doubled historically reported results.

Korokayiu Cu-Zn Deposit 2019 Significant Diamond Drill Intercepts

Drill Hole From (m) To (m) Interval (m) Zn (%) Cu (%) Ag (g/t) Au (g/t)
WLK17 60.5 71.5 11 13.77 2.94 113.7 1.08
WLK16A 128.06 130.83 2.77 21.58 2.04 81.1 0.42
WLK14B 57.05 67.60 10.55 9.51 1.87 54.5 0.48
including 57.73 64.04 6.31 14.51 2.35 111.1 0.66
WLK14A 78.82 87.20 8.38 0.28 1.15 27.5 0.23
including 78.82 82.17 3.35 0.11 2.05 59.7 0.51
 

 

Overview

Korokayiu, originally named Wainaleka, features approximately 15 km of prospective ground along strike, including 8 additional underexplored zones, for zinc-copper volcanic massive sulphide (VMS) deposits (see press release August 19, 2019). Historic and recent drilling efforts, along with extensive surface sampling and geophysical programs confirm the presence of favorable mineralization and stratigraphy within the discovery area and beyond. Exploration is currently underway at Korokayiu in partnership with the Japan Oil, Gas and Metals National Corporation (JOGMEC). The tenement area has recently been increased by 350% to 136 km2.

History

Exploration over the prospect initially began in the 1970s by Australian Anglo American Ltd. (Anglo) with a drill program, geological mapping and sampling. During their drill campaign Anglo was able to show that a mineralized zone was open along strike at both ends1 and intersected several anomalous values including2:

  • 6.2 m of 12.0 % zinc, 1.8% copper and 25 g/t silver (WLK-1A)
  • 10 m of 5.5 % zinc, 2.3% copper and 47 g/t silver (WLK-4)
  • 15.5 m of 1.3 % zinc, 1.5% copper and 8.0 g/t silver (WLK-10)

Mineral exploration was furthered on the Korokayiu prospect by the previous operator through sampling and shallow “backpack” drilling. Surface exploration returned samples with up to 19.9 % zinc and 2.7 % copper, and 14.4 % zinc and 7.1% copper, respectively. “Backpack” drilling returned near surface intersections over 2.2 m of 11.8 % zinc, 1.9% copper and 9 g/t silver from 2.2 to 4.8 m at the west end of the Korokayiu Deposit3.

Location

The Korokayiu prospect is located on the southern part of Fiji’s largest island, Viti Levu, and is approximately 80 km south east of the islands major transportation hub, Nadi . Korokayiu is within Special Prospecting License No. 1416 which, along with landowner agreements, has been renewed for 5 years, the maximum allowed under Fijian exploration policy.

korokayiu copper zinc prospect

Geology and Mineralization

Geologically, Viti Levu has been exposed to a complexity of crustal plate rotations and has been dominated by island arc development followed by rifting, like that of neighboring Pacific Rim countries. Magmatism, precious and base metal emplacement occurred episodically throughout the evolution of the Fijian platform. The oldest known mineral occurrences were emplaced within low-k tholeiitic volcanics of the Wainimala Group, host to the Korokayiu VMS prospect, and proximal to a major intrusive unit: The Colo Plutonic Suite.

VMS mineralization of the Korokayiu prospect is hosted within a fragmental unit that has been subject to extensive hydrothermal alteration. The mineralized unit is underlain by a basement assemblage of intercalated spilitized, tholeiitic basalt and mudstone and contained within a younger suite of basalts, felsic volcanics and associated fragmental rocks. Andesitic units of the younger rocks and the basement assemblage have been intruded by a 6 km long and 1.5 km wide, pervasively altered, subvolcanic to volcanic rhyolite dome complex.

At Korokayiu the base metal sulfides and strong sericite-clay and pyrite alteration are focused at the contact between footwall rhyolites and hanging wall mafic volcanics and basalts. The mineralized lens exhibits mineralogical metal zoning with a top that consists of granular sphalerite in a siliceous matrix, underlain by massive pyrite grading into disseminated chalcopyrite and sphalerite. Below the mineralized lens pyrite stockwork mineralization and low tenor chalcopyrite occurs. The key minerals of interest found at Korokayiu are sphalerite, covellite and chalcopyrite along with tetrahedrite, tennanite, enargite, and chalcocite; typical minerals for a VMS deposit.

Thunderstruck Resources Exploration

A 2019 drill program comprised 7 drill holes, totaling 904 m, and verified the presence of historically reported zinc-copper massive mineralization, and in select holes more than doubled historically reported results.

Korokayiu Cu-Zn Deposit 2019 Significant Diamond Drill Intercepts

Drill Hole From (m) To (m) Interval (m) Zn (%) Cu (%) Ag (g/t) Au (g/t)
WLK17 60.5 71.5 11 13.77 2.94 113.7 1.08
WLK16A 128.06 130.83 2.77 21.58 2.04 81.1 0.42
WLK14B 57.05 67.60 10.55 9.51 1.87 54.5 0.48
including 57.73 64.04 6.31 14.51 2.35 111.1 0.66
WLK14A 78.82 87.20 8.38 0.28 1.15 27.5 0.23
including 78.82 82.17 3.35 0.11 2.05 59.7 0.51
 

<< Previous
Bullboard Posts
Next >>