Thunderbird Resources (ASX:THB) is evaluating strategic options and joint venture opportunities to advance its Surprise Creek Uranium-Copper Project in the Athabasca Basin, Canada.
The company’s decision to seek these opportunities comes from its core focus on the newly-acquired Rockvale and Kookabookra antimony-gold projects in New South Wales.
“Along with the strategic review of the Surprise Creek Project, the company is looking at ways to source capital through joint ventures or to secure a partner to advance the Cluff Lake Uranium Project,” Executive Chairman George Bauk says.
“While we still have a strong conviction on these assets, we need to prioritise our funds, resources, and personnel on our main focus, which is the Rockvale and Kookabookra antimony-gold projects in Australia.”
A detailed airborne geophysical survey at Surprise Creek in September has highlighted a strong uranium radiometric anomaly, which lies over the Surprise Creek Fault prospect.
Thunderbird reports the highest part of the anomaly is coincident with outcropping uranium mineralisation, where previously conducted sampling results returned grades up to 7.98% triuranium octoxide and 0.67% copper.
Thunderbird intends to conduct on-ground follow-up work of the new uranium targets uncovered from radiometric data in the first half of 2025.
An application to drill test the Surprise Creek Fault prospect has been submitted to the Saskatchewan Government and is being assessed.
Meanwhile, at the Cluff Lake Project, a detailed interpretation of newly acquired magnetic, radiometric data will be completed to help construct a litho-structural and exploration model for the uranium and copper targets.
Further, Thunderbird is preparing to begin maiden ground-based exploration work early next year across the Rockvale and Kookabookra antimony-gold projects, and is currently compiling historical data.
Bauk says the data extends for over 100 years, much of which is being digitised for the first time.
A compilation and review of the regional geophysical data has already been completed, which will assist the company to develop an understanding of the geological and structural controls on mineralisation within the region.
The Rockvale Project covers 358km2 and is located immediately adjacent to Larvotto Resources (ASX:LRV) Hillgrove Gold-Antimony Project — thought to be the largest antimony deposit in Australia, with a resource estimate of 1.7 million ounces of gold-equivalent @ 7.4 grams per tonne.
Thunderbird Resources is a mineral explorer focused on its diversified project portfolio considered prospective for antimony-gold, uranium, and copper.
Write to Aaliyah Rogan at Mining.com.au
Images: Thunderbird Resources
