Just to keep this thread up to date. Note the Copper values!!
Any bold type is mine and only to highlight what they are saying.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Thunderwood Resources Inc.
Mr. John B. Heslop
President
(416) 362-8730
or
Consolidated Abitibi Resources Ltd.
Dr. James W. Gill
President
(416) 362-4699
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: THUNDERWOOD RESOURCES INC.
TSE SYMBOL: THS
OTC Bulletin Board SYMBOL: TWDRF
SEPTEMBER 25, 1997
Thunderwood Resources Inc. - High Grade Copper
Mineralization Intersected On The Lew Copper-Zinc-Gold
Property In Manitoba
TORONTO, ONTARIO--Thunderwood Resources Inc. and Consolidated
Abitibi Resources Ltd. announce that high grade copper
mineralization has been intersected within two zones on the Lew
volcanogenic copper-zinc-gold property which is located
approximately 20 kilometers east of Flin Flon, Manitoba.
Hole 97-LW-3, which was collared to test the down plunge depth
potential of known high grade copper mineralization on the
property, intersected 17.0 percent Cu, 2.0 percent Zn and 2.0 g/t
Au over a core length of 3.2 feet within the 23 Zone and 8.4
percent Cu and 0.8 g/t Au over a core length of 23.8 feet within
the 24 Zone. This hole intersected the 24 Zone at a vertical
depth of 425 feet which is approximately 100 feet down plunge from
prior hole 122, which intersected 3.8 percent Cu and 0.8 g/t Au
over a core length of 57.7 feet, and approximately 50 feet along
strike to the east of prior hole 144, which assayed 3.1 percent
Cu, 1.6 percent Zn and 0.1 g/t Au over a core length of 18.3 feet.
Hole 97-LW-6, which was collared to intersect the 24 Zone
approximately 125 feet further down plunge from hole 97-LW-3, has
intersected appreciable copper mineralization over core lengths of
approximately 11.0 and 22.0 feet in zones which correlate with the
23 and 24 Zones, respectively. Assay results are pending. Two
additional holes, 97-LW-4 and 97-LW-5, which were drilled
approximately 100 feet apart, 250 feet vertically below hole
97-LW-3, appear to be east of the plunge trend of the high grade
copper mineralization in the 24 Zone. However, hole 97-LW-4, the
westernmost of the two holes, intersected minor
pyrite-chalcopyrite mineralization within a 20-25 foot thick,
heavy black chlorite alteration zone at the projected location of
the 24 Zone. A downhole Pulse EM survey identified an off-hole
anomaly at this location that suggests that conductive sulphides
lie approximately 100 feet west of the hole. Hole 97-LW-7, which
has been targeted to test for additional copper sulphide
mineralization west and below hole 97-LW-4, is currently drilling.
The 23 Zone contains abundant fine grained, banded and bedded
pyritic mud and chert with appreciable copper and zinc
mineralization and is interpreted to be a classical "cherty"
exhalite horizon whereas the 24 Zone contains appreciable stringer
copper mineralization within a black chlorite alteration zone
which is believed to represent a copper "stringer" zone.
Assays are also awaited from two additional holes, 97-LW-1 and
97-LW-2, that were drilled to test IP and/or gravity anomalies on
other parts of the property. These holes intersected stringer
pyrite-chalcopyrite mineralization and one significant off-hole
Pulse EM anomaly, which requires drilling, was identified in hole
97-LW-2.
The Lew project has the potential to host a high grade copper
deposit and drilling is continuing. The project is owned 100
percent by Aur Resources Inc. Thunderwood Resources and
Consolidated Abitibi are each earning a 30 percent interest in the
property.
-30-
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Stock closed at $C 0.33. Gotta be a bargain. Even Aur thinks that this is probably a mine.
Here's an excerpt from Aur's press release of Sept. 26/97 on their exploration activities.
"6. Lew Base Metal Project - Manitoba
A drilling program designed to extend known high-grade copper-zinc
mineralization on the Lew property was initiated in late August.
To date, four holes have been completed which significantly
enhance the potential for the delineation of an economic base
metal deposit being developed. Hole 97-LW-3 of this program
intersected four intervals of massive sulphides and stringer
mineralization. Assays from one of the intervals averaged 8.4
percent Cu, 6.2 g/t Ag and 0.8 g/t Au over 23.8 feet at a depth of
425 feet confirming the extension of this high-grade copper
deposit. A second zone in this hole averaged 17.0 percent Cu, 2.0
percent Zn, 76 g/t Ag and 2.0 g/t Au over 3.2 feet while assays
for the other two more pyritic zones in this hole are still
pending.
Holes 97-LW-4 and 97-LW-5, which were drilled approximately 100
feet apart, 250 feet vertically below hole 97-LW-3, appear to be
east of the plunge trend of the high-grade copper deposit. Hole
97-LW-4, the westernmost of the two holes, intersected minor
pyrite-chalcopyrite mineralization within a 20-25 foot thick heavy
black chlorite alteration zone and a Pulse EM survey down this
hole identified an off-hole anomaly at this location which
suggests that conductive sulphides exist approximately 100 feet
west of this hole. Hole 97-LW-6 intersected two zones of massive
and stringer sulphides with appreciable copper mineralization over
core lengths of 11 and 22 feet in zones which correlate with those
of hole 97-LW-3. Hole LW-97-6 confirms the down plunge continuity
of the deposit below hole LW-97-3. Assays for these holes are
pending and hole LW-97-7, designed to test for the continuation of
this high grade copper deposit to depth, is currently in progress.
===============
Brian |
