Ann: Drilling Underway at Curara Well , page-2

News Item:

Thundelarra is pleased to report that the maiden drilling program at the 100% owned Curara
Well Copper/Gold Project has commenced. Curara Well is located in the Doolgunna region on
Exploration License E52/2402, 2.5 kilometres north and eastwards from the Sandfire Resources
NL?s DeGrussa deposits.
The project area has poor outcrop and has seen very little past exploration. However work
carried out by the Company to date has located prospective structures and prospective volcanic
and epiclastic rocks displaying volcanogenic massive sulphide (VMS) style alteration.
An airborne electro-magnetic (VTEM) survey of the project area delineated a distinct marker
horizon interpreted to be the eastern extension to the DeGrussa stratigraphy. The survey also
identified eight discrete conductive anomalies, one of which coincides with a large copper
geochemical soil anomaly.
The initial reverse circulation drill program will comprise approximately 20 holes for 2,500 metres
and has been designed to test a number of the VTEM anomalies and the central part of the
geochemical copper anomaly. Results from this first pass drilling will provide important
geological information that will assist in the prioritisation of future work programs.
The powerful combination of prospective structure, host rocks, conductive anomalies, copper
anomalism and proximity to a major deposit, rank Curara Well as a high priority target that will
be a key component of Thundelarra?s exploration effort over the coming year.
At the Red Bore Project, Thundelarra?s other primary focus in the Doolgunna region, deep
diamond drilling is continuing with the second of four 600 metre holes nearing completion. Upon
completion of this hole, it is intended to carry out down hole electro-magnetic (DHEM) surveys of
both holes to provide data that may enable additional diamond drilling to be scheduled prior to
demobilisation of the rig. Red Bore is situated on Mining Lease M52/597, in which Thundelarra
is earning a 60% interest.