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
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
SYS-CON Events announced today that FalconStor Software® Inc., a 15-year innovator of software-defined storage solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged, hardware-agnostic, software-defined storage and data services platform. Its flagship solution FreeStor®, utilizes a horizonta...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Avere delivers a more modern architectural approach to storage that doesn’t require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbuilding of data centers ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...