Thunderstruck Resources renews prospecting license for Liwa Project, Fiji
Thunderstruck Resources Ltd. [TSXV: AWE; OTC: THURF] reported that construction of the exploration camp and access road at its high-grade Liwa Gold-Silver Project, Fiji, Resources has been completed. Mobilization of the drilling contractor and the Company’s technical services team to Liwa is now underway.
The 2026 exploration program at Liwa is expected to include geochemical sampling, geophysical surveys and an initial diamond drill program designed to advance and further evaluate the project’s gold-silver potential.
Further details regarding the scope, timing and objectives of the 2026 exploration program will be announced once the exploration team is fully established at camp.
The company announced the renewals of Special Prospecting Licenses 1425 (in which the Liwa epithermal gold-silver, Rama porphyry copper-gold, and Nakoro VMS prospects are located) and SPL 1416 (Korokayiu VMS). The timing of these renewals are expected to allow the company to complete the Liwa exploration campaign followed by the initiation of a late-year exploration program at Korokayiu. Further details will be announced as plans are finalized.
Liwa Gold/Silver epithermal/porphyry prospect features four high-grade precious metals targets over a 3km structural corridor and is open in all directions. Comprehensive geochemical and geophysical campaigns by the Company resulted in the discovery of numerous zones of alteration returning anomalous soil, outcrop, float and trench gold grades with coincident geophysical anomalies at depth.
Korokayiu high-grade zinc-copper VMS prospect offers potential for near-surface open-pit development as mineralization occurs within 100 metres of surface and remains open along strike and at depth. Historic and recent drilling, surface sampling and geophysical programs have confirmed favourable mineralization and stratigraphy with high grade zinc-copper-gold-silver mineralization.
The company has arranged a non-brokered private placement of 12,020,967 common shares (the Offered Shares) at a price of $0.15 per Offered Share for aggregate gross proceeds of $1,803,145.05. No warrants will be issued. The Placement is fully allocated between two parties: Zhaojin International Gold (Hong Kong) Limited which will maintain its 19.99% interest in the company through the acquisition of 2,402,964 Offered Shares by exercising in full its participation right granted under the investor rights agreement dated May 20, 2026 and Asia Pacific Group PTE Ltd (APG), or its affiliates, who will acquire 9,618,003 Offered Shares. Together with its existing holdings, the acquisition will result in APG holding 18% of the company’s issued and outstanding shares. No finder’s fees are payable in connection with the Placement.
Proceeds of the Placement will be used to fund exploration programs on the company’s Fiji properties and for general working capital. The placement is subject to regulatory approval, including approval of the TSX Venture Exchange.
Thunderstruck Resources is a Canadian mineral exploration company focused on the discovery of high-value copper-gold porphyry, gold-silver epithermal and VMS base-metal deposits on the main island of Viti Levu, Fiji.
Fiji has a long history of mining, including more than 75 years of activity at the prolific Vatukoula Gold Mine, alongside several advanced development projects, including Tuvatu (Lion One Metals) and Namosi (Newmont).