...damit die zeit bis zum kursanstieg nicht so lang wird...
...Source MARKET NEWS
Time 03:28:23 AM
Company Thunder Sword Resources Inc.
Title Fugro Provides Interpretation on Thunder Sword R
CDNX Symbol: THU
Fugro Provides Interpretation on Thunder Sword Resources' Douglas River/Cluff
Lake Property, Athabasca Basin, Saskatchewan ---> 1098@NEWS RELEASE THUNDER
SWORD RESOURCES INC ("THU-V")
- Fugro Provides Interpretation on Thunder Sword Resources' Douglas
- River/Cluff Lake Property, Athabasca Basin, Saskatchewan
Thunder Sword Resources Inc. ('Thunder Sword' or the 'Company') is
pleased to announce that it has now received the preliminary report from
Patterson Geophysics detailing its interpretation of Fugro's Airborne
Megatem Survey conducted on its 10,274 hectare Douglas River/Cluff Lake
Property, Athabasca Basin, Saskatchewan.
The interpretation presented by Patterson Geophysics indicates that
there exists a strong SW-NE magnetic trend delineating a major fault
system on its Douglas River/Cluff Lake property, which is located
approximately 30 km southeast of the Cluff Lake Mine. A broad zone of
conductivity is associated with the northwest fault block. Several other
possible conductors may also be present. The Beatty River fault cuts
diagonally across the Douglas River/Cluff Lake property. This fault is
hypothesized to have some structural control in the Shea Creek
mineralization to the east. Results from the ground follow-up geophysics
of the airborne anomalies are expected to be carried out on the Douglas
River/Cluff Lake property in the New Year.
Mr. Peter Cowdery, the Company's VP of Exploration having reviewed the
report presented by Patterson Geophysics, has stated that, "As with the
other properties on which we have received very positive reports and
findings from Bill Patterson, we are once again very encouraged by the
results at Douglas Lake and will now proceed to do a follow up ground
program to better define and delineate potential drill targets."
The Company looks forward to providing additional updates on its
Athabasca Basin Uranium properties as it proceeds.
Stephen B. Butrenchuk, P. Geol. is the Qualified Person as defined by
NI43-101 whom has reviewed this news release.
The Company has received acceptance from the TSX Venture Exchange for
their stock option plan for its directors, officers and advisors whereby it
has reserved up to 10% of its issued share capital for issuance upon
exercise of options granted under the plan.
The Directors of the company have granted options to purchase 1,500,000
shares of the company exercisable at $2.25 for a period of two years.
About Thunder Sword Resources Inc.
Thunder Sword's primary objective is to identify and develop
significant uranium discoveries in the Athabasca Basin in Saskatchewan.
Thunder Sword also operates, under license, the Geermu project which
produces high purity magnesium chloride in China and holds and operates
the Pipe Lake gold property situated in Ontario which consists of 42
Forward Looking Statements
This News Release may contain forward-looking statements including but
not limited to comments regarding the timing and contents of upcoming work
programs, geophysical, geological interpretations, etc. Forward-looking
statements address future events and conditions and therefore involve
inherent risks and uncertainties. Actual results may differ substantially
from those currently anticipated in such statements. Thunder Sword
Resources relies on litigation protection for forward-looking statements.
Matty Goldstein, Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this News Release.
Capitalization Report for Thunder Sword Resources Inc
Shares Issued: 10419578
Shares Escrow: 0
TSX Venture closing price for Thunder Sword Res
Closing Price: 2.210
TOLL FREE: 866-328-3188 Gordon Nesbitt, I.R.
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