Great Thunder Gold Files Updated NI43‐101 on the Chubb Lithium Property, Quebec
Great Thunder Gold Files Updated NI43‐101 on the Chubb
Lithium Property, Quebec
Vancouver, BC, February 22nd, 2021 – Great Thunder Gold Corp. (CSE: GTG, OTC: GTGFF,
FSE: M4KQ‐FF) (“Great Thunder” , or the “Company”) is pleased to report that it has filed an
updated National Instrument 43-101 Technical Report relating to its Chubb Lithium property
(the “Property”) on SED AR. The report recommends drilling on the three main dykes of the
Property.
The Chubb Lithium Property
T h e C h u b b L i t h i u m p r o p e r t y i s l o c a t e d 2 5 k m n o r t h o f t h e m i n i n g c o m m u n i t y o f V a l d ’ O r ,
Quebec (Figure 1). It is hosted within the La Corne Pluton which is also host to North American
Lithium’s deposit with reported proven and probable reserves of 17.06 Mt grading 0.94%
Li2O and measured and indicated resources of 33.24 Mt grading 1.19% Li2O ( http://na-
lithium.com/projects). The Chubb Lithium property is also close to the Authier Lith ium
Deposit of Sa y ona Mining (ASX: SY A) which is estimated to contain measured and indicated
resources of 17.18 Mt grading 1.01% Li2O and inferred resources of 3.76Mt grading 0.98%
Li2O (https://bit.ly/3qxcgZM).
Figure 1: Regional location of the Chubb Lithium Property within the La Corne Pluton.
The Chubb Lithium property consists of 35 contiguous mineral claims for a total area of 1,509
hectares. The property geology is dominated by quartz monzodior ite and metasomatized
quartz diorite (tonalite). A swarm of spodumene-rich pegmatite dykes intrude fractures and
small faults within the plutonic rocks. The pegmatite dykes are 1 t o 6 m e t r e s t h i c k s o f a r ,
oriented northwest and vary in length from 25 to 250 metres. The pegmatites are composed
o f q u a r t z , a l b i t e a n d / o r c l e a v e l a n d i t e , K - f e l d s p a r , m u s c o v i t e , with 5% to 25% spodumene.
There are three important pegmatite dykes containing spodumene mineralization (Main Dyke,
Dyke #2, and Dyke #3) (Figure 2).
Great Thunder drilled 3 holes for 306m in 2017 on the Property. Highlights included 1.33%
Li2O over 5.3m in hole C-17-01. Diamond drilling by Wrightbar Mines in 1994 i ntersected
3.7m grading 1.68% Li2O, 2.74m grading 1.00% Li2O and 2.4m grading 1.25% Li2O.
Figure 2: Pegmatite dyke swarm at the Chubb Lithium Property.
Commentary from the CEO
Great Thunder’s President and CEO, Mr. Blair Naughty, said, “While we continue to focus on
gold in the Fenelon camp, Great Thunder is in an enviable position to have the Chubb Lithium
Property in a prolific lithium‐bearing pegmatite field, close to infrastructure and close to the
development of the first possible lithium mines in Canada during the inevitable need for electric
vehicles. We look forward to continuing our exploration efforts with an upcoming drill program
in the spring of 2021.”
The complete technical report, entitled “NI 43‐101 Technical Report, Chubb Property, Preissac‐
Lacorne Townships, Quebec, Canada, Val d’Or Mining Camp for Great Thunder Gold Corp.” and
dated February 1st, 2021, is available at https://www.sedar.com.
Qualified Person
Donald Théberge, P .Eng., M.B.A., an independent qualified person as defin ed 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 one of the largest
mineral claim holders next to the leading Wallbridge Mining.
On Behalf of the Board of Directors,
GREAT THUNDER GOLD CORP .
“Blair Naughty”
President & CEO
Investor Relations
Email: [email protected]
Direct Line: (236) 513-4653
www.greatthundergold.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies
of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward‐Looking Statement
This news release may contain certain “forward-looking statemen ts”. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions, and other factors
that may cause the actual result s, performance, or achievements of the Company to be
materially different from any future results, performance or ac hievements 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.