THUNDERSTRUCK RES LTD - THURF STOCK NEWS

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Thunderstruck Resources Ltd. (TSXV: AWE) (OTC: THURF) is a Canadian mineral exploration company focused on discovering high-value copper-gold porphyry, gold-silver epithermal, and VMS base-metal deposits on Viti Levu, Fiji. The company has substantial copper showings in the Rama-Senikura Copper/Gold Prospect and is capitalizing on strong copper prices and a projected long-term supply deficit. With recent private placements, Thunderstruck aims to advance its exploration projects and define priority drill targets at Rama-Senikura for core drilling. The company's mission is to become the premier explorer in the Rama-Namosi copper-gold belt.

05/07/2024 09:31 AM

News

Thunderstruck Provides Update on Rama Porphyry Copper-Gold Project, Fiji

Rhea-AI Summary

Thunderstruck Resources provides an update on its Rama porphyry copper-gold project in Fiji, highlighting significant exploration activities and discoveries. The company expands the footprint of the original Rama discovery, makes new copper-gold discoveries, and identifies additional exploration targets. Thunderstruck aims to position itself as a leading explorer in the Rama-Namosi copper-gold belt. The company's 2024 exploration program includes prioritizing copper-gold targets for drilling and enhancing ground access through road construction. Thunderstruck plans core drilling on priority targets to uncover the full potential of the Rama project.

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Thunderstruck Announces Private Placement and Exploration Plans for Regional Copper District

Rhea-AI Summary

Thunderstruck Resources announces a private placement of up to $1,000,000 to advance the Rama-Senikura Copper/Gold Prospect in Fiji and for general working capital. The company aims to capitalize on strong copper prices and a projected supply deficit by focusing on its Rama copper/gold porphyry, strategically located near Newmont's Namosi project. The private placement involves the sale of 16,666,666 units at $0.06 per unit, with each unit comprising one common share and one share purchase warrant. Directors and officers will acquire securities under the placement, and funds will be used for drilling and exploration at the Rama-Senikura prospect.

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FAQ

What is the current stock price of THUNDERSTRUCK RES (THURF)?

The current stock price of THUNDERSTRUCK RES (THURF) is $0.038 as of October 7, 2024.

What is the market cap of THUNDERSTRUCK RES (THURF)?

The market cap of THUNDERSTRUCK RES (THURF) is approximately 1.5M.

What is Thunderstruck Resources Ltd. focused on?

Thunderstruck is focused on discovering high-value copper-gold porphyry, gold-silver epithermal, and VMS base-metal deposits in Fiji.

What recent achievements does Thunderstruck Resources Ltd. have?

Thunderstruck has arranged a private placement to advance the Rama-Senikura Copper/Gold Prospect and general working capital.

How does Thunderstruck plan to capitalize on strong copper prices?

Thunderstruck aims to define priority drill targets at Rama-Senikura for core drilling to enhance the economic potential of the Rama copper-gold project.

What is the company's mission in the mining industry?

Thunderstruck aims to become the premier explorer in the Rama-Namosi copper-gold belt by expanding its exploration portfolio in Fiji.

What projects does Thunderstruck Resources Ltd. own?

Thunderstruck owns 100% interests in two copper-zinc massive sulfide projects at Nakoro and Korokayiu in Fiji.

Who is the CEO of Thunderstruck Resources Ltd.?

Bryce Bradley is the Chief Executive Officer of Thunderstruck Resources Ltd.

Where does Thunderstruck Resources Ltd. trade its stock?

Thunderstruck trades on the Toronto Venture Exchange (TSXV) under the symbol 'AWE' and United States OTC under the symbol 'THURF'.

What is the immediate focus of Thunderstruck's exploration activities?

The company's immediate focus is on prioritizing copper-gold targets at Rama for drill testing.

How does Thunderstruck plan to enhance the economic potential of the Rama project?

Thunderstruck has expanded its exploration land holdings and identified new copper-gold targets to enhance the economic potential of the Rama project.

Who is the Qualified Person for Thunderstruck's technical information?

Eric Roth, a Non-Executive Director of Thunderstruck, is a Qualified Person under NI 43-101 and responsible for the technical information related to the Rama Copper-Gold Project.