NEWS RELEASE

 

THUNDERMIN AND QUEENSTON CONTINUE TO INTERSECT

  HIGH GRADE MASSIVE SULPHIDES AT DUCK POND

 

Thundermin Resources Inc. (“Thundermin”) and 50% joint venture partner Queenston Mining Inc. (“Queenston”) announce that they continue to intersect thick sections of high grade copper-zinc-lead-silver-gold mineralization on the Duck Pond property, which is located approximately 30 km southeast of Buchans in west-central Newfoundland (see Table, attached Surface Plan and News Release dated July 28, 1999). The Duck Pond property, which is under option from Noranda Inc., hosts two volcanogenic base metal deposits, the Duck Pond and Boundary, that contain inferred resources of approximately 6,000,000 tonnes grading 3.4% Cu, 6.4% Zn, 1.1% Pb, 61.4 g/t Ag and 0.9 g/t Au.

 

Duck Pond Deposit – 1999 Drill Results

HOLE #

 

LOCATION

(m)

INTERVAL

  (m)

LENGTH

(m)*

Cu

%

Zn

%

Pb

%

Ag

g/t

Au

g/t

DP-99-201

 

9175N/9625E

 

412.70 - 434.25

497.75 - 499.30

21.55

1.55

4.1

3.7

7.0

10.6

1.6

1.2

108.1

72.6

1.7

0.2

DP-99-202

9225N/9675E

389.90 - 399.10

9.20

5.3

4.8

1.0

105.5

1.5

DP-99-203

9275N/9700E

380.10 - 385.70

5.60

2.4

6.3

1.4

54.1

0.8

DP-99-204

 

9500N/9625E

 

237.60 - 244.70

256.30 –284.15

7.10

27.85

5.5

4.1

1.6

5.1

0.1

1.1

23.7

76.5

0.2

1.2

DP-99-205

9475N/9600E

260.20- 290.90

30.70

4.0

9.6

1.5

98.5

0.9

DP-99-206

9275N/9650E

371.00-385.80

14.80

2.8

5.5

1.2

67.6

0.6

DP-99-207

 

 

9525N/9600E

 

 

227.00-260.00

228.15-234.95

234.95-248.25

33.00

6.80

13.30

5.8

15.1

3.2

12.4

5.5

19.2

1.9

0.4

3.8

92.7

112.8

110.6

0.8

0.8

0.7

DP-99-208

9225N/9575E

370.90-373.45

2.55

5.8

1.7

0.4

36.3

0.8

DP-99-209

 

9500N/9575E

 

245.00- 264.80

245.00 - 246.95

19.80

1.95

0.7

2.6

1.3

1.7

0.3

0.3

23.8

30.2

0.4

0.3

DP-99-210

 

9225N/9525E

 

342.50 - 367.00

353.50 - 363.30

24.50

9.80

5.7

8.2

8.1

8.8

0.5

0.6

36.0

46.5

0.5

0.5

DP-99-211

9550N/965OE

275.50 - 277.00

1.50

2.7

1.6

0.5

21.6

0.1

DP-99-212

 

9175N/9525E

 

391.85  - 394.95

393.51 - 394.95

3.10

1.44

2.7

5.0

8.6

17.4

0.3

0.4

39.7

74.2

0.5

0.8

DP-99-213

 

9200N/9475E

 

365.10 - 378.23

370.30 - 378.23

13.13

7.93

4.0

5.8

9.8

15.5

1.0

1.6

58.4

86.0

0.5

0.6

DP-99-214

 

 

9383N/9604E

 

 

322.55 - 340.35

324.60 - 331.70

336.20 - 339.20

17.80

7.10

3.00

4.4

6.0

6.6

11.8

18.6

16.1

2.2

5.2

0.5

61.4

102.5

83.0

0.4

0.4

 0.7

 

*    Vertical Holes – approx. true thickness

Holes DP-99-201 to 210 previously announced.

 

 

Hole DP-99-211, which was collared to investigate the possible eastern extension of high grade copper-zinc mineralization intersected in DP-99-207, intersected a narrow zone of copper-zinc mineralization within a thick sequence of intensely hydrothermally altered felsic volcanics.

 

Hole DP-99-212, which was drilled to investigate the southern limits of massive sulphide mineralization in the area of the Terminator Fault, intersected a narrow interval of high grade, tectonically banded, massive copper-zinc sulphides that has been truncated by a fault. It is interpreted that the high grade Sleeper Zone, which occurs approximately 50 m below the Upper Duck Lens, is the down-faulted continuation of the Upper Duck Lens. Additional drilling is required to determine the areal extent of the Sleeper Zone.

 

Holes DP-99-213 and 214 intersected thick sections of high grade copper-zinc-lead-silver-gold bearing  massive sulphides. These holes were both collared at the western edge of the previously calculated reserve blocks and confirm that high grade copper-zinc massive sulphides extend further to the west than previously anticipated, therefore increasing tonnage potential in these areas.

 

The drilling completed to date on the Duck Pond property has confirmed the existence of a substantial resource of high grade copper-zinc sulphide mineralization within the Upper Duck Lens and has greatly enhanced the confidence level in the continuity and grade of these resources.

 

-         30    -

 

August 12, 1999

 

For further information please contact Mr. John B. Heslop, President or Mr. Hugh D. Harbinson, Managing Director of Thundermin (THR:TSE) or Mr. Charles E. Page, President of Queenston (QMI:TSE) at (416) 364-0001.

 

Suite 1116, 111 Richmond Street West, Toronto, Ontario  M5H 2G4

Telephone: 416-364-0001   Fax: 416-364-5098