NEWS..STOCK OPTION GRANT STOCK OPTION GRANT
Thunderstruck Resources Ltd. has granted 1.1 million stock options having an exercise price of 11.5 cents and a 10-year term to certain of its directors, officers and consultants.
About Fiji
Viti Levu, the main island of Fiji, has a long mining history. It is on the prolific Pacific Ring of Fire, a trend that has produced numerous large deposits, including Porgera, Lihir and Grasberg. The island of 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 per cent copper and 0.12 gram per tonne gold (5.2 million ounces Au and 4.9 million tonnes Cu). Namosi is now undergoing environmental assessment as part of the permitting process. Lion One Metals is now developing its Tuvatu project, with indicated resources of 1.1 million tonnes at 8.17 g/t Au (294,000 ounces Au) and inferred resources of 1.3 million tonnes at 10.6 g/t Au (445,000 ounces Au). The Vatukoula gold mine has been operating for 80 years, producing in excess of seven million ounces.
About Thunderstruck Resources Ltd.
Thunderstruck is a Canadian mineral exploration company that has assembled extensive and highly prospective properties in Fiji on which recent and previous exploration has confirmed VMS (volcanogenic massive sulphide), copper and precious metal mineralization. The company provides investors with exposure to a diverse portfolio of exploration-stage projects with potential for zinc, copper, gold and silver in a politically safe and stable jurisdiction.
We seek Safe Harbor.
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