Thunder Mountain Gold Inc. Announces Board Appointment
Thunder Mountain Gold Inc. Announces Board
Appointment
Vancouver, British Columbia and Boise, Idaho--(Newsfile Corp. - October 3, 2025) - Thunder Mountain
Gold, Inc. (TSXV: THM) (OTCQB: THMG) (the "
Company
" or "
Thunder Mountain
") is pleased to
announce the unanimous Board approval of the appointment of Mr. Ralph Noyes, current Board Member,
as Chairman of the Board. This appointment will split the duties of the Chairmanship, from the President
and Chief Executive Officers duties.
"We're excited to have Ralph serve in this leadership role," commented Eric T. Jones, President and
CEO. "Ralph
has served on the Thunder Mountain Gold Board since 2016, and has excellent board
and executive level experience from his years as a mining company executive and consultant. He
has proven exploration and development experience that will be instrumental as we advance our
exploration and development plans."
Mr. Noyes is a seasoned international mining executive with over 45 years of experience. He has a
wealth of experience in exploration, mine and project management, executive management, junior
mining company boards, and investment portfolio management. Ralph spent a large part of his career as
Manager of Mines and Vice President of Metal Mining with Hecla Mining Company, with direct corporate
operations responsibility for Yellow Pine Mine – Stibnite Idaho (gold); Lucky Friday lead silver in Silver
Valley, Idaho; Republic – Knob Hill Mine -gold silver in Washington state; The Escalante silver mine in
Utah; and Hecla's interests in the Galena and Coeur Mine in the Silver Valley, Idaho, and the Greens
Creek Mine in Alaska, along with the Rosebud Mine in Pershing County, Nevada.
His group discovered
and developed both the Golden Promise deposit in Republic and the Gold Hunter deposit near the Lucky
Friday Mine in Idaho. Ralph also managed several massive sulfide, gold, beryllium, germanium and
gallium projects across North America - from Mexico to Canada. Ralph most recently spent 15 years in
investment portfolio management with Salomon Smith Barney, then Wells Fargo Advisors.
He worked
with individuals and small businesses, specializing in working with mining executives.
The appointment reflects Thunder Mountain Gold's continued commitment and vision to advancing the
South Mountain resource to production and exploration of the South Mountain.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be
unlawful.
Regarding Thunder Mountain Gold, Inc.
Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and
precious metals projects in the western U.S. The Company's principal asset is The South Mountain
Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on
private land in Owyhee County Idaho. Thunder Mountain Gold also owns 100% of the Trout Creek
Project – a gold exploration project located along the western flank of the Shoshone Mountain Range in
the Reese River Valley, adjacent to and surrounded by Nevada Gold Mines, a Barrick and Newmont
Gold, Inc. joint venture. For more information on Thunder Mountain Gold, please visit the Company's
website at
www.Thundermountaingold.com
.
The South Mountain Project
The South Mountain Mine is a polymetallic development project containing high-grade zinc, silver, gold,
and copper, and is located on private land approximately 70 miles southwest of Boise, Idaho (See
Figure 1 above). The Project is on private land, permitting has been, and should remain straightforward.
The Project was intermittently mined from the late from 1940s to the late 1960s, most notably by
Anaconda Copper, with over 4,000 feet of underground developmental workings that that have been
rehabilitated, re-engineered, and are MSHA compliant. Thunder Mountain Gold Inc. purchased and
advanced the project from 2007 through Present, with expenditures into the project of approximately
US$25 million. Historic test mining and processing at the Project has mostly come from high-grade
Carbonate Replacement Deposits (CRD) and skarn zones that remain open at depth and along strike.
According to historical smelter records, approximately 53,642 tons of mineralized material have been
mined and direct shipped to the smelter, with average grades;
14.5% Zn, 10.6 o.p.t. Ag (363.42 g/t
Ag), 0.058 o.p.t. Au
(
1.98 g/t Au), 1.4% Cu, and 2.4% Pb
were realized (See SK-1300 Technical
Resource Statement, and NI 43-101 Technical Report: Updated Mineral Resource Estimate for the
South Mountain Project, dated December 31, 2023, and December 15, 2023, respectively. More details
are available on the Thunder Mountain Gold Inc. website and at
www.SEC.gov
, and
www.sedarplus.ca
).
Technical Data in this Release
The technical information in this news release was reviewed and approved by Tyson Forbush, C.P.G.,
consulting geologist with GeoTech LLC, and a "Qualified Person" as defined by the U.S. SK-1300
regulations & National Instrument 43-101 (Canada) standards.
Forward-Looking Statements
This press release contains forward-looking statements that are based on the beliefs of management
and reflect the Company's current expectations. Generally, forward-looking statements can be identified
by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and
phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connotation thereof.
The forward-looking statements are
based on certain assumptions, which could change materially in the future. By their nature, forward-
looking information involves known and unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking information. There can be no
assurance that forward-looking information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, investors should not place
undue reliance on forward-looking information. Forward-looking information is provided as of the date of
this press release, and the Company assumes no obligation to update or revise them to reflect new
events or circumstances, except as required in accordance with applicable laws.
Cautionary Note to Investors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information, please contact:
Thunder Mountain Gold, Inc.
Eric T. Jones
President and Chief Executive Officer
Office: (208) 658-1037
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/269043