Thunder Gold - Welcomes Hall of Fame Sports Legend Donovan Bailey O.C., O.Ont. to the Board
Thunder Gold - Welcomes Hall of Fame Sports
Legend Donovan Bailey O.C., O.Ont. to the
Board
Thunder Bay, Ontario--(Newsfile Corp. - April 2, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25)
(OTCQB: TGOLF) ("
Thunder Gold
" or the "
Company
") is pleased to announce the addition of
Donovan Bailey, O.C., O.Ont., 5 X World & Olympic Champion, entrepreneur and philanthropist, to the
Company's Board of Directors.
Donovan Bailey O.C.,O.Ont., became the greatest sprinter on earth, winning double gold medals at the
1996 Atlanta Olympics breaking the world record in the 100-metre in a time of 9.84 seconds, the other
one for the Men's 4 x 100-metre relay. Mr. Bailey was the first man in history to be Olympic champion,
World champion and World record holder. The Men's 100-metre race is arguably the most watched
event at the Summer Olympic games. Whilst winning gold medals and setting a world record gave
Donovan instant fame and opened doors and connections for him around the world it's his business
acumen and business savvy that has maintained his public appeal and close ties to the global business
community. Mr. Bailey is very protective and selective on how and with whom he utilizes his connections,
recognizing the value he brings to support business ventures.
Donovan explained his involvement in Thunder Gold saying,
"I was introduced to Thunder Gold by their
CFO who I have known for many years.
Not only was it an easy story to follow but the upside potential
is extremely attractive.
I know that I can help to raise the profile of the Company and likely get
meaningful eyes on it.
This could be one of Canada's biggest discoveries and I want to be part of
building this exciting Ontario gold story."
Thunder Gold, a publicly traded gold exploration company, is focused on their Tower Mountain project,
located just 40 km. west of Thunder Bay, Ontario.
It is reached directly off the Trans-Canada highway,
year-round. Both national rail lines run next to the property with a rail siding by the property gate.
Hydro
crosses one end of the property.
The proximity of Thunder Bay means workers can be home with their
families each night.
There is no need to build roads or a camp at the property.
Wes Hanson, President and CEO, states,
"We are very pleased to have Donovan Bailey join our
Board of Directors.
He has a solid business mind and maintains the same discipline and focus that
he drew on to succeed in his sport. His enthusiasm to support Thunder Gold is very encouraging.
We
look forward to working with Donovan as we evolve Thunder Gold's Tower Mountain toward a Tier 1
gold property."
On January 26, 2026, the Company announced a mineral resource estimate for Tower Mountain as
summarized in Table 1. The estimate was prepared by Micon International Limited ("MICON"), Toronto,
Ontario, Canada, an independent engineering firm specializing in mineral resource and reserve
estimation for a global client pool.
Table 1. Tower Mountain Mineral Resource Estimate - January 19, 2026
Category
Tonnage (Mt)
Grade (g/t Au)
Contained Metal
('000 oz gold)
Indicated
34.5
0.46
514
Inferred
211.1
0.45
3,053
Notes:
1
.
The effective date of this Mineral Resource Estimate ("MRE") is January 19, 2026.
2
.
William Lewis, P.Geo., Charley Murahwi, P.Geo., FAusIMM, and Tudorel Ciuculescu, P.Geo. from Micon International Limited are the Qualified
Persons (QPs) responsible for this MRE.
3
.
The MRE has been classified in the Indicated and Inferred categories. At this time, there are no Measured resources at the Tower Mountain
Project.
4
.
The calculated gold cut-off grade is 0.19 g/t Au.
5
.
An average specific gravity (SG) value of 2.77 g/cm3 was used.
6
.
The MRE used economic assumptions for open pit mining. The following economic parameters were used for generating the cut-off grade: a
gold price of US$3,000/oz, 80% recovery, open pit mining cost of US$3.0/t, processing costs of US$8.0/t, general and administration cost of
US$3.5/t, transportation cost of US$2.5/oz of gold, and a royalty of 3%.
7
.
The open pit used slope angles of 30° in overburden and 50° in fresh rock.
8
.
The block model is orthogonal and has a parent block size of 5 m x 5 m x 5 m, with minimum sub-block size of 2.5 m x 2.5 m x 2.5 m.
9
.
The open pit optimization used a re-blocked size of 10 m x 10 m x 10 m.
10
.
The mineral resources described above have been prepared in accordance with the current Canadian Institute of Mining, Metallurgy and
Petroleum Standards and Practices.
11
.
Numbers have been rounded to the nearest million tonnes and nearest thousand ounces. Differences may occur in totals due to rounding.
12
.
Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The quantity and grade of reported
Inferred Mineral Resources are uncertain in nature and there has been insufficient exploration; however, it is reasonably expected that a
significant portion of Inferred Mineral Resources could be upgraded into Indicated Mineral Resources with further exploration.
13
.
Micon QPs have not identified any legal, political, environmental, or other relevant factors that could materially affect the potential
development of the mineral resources and of the estimate.
The Company also notes that the Board has approved the grant of 10,150,000 options at a strike price
of $0.15 for an 18-month term to Officers, Directors and Consultants of the Company.
Qualified Person
Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo.,
President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established
by NI 43-101.
About the Tower Mountain Gold Property
The 100%-owned Tower Mountain Gold Property is located adjacent to the Trans-Canada highway,
approximately 40-km west of Thunder Bay, Ontario. The 2,100-hectare property surrounds the largest,
exposed, intrusive complex in the eastern Shebandowan Greenstone Belt where most known gold
occurrences have been described as occurring either within, or proximal to, intrusive rocks. Gold at
Tower Mountain is localized within extremely altered rocks parallel to the western contact of the intrusive
center. Drilling has established anomalous gold extending out from the intrusive contact for over 500
metres along a 1,500-metre strike length, to depths of over 500 metres from surface. The remaining
75% of the perimeter surrounding the intrusion shows identical geology, alteration, and geophysical
response, offering a compelling exploration opportunity.
About Thunder Gold Corp.
Thunder Gold Corp. is a junior exploration company focused on gold discovery in Canada. For more
information about the Company, please visit:
www.thundergoldcorp.com
.
On behalf of the Board of Directors,
Wes Hanson, P.Geo., President and CEO
For further information, contact:
Wes Hanson, CEO
(647) 202-7686
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The information contained herein contains "forward-looking information" and "forward-looking
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of this news release, including without limitation: statements concerning the Offering; the anticipated
use of proceeds from the Offering; statement concerning the participation right; the Company's plans
regarding exploring its mineral exploration properties; anticipated results of geophysical drilling
programs, geological interpretations and potential mineral recovery. Any statement that involves
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Forward-looking statements are subject to a variety of risks and uncertainties which could cause
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without limitation: risks related to failure to obtain adequate funding on a timely basis and on
acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks
associated with mining and exploration; risks related to the maintenance of stock exchange listings;
risks related to environmental regulation and liability; the potential for delays in exploration or
development activities or the completion of feasibility studies; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and cost estimates and the potential
for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility
that future exploration, development or mining results will not be consistent with the Company's
expectations; risks related to the gold price and other commodity price fluctuations; and other risks
and uncertainties related to the Company's prospects, properties and business detailed elsewhere in
the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those
described in forward-looking statements. Investors are cautioned against attributing undue certainty or
reliance on forward-looking statements. These forward-looking statements are made as of the date
hereof and the Company does not assume any obligation to update or revise any forward-looking
statements, other than as required by applicable law, to reflect new information, events or
circumstances, or changes in management's estimates, projections or opinions. Actual events or
results could differ materially from those anticipated in the forward-looking statements or from the
Company's expectations or projections.
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https://www.newsfilecorp.com/release/290917