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    Copy of latest news update....I sorry can't post pictures
    Regards
    Dabru

    Highlights:
    ? Copper mineralisation now recorded in three drill holes.
    o Supergene malachite and azurite (copper carbonates) observed in three holes
    ? Sulphide copper mineralisation encountered in Hole TRBDD04.
    o Chalcopyrite (copper sulphide) mineralisation recorded in veins and semi-massive accumulations, within massive magnetite
    ? Hole TRBDD05 currently at 5.9m and drilling ahead.
    Figure 1. Malachite and azurite observed at 21m down hole TRBDD03. Interval shown is approximately 30cm long.
    Figure 2. Chalcopyrite veining in massive magnetite at 32.6m inTRBDD03. Interval shown: approximately 10cm long.
    FURTHER COPPER MINERALISATION OBSERVED AT RED BORE
    Note: The presence of oxide and sulphide copper mineralisation is entirely consistent with the mineralisation known to exist at this prospect. These are preliminary observations. Conclusions as to the grades, true widths and the full extent of the zones of mineralisation will not be made until the core is cut, sampled and assayed and the results interpreted. At this stage of the drilling program the continuity of the mineralisation to depth remains uncertain.
    THUNDELARRA LIMITED ASX RELEASE 14 April 2014
    Page | 2
    Thundelarra has continued diamond drilling at its 90%-owned Red Bore prospect (M52/597) in Western Australia’s Doolgunna region. Four holes have been completed and the fifth hole is currently at 5.9m and is drilling ahead.
    The program was designed to test a concept that the mineralisation delineated in earlier drill programs in 2010 and 2011, and which provided the basis for the 2004 JORC Code indicated mineral resource announced to the market on 04 May 2012, may lie in a pencil-like shoot that is controlled by local structural features. Results so far have expanded and elaborated this concept.
    Figure 3. Location map of Red Bore and Curara Well Projects showing proximity to DeGrussa copper-gold mine (Sandfire Resources NL). Scale: grid spacing is 30 km.
    Three of the four holes drilled so far have intersected copper mineralisation, with holes TRBDD03 and TRBDD04 successfully intersecting interpreted down-dip positions of the oxide mineralisation encountered near surface in the first hole. The most recent (Hole TRBDD04) has successfully intersected copper sulphide mineralisation (chalcopyrite) in a position below the base of oxidation. The second hole (TRBDD02) remained in the footwall lithologies (basaltic/doleritic rocks) throughout its length, thereby giving an indication of one lateral boundary to the mineralisation and thus assisting in the successful targeting of the subsequent holes.
    192m has been drilled so far of a planned total advance of approximately 1,000m (Table 1). A deep diamond hole is planned for the north-west corner of the lease (Figure 5).
    Hole
    East
    North
    RL
    Depth
    Dip
    Azimuth
    Prospect
    Licence
    TRBDD01
    735920
    7172551
    577m
    45m
    -70o
    222o
    Red Bore
    M52/597
    TRBDD02
    735927
    7172559
    577m
    tba
    -75o
    220o
    Red Bore
    M52/597
    TRBDD03
    735918
    7172548
    tba
    tba
    -70o
    220o
    Red Bore
    M52/597
    TRBDD04
    735918
    7172548
    tba
    tba
    -60o
    220o
    Red Bore
    M52/597
    TRBDD05
    735918
    7172548
    tba
    tba
    -50o
    220o
    Red Bore
    M52/597
    Table 1. Details of the holes drilled to date. All locations on Australian Geodetic Grid GDA94-50.
    THUNDELARRA LIMITED ASX RELEASE 14 April 2014
    Page | 3
    Figure 3. Massive chalcopyrite vein (10cm) in massive magnetite at 34.75m down hole TRBDD04).
    Hole TRBDD04 has intersected mafic volcaniclastics and dolerite that are strongly fractured and that have undergone hydrothermal alteration and brecciation. The presence of significant massive fine-grained magnetite containing veins of massive chalcopyrite together with extensive smaller blebs and veinlets of the copper sulphide, and pyrite, all suggest an initial interpretation that this zone may represent a submarine black-smoker style of vent or fumarole. Detailed interpretation will be required on completion of the current program, including receipt of assays, in order to determine what follow-up exploration work, including further drilling, would be most appropriate.
    Figure 4: Drill collar location and intended drill azimuth shown on TMI image. Grid spacing is 1,000m. Notional surface traces of the DeGrussa deposits overlain to provide geographical context.
    THUNDELARRA LIMITED ASX RELEASE 14 April 2014
    Page | 4
    The discovery of the existence of such substantial accumulations of massive magnetite, previously unrecorded, is highly significant. Its presence and location is consistent with previously unexplained magnetic anomalies.
    If the initial interpretation of the geological setting in these holes proves correct and drilling has indeed intersected a feature that could be a submarine volcanic vent or fumarole, or possibly a breccia pipe, above what could reasonably be expected to be a deeper body of source magmatic material, then the presence of the massive magnetite is consistent with the new geological model and explains the magnetic anomalies identified in past geophysical surveys. Magnetite is both magnetic and very dense. If it is a feature of multiple vents above a deeper-seated magmatic source of mineralisation, then a detailed review of past magnetics and gravity geophysical surveys will be needed to identify other targets for future follow-up drill programs.
    One such additional small magnetic anomaly has already been identified in the brief review of the magnetic data conducted since the discovery of magnetite in Hole 4. If feasible upon completion of Hole 5 (currently underway), a hole will be drilled to investigate the small magnetic anomaly for which there was no previous explanation of sufficient substance to warrant detailed investigation.
    For Further Information Contact: THUNDELARRA LIMITED Mr Tony Lofthouse - Chief Executive Officer Issued Shares: 275.5M +61 8 9389 6927
 
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