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Gold/Mining/Energy : Thunderwood Resources (T.THS) -- Ignore unavailable to you. Want to Upgrade?

To: Brian MacDonald who wrote (20)	3/9/1998 8:45:00 AM
From: Brian MacDonald	Read Replies (1) \| Respond to of 36

More drill results. ========== FOR FURTHER INFORMATION PLEASE CONTACT: Thunderwood Resources Inc. Mr. John B. Heslop President 416-362-8730 E-mail at info@thunderwood.com visit our website at www.thunderwood.com/explore 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 MARCH 5, 1998 Thunderwood Resources Inc. and Consolidated Abitibi Resources Ltd. More High Grade Gold And Copper-Zinc Mineralization Intersected On The Lew Property In Manitoba TORONTO, ONTARIO--Thunderwood Resources Inc. and Consolidated Abitibi Resources Ltd. announce that more high grade gold and copper-zinc mineralization has been discovered during their on-going diamond drilling program on the Lew volcanogenic copper-zinc-gold property which is located approximately 20 kilometers east of Flin Flon, Manitoba. Hole 98-LW-14 intersected 140.7 g/t Au and 220.0 g/t Ag over 1.5 feet, at a vertical depth of approximately 135 feet, which is 60 feet south and 110 feet below the previously announced intersection in hole 98-LW-16, which assayed 38.5 g/t Au and 49.8 g/t Ag over 10.0 feet (see attached Table). Hole 98-LW-17 intersected 31.6 g/t Au and 32.0 g/t Ag over 1.0 foot at a vertical depth of 300 feet, vertically below the intersection in hole 98-LW-16. Hole 98-LW-18 intersected four gold-bearing zones that assayed 2.2 g/t Au over 1.7 feet, 1.1 g/t Au over 3.5 feet, 2.5 g/t Au over 2.9 feet and 1.0 g/t Au over 3.0 feet at the 250 foot elevation, approximately 175 feet north of the gold mineralization in 98-LW-17. A 55 degree-60 degree, west-dipping, gold-bearing structure has now been defined over a strike length of 275 feet and to a vertical depth of 300 feet in four holes. This structure is open both along strike and down dip and further follow-up drilling to determine the extent of this gold mineralization is warranted. Holes 98-LW-17 and 18 were also collared to further evaluate off-hole Pulse EM geophysical anomalies and previously announced high grade, stringer copper mineralization intersected in 98-LW-16 that assayed 1.2 percent Cu over 38.0 feet, including 2.9 percent Cu over 6.0 feet, and 5.4 percent Cu, 5.0 g/t Ag and 0.7 g/t Au over 10.0 feet at vertical depths of approximately 1,050 feet and 1,200 feet, respectively. Hole 98-LW-18 intersected a completely new, partly banded, massive sulphide zone containing 70 percent-80 percent pyrite, chalcopyrite and sphalerite that assayed 3.1 percent Cu, 10.5 percent Zn, 10.4 g/t Ag and 1.3 g/t Au over 5.0 feet at a vertical depth of 950 feet. A down hole Pulse EM survey conducted in this hole gives a strong inhole response which suggests that these sulphides are very conductive and should have some lateral extent. This is the first time that banded massive sulphide mineralization has been intersected at this depth on the Lew property. Hole 98-LW-17 intersected additional stringer copper mineralization at a depth of approximately 1,100 feet that assayed 2.2 percent Cu over 1.0 foot and 1.0 percent Cu over 11.0 feet, including 4.8 percent Cu over 1.0 foot. The association of an extensive zone of hydrothermal alteration with copper stringer mineralization and gold-rich, copper-zinc massive sulphides is viewed as being extremely encouraging and suggest that further drilling may lead to the discovery of a significant base metal deposit on the Lew property. It is anticipated that two additional holes will be drilled to further evaluate this new massive sulphide discovery prior to spring break-up. /T/ 1998 LEW DIAMOND DRILLING PROGRAM SIGNIFICANT INTERSECTIONS Hole Grid Az Dip Interval Core Cu Zn Ag Au No. Loca- (de- (de- (ft) Length (per- (per- (g/t) (g/t) tion gree) gree) (ft) cent) cent) --------------------------------------------------------------- GOLD ZONE --------------------------------------------------------------- 98-LW-14 19+25N/ 125 -60 183.5-185.0 1.5 - - 220.0 140.7 152+00E (x)98-LW-16 20+15N/ 152+90E 125 -60 37.4-47.5 10.0 - - 49.8 38.5 98-LW-17 20+15N/ 149+97E 127 -60 366.0-367.0 1.0 - - 32.0 31.6 98-LW-18 22+00N/ 149+75E 127 -52 210.0-211.7 1.7 - - - 2.2 278.0-281.5 3.5 - - - 1.1 309.0-311.9 2.9 - - - 2.5 331.5-334.5 3.0 - - - 1.0 ---------------------------------------------------------------- COPPER-ZINC-GOLD ZONE ---------------------------------------------------------------- 98-LW-17 20+15N/ 149+97E 127 -60 1441.7-1442.7 1.0 2.2 1460.5-1471.5 11.0 1.0 (xxx)1470.5-1471.5 1.0 4.8 (xx) 98- LW-18 22+00N/ 149+75E 127 -52 1330.0-1335.3 5.0 3.1 10.5 10.4 1.3 ---------------------------------------------------------------- (x) Previously reported (xx) Massive sulphides (xxx)Including Gold results for holes 14, 16, 17 average of 6 assays from two labs. /T/ -30-