ADDITIONAL
HIGH GRADE MASSIVE SULPHIDES INTERSECTED AT DUCK POND
Thundermin Resources Inc. (“Thundermin”) and 50% joint venture partner Queenston Mining Inc. (“Queenston”) announce that they have received assay results for another four holes from their on-going diamond drilling program on the Duck Pond property. The property which is under option from Noranda Inc. is located in west-central Newfoundland approximately 30 km southeast of Buchans (See Table, attached Surface Plan and News Releases dated March 2, May 6, June 8 and June 23, 1999). The Duck Pond property 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. The current 20 hole drilling program is designed to confirm the continuity and grade and expand the inferred resources in the Duck Pond deposit.
Duck Pond Deposit – 1999 Drill Results
HOLE #
|
LOCATION
|
INTERVAL
|
LENGTH
|
Cu
|
Zn
|
Pb
|
Ag
|
Au
|
|
|
( m ) |
( m ) |
( m )* |
% |
% |
% |
g/t |
g/t |
|
|
|
|
|
|
|
|
|
|
|
DP-99-201 |
9175N/9625E |
412.70
- 434.25 |
21.55 |
4.1 |
7.0 |
1.6 |
108.1 |
1.7 |
|
|
|
497.75
- 499.30 |
1.55 |
3.7 |
10.6 |
1.2 |
72.6 |
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 |
7.10 |
5.5 |
1.6 |
0.1 |
23.7 |
0.2 |
|
|
|
256.30- 284.15 |
27.85 |
4.1 |
5.1 |
1.1 |
76.5 |
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 |
Hole DP-99-203 intersected ore grade copper-zinc mineralization at the eastern limits of the current resource blocks and suggests that additional tonnages can be added along the eastern edge of the Duck Pond deposit.
Holes DP-99-204 and 205 were collared 25 m east and south, respectively, from previous hole DP-88-154 that intersected 45.8 m of massive sulphides grading 3.5% Cu, 5.6% Zn, 0.7% Pb, 57.7 g/t Ag and 0.9 g/t Au. The new holes intersected thick zones of massive sulphides and confirm the tonnage assigned to hole DP-88-154. Hole DP-99-204 intersected separate 7.10 m and 27.85 m intervals of high grade copper-zinc mineralization separated by a 11.60 m barren mafic dyke. Hole DP-99-205 intersected high grade copper-zinc mineralization over 30.70 m within a 77.00 m thick interval of massive, semi-massive and stringer sulphides.
The 14.80 m ore grade intersection encountered in DP-99-206 confirms the thickness and grades previously intersected in this portion of the deposit.
The drilling completed to date on the Duck Pond deposit has confirmed the continuity and grade of the massive sulphide mineralization and has shown that there is potential to expand tonnages.
An exploration program consisting of compilation, prospecting and deep penetrating TDEM surface geophysics has commenced in the North and South Moose Pond area of the 11,796 hectare property which lies approximately 7 km northeast of the Duck Pond deposit. Strong hydrothermal alteration and disseminated and stringer sulphide mineralization have been recognized in the South Moose Pond area within felsic volcanic rocks similar to those associated with the Duck Pond and Boundary massive sulphide deposits. The North Moose Pond area contains boulders assaying up to 11.7% Cu. Only minor exploration has been undertaken in this area and the source of these boulders is unknown. The current exploration program in the North and South Moose Pond area is designed to identify drill targets for the discovery of a new massive sulphide deposit similar to the Duck Pond deposit.
- 30 -
July 14, 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