Crocodile Gold’s Joint Venture Partner, Thundelarra, Commences Drilling on Thunderball Uranium Deposit

Crocodile Gold Corp. (TSX:CRK) reports that their joint venture partner, Thundelarra Exploration Ltd. (ASX:THX) have began their 2011 drilling program on the Thunderball uranium deposit.

The press release is quoted as saying:

Further interpretation of existing drill data has identified that very high grade mineralization occurs in close proximity to the hinge axis of the Thunderball anticline, as shown on the cross-section in Figure 3. Drill hole logging has revealed a brittle-ductile deformation zone associated with the hinge, with favourable stratigraphic horizons within the Mt Bonnie Formation and Gerowie Tuff hosting uranium mineralization. Importantly, the majority of drilling carried out to date is situated on the flank of the anticline, well west of the prospective hinge zone, as shown on the drill plan in Figure 4.

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