Thundelarra lifts Doolgunna hopes

Thundelarra lifts Doolgunna hopes

NICK EVANS The West AustralianJuly 15, 2014, 7:26 am

• Explorer Thundelarra has added to the new wave of excitement over the Doolgunna region in the State's Mid West after drilling results from its Red Bore project yesterday made the company the biggest mover on the Australian exchange.

Thundelarra shares surged 16.5c, or 143 per cent, to close at 28c, with the price hitting a 29c high in intraday trading.

More than 28 million shares changed hands after the company released drilling results that included an intersection of 28.4 per cent copper, 1.3 grams a tonne gold and 32.2gpt silver from just 30m below the surface.
The results follow May results that included a 65cm intersection grading 36 per cent copper.
Red Bore is only a few hundred metres from Sandfire Resources' DeGrussa copper-gold mine, and Thundelarra is one of a raft of Sandfire neighbours benefitting from resurgent interest in the region on the back of exploration campaigns.
Talisman Mining has seen renewed interest in its shares since Sandfire launched a diamond drilling campaign on its nearby tenements.
Former Sandfire chairman Miles Kennedy's Resource and Investment has also seen solid market interest in activity at its Forrest copper-gold project.
Thundelarra chief executive Tony Lofthouse said yesterday the company hoped to kick off its next drilling campaign at Red Bore within a month, to chase the high-grade mineralised pipe the company believes it has discovered.