More drill results from Duck Pond
Thundermin Resources Inc -
Thundermin and Queenston Boundary drill results
Thundermin Resources Inc
THR
Shares issued 31,327,571
2000-04-07 close $0.215
Monday Apr 10 2000
See Queenston Mining Inc (QMI) News Release
Mr. John Heslop and Mr. Hugh Harbinson report
Thundermin Resources and 50-per-cent joint venture partner
Queenston Mining have received assay results from an additional 17
holes recently completed on the North and South zones of the near
surface Boundary massive copper-zinc sulphide deposit located in
west-central Newfoundland. The purpose of this drilling was to aid
in defining the limits of the massive sulphide mineralization prior to
commencing a new open pit resource calculation. Highlights include
4.2 per cent Cu and 4.8 per cent Zn over 12.9 metres in hole 166;
1.8 per cent Cu and 4.7 per cent Zn over 11.4 m in 168; 1.3 per
cent Cu and 5.6 per cent Zn over 6.1 m in 169 from the North Zone
and 4.2 per cent Cu over 8.6 m in hole 172; 3.7 per cent Cu over
4.3 m in 175; 4.2 per cent Cu over 8.8 m in 176; 4.5 per cent Cu
over 6.5 m in 177; and 4.1 per cent Cu and 3.8 per cent Zn over
16.4 m in 178 from the South zone (see attached table and news
releases in Stockwatch Dec. 6, 13, 1999, and Feb. 17, 2000, for a
complete list of all previously announced Boundary assay data and a
description of the current continuing drill program).
The Boundary deposit is located within the 11,796 hectare Duck
Pond property approximately four kilometres northeast of the
high-grade Duck Pond massive sulphide deposit. The results of the
current Boundary drilling have expanded and confirmed the
continuity and grade of the 446,000 tonne inferred resource which
grades 3.5 per cent Cu, 3.5 per cent Zn, 0.5 per cent Pb and 22.8
grams per tonne Ag.
In addition, three holes were drilled in the North Moose Pond area
to determine the source of numerous large boulders and
frost-heaved blocks of intensely chloritized stringer
pyrite-chalcopyrite mineralization known to occur in the area. No
economic mineralization was encountered, however, one hole
intersected approximately 85 m of variably altered felsic and mafic
volcanic rocks containing up to 5 per cent pyrite and trace
chalcopyrite mineralization. A downhole pulse electromagnetic (EM)
survey and further drilling is warranted in this area. One hole was
also collared in the South Moose Pond area to test a coincident
horizontal loop, pulse EM and gravity anomaly where disseminated
chalcopyrite, sphalerite, galena and pyrite mineralization had been
discovered on surface within intensely altered felsic volcanic rocks.
This hole was suspended before completion due to deteriorating
spring weather conditions. It is anticipated that drilling in the South
Moose Pond area will continue in early May. Additional holes will
test two airborne and ground EM targets located just west of Duck
Pond and step-out drilling will be undertaken to expand resources in
the Lower Duck Pond massive sulphide horizon.
As announced in Stockwatch March 13, 2000, Thundermin and
Queenston have retained MRDI Canada, a division of AGRA
Simons Limited, to complete a new resource calculation followed by
a bankable feasibility study for the Duck Pond project. The resource
calculation, which will be completed by mid-May, has commenced
and will incorporate the results for the new Boundary drilling
reported above.
The Duck Pond property, which is under option from Noranda Inc.,
is located in west-central Newfoundland approximately 30 km
southeast of Buchans and hosts two base metal deposits, the Duck
Pond and Boundary, that contain inferred resources of
approximately six million grading 3.4 per cent Cu, 6.4 per cent Zn,
1.1 per cent Pb, 61.4 g/t Ag and 0.9 g/t Au.
BOUNDARY DEPOSIT
Interval Length Cu Zn Pb Ag Au
(m) (m) % % % g/t g/t
South Zone
Hole BD-00-166
4.25-17.15 12.9 4.23 4.84 0.61 49.73 .57
Hole BD-00-167
10.80-11.30 0.5 0.25 2.24 0.78 16.44 .38
12.05-12.30 0.2 1.22 1.11 0.12 13.36 .42
15.30-15.75 0.4 0.25 3.8 0.05 5.14 .31
BD-00-168
7.20-18.60 11.4 1.77 4.71 1.34 43.32 .54
BD-00-169
8.50-14.55 6.0 1.26 5.55 0.92 39.11 .46
BD-00-170
15.60-17.20 1.6 1.65 4.80 0.57 38.36 .61
BD-00-171
10.35-11.85 1.5 1.68 1.84 0.35 19.18 .42
14.40-15.15 0.7 2.06 1.82 0.17 22.26 .52
North Zone
BD-00-172
4.57-13.20 8.6 4.17 0.17 0.02 9.28 .19
21.40-23.40 2.0 0.08 3.50 0.01 2.05 .05
BD-00-173
3.98- 5.10 1.1 1.75 0.08 0.01 3.77 .04
BD-00-174
7.61- 8.14 0.5 2.80 0.12 0.02 8.56 .11
BD-00-175
16.28-20.60 4.3 3.67 0.13 0.03 7.16 .10
BD-00-176
30.60-39.35 8.7 4.19 1.34 0.02 11.93 .09
BD-00-177
30.60-37.10 6.5 4.45 0.13 0.12 13.33 .19
BD-00-178
10.80-11.34 0.5 4.60 2.72 0.14 49.32 .65
23.92-40.30 16.3 4.12 3.84 0.29 20.70 .20
BD-00-180
29.80-31.30 1.5 3.90 0.14 0.02 13.70 .27
BD-00-181
14.90-16.75 1.8 2.08 13.0 1.32 44.51 .41
BD-00-182
6.35- 6.70 0.3 0.71 13.0 0.96 16.10 .11
BD-00-179 - no significant values
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