Great Thunder Completes Due Diligence and Acquires the Southern Star Property, Fenelon Gold District of Quebec
Great Thunder Completes Due Diligence and Acquires the Southern
Star Property, Fenelon Gold District of Quebec
June 16th, 2020, Vancouver, British Columbia – Great Thunder Gold Corp. (CSE: GTG OTC: MLBVF
FSE: M4KQ-FF) (“Great Thunder” or the “Company”) is pleased to announce the completion of due
diligence and closing of its Southern Star acquisition.
The Southern Star Property (“Southern Star”) located 6.5km south of the Fenelon/Tabasco deposit
held by Wallbridge Mining Company (“Wallbridge”). The Southern Star addition now brings the
Company’s claims to a total of 10,677 hectares in the prolific district.
The Southern Star Property:
The Southern Star Property is made up of 146 claims which covers approximately 8,100 hectares
(81km2). It shares a 7km adjacent border with Midland Exploration’s r ecent claim acquisition
announced April 2, 2020, expanding their Gaudet property.
Great Thunder Completes Due Diligence and Acquires the Southern Star Property, 6.5km South
of the Wallbridge Mining’s Fenelon Deposit
Southern Star Geology
This new property acquisition, with encouraging gold and base metal potential, protects more than
81 km2 of the Brouillan-Fenelon geological Group, which is made up of f e l s i c t o m a f i c v o l c a n o -
sedimentary rocks. The Bapst Fault marks the contact between the Brouillan-Fenelon Group and
the Brouillan intrusive in the SW portion of this property. The Grasset Fault also crosses in part to
the NE of the property.
The Bapst Fault runs NW-SE through the SW part of the property. In the South-West section of the
property there was a historic silver intercept (SG3-1) along the Bapst Fault. The intercept returned
5.6g/t Ag over 1.4m and 5g/t Ag over 1m within drill holes (Mercier et al., 1996). This silver intercept
was targeted within an area of conductor anomalies and a VTEM t arget identified by Midland
Exploration in 2017.
There are two additional distinct electro-magnetic (“EM”) targets located on this property and it
covers 11km along the extension of the Lower Detour Fault. There has been little historical work
to test these different targets on the property, yet.
Acquisition Terms
Pursuant to two definitive agreements dated June 13, 2020, Grea t Thunder acquired a 100%
interest, subject to a 3% net smelter returns royalty, in the Southern Star property from the vendors
by paying $12,500 and issuing 450,100 common shares.
Great Thunder can purchase 2% (or 2/3) of the net smelter retur ns royalty at any time for
$3,000,000.
Qualified Person
Donald Théberge, P .Eng., M.B.A. is the Qualified Person within the meaning of National Instrument
43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has reviewed and approved
the technical content of this news release on behalf of the Company.
About Great Thunder Gold
Great Thunder Gold is a junior Canadian mining exploration company focused on exploration and
development along the Detour Gold trend in Quebec. The Company is the second largest mineral
claim holder next to the leading Wallbridge Mining (post-comple ted merger with Balmoral
Resources.
On Behalf of the Board of Directors,
GREAT THUNDER GOLD CORP .
“Richard Macey”
President & CEO
Email: [email protected]
Direct Line: (604) 537-4174
www.greatthundergold.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statement
This news release may contain certain “forward looking statements”. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results,
p e r f o r m a n c e o r a c h i e v e m e n t s o f t h e C o m p a n y t o b e m a t e r i a l l y d i fferent from any future results,
performance or achievements expressed or implied by the forward-looking statements. Any forward-looking
statement speaks only as of the date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or otherwise.