Thundermin Resources Inc.
TSX : THR

Thundermin Resources Inc.

June 09, 2008 08:00 ET

Thundermin and Cornerstone Intersect Copper Mineralization Over 74 Metres in a New Sulphide Zone on the Little Deer Property in Newfoundland

TORONTO, ONTARIO--(Marketwire - June 9, 2008) - Thundermin Resources Inc. ("Thundermin")(TSX:THR) and 50% joint venture partner Cornerstone Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) announce that they have intersected a new copper zone in hole LD-98-07D on the Little Deer property. This zone is comprised of 74 m of disseminated, stringer, semi-massive and massive sulphide mineralization containing various amounts of chalcopyrite, pyrrhotite and pyrite within moderately to intensely altered mafic volcanic rocks. The center of this copper-bearing zone occurs at a vertical depth of approximately 633 m and it is located approximately 50 m north of the high-grade copper horizon that has been the focus of Thundermin's and Cornerstone's drilling program on the property to date. The lateral and vertical extent of this zone, as well as its true thickness, are unknown at this time as previous drilling does not appear to have tested this zone.

Core samples from hole LD-98-07D have been sent for analysis to Eastern Analytical Limited, an independent and qualified assayer located in Springdale. The results will be released when they are received which is expected to be within the next two weeks. Drill hole LD-98-07E, designed to test this new zone approximately 50 m above the intersection in hole LD-98-07D, is currently in progress as part of the on-going, $1.0 million exploration program on the property which is located approximately 10 km north of Springdale in north-central Newfoundland.

Thundermin, the operator, and Cornerstone have the option, on a 50/50 basis to earn a 100% interest in the Little Deer copper deposit and adjacent property from Weyburn Investments Ltd. Thundermin, under its joint venture agreement with Cornerstone, has the right to increase its interest in the Little Deer 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 on the Little Deer copper deposit and the terms of the agreement with Weyburn can be found in news releases dated May 1, June 21, July 9, October 30, December 11, 2007 and January 24, April 9 and May 15, 2008 and 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 supervising 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 and 2008 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 and remaining half of the core is kept for future reference. Blanks, duplicates and standards are routinely used as part of the assay procedures.

Thundermin and Cornerstone would like to acknowledge the financial support received from the Junior Exploration Assistance (JEA) Program of the Province of Newfoundland and Labrador in carrying out the above referenced diamond drilling program.

Forward-Looking Statements

This news release may contain "Forward-Looking Statements" that involve risks and uncertainties, such as statements of Thundermin's plans, objectives, strategies, intentions and expectations. The words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify "Forward-Looking Statements". Although Thundermin believes that its expectations reflected in these "Forward-Looking Statements" are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings that can be viewed on the SEDAR website at www.sedar.com. For us, uncertainties arise from the behaviour of financial and metals markets and from numerous other matters of national, regional, and global scale, including those of an environmental, climatic, natural, political, economic, business, competitive, or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our "Forward-Looking Statements". Although Thundermin believes the facts and information contained in this news release to be as correct and current as possible, Thundermin does not warrant or make any representation as to the accuracy, validity or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While Thundermin anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the "Forward-Looking Statements" contained herein.

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

Contact Information

  • Thundermin Resources Inc.
    John B. Heslop
    President & CEO
    (416) 364-0001
    or
    Thundermin Resources Inc.
    James W. Gill
    Chairman
    (416) 450-1851
    Email: info@thundermin.com
    Website: www.thundermin.com