Click here to close now.




















Welcome!

News Feed Item

Thundermin and Rambler Intersect High Grade Copper Mineralization at Little Deer

TORONTO, ONTARIO -- (Marketwired) -- 05/22/14 -- Thundermin Resources Inc. ("Thundermin") (TSX VENTURE:THR) and 50% joint venture partner Rambler Metals and Mining Canada Limited ("Rambler") (TSX VENTURE:RAB)(AIM:RMM) announce that they have intersected 2.9% Cu over 3.4 m and 3.8% Cu over 2.0 m, 2.1% Cu over 2.6 m, and 2.3 % Cu over 6.2 m in two separate drill holes on the Little Deer Copper Deposit ("Little Deer") (see Table 1 and Figure 1) located approximately 10 kilometres north of Springdale in north-central Newfoundland.


Table 1: Little Deer Drill Results (2014)                                   
-------------------------------------------------------------
Hole No.      NAD 83 UTM Zone 21             Dip           Az
           ------------------------                          
              East (m)    North (m)     (degrees)   (degrees)
-------------------------------------------------------------
LD-14-63       571,149    5,492,702        -58.2        327.5
-------------------------------------------------------------
and                                                          
-------------------------------------------------------------
and                                                          
-------------------------------------------------------------
                                                             
-------------------------------------------------------------
LD-14-63A      571,149    5,492,702        -58.2        327.5
-------------------------------------------------------------
and                                                          
-------------------------------------------------------------
                                                             
-------------------------------------------------------------
LD-14-64       571,149    5,492,702        -52.6        327.6
-------------------------------------------------------------
                                                             
-------------------------------------------------------------
LD-14-64A      571,149    5,492,702        -52.6        327.6
-------------------------------------------------------------
                                                             
-------------------------------------------------------------
LD-14-65       571,174    5,492,756        -51.2        329.3
-------------------------------------------------------------
and                                                          
-------------------------------------------------------------
and                                                          
-------------------------------------------------------------
and                                                          
-------------------------------------------------------------
                                                             
-------------------------------------------------------------
LD-14-66       571,189    5,492,780        -57.7        327.9
-------------------------------------------------------------
and                                                          
-------------------------------------------------------------

-----------------------------------------------
Hole No.        From       To  Interval      Cu
                                               
                 (m)      (m)    (m)(i)     (%)
-----------------------------------------------
LD-14-63       800.5    803.9       3.4     2.9
-----------------------------------------------
and            819.0    819.7       0.7     1.9
-----------------------------------------------
and            886.6    887.2       0.6     1.9
-----------------------------------------------
                                               
-----------------------------------------------
LD-14-63A      763.3    766.3       3.0     1.0
-----------------------------------------------
and            775.2    777.7       2.5     1.0
-----------------------------------------------
                                               
-----------------------------------------------
LD-14-64       729.6    732.6       3.0     1.0
-----------------------------------------------
                                               
-----------------------------------------------
LD-14-64A      723.3    724.3       1.0     0.9
-----------------------------------------------
                                               
-----------------------------------------------
LD-14-65       206.5    208.5       2.0     3.8
-----------------------------------------------
and            414.8    417.4       2.6     2.1
-----------------------------------------------
and            629.6    630.0       0.4     8.0
-----------------------------------------------
and            635.3    641.5       6.2     2.3
-----------------------------------------------
                                               
-----------------------------------------------
LD-14-66       409.5    409.8       0.3     2.4
-----------------------------------------------
and            678.5    679.5       1.0     1.5
-----------------------------------------------
Notes:                                                                      
                                                                            
1) (i)The reported copper intersections are core lengths. The true          
thicknesses of the copper intersections are highly variable due to the      
nature of the mineralization.                                               
2) The "A" suffix in the drill hole number indicates a wedge hole.          

The recently completed 3,800 m drill program, which was designed to increase the mineral resources outlined to date and to further upgrade the Inferred Resources to the Indicated Resource category in the eastern portion of the deposit, consisted of four holes drilled from surface and two wedge holes. Holes LD-14-63, 63A and 65 all intersected the Little Deer Main Zone. Hole LD-14-65 also intersected two new copper zones higher in the hole grading 3.8% Cu over 2.0 m, from 206.5 to 208.5 m down the hole, and 2.1% Cu over 2.6 m, from 414.8 to 417.4 m down the hole. These two new copper zones were intersected within a previously unknown, large chlorite-sericite-silica-pyrite alteration zone and their lateral and depth extent is unknown at the present time. Hole LD-14-63 intersected two narrow copper zones, below the Little Deer Main Zone, which are possible extensions to two lenses of the Little Deer Footwall Zone Splay. Holes LD-14-64, 64A and 66 appear to have been "dyked out" as they all intersected thick sections of mafic dyke along with minor amounts of copper mineralization hosted by intensely chlorite altered basalt within the expected area of the Little Deer Main Zone.

John B. Heslop, President and Chief Executive Officer of Thundermin said "We are generally pleased with the results of the current drill program and continue to define continuity of the copper mineralization between wide-spaced, historical drill holes. Dykes which cut off the mineralization have also been intersected in previous drilling. We are currently compiling the recent drill information and planning additional holes to be drilled in order to improve the confidence level of the National Instrument 43-101 ("NI 43-101") compliant resources at Little Deer prior to undertaking a pre-feasibility study. In particular, we would like to confirm and expand the mineral resources in the Little Deer Footwall Zone Splay that is currently estimated to contain 797,000 tonnes ("t") grading 2.64% Cu (see news release dated June 22, 2011).

The Little Deer Copper Project hosts the Little Deer and Whalesback copper deposits. On June 22, 2011 and July 26, 2012, NI 43-101 compliant mineral resource estimates, which were undertaken by P&E Mining Consultants Inc. ("P&E") of Toronto, Ontario, were announced for Little Deer and Whalesback, respectively. P&E estimated that Little Deer contains Indicated Resources of 1,911,000 t at an average grade of 2.37% Cu (99.8 million lbs. Cu) and additional Inferred Resources of 3,748,000 t at an average grade of 2.13% Cu (176.0 million lbs. of Cu). P&E estimated that Whalesback contains Indicated Resources of 797,000 t grading 1.67% Cu (29.3 million lbs. Cu) and Inferred Resources of 443,000 t grading 1.57% Cu (15.3 million lbs. Cu). On a combined basis, Little Deer and Whalesback are estimated to contain Indicated Resources of 2,708,000 t grading 2.16% Cu (129.1 million lbs. Cu) and Inferred Resources of 4,191,000 t grading 2.07% Cu (191.3 million lbs. Cu). A complete summary of the mineral resources outlined to date on the Little Deer Copper Project can be found on Thundermin's website, in news releases and on SEDAR.

Little Deer Joint Venture

Under the terms of its joint venture agreement with Rambler, Thundermin has the right to increase its 50% interest in the Little Deer property to 65% by completing a feasibility study and to 75% by arranging 100% of the necessary bank financing required to place the property into commercial production. Details on Little Deer and Whalesback and the terms of the agreement with Rambler can be found in numerous Thundermin news releases and on Thundermin's website and on SEDAR.

Junior Exploration Assistance Program

Thundermin would like to acknowledge the financial support received from the Junior Exploration Assisstance Program ("JEA") of the Province of Newfoundland and Labrador in carrying out a portion of their work on Little Deer.

Qualified Persons

The NI 43-101 mineral resource estimate referred to above was prepared under the supervision of Mr. Eugene J. Puritch, P. Eng., President of P&E. Mr. Puritch is an independent Qualified Person ("Q.P.") in accordance with NI 43-101.

Mr. Andrew Hussey, P.Geo., Senior Project Geologist with Thundermin, is the Q.P. responsible for supervising all of the drilling programs at Little Deer for the purposes of NI 43-101. Mr. Hussey has also reviewed the contents of this new release for accuracy. All holes drilled by Thundermin and Rambler are NQ in size. Bulk density measurements, rock quality designations and photographic logging of significant mineralized intersections are performed systematically prior to assaying. The core is logged and the mineralized sections, where appropriate, are sawn in half at a core logging facility in Springdale. Half of the core is submitted for analyses to Eastern Analytical Limited, an independent and qualified assayer located in Springdale, Newfoundland and the remaining half of the core is kept for future reference. Blanks, duplicates and standards are routinely used as part of the assay procedures.

About Thundermin

Thundermin is a Canadian-based mineral exploration company focused on the exploration for and the discovery of economically viable base metal and gold deposits in Canada with its primary project being the Little Deer Copper Project as described above. Thundermin has an interest in, or the right to earn an interest in 12 base metal and gold properties in Canada. Thundermin owns a 100% interest in the Lebel Township gold property, which is located on the Kirkland Lake Main Break in the prolific Kirkland Lake gold camp. Thundermin has the right to earn a 100% interest in eight exploration licenses covering a large portion of the Stirling volcanogenic massive zinc-lead-copper-silver-gold sulphide belt located on Cape Breton Island, Nova Scotia. An initial diamond drill program undertaken on the property in 2012 was successful in intersecting copper mineralization in porphyritic volcanic rocks similar to those known to host massive sulphide deposits elsewhere. Thundermin has royalty interests in seven base metal and gold properties located in British Columbia and Quebec, the most significant being a 2.5% net smelter return royalty in the Pelletier Lake gold deposit which is under option to QMX Gold Corporation. Thundermin also has various shareholdings in twelve other junior resource companies exploring for base metal, gold, chrome, and diamond deposits in Canada.

Forward-Looking Statements

This news release may contain "Forward-Looking Statements" that involve risks and uncertainties, such as statements of Thundermin's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify "Forward-Looking Statements". Although Thundermin believes that its expectations reflected in these "Forward-Looking Statements" are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings that can be viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behavior of financial and metals markets and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our "Forward-Looking Statements". Although Thundermin believes the facts and information contained in this news release to be as correct and current as possible, Thundermin does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information on Thundermin Resources Inc., visit Thundermin's website at www.thundermin.com or the SEDAR website at www.sedar.com.

To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/THRFigure-1.pdf.

Contacts:
Thundermin Resources Inc.
John B. Heslop
President & CEO
(647) 344-1167

Thundermin Resources Inc.
James W. Gill
Chairman
(416) 450-1851
www.thundermin.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...