Thunderwood Resources (T.THS) Message Board

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Gold/Mining/Energy : Thunderwood Resources (T.THS)

THS 18.20

+2.0%

Oct 31 9:30 AM EST

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To: Brian MacDonald who wrote (17)	1/20/1998 7:56:00 PM
From: Brian MacDonald	Read Replies (1) of 36

Here's the latest press release. THS is trading at about $0.15 now and has been fairly volatile for the past few days. At these prices there is little downside risk but alot of upside potential. Brian ========== 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 AND CONSOLIDATED ABITIBI RESOURCES LTD. ME SYMBOL: CAQ JANUARY 15, 1998 Thunderwood Resources Inc. and Consolidated Abitibi Resources Ltd. 1998 Diamond Drilling Program Commences on the Lew Copper-Zinc-Gold Property in Manitoba TORONTO, ONTARIO--Thunderwood Resources Inc. and Consolidated Abitibi Resources Ltd. announce that a $675,000 exploration program consisting of 4,000 meters of diamond drilling in twelve holes, lithogeochemical sampling and downhole Pulse EM geophysical surveys has commenced on the highly prospective Lew volcanogenic copper-zinc-gold property which is located approximately 20 kilometers east of Flin Flon, Manitoba. Two drills have been mobilized to the property. The drilling program should be completed within one month with results available by the end of February. Six holes will test the depth extent of the copper-gold mineralization that occurs south of Leo Lake, two holes will further evaluate the new gold mineralization discovered on the property during the last drill program and four holes will test various I.P. and EM geophysical conductors and zones of hydrothermal alteration defined during 1997 that appear prospective for the occurrence of volcanogenic copper-zinc-gold mineralization. Thunderwood and Abitibi also plan to undertake diamond drilling programs for base metals on the Sherlynn and the Morgan Lake properties in Manitoba and the Mystic Lake property in Saskatchewan following completion of the Lew drill program. News releases announcing the commencement of these programs will be made when appropriate. -30-

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