Thunderbird Resources Limited has released an exploration update from its Kookabookra Gold Project in New South Wales, detailing encouraging geophysical survey results that have identified multiple exploration targets with favorable geological settings. A recently completed Gradient Array Induced Polarisation/Resistivity (GAIP) survey at the Mannix and Mt Secret prospects highlighted several significant chargeability anomalies, with values exceeding 10 milliseconds, indicating a potential presence of sulphides that are often associated with gold mineralization. In particular, the Mt Secret prospect recorded two major anomalies adjacent to a small gold-in-soil geochemical anomaly (over 10ppb Au, reaching up to 42ppb Au) in an area near known geological structures such as the Glen Bluff Fault. Similarly, at the Mannix prospect, the survey identified untested chargeability anomalies located south of a principal gold-in-soil anomaly, which has shown values up to 120ppb Au. Historical data indicates that previous drilling in these areas largely missed testing the currently identified chargeability anomalies, even though earlier holes encountered low-grade mineralization near associated geochemical signals. The recent IP survey has drawn comparisons with exploration successes at similar gold-antimony systems, particularly at the Hillgrove project, where a consistent correlation between chargeability and gold-antimony mineralization has been observed. In addition to this, promising rock chip and grab sample results from the Bear Hill-Butchers Reef area—where assays as high as 11.65g/t Au were recorded—have further bolstered the project’s exploration portfolio. Management is optimistic that these findings point to significant exploration upside within a relatively small part of the overall tenement area, suggesting the potential for more extensive discoveries across the project. A maiden drilling program is in the planning stages, with anticipated drill permit applications to be submitted later this month and drilling scheduled to commence in the fourth quarter of 2025. The upcoming on-ground follow-up work, including detailed geological mapping and additional soil sampling, will further refine the company’s target areas. Bullish sentiment surrounds the technical indicators and geological settings that underpin the company’s outlook. The strong chargeability anomalies, positive correlation with geochemical anomalies, and favorable structural associations suggest that the Kookabookra Gold Project is well positioned for significant discoveries—a view reinforced by management’s comments on the near-miss historical drilling results. On the bearish side, however, some caution remains as historical drilling only intersected low-grade mineralisation, and there is no guarantee that the newly identified targets will yield economically viable gold concentrations. For beginner traders, these mixed signals highlight both a promising exploration environment and the inherent risks associated with early-stage exploration projects.