Great Thunder Expands Southern Star Property, Fenelon Gold District Prospectair contracted for geophysical survey on all GTG projects in the Camp
Great Thunder Expands Southern Star Property, Fenelon Gold District
Prospectair contracted for geophysical survey on all GTG projects in the Camp
June 23rd, 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 acquisition of 76
a d d i t i o n a l c l a i m s c o v e r i n g 4 , 2 0 0 h e c t a r e s t o e x p a n d i t s 1 0 0 % - o wned Southern Star Property
located in the Fenelon Gold camp in Quebec.
Great Thunder’s CEO, Rich Macey, stated, “Our team has been ver y a c t i v e i n r e c e n t m o n t h s
consolidating ground in the Fenelon Gold camp. This success is attributable to the team’s extensive
network and knowledge of the areas on which to concentrate. Because of this timely acquisition,
we have been able to scale up our geophysical survey to cover the entirety of our projects within
the camp.”
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Great Thunder Expands its Foothold in the Fenelon Gold Camp with the Extension of the Southern
Star Property
The Southern Star Property is located 6.5 kilometres south of the Fenelon/Tabasco deposit held by
Wallbridge Mining Company (“Wallbridge”). This latest acquisiti on expands the Southern Star
P r o p e r t y b y m o r e t h a n 5 0 % t o a p p r o x i m a t e l y 1 2 3 s q u a r e k i l o m e t r es and now brings Great
Thunder’s holdings to more than 148 square kilometres in the prolific Fenelon Gold district.
The expanded Southern Star Property comprises 222 claims coveri n g app r o xima t ely 1 23 s qu ar e
kilometres. It is bounded to the south by Glencore claims and to the west and east by the claims of
Midland Exploration.
Geophysical Survey
Great Thunder previously announced it will conduct a helicopter -borne magnetic and
electromagnetic survey over its nearby Northbound property. The Company has now contracted
Prospectair Geosurveys Inc., an industry leader in airborne geophysical exploration, to also conduct
geophysical surveys consisting of approximately 1,500 line-kilometres over the expanded Southern
Star Property. The surveys will be conducted concurrently and P rospectair’s mobilization is
imminent.
Southern Star Geology
Geologically, the Southern Star Property is underlain by volcanic intermediate to mafic rocks and
mafic intrusive (gabbro). As interpreted by historical magnetic surveys, the gabbros have the form
o f a f o l d n o s e i n t h e v o l c a n i c s . S e d i m e n t s a n d f e l s i c i n t r u s i v es are also present, but to a minor
extend. Until now, only 5 drill holes have been reported on the property. Several isolated MegaTem
anomalies were located during a Quebec government survey done in 2008, though many of them
have not been drilled.
Acquisition Terms
Pursuant to an agreement signed June 21st, 2020, Great Thunder acquired a 100% interest, subject
to a 1.5% net smelter returns royalty, in the 76 additional Southern Star claims by paying the vendor
$14,000 and issuing 300,000 common shares. Great Thunder can purchase half (0.75%) of the net
smelter returns royalty at any time for $500,000.
Qualified Person
Donald Théberge, P .Eng., M.B.A. an independent qualified person as defined in National Instrument
43-101, has reviewed, and approved the technical contents 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).
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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
Forward-Looking Statements
This news release may contain certain “forward looking statements.” Forward-looking statements involve known and
unknown risks, uncertainties, assu mptions and other factors tha t may cause the actual results, performance or
achievements of the Company to be materially different 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.