Gold exploration company Thundelarra has reported a new gold discovery at its Crown Prince tenement in Western Australia.
The presence of free gold in quartz-carbonate veining at several locations across the prospect is indicative of high gold grades, according to Thundelarra chief executive officer Tony Lofthouse.
“Finding visible free gold in fresh drill core from within the primary zone is uncommon and so this is highly significant for the potential of the Crown Prince prospect,” he said. “The core will be cut, sampled and submitted for laboratory assays as soon as possible.”
The gold was found across a 5.5 metre interval at a 259 metre depth.
The Crown Prince tenement is part of Thundelarra’s 100 per cent-owned Garden Gully project, which consists of 15 prospecting licences and two exploration licences over a 78 square kilometre area in Western Australia’s Murchison region.
Garden Gully is one of several Thundelarra projects in current operation in WA; other ventures currently include the Red Bore and Curara Well copper-gold projects in Doolgunna and the Sophie Downs base metal project in Kimberley.
The company also owns the Allamber graphite-uranium project in the Northern Territory and has a 20 per cent stake in the Keller Creek nickel sulphide property (with the rest held by Panoramic Resources).