Thunderbird Resources (ASX:THB) has intersected elevated radioactivity in its aiden drilling program successfully completed at the 100%-owned Hidden Bay Uranium Project, located in Canada’s world-class Athabasca Basin.
“We’re very encouraged to have intersected important geological indicators in two of the five drill-holes completed at the Hidden Bay Project,” Executive Chairman, George Bauk, said.
“The evidence from these two holes suggest we have many of the right ingredients for a typical unconformity uranium mineralising system, with drilling giving us invaluable structural, geological and stratigraphic information that will assist greatly in the next phase of exploration.
“The programme has been executed safely, efficiently and effectively thanks to our geological and drilling contractors (Dahrouge and QB Drilling respectively). We now require some time to analyse and interpret the geological data acquired, including the assay data, and then plan our follow-up programs.
“The information we have gathered provides clear vectors for follow-up exploration, initially using low-cost geophysical methods, to unlock the potential of this highly prospective project.”
The last drill hole in the programme (DDHB24-005), which was completed to a depth of 461m, intersected a significant graphitic and pyritic shear zone from 438.9m to 441m down-hole, with elevated radioactivity of up to 597 counts per second (cps) recorded in the down-hole gamma probe.
Next Steps
Samples from the drilling programme have been submitted for geochemical assay with results expected in around 6-8 weeks. This geochemical data, along with all geological and structural data from the drilling program, will be integrated and interpreted and then used to plan further ground exploration.
Ground geophysics techniques (Induced Polarisation (IP)/Resistivity) in the vicinity of drill hole DDHB24-005 are currently being planned.