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Last TradedTransaction VolumeSentiment Stockscore/Rating     Learn More               Seller (ID)11/21/2006 3:23:00 PM N/A29                     N/AIndustryShares OutstandingMarket CapGold52,308,1673,661,572P / E RatioEPSTrade Now -7.5-0.01DividendDividend DateYieldN/AN/AN/ABuyer (ID)Seller (ID)Convert Currency... In Canadian Dollars In US Dollars Remove Conversion          N/AN/AQuotes and charts delayed at least 20 minutes for NYSE/AMEX, 15 minutes for other exchanges.

 

Pyritic Copper-Zinc-Silver-Gold Massive Sulphides in the Linda 2 Deposit on its 100% Owned RLM Property, Snow Lake Area, Manitoba
Monday November 27, 4:57 pm ET


TORONTO, ONTARIO--(CCNMatthews - Nov. 27, 2006) - Thundermin Resources Inc. ("Thundermin") (TSX:THR - News) announces that a diamond drilling program consisting of 2,769 m of drilling in three holes combined with borehole geophysical surveys has been completed on its 100% owned Rod-Linda-McKayseff ("RLM") copper-zinc property located in the Snow Lake area of northern Manitoba. The program was designed to determine if economic grade copper-zinc mineralization exists along plunge to the northeast in the Linda 2 massive sulphide deposit.
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All three holes in the current program were collared from the same set-up and were designed to intersect the Linda 2 deposit approximately 300 m along plunge to the northeast from a 2002 hole (480-02-05W1) which was the easternmost hole to intersect the deposit. 480-0205W1 intersected two sub-zones of massive sulphides that assayed 1.4% Cu, 0.3% Zn, 25.2 g/t Ag and 2.0 g/t Au over 5.0 m and 0.2% Cu, 1.6% Zn, 3.5 g/t Ag and 0.3 g/t Au over 9.6 m within an overall 30.3 m interval of massive sulphides that assayed 0.52% Cu, 0.63% Zn, 9.0 g/t Ag and 0.8 g/t Au at a vertical depth of approximately 700 m (see news release dated December 19, 2002).

RLM06-01, the first hole of the 2006 campaign, intersected thick sections of hydrothermal alteration typically associated with other massive sulphide deposits in the Snow Lake camp but undercut the down plunge projection of the Linda 2 massive sulphide deposit. RLM06-02 intersected a 4.0 m interval at a vertical depth of approximately 710 m containing 2-20% pyrite, trace to 4% pyrrhotite and trace to 3% sphalerite within a staurolite-cordierite-garnetanthophyllite-sericite alteration zone that represents the up-dip projection of the Linda 2 massive sulphide horizon. The best assay in these disseminated sulphides was 3.45% Zn and 7.0 g/t Ag over 0.20 m (see Table 1). RLM06-03 intersected 14.9 g/t Ag and 12.1 g/t Au over 1.62 m from 808.08 to 809.70 m within a staurolite-kyanite-biotite-chlorite schist alteration zone. Similar, high grade gold values were encountered up plunge in historical drilling. RLM06-03 also intersected the Linda 2 massive sulphide horizon at a vertical depth of approximately 760 m assaying 0.72% Cu, 0.27% Zn, 11.3 g/t Ag and 1.0 g/t Au over 15.57 m, including 0.94% Cu, 0.30% Zn, 17.5 g/t Ag and 1.2 g/t Au over 4.53 m.

Borehole geophysical surveys suggest that the Linda 2 deposit continues further to the northeast and that this would be an excellent area for further diamond drilling. Even though the last two drill campaigns have successfully extended the large Linda 2 base metal deposit a further 500 m along plunge to the northeast from the historical drilling undertaken by Falconbridge Limited ("FL"), the overall copper grade has increased only marginally. As a result, Thundermin has not determined whether to undertake another drill campaign at this time or to seek a joint venture partner to further evaluate the property.




Table 1
--------------------------------------------------
Hole # Az Dip From To Interval Cu Zn Ag Au
(degrees) (degrees) (m) (m) (m) (%) (%) (g/t) (g/t)
--------------------------------------------------
RLM06-02 180 -73 805.8 806.0 0.20 tr 3.45 7.0 tr

RLM06-03 176 -78 808.08 809.70 1.62 tr tr 14.9 12.1
(incl) 808.08 809.00 0.92 0.09 tr 22.0 18.1

853.47 869.04 15.57 0.72 0.27 11.3 1.0
(incl) 853.47 858.00 4.53 0.94 0.30 17.5 1.2
853.47 854.84 1.37 1.15 0.40 15.5 1.7
856.22 858.00 1.78 1.12 0.35 16.3 1.1
--------------------------------------------------
(i) all intervals are approx. true thickness


The 2006 drill program was supervised by Anthony J. Spooner, P. Geo., President of A. J. Spooner Exploration Services and qualified person for the purposes of NI 43-101. Mr. Spooner has reviewed and approved the contents of this release. All 2006 drill holes were NQ in size. The core was logged and mineralized sections, where appropriate, were sawn in half at Thundermin\'s core logging facility. Half of the core was submitted for analyses to TSL Laboratories, an independent and qualified assayer located in Saskatoon, Saskatchewan. Blanks, duplicates and standards were used as part of the assay procedures.

The Linda 2 deposit is a rod-shaped, massive sulphide lens (predominately pyrite) that plunges 20 degrees - 30 degrees to the northeast. It has a dip length of 150 to 200 m, ranges up to at least 50 m in thickness (average thickness approximately 15.8 m) and has been traced by drilling over a plunge length of approximately 2,100 m where it remains open down/along plunge below a vertical depth of approximately 760 m (see attached longitudinal section).

The RLM property also hosts the past-producing Rod 1 and Rod 2 deposits, from which 0.7 Mt of ore grading 7.2% Cu, 3.0% Zn, 14.7 g/t Ag and 1.4 g/t Au was mined in the 1970\'s and 1980\'s. Prior to the 2002 and 2006 drilling campaigns, the Linda 2 massive sulphide deposit was believed to contain an inferred mineral resource of 11.8 Mt grading 0.3% Cu, 0.8% Zn, 10.3 g/t Ag and 0.9 g/t Au. This historical mineral resource was prepared manually by FL in 1978 employing the polygonal method, prior to the introduction of NI 43-101. While Thundermin believes that this historical resource estimation was carried out in accordance with industry best practices at the time, Thundermin cautions that it should not be relied upon. An independent QP has not audited or classified this historical estimate as current mineral resources nor has Thundermin undertaken a new resource calculation encompassing the new drill data from the 2002 and 2006 drilling campaigns.

In December 2003, Thundermin acquired the remaining 70% interest, to hold a 100% interest subject to certain underlying royalties, in the RLM property from Aur Resources Inc. ("Aur") in a transaction related to the sale by Aur of all of its base metal properties located in Manitoba and Saskatchewan. Aur retains a back-in right to reacquire a 42% interest in any deposit found on the property, which contains a mineral resource of at least 225,000 t of copper or copper equivalent. Should Thundermin enter into a joint venture on the property with a major mining company, Aur\'s back-in right is reduced to 14%.

A technical report dated December 1, 2005 entitled "Technical Report on the Rod-Linda-McKayseff Base Metal Property, Snow Lake Area, Manitoba, Canada, NTS Map Sheet 63J/13", which was prepared on behalf of Thundermin by John B. Heslop, President & CEO of Thundermin, and Howard R. Stockford, P. Eng., President of Stockford Consulting Inc., for the purpose of fulfilling the requirements of NI 43-101 and for general public disclosure purposes has been filed on SEDAR at www.sedar.com.

To view a map of the RLM property at Snow Lake, Manitoba, please click the link below:

http://www.ccnmatthews.com/docs/THR1128map.pdf



Contact:
John B. Heslop
Thundermin Resources Inc.
President & CEO
(416) 364-0001

Hugh D. Harbinson
Thundermin Resources Inc.
Managing Director
(416) 364-0001
Email: info@thundermin.com


--------------------------------------------------
Source: Thundermin Resources Inc.
 

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Thundermin and Cornerstone Commence 6,200 Metre Follow-Up Diamond Drilling Program on the Little Deer Copper Property, Newfoundland
Thursday January 24, 8:00 am ET

TORONTO, ONTARIO--(Marketwire - Jan. 24, 2008) - Thundermin Resources Inc. ("Thundermin") (THR:TSX) and 50% joint venture partner Cornerstone Resources Inc. ("Cornerstone") (TSX VENTURE:CGP - News) announce that a $1,000,000 follow-up exploration program, including 6,200 metres of diamond drilling, has commenced on the Little Deer copper property located approximately 10 km north of Springdale in north-central Newfoundland.

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The purpose of the current drill program, which follows 4,940 m of drilling in 8 holes completed in 2007, is : 1) to discover additional high-grade copper and/or copper-zinc mineralization in the western portion of the Little Deer property; and 2) to further define the continuity, grade and distribution of the high-grade copper mineralization intersected in relatively wide-spaced (50-100 m) holes that have been drilled in the eastern portion of the property below and along strike from areas that were mined in the Little Deer copper deposit in the early 1970's.

A strong, 1,800 m long, shallowly westerly plunging, surface DEEPEM geophysical conductor transects the entire Little Deer property (see Longitudinal Section). This conductor is coincident with the copper-bearing sulphide mineralization that has been intersected in drilling in the eastern portion of the property. The western 700 m of this conductor has been tested with only four shallow holes drilled in 1966. One of these holes intersected 1.5% Zn and 2.5 g/t Au over 1.4 m, including 1.7% Zn and 3.1 g/t Au over 0.8 m, while another intersected 0.5% Zn over 9.5 m. These historical intersections may represent a shallow, more zinc-gold rich portion of the main Little Deer copper-bearing horizon which may occur at depth in this area. In order to evaluate this interpretation, two wide-spaced holes are planned for this western portion of the property. The first hole, LD-08-09, has been collared to intersect the projected mineralized horizon at a vertical depth of 550 m, approximately 225 m west of historical hole LD-00-12, which is the westernmost hole drilled to date at this depth and which intersected 3.8% Cu over a core length of 10.7 m (see Longitudinal Section). In addition, historical hole LD-66-136 which was drilled approximately 400 m up plunge to the northeast from the projected intersection for hole LD-08-09, intersected 1.9% Cu over 6.1 m. The second hole will be collared to intersect the projected mineralized horizon a further 200 to 225 m west of hole LD-08-09. It is anticipated that each of these holes will be approximately 675 m in length.

Relatively wide-spaced diamond drilling, undertaken by Thundermin and Cornerstone in 2007 along with historical drilling undertaken from 1998 to 2000 and in 1966 and 1967, has been successful in intersecting appreciable copper mineralization over mineable widths below and along strike from areas mined in the Little Deer copper deposit in the early 1970's. For example, 2.5% Cu was intersected over a core length of 5.5 m in hole LD-07-02; 2.0 % Cu over 10.1 m in LD-07-06; 4.5 % Cu over 8.8 m in hole LD-07-07, including 7.5 % Cu over 3.8 m; 3.0% Cu over 7.3 m in LD-98-02; 3.1% Cu over 12.9 m in LD-98-03; 4.3% Cu over 9.6 m in LD-98-04; 2.3% Cu over 8.2 m in LD-98-05; 2.9% Cu over 5.8 m in LD-98-07; 2.5% Cu over 8.3 m in LD-98-08; 3.8% Cu over 10.7 m in LD-00-12; and 3.5% Cu over 8.0 m in LD-66-135. (see news releases issued by Thundermin and Cornerstone dated May 1, June 21, July 9, October 30 and December 11, 2007 or visit Thundermin's and Cornerstone's respective websites at www.thundermin.com and www.cornerstoneresources.com or visit SEDAR at www.sedar.com for more details on the Little Deer property).

In order to define the continuity, grade and distribution of the high-grade copper mineralization intersected in the eastern portion of the property, which remains open to the east, west and at depth, Thundermin and Cornerstone plan to re-enter holes LD-00-12, LD-98-07 and LD-07-02 and use them as pilot holes employing directional drilling techniques. These holes have intersected ore grade copper mineralization over mineable widths over a strike length of approximately 300 m and at vertical depths from 535 to 630 m. Approximately six additional holes, spaced on 50 m centres, will be attempted from each of these pilot holes to obtain the data necessary to undertake a resource calculation for the deposit. Directional drilling technology has the potential to reduce overall drilling costs significantly since these new holes will be collared from the pilot hole.

Drill hole LD-07-08, the final hole of the 2007 program, intersected the mineralized horizon at a vertical depth of 622 m, approximately 165 m east of hole LD-07-02 which assayed 1.2% Cu over 25.5 m, including 2.5% Cu over 5.5 m (see Longitudinal Section). Hole LD-07-08 intersected an upper mineralized interval containing disseminated chalcopyrite from 615.2 m to 619.6 m which assayed 0.24% Cu over 4.4 m. A late, barren, gabbro dyke cuts through this copper interval. Hole LD-07-08 intersected a zinc-gold enriched interval from 629.4 m to 635.9 m that assayed 0.74% Zn and 0.35 g/t Au over 6.5 m, including 3.1% Zn and 2.2 g/t Au over 0.5 m. Hole LD-07-08 is the eastern-most drill hole to date below the mine workings.

Thundermin and Cornerstone have the option, on a 50/50 basis with Thundermin as operator, to earn a 100% interest in the Little Deer copper deposit and adjacent property from Weyburn Investments Ltd. ("Weyburn"). Thundermin, under its joint venture agreement with Cornerstone, has the right to increase its interest in the property to 75% by completing a feasibility study and by arranging 100% of the necessary bank financing required to place the property into commercial production. Details of the terms of the agreement with Weyburn can be found on Thundermin's and Cornerstone's respective websites and on SEDAR.

Mr. Andrew Hussey, P.Geo., Project Geologist and Lands Manager, Cornerstone Resources Inc., is the qualified person that is responsible for carrying out the drilling program on the property for the purposes of National Instrument 43-101. Mr. Hussey has reviewed and approved the contents of this release. All 2007 drill holes are NQ in size. Specific gravity, rock quality determinations and photographic logging of significant mineralized intersections are performed systematically prior to assaying. The core is logged and the mineralized sections, where appropriate, are sawn in half at a core logging facility in Springdale. Half of the core is submitted for analyses to Eastern Analytical Limited, an independent and qualified assayer located in Springdale, Newfoundland. The remaining half of the core is kept for future reference. Blanks, duplicates and standards are routinely used as part of the assay procedures.

For further information on Thundermin Resources Inc. please visit Thundermin's website at www.thundermin.com or the SEDAR website at www.sedar.com.

Please note: A map is available on the Marketwire website at the following link: http://www.ccnmatthews.com/docs/map0124.pdf.


Contact:

John B. Heslop
Thundermin Resources Inc.
President & CEO
(416) 364-0001
Email: info@thundermin.com
Website: www.thundermin.com

Source: Thundermin Resources Inc.  

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