Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Linnea Von Hessert was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 01
Thunderstruck Resources Ltd. announced that it expects to receive CAD 1.562785 million in funding from Zhaojin International Gold Co., Ltd. Thunderstruck Resources Ltd. enter into a subscription agreement with new investor Zhaojin International Gold Co., Ltd. for issuance of 14,207,134 common shares at a price of CAD 0.11 per common share, for aggregate gross proceeds of CAD 1,562,784.74 on March 31, 2026. No finder's fees are payable in connection with the offering. The offering remains subject to the execution of definitive documentation, including the subscription agreement, and is also subject to receipt of all required approvals, including approval of the TSX Venture Exchange and applicable Chinese regulatory authorities. Aankondiging • Feb 03
Thunderstruck Resources Ltd., Annual General Meeting, Apr 02, 2026 Thunderstruck Resources Ltd., Annual General Meeting, Apr 02, 2026. Board Change • Oct 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Linnea Von Hessert was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 22
Thunderstruck Resources Ltd Appoints Fengwen Zheng to the Board of Directors Thunderstruck Resources Ltd. announced the appointment of Mr. Fengwen Zheng to the Board of Directors. Mr. Fengwen Zheng is a seasoned entrepreneur with over 40 years of experience in business management and investment. In the last two decades, as a controlling shareholder and key decision-maker, he has successfully guided the listing of Zhongrun Resources and completed the acquisitions of Sichuan Pingwu China Gold Mining Company, China Gold Tibet Mining Company and Fiji's largest and oldest gold producer, the Vatukoula Gold Mine. In 2011, Mr. Zheng participated in the restructuring of Lingbao Gold Group as the second largest shareholder listed on the group. He successively served as the Chairman of Shandong Zhongrun Real Estate Group Development Company and the Chairman of Huibang Investment Company, and his holding and shareholding companies have developed more than 7 million square meters of real estate. Currently, he is the Chairman of New Five Lakes Resources (Tianjin) Co. Ltd., with a focus on mining investments. Aankondiging • Oct 07
Thunderstruck Resources Ltd. announced that it has received CAD 0.77943 million in funding On October 6, 2025, the Thunderstruck Resources Ltd. closed the transaction. A cash finder's fee of CAD 46,765.81 was paid to YBHE Consultants Ltd., an arm's-length third party. All securities issued are subject to a hold period in Canada expiring on Feb. 7, 2026.The shares forming the placement were acquired by two arm's-length parties subscribing for equal proportions of 5,338,563 shares each. Aankondiging • Sep 18
Thunderstruck Resources Ltd. announced that it expects to receive CAD 0.77943 million in funding Thunderstruck Resources Ltd. has arranged a non-brokered private placement of 10,677,126 common shares at a price of CAD 0.073 per share for aggregate gross proceeds of CAD 779,430.20 on September 17, 2025. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. No warrants will be issued. The placement is fully allocated with two arm's-length parties subscribing for equal proportions of the available shares. A cash finder’s fee of 6% of the proceeds raised is expected to be paid to an arm’s length third
party. New Risk • Jun 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$749k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$749k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.92m market cap, or US$1.40m). New Risk • May 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 2.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.14m market cap, or US$1.55m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). New Risk • Apr 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 2.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.35m market cap, or US$1.70m). Aankondiging • Mar 08
Thunderstruck Resources Ltd. announced that it has received CAD 0.6205 million in funding On March 6, 2025, Thunderstruck Resources Ltd closed the transaction. The company announced that it has issued 8,500,000 shares at an issue price of CAD 0.073 per shares for gross proceeds of CAD 620,500. A cash finder's fee of CAD 37,230 will be paid to an arm's-length third party. All securities issued are subject to a hold period in Canada expiring on July 7, 2025. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. Aankondiging • Feb 28
Thunderstruck Resources Ltd. announced that it expects to receive CAD 0.6205 million in funding Thunderstruck Resources Ltd. announced a non-brokered private placement to issue 8,500,000 shares at an issue price of CAD 0.073 per shares for gross proceeds of CAD 620,500 on February 27, 2025. No warrants will be issued. A cash finder's fee of 6 % of the proceeds raised is expected to be paid to an arm's-length third party. Aankondiging • Jan 15
Thunderstruck Resources Ltd. announced that it has received CAD 0.112 million in funding On January 14, 2025, Thunderstruck Resources Ltd. closed the transaction. The company issued 2,000,000 units at a price of CAD 0.056 for gross proceeds of CAD 112,000. Insiders participated in the placement, acquiring an aggregate of 1.25 million units on the same basis as other subscribers. Aankondiging • Dec 09
Thunderstruck Resources Ltd. announced that it expects to receive CAD 0.14 million in funding Thunderstruck Resources Ltd. announces non-brokered private placement of up to 2.5 million units at a price of CAD 0.056 for gross proceeds of CAD 0.14 million on December 8, 2024. Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of CAD 0.112. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. Finders' fees may be payable in accordance with the policies of the TSX Venture Exchange. Aankondiging • Apr 21
Thunderstruck Resources Ltd., Annual General Meeting, Jun 21, 2024 Thunderstruck Resources Ltd., Annual General Meeting, Jun 21, 2024. Aankondiging • Apr 10
Thunderstruck Resources Ltd. announced that it expects to receive CAD 1 million in funding Thunderstruck Resources Ltd announces a non-brokered private placement of 16,666,666 units at a price of CAD 0.06 per unit for aggregate gross proceeds of CAD 999,999.96 on April 9, 2024. Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of CAD 0.10 per share for a period of 36 months. The transaction will include participation from directors and officers of the Company will be acquiring securities under the Placement equal to 10% or CAD 100,000. The company may pay finder's fees in relation to the transaction. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. Board Change • Dec 19
High number of new directors Director Eric Roth was the last director to join the board, commencing their role in 2023. Aankondiging • Dec 14
Thunderstruck Resources Ltd. Announces Board of Directors Changes Thunderstruck Resources Ltd. announces the resignation of Lawrence Roulston from the board of directors effective December 11, 2023 as he shifts his focus to other entities. Stepping in as a Director of the Company to fill in the vacancy left by Mr. Roulston will be Mr. Eric Roth, previously an advisor to the Company and currently serving as the CEO and Director of Capella Minerals Ltd. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia and is an economic geologist with over 35 years of experience in international minerals exploration and mining project evaluation. Prior to Capella, he was Chief Operating Officer of Mariana Resources Ltd., which was acquired by Sandstorm Gold Royalties in July 2017 for the high-grade Hod Maden copper-gold discovery in NE Turkey. Prior to this, Mr. Roth was Chief Executive Officer of Aegean Metals Group Inc. (original acquirer of the Hod Maden project) and President and Chief Executive Officer of Extorre Gold Mines Ltd. (discoverer of the high-grade Cerro Moro gold-silver deposit in Santa Cruz Province, Argentina, which was acquired by Yamana Gold Inc. in mid-2012 for CAD 440M). Eric worked for AngloGold Ashanti Ltd. ("AGA") between 2002 and 2008, initially as the Lima-based Peruvian project and South American opportunities manager and subsequently as the Johannesburg-based Global Head of greenfields exploration. During his Johannesburg tenure, AGA's greenfields exploration teams brought in over 20+Moz Au in new Inferred Resources through discoveries in Colombia (Colosa, Gramalote), Australia (Tropicana), and the DRC (Mongwalu) at a discovery cost of <USD 15/oz. Prior to AGA, Eric worked with TSX-listed Aur Resources Inc., discoverer of the high-grade Louvicourt VMS deposit located near Val d'Or, Quebec. Eric is a Fellow of the Australian Institute of Mining and Metallurgy (FAusIMM), a Fellow of the Society of Economic Geologists, and a principal of consulting firm ER Global Consulting SpA. New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$918k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$918k free cash flow). Shares are highly illiquid. Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.47m market cap, or US$1.08m). Minor Risk Shareholders have been diluted in the past year (5.0% increase in shares outstanding). New Risk • Aug 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.59m market cap, or US$1.92m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Jul 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.76m market cap, or US$2.84m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Aankondiging • Jul 08
Thunderstruck Resources Ltd. announced that it expects to receive CNY 0.25 million in funding Thunderstruck Resources Ltd. announced a non-brokered private placement of up to 1,666,667 units at a price of CAD 0.15 per unit for gross proceeds of CAD 250,000.05 on July 6, 2023. Each unit will comprise one common share and one share purchase warrant. Each whole warrant entitles the holder to purchase a further common share at a price of CAD 0.20 per share for a period of 36 months. The warrants will be subject to accelerated exercise provisions such that if the closing price of the Company's common shares exceeds CAD 0.30 per share for a period of 20 consecutive trading days, the Company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. Finder's fees may be payable in accordance with the policies of the TSX Venture Exchange. The Company reserves the right to increase the number of Units issued pursuant to the Placement to up to 3,333,333 units for up to total gross proceeds of CAD 500,000. The placement is subject to regulatory approval, including the approval of the TSX Venture Exchange. Aankondiging • Dec 21
Thunderstruck Resources Ltd., Annual General Meeting, Feb 17, 2023 Thunderstruck Resources Ltd., Annual General Meeting, Feb 17, 2023. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Member of Advisory Board Tookie Angus was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Sep 15
Thunderstruck Resources Ltd. Commences Drilling At the Liwa Gold & Silver Project Thunderstruck Resources Ltd. announced the recent commencement of the 2022 drill program in Fiji. The planned drilling program is comprised of an initial five drill holes for 1,500 meters and is designed to test several well-defined epithermal gold-silver targets extending over a three-kilometer strike length, including: Liwa Ridge: defined by a wide zone of gold-silver anomalism at surface, including, 71.3m at 0.61g/t Au (trench) and up to 11.1 g/t Au and 109 g/t in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth. Vatuvatulevu: defined by a 150-meter-wide zone of gold-silver anomalism at surface, including up to 2.48 ppm Au in soils, 41.6 g/t Au and 1,205 g/t Ag in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth. Jensens: defined by multiple zones of gold-silver anomalism at surface, including, 7 meters at 5.7 g/t Au (trench) and up to 55.2 g/t Au in rock chips with coincident resistivity and chargeability geophysical anomalism modelled at depth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Member of Advisory Board Tookie Angus was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Apr 26
Thunderstruck Resources Receives Drilling Contract Outlines Detailed, Drill-Ready Targets at Liwa Thunderstruck Resources Ltd. announced its intention to drill multiple high priority targets at its Liwa gold/silver prospect in Fiji. With the signing of a long-term drilling contract, drilling is set to commence in early third quarter of 2022. The company has outlined a seven-hole drill program designed to test the validity at depth of geophysical anomalies corresponding with surface mineralization. The technical team hopes to intersect the geological features representing the source of mineralization by testing both the heart and periphery of the geophysical anomalies beneath defined surface mineralization. Each of the seven holes will offer valuable data to direct a continuous program of drilling with each hole more informed than the last. Drilling has been designed to focus on four outcropping, gold-bearing hydrothermal breccia areas at Liwa, including Liwa Ridge, Jensen's, Vatuvatulevu (Vatu) and Gun. The information below is intended to educate and offer insight into the technical thought process behind each drill location and encourage shareholders to be active participants as the company grows. Board Change • Apr 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Member of Advisory Board Tookie Angus was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Mar 10
Thunderstruck Resources Ltd. announced that it has received CAD 2.5 million in funding On March 8, 2022, Thunderstruck Resources Ltd. closed the transaction. No finders payable in the transaction. All securities issued are subject to a hold period in Canada expiring on July 9, 2022. The transaction included participation from Insiders for 449,654 units and Ian Gandel for 31,753,203 units. Aankondiging • Feb 16
Thunderstruck Resources Ltd. announced that it expects to receive CAD 2.5 million in funding Thunderstruck Resources Ltd. announced a non-brokered private placement to issue up to 35,714,285 units at a price of CAD 0.07 per unit for gross proceeds of CAD 2,500,000 on February 14, 2022. The transaction will include participation from Gandel. Each unit will comprise one common share and one share purchase warrant. Each full warrant will entitle the holder to purchase a further common share at a price of CAD 0.15 per share for a period of 5 years. The warrants will be subject to accelerated exercise provisions such that if the closing price of the company's common shares exceeds CAD 0.30 per share for a period of 20 consecutive trading days. The transaction is subject to approval from TSX Venture Exchange. Aankondiging • Nov 24
Thunderstruck Resources Ltd. Announces Exploration Program Results in 50% Expansion of Liwa Gold/Silver Prospect Thunderstruck Resources Ltd. reported the following updates on the exploration work being done on its prospects in Fiji. The 2021 precious metals exploration program at Liwa, which included extensive surface sampling and a drilling campaign, has just been completed. Drilling has intersected zones of heavy sulphide mineralization accompanied by promising geological indicators such as silicification and banded veins at 100m downhole (Figure 1). Core samples from this year's drilling program have been submitted to ALS Australia for assay. Mapping north of the current exploration zone has revealed a previously undiscovered expression of breccias and banded quartz veins seen elsewhere on the property (Fig.2). This indicates thathydrothermal activity was present over a much greater area than previously thought. This region forms a 1km extension of the prospect and represents a roughly 50% increase of the total area of interest. The company hopes to reinforce these observations with the upcoming results of this seasons' soil sampling program and will be using this data to plan its 2022 drilling campaign. Surface sampling has uncovered a previously undiscovered outcrop of breccia with grades of up to 1.01 grams/tonne (g/t) gold (Au) and 22.3g/t silver (Ag) (Table 1). This new outcrop has allowed for structural measurements of the breccia to be taken and will greatly aid in targeting future drill programs. Soil sampling and portable x-ray fluorescence (pXRF) analysis at the Korokayiu Volcanogenic Massive Sulphide (VMS) prospect has now been completed and has highlighted several base and preciousmetals anomalies within the surveyed areas (Figure 3 and 4). All six of the soil sample grids returned anomalous copper and zinc (+/- lead-silver) pXRF anomalies. The Kula 1 grid has proven to be the most promising, as it shows anomalous copper-zinc values over and 500 metres trend that is open off the grid to the east and west. Soil and rock samples collected during 2021 were analyzed using pXRF, which benefits from being fast, convenient, and low-cost when compared to laboratory analysis. The results of pXRF soil and rock sampling are considered semi-quantitative. To verify the accuracy and precision of this data, select samples have been sent to ALS Australia. Silver grades have been promising in soil samples, with grades of up to 21 g/t Ag. Copper and zinc grades have also been significant, with the pXRF analysis returning up to 0.41% Cu (Figure 3) and 0.96% Zn (Figure 4) in soils. Of the six soil sampling grids, Kula 1 has proven to be the most promising, as it shows a good trend of Cu and Zn anomalies open towards the east and west. Additionally, pXRF analysis of crushed rock samples returned grades of up to 6.8% Zn, 0.94% Cu and 24.52 g/t Ag. These results coincide with prospective surface geology and will be targets for future infill sampling and drilling. Aankondiging • Sep 21
Thunderstruck Resources Ltd. announced that it expects to receive CAD 0.75 million in funding Thunderstruck Resources Ltd. announced a non-brokered private placement to issue up to 12,500,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 750,000 on September 20, 2021. Each unit will comprise one common share and one-half share purchase warrant. Each full warrant will entitle the holder to purchase a further common share at a price of CAD 0.15 per share for a period of 36 months. The warrants will be subject to accelerated exercise provisions such that if the closing price of the company's common shares exceeds CAD 0.25 per share for a period of 20 consecutive trading days, the company may give notice of the acceleration of the warrants' term to a period of 30 days following such notice. Finder's fees may be payable on all or any portion of the placement, which is subject to regulatory approval, including the approval of the TSX Venture Exchange. Aankondiging • Jul 24
Thunderstruck Resources Ltd. Commences Exploration at Liwa Gold/Silver Prospect Thunderstruck Resources Ltd. announced that it has initiated a comprehensive and expanded exploration program on its 100% owned Liwa gold/silver prospect in Fiji. 1,500 meters of drilling is proposed for the 2021 season, across the four known targets. Drilling at the Jensen's and Liwa Ridge targets is to begin concurrently with a new sampling campaign focused on both existing prospects and prospective areas. The orientation survey will consist of a series of sample stations over the known body of mineralization at the Liwa Ridge target, generating a better understanding of how anomalies related to mineralization are detected by different sampling techniques /methodologies. Two 20m x 100m grids are proposed for the property. The first will encompass the proximal regions of the Liwa Ridge, Jensen's and Vatuvatulevu targets, whilst the second will focus on the Gun target in the north east. These grids will be supported by more widely-spaced sample lines on the peripheries of the targets. A continuation of the historically successful ridge and spur sampling campaign is planned in the southern and northern areas of the prospect. This will be accompanied by stream sediment and channel sampling at key points. Three main areas have been recommended for further mapping in order to extend the known target structures and potentially add new ones: Upstream of Liwa Creek; Upstream of Vatuvatulevu Creek; and Northern areas of the prospect along Matacile Creek and the Navua River. A review of the existing geochemical data is being undertaken with emphasis on historic rock samples. This review will attempt to geochemically vector the hydrothermal alteration and enhance the interpretation of alteration facies previously derived from mineral assemblages. Aankondiging • Jul 16
Thunderstruck Resources Provides Liwa Gold and Silver Exploration Update Thunderstruck Resources Ltd. announced that it is in the final planning stages of an extensive exploration program on its Liwa Creek gold/silver prospect on Viti Levu, the main island of Fiji. The proposed program will be supervised by Oliver Victor, who completed his Master of Science degree on The Geology, Alteration and Mineralisation of the Liwa Creek Epithermal System, Fiji at the University of Exeter. Mr. Victor will be leading the team at Liwa, planning and executing the 2021 program, which will include mapping, rock/soil geochemistry and drilling. The team has recently completed 13 km of road-clearing with a final two kilometers remaining to reach the Liwa camp. Details of the Company's expanded program at Liwa will be outlined in more detail once Mr. Victor has settled in country over the coming week. The soil sampling program on the Korokayiu VMS project, being explored in partnership with the Japan Oil, Gas and Metals National Corporation (JOGMEC), is on schedule, the results of which will determine Phase 2 of the exploration program. Aankondiging • Jun 16
Thunderstruck Resources Ltd. Announces the Commencement of Phase 1 of its 2021 Exploration Program on its Korokayiu High Grade Zinc/Copper Asset in Fiji Thunderstruck Resources Ltd. announced the commencement of Phase 1 of its 2021 exploration program on its Korokayiu high grade zinc/copper asset in Fiji. This marks the third year of funding from joint venture partner JOGMEC (Japan, Oil, Gas and Metals National Corporation). Phase 1 will include soil sampling and geophysics over several known targets to determine Phase 2 drilling objectives. Soil and Geophysical Surveys Target High Priority Zones: Exploration underway to identify VMS mineralization over 7.5 km along strike: The next phase of exploration includes: Soil sampling at high priority prospects: Kula Creek, Echo Creek, Rotorua, Nancy, Kalia, Ruve and Palu Creek; and 4 line km of Induced Polarity (IP) geophysical surveys. Soil Sampling: The 2021 exploration season has begun with the start of a focused soil sampling campaign of over 1500 samples. Programs will develop a geochemical profile over approximately 7.5 km of prospective ground at Korokayiu. The study will focus on base metals associated with Volcanic Massive Sulphide (VMS) mineralization over seven presently known target areas; Kula Creek, Echo Creek, Rotorua, Nancy, Kalia, Ruve and Palu Creek. Echo, Ruve and Palu Creek prospects were highlighted during recent (2019-2020) exploration seasons through drilling of the discovery outcrop and ongoing geologic mapping and geophysical efforts. They occur 500-1000 m NE along strike from the discovery zone highlighted by Drill hole WLK17; which intersected 13.8% zinc (Zn), 2.94% copper (Cu), 114 grams-per-tonne silver (g/t Ag), and 1.08 g/t gold (Au) over a drill core interval of 11 metres. Echo Creek was also highlighted by ongoing IP surveys which identified resistivity anomalies between 300 and 700 meters NE along strike from the discovery outcrop. At Kula, Nancy, Kalia and Rotorua prospects soil sampling programs are also underway to identify any anomalous VMS mineralization associated with the western extensions of previously identified mineralized horizons at the discovery zone (Wainaleka). Aankondiging • Feb 19
Thunderstruck Resources Ltd. Provides Update on its Fiji Exploration Assets Thunderstruck Resources Ltd. provided an update on its Fiji exploration assets. Highlights: Positive results from drilling at Korokayiu Joint Venture (JV) zinc-copper volcanogenic massive sulphide (VMS) project leads joint venture partner to expand program, including initiation of metallurgical testing. Rama copper-gold porphyry project: Management is working with multiple interested parties to secure a joint venture to fund the next phase of work. Drilling is planned for June 2021 at the Liwa gold/silver project. Korokayiu Zinc-Copper VMS: Initial scout drilling, at the Korokayiu VMS prospect has intersected anomalous zinc grades 275 meters north-east along strike from the discovery outcrop, extending the known mineralized horizon intersected in the 2019 drill programs (see press release January 30, 2020) which outlined a significant zinc-copper- silver-gold VMS system. Based on these positive results, the joint venture partner Japan Oil, Gas and Metals National Corporation (JOGMEC) is presently working with Thunderstruck on details of a comprehensive 2021 Induced Polarity (IP) geophysical survey, soil geochemistry and drill program with Mitsui Mineral Development Engineering Co. Ltd. (MINDECO). Drill hole WLK19A intersected 2.97% Zinc (Zn) and 26.6 grams-per-tonne Silver (g/t Ag), over a drill core interval of 5.42 meters. This first hole into a new target zone is highly encouraging. The mineralization is hosted by intensely altered fragmental volcanoclastic dacite hosting sphalerite, chalcopyrite and pyrite mineralization. Drill hole WLK19A was designed to test coincident gravity, structural and soil anomalies. Six line-kilometres of follow up IP surveys were conducted during late 2020 over prospects highlighted by previous drilling (including WLK19A), soil sampling, and detailed mapping. The IP surveys have been directed at delineating targets within areas of known base metal mineralization on the Korokayiu prospect including: Wainaleka (the discovery outcrop), Kula Creek, Nancy, Kalia, Rotorua, Kove Kove, Echo Creek, as well as Ruve and Palu Creek. Results of IP surveys are currently being processed. These multiple targets are consistent with typical VMS-type deposits which typically occur in clusters. Metallurgic processing test work is also underway on material garnered from the discovery outcrop, highlighted by drill hole WLK17 with 11 meters of 13.77% Zn, 2.94% Copper (Cu), 113.7 g/t Ag and 1.08 grams-per-tonne Gold (Au). It is highly encouraging that the joint venture partner has undertaken metallurgical testing at this stage of the exploration program. Aankondiging • Dec 13
Thunderstruck Resources Ltd. Commences Drilling at Liwa Gold and Provides Geological/Geophysical Update Thunderstruck Resources Ltd. announced that drilling has commenced at its wholly owned Liwa Gold Project in Fiji. The drill program has been designed to test anomalous high-grade gold/silver targets mapped at surface over a 3km structural corridor. The company plans to drill 500 m as part of its fully funded phase one drill program at Jensen's Prospect, before moving on to the other prospects. Liwa Gold features four (combining Jensen's and Jensen's west) high grade gold prospects: Jensen's, Liwa Ridge, Gun, and Lower Vatuvatulevu. Some selected highlights are below. Liwa Ridge saprolite trenching returned 0.61 g/t Au over 71 m including 1.2 g/t Au over 26m, and surface vein float up to 11 g/t Au Jensen's prospect sampling returned 55 g/t Au in outcrop of narrow base metal rich veins. Jensen's West sampling returned 4.6 g/t Au in outcrop in area of historically reported outcrop chipsampling zone returning 5.7 g/t Au over 7m. Gun Showing rock float returned 0.44 g/t Au, including 25.5 g/t Ag. Lower Vatuvatulevu soil anomalies returned 8 soils over 160 m ridge line including 5 returning 707,804, 894, 1050 and 2,480 ppb Au in soil. Follow-up surface prospecting yielded a single float rock assaying 42 g/t Au and 1,205 g/t Ag. To further understanding of the subsurface at Liwa, four line kilometers of induced polarization (IP) and resistivity surveys were completed in 2019, highlighting prospective targets. All known Liwa Creek gold prospect showings produce clearly defined IP/Resistivity anomalies coincident with gold mineralization at surface (Figure 2). The presence of strong resistive and coincident weak to moderate chargeability anomalies are interpreted to indicate silicified lithologies and potentially mineralized targets at depth. 