Four Anomalies Identified by Fugro on Thunder Sword's Uranium Properties in the Athabasca Basin of Saskatchewan.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Thunder Sword Resources Inc. ("Thunder Sword" or "the Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:THU THU Thursday THU Tsinghua University (Beijing, China) THU Tony Hawks' Underground (video game) THU Pituffik, Greenland - Thule Airport (Airport Code) ) continues to compile information gathered during the first phase of its uranium exploration program in the Athabasca Basin The Athabasca Basin is a region of Northern Saskatchewan and Alberta Canada that is best known as the world's leading source of uranium. It currently supplies about 30% of the world's uranium. The basin is located just to the south of Lake Athabasca. of Saskatchewan. The spring 2006 airborne geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. field program was initiated to identify local geological structure and basement conductor axes in particular. Reports are being prepared which will provide the Company with interpretation, identification and follow-up recommendations based on the airborne geophysical data. Four of Thunder Sword's seven claim blocks are covered by this set of flight lines and the resulting geophysical data. The Dufferin Lake East and West, Pooky Lake, and Virgin Lake Properties are located in northern Saskatchewan, approximately 300 kilometres north-northwest of the town of La Ronge and approximately 115 kilometres west-northwest of the Key Lake Mine. During the period June 3 - 7, 2006, Fugro Airborne Surveys of Ottawa, Ontario conducted an airborne geophysical field program. In total, 2,107 line-kilometres of MEGATEM electromagnetic and magnetic survey coverage were completed by Fugro on the Dufferin/Virgin/Pooky Projects in the southern Athabasca Basin region of northern Saskatchewan. Fugro's modified Dash-7 surveying aircraft used Stony Rapids, Saskatchewan Stony Rapids is a small community in Northern Saskatchewan with a total population of 360 residents. Located 40-miles from the border of Northwest Territories, the community overlooks the Fond-du-Lac River. as its base. Patterson Geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. of La Ronge, Saskatchewan La Ronge is a community of about 3500 people in Northern Saskatchewan, Canada, 250 km north of Prince Albert. There are an additional 2000 people living in the Lac La Ronge Indian Reserve bordering the town[1] has prepared the following description based on the airborne data: "A total of four anomalies are identified here from Fugro's MEGATEM survey. Consideration has been given to magnetic data, local geology, and local topographic topographic describing or pertaining to special regions. features in the interpretations presented. Recommendations for follow-up surveys will appear in a second report. All of the anomalies presented are favourable prospects for mineral exploration." Conductor Overview [TABLE OMITTED] Each of the conductors are being considered for follow-up ground exploration. As indicated above continued work with the data will lead to recommendations for ground geophysics over the most promising targets. As the winter season begins to encompass the land our plans for Phase Two are being developed. The company is also reviewing the recommendations for its American Lake/ Botham Lake project where over 20 km of conductors appear in the airborne data. We also await further results from the Kercher Lake area project and the Douglas River claims. Thunder Sword will continue to provide news updates as information becomes available. About Thunder Sword Resources Inc. Thunder Sword's primary objective is to identify and develop significant uranium discoveries in the Athabasca Basin in Saskatchewan. The Company entered into an Option Agreement on March 3, 2006 to acquire a 51% interest in seven blocks of mineral claims (including American/Botham Lake) comprising approximately 74,772 hectares (184,761 acres), situated approximately 300 kilometers (kms) northwest of La Ronge, Saskatchewan. In order to exercise the Option, Thunder Sword is required to pay the Optionor, 101073531 Saskatchewan Ltd. (the 'Optionor') a total of $1,000,000, of which $500,000 is due on the date that the Option Agreement is accepted for filing by the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (the 'Exchange'), and the completion by Thunder Sword of an equity private placement of $2,000,000 (the 'Effective Date'). The remaining $500,000 is payable twelve months from the Effective Date. In addition, the Company is required to issue the Optionor 5,000,000 shares of the Company on the Effective Date (the 'Option Shares'). The Option Shares will be subject to standard escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. and release restrictions imposed by the Exchange. This Private Placement and Option Agreement are subject to applicable regulatory and TSX Venture approval. Matty Goldstein, Director The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release. |
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