Thundermin commences drilling programme at Little Deer project, Canada

9 February 2014 (Last Updated February 9th, 2014 18:30)

Canada-based Thundermin Resources and its 50% joint venture partner Rambler Metals and Mining Canada have commenced an initial 3,800m diamond drilling programme on the Little Deer copper deposit in north-central Newfoundland.

Canada-based Thundermin Resources and its 50% joint venture partner Rambler Metals and Mining Canada have commenced an initial 3,800m diamond drilling programme on the Little Deer copper deposit in north-central Newfoundland.

The project is located approximately 10km north of Springdale in north-central Newfoundland, and hosts the Little Deer and Whalesback copper deposits.

The drill programme will primarily focus on the higher grades located at the eastern portion of the Little Deer deposit.

"Rambler's mining expertise will add value to the assessment of re-establishing production at the Little Deer and Whalesback copper deposits." 

Thundermin Resources noted that this programme is mainly intended to increase the mineral resources outlined to date and to further upgrade the inferred resources to the indicated resource category.

Certain holes in the current programme will be targeted in a bid to expand the mineral resources in the Little Deer footwall zone splay, which is estimated to contain 797,000t of copper at a grading of 2.64%.

Under the terms of its joint venture agreement with Rambler, Thundermin can increase its 50% stake to 65% by completing a feasibility study, and to 75% by arranging 100% of the necessary bank financing required to place the property into commercial production.

Thundermin president and chief executive officer John B. Heslop noted that the company is looking forward to initiating this work programme with Rambler.

"Rambler has successfully brought the past-producing Ming mine in Newfoundland back into commercial production," Heslop said.

"It is hoped that Rambler's mining expertise will add value to the assessment of re-establishing production at the Little Deer and Whalesback copper deposits in the future."

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