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An announcement from Thunderbird Resources ( (AU:THB) ) is now available.
Thunderbird Resources Limited announced the commencement of a 2,000-meter diamond drilling program at the Surprise Creek Uranium-Copper Project in the Athabasca Basin, Canada, by its joint venture partner, Mustang Energy Corp. This initiative aims to explore extensions of previously identified high-grade uranium mineralization, which has shown promising results. Mustang is investing CND$3 million to earn an 80% interest in the project, with Thunderbird retaining a 20% stake. This development positions Thunderbird to potentially benefit from further exploration success, especially as investor interest in the uranium sector grows.
More about Thunderbird Resources
Thunderbird Resources Limited operates in the mining industry, focusing on uranium and copper exploration. The company is engaged in a joint venture with Mustang Energy Corp. to explore the Surprise Creek Uranium-Copper Project located in the Athabasca Basin, Canada, a region renowned for its high-grade uranium deposits.
YTD Price Performance: 23.53%
Average Trading Volume: 2,204,821
Technical Sentiment Signal: Sell
Current Market Cap: A$8.18M
Find detailed analytics on THB stock on TipRanks’ Stock Analysis page.