Thunder Gold Identifies Multiple, New, Gold-In- Soil Anomalies at the Tower Mountain Gold Property, Ontario
Thunder Gold Identifies Multiple, New, Gold-In-
Soil Anomalies at the Tower Mountain Gold
Property, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - November 19, 2024) - Thunder Gold Corp (formerly White Metal
Resources Corp) (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is
pleased to provide the following update on exploration activity at its 100%-owned, 2,500 hectare, Tower
Mountain Gold Property, located in the Shebandowan Greenstone Belt, 50 kilometres west of the port
city of Thunder Bay, Ontario.
Highlights:
The recently completed soil sampling program identified approximately 2,500,000 square
metres of anomalous gold (top 25% of results).
Approximately 80% of the observed anomalies occur either in, or within 500 metres, of
the Tower Mountain Intrusive Complex ("TMIC"), as expected.
Approximately 66% of identified gold-in-soil anomalies are NEW TARGETS with little to no
previous sampling or drilling.
A direct correlation exists between soil and drilling results along the 1,500-metre-long
western TMIC contact where the majority of the 41,000 metres of diamond drilling has
been completed.
Multiple soil anomalies occur parallel to the eastern and southern TMIC contact,
representing compelling exploration targets to increase the gold resource potential.
The soil survey identified a total anomalous area 2-3 times larger than what is currently
drill-tested.
Results from the soil geochemical survey are shown in Figure 1.0.
Wes Hanson, President and CEO stated, "We initiated the soil geochemistry survey to systematically
evaluate the area in and around the TMIC. Drilling to date (190 holes, 41,000 metres) has tested only the
western perimeter of the TMIC and the results strongly suggest that intrusive rocks play a critical role in
the distribution of gold. The systematic nature of soil sampling is ideally suited to evaluate the gold
potential over a broad area and these results demonstrate potential to significantly increase the
mineralized footprint in and surrounding the TMIC. Widespread gold mineralization occurs across all
rock types but appears preferentially centered within and around the TMIC with over 75% of observed
anomalies occurring within 500 metres of the TMIC contact. The strongest soil anomaly is exactly
coincident with the drilled western TMIC contact, suggesting that soil geochemistry is a viable
exploration vector. Multiple, untested anomalies are observed along the eastern TMIC contact and a
broad, mid-strength response is coincident with the largely untested southern contact of the TMIC.
Several, scattered anomalies are observed within the TMIC itself, further supporting the Company's
assertion that the intrusive rocks of the TMIC offer unrecognized discovery potential. The survey outlined
anomalies that collectively represent opportunity to triple the resource potential through targeted
exploration."
"In addition to the soil geochemistry, I am also pleased to report that we have completed continuous
channel sampling of a mineralized monzonite exposed at the P-Target, where historical rock samples
(by others) returned significantly elevated gold grades along the eastern edge of the TMIC. Results from
the saw-cut continuous samples are expected within a week."
Soil Geochemistry
The soil geochemical sampling covers the northern half of the 100% owned Tower Mountain Gold
Property, an area of approximately 1,200 hectares. Sample lines were spaced 200 metres apart with
samples collected every 50 metres along each line. A total of 787 soil samples were collected and
submitted for analysis. Approximately 300 stations were not sampled due to the absence of suitable soil,
a result of thick overburden and/or clay at the sample station. Results range from trace Au to a maximum
of 470 ppb Au (A-Zone). Overall, the results suggest widespread gold mineralization above the 50
th
percentile (50% of the total population) at a 6 ppb Au threshold. The upper quartile (top 25% of all
results) defines the anomalies of potential interest. A total area of approximately 2,500,000 square
metres (2.5M m
2
) fall within the upper quartile threshold (10 ppb Au). As expected, 75% of the upper
quartile anomalies lie within or immediately adjacent to the TMIC (FIGURE 1.0).
FIGURE 1.0. Tower Mountain Soil Geochemistry Results (Au ppb).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/230500_16d0c7e8b498ab3e_001full.jpg
There is a strong (upper decile - top 10% of results) to moderate (upper quartile - top 25% of all results)
anomaly coincident with the UV, Bench, A, Ellen and 110 zones that define our current, conceptual,
exploration target (40-80 million tonnes averaging 0.80 to 1.20 g/t Au). The soil results suggest potential
to expand the UV target to the north, toward a moderate strength response 300 metres to the north,
close to the trace of the Thunder Lake Fault. There is also potential to increase mineralization between,
and west of the A and Ellen targets, where limited drilling has been competed. Drill hole TM23-137
intersected
3.83 g/t Au over 404.7 metres
(from surface) and hole TM23-138, 100 metres to the north,
intersected
0.71 g/t Au over 119.0 metres
in this gap; soil sample results indicate a strong anomaly
centered between these two drill holes. There is a 275,000 m
2
, moderate strength anomaly southwest of
the A Zone that may reflect the southern continuation of the western contact zone.
This target has not
been prospected or drilled and potentially represents 800 linear metres of additional strike
potential
.
The south contact of the TMIC shows a 730,000 m
2
, moderate response anomaly trending and
strengthening to the northeast towards the P-Target. Along the southern TMIC contact, scattered, rock
samples collected over 1,000 metres of strike length, have returned concentrations up to
5.27 g/t Au
.
Three historical drill holes within the identified anomaly returned
4.41 g/t Au over 7.5 metres, 0.54 g/t
Au over 66.0 metres, and 0.37 g/t over 33.0 metres.
This anomaly appears to lie entirely within the
TMIC. This anomaly strengthens as it approaches the P-Target where it increases in tenor from west to
east. The stronger anomaly extends from the P-Target to southeast, over a 500-m distance. The
stripping and sampling at the P-target is located at the northwest edge of this anomaly. No sampling or
drilling has tested this strong anomaly to the southeast.
Field crews are currently investigating this
anomaly in more detail
(FIGURE 2.0).
A strong, 300,000 m
2
anomaly was identified east of the TMIC contact, approximately 350 metres
northeast of the P-Target. No rock samples or diamond drill holes have tested this response to date.
Field crews are currently evaluating this area which sits within a topographic high.
Two, moderate to strong soil anomalies, totalling approximately 300,000 m
2
, were identified at the
STAR target, possibly related to the northeast trending Thunder Lake Fault. Historical surface rock grab
samples, located at the periphery of the soil anomalies, returned multiple samples greater than 0.5 g/t Au
with a high of
4.57 g/t Au
. A single historical drill hole completed in 1997, intersected
0.83 g/t Au over
15.75 metres.
A 100,000 m
2
, strong to moderate anomaly is observed in the center of the TMIC. Scattered surface
samples returned values up to
3.05 g/t Au.
This target has not been drilled. A second, similarly sized,
strong to moderate response anomaly (H Target) was also highlighted by the soil results. Several
surface samples from this target returned values greater than 1.0 g/t Au with
a high of 6.69 g/t Au.
Two
drill holes returned scattered, low-tenor gold mineralization with a best intercept of 0.36 g/t Au over 4.5
metres.
FIGURE 2.0. P-Target Gold-in-Soil and Surface Sampling.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/230500_16d0c7e8b498ab3e_002full.jpg
In summary, the soil survey met all the Company's objectives, demonstrating widespread distribution of
gold-in-soil across all rock types, at similar tenor, suggestive of a large mineral system. It demonstrates
direct correlation to diamond drilling results. It has identified multiple targets of interest, many of which
represent new targets. In conclusion, the soil program certainly appears to be a valid exploration tool for
the gold at Tower Mountain.
Quality Assurance and Quality Control
Soil samples were collected along lines spaced 200 metres apart with individual samples collected
every 50 metres along each line. Approximately 500 grams of soil from the "B" or "C" horizon was
collected using an Edelman Combination soil sampling auger (7.0 cm diameter). Each sample was
placed in a clean, brown paper bag, specifically designed for soil sample collection. Each sample was
labelled with a unique sample number, described, and the coordinate of each sample recorded using a
handheld GPS unit.
Samples were submitted to Activation Laboratories Ltd., Thunder Bay, Ontario for preparation and
analysis. The preparation package selected was "S1 DIS" where the samples were received, recorded,
dried at 60°C and sieved to -177 microns. The analysis package employed was "1A2" gold fire assay
with an Atomic Absorption Spectrometry (AAS) finish. The Company has relied upon Activation
Laboratories internal quality assurance and quality control ("QA/QC") protocols for the soil sample
program which includes the use of certified blanks and standards as well as duplicate analyses
performed on every tenth sample submitted. No QA/QC concerns were noted during the Company's
review of the analytical results reported from the lab.
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 50-km west of the port city of Thunder Bay, Ontario. The 2,500-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 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, P.Geo., President and CEO
For further information contact:
Wes Hanson, CEO
(647) 202-7686
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking information" and "forward-looking
statements" within the meaning of applicable securities legislation (collectively, "forward-looking
statements"). Forward-looking statements relate to information that is based on assumptions of
management, forecasts of future results, and estimates of amounts not yet determinable. All
statements, other than statements of historical fact, are forward-looking statements and are based on
predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date
of this news release, including without limitation; anticipated results of geophysical drilling programs,
geological interpretations and potential mineral recovery. Any statement that involves discussions
with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future
events or performance (often but not always using phrases such as "expects", or "does not expect", "is
expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts",
"estimates", "believes" or "intends" or variations of such words and phrases or stating that certain
actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved)
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 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/230500