Thunder Gold Corp. Announces That Dr. Elliot Strashin Has Acquired More than 14% of the Outstanding Common Shares
Thunder Gold Corp. Announces That Dr. Elliot
Strashin Has Acquired More than 14% of the
Outstanding Common Shares
Thunder Bay, Ontario--(Newsfile Corp. - October 11, 2022) - Thunder Gold Corp. formerly White Metal
Resources (TSXV: TGOL) (FSE: CGK1) (OTC Pink: TNMLF) ("Thunder Gold" or the "Company")
announces that on October 7, 2022, Dr. Elliot Strashin ("Strashin"), purchased through the TSX Venture
Exchange, a total of 413,000 common shares of the Company trigging a regulatory requirement to file an
Early Warning Report and issue a news release.
Immediately prior to the purchase of securities described above, Strashin owned 20,530,957 common
shares, representing an approximately 13.94 per-cent interest in the Company on an undiluted basis.
Immediately following the transaction that triggered the requirement to file this news release, Strashin
and his joint actors owned 20,943,957 common shares, representing an approximately 14.22 per-cent
interest in the Company on an undiluted basis.
Strashin holds the shares of the Company for investment purposes only. Strashin intends to review, on a
continuous basis, various factors related to its investment, including (but not limited to) the price and
availability of the securities of the Company, subsequent developments affecting the Company or its
business, and the general market and economic conditions. Based upon these and other factors,
Strashin may decide to purchase or sell securities of the Company.
For additional information, an early warning report will be filed on SEDAR.
About the Tower Mountain Gold Property
The Tower Mountain Gold Property is located 5 kms off the Trans-Canada highway, 50 km west of
Thunder Bay, Ontario and consists of unpatented and patented lands totalling 1,968 ha. Exploration to
date suggests the property offers a large gold endowment. Gold mineralization is widespread and
drilling to date has identified low-grade gold mineralization extending outward for at least 500 meters
from a central alkalic intrusion known as the Tower Mountain Intrusive Complex. Drilling has established
persistent gold grades from 0.1 to 1.0 g/t along a 1,500-meter-long x 500 meter wide x 500 meter deep
block of volcanic-volcanoclastic rocks immediately west and adjacent to the central akalic intrusion.
The
remaining 6,000 meters of strike length surrounding the intrusion are untested. Tower Mountain shows
many of the classic indicators of being an Intrusion Related Gold Deposit a highly desirable exploration
target.
About Thunder Gold Corp.
Thunder Gold Corporation, formerly White Metal Resources. 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, President and CEO
For further information contact:
Wes Hanson, CEO
+(647) 202-7686
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements". Forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from those reflected in the forward-
looking statements, including, without limitation: risks related to failure to obtain adequate financing
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 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 to 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 them to
reflect new events or circumstances. Actual events or results could differ materially from the
Company's expectations or projections.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/140110