Thunderbird Resources (ASX: THB)

THB holds a 618km2 land package of highly prospective ground in NSW’s famed New England Orogen (NEO), and is about to launch an aggressive drilling campaign targeting gold, antimony and silver. 

The Kookabookra project has strong potential for a large intrusion related gold system (IRGS) that has many high grade offshoots. One of its prospects, Bear Hill, has historical production of 3,100 ounces at 24.4g/t Au, and THB has found high grade rock chips up to 153.5g/t Au at Mt Secret – which is about to be drilled.

Economic mineralisation does not need to be present across large surface dimensions or even extreme depth to equate to a sizeable deposit – QLD’s Kidston IRGS produced a whopping 5Moz in just 16 years from a 1,100m by 900m (1km2) footprint that extended 300m deep.

The Rockvale project is right in between LRV and TMG, and is also full of historical production sites with mineralisation – some of which likely trend along the Hillgrove and Chandler faults from LRV’s Hillgrove Project. One of these prospects is Achill, which has recorded 4.65% Sb and 265g/t Ag at workings up to 15m deep – but has never been drilled. Another prospect further west is Taits Gully, which has old workings that extend 150m deep and has recorded outstanding grades of 76g/t Au, 4,350g/t Ag and 4.1% Sb.

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