Thunder Gold Identifies New Gold Zone at Surface: Includes 1.93 g/t Au over 54.2 Metres; 2.03 g/t Au over 15.0 Metres and 3.64 g/t Au over 10.5 Metres
Thunder Gold Identifies New Gold Zone at
Surface: Includes 1.93 g/t Au over 54.2 Metres;
2.03 g/t Au over 15.0 Metres and 3.64 g/t Au
over 10.5 Metres
Thunder Bay, Ontario--(Newsfile Corp. - January 7, 2025) - Thunder Gold Corp (TSXV: TGOL) (FSE:
Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is
pleased to provide the following diamond drill core assay results from the P-Target, within it's 100%-
owned, 2,500 hectare, Tower Mountain Gold Property (the "Property" or "Tower Mountain"), located in
the Shebandowan Greenstone Belt, 50 kilometres west of the international port city of Thunder Bay,
Ontario.
Highlights:
TM24-152:
1.93 g/t Au over 54.2 metres including 3.64 g/t Au over 10.5 metres.
TM24-151:
1.77 g/t Au over 25.5 metres including 3.55 g/t Au over 7.6 metres.
TM24-153:
1.42 g/t Au over 31.6 metres including 2.03 g/t Au over 15.0 metres.
TM24-160:
0.93 g/t Au over 41.8 metres including 1.06 g/t Au over 15.0 metres.
All 13 drill holes intersected sustained gold grades greater than 0.30 g/t Au over intervals
ranging from 10 to 50 metres suggesting large tonnage low-grade gold resource
potential.
Mineralization starts at surface and is continuous, down-dip, for up to 50 metres.
Mineralization remains open in all directions.
Wes Hanson, President and CEO stated, "This is the most significant set of drill hole results at Tower
Mountain in 50 years. Confirming gold mineralization along the eastern margin of the Tower Mountain
Intrusive Complex ("TMIC") has been my priority since I joined the Company in 2022. The historical
drilling (190 holes, 41,000 metres) along the western TMIC contact defines a conceptual exploration
target that we estimate to be between
40 to 80 million tonnes averaging 0.80 to 1.20 g/t Au
.
Establishing mineralization of similar grade and thickness along the eastern perimeter, a mere 1,200
metres to the east, significantly increases our confidence that we can grow towards a Tier One gold
discovery. All 13 holes returned sustained gold grades over wide intervals. The projected mineralized
trend lies entirely within our 100% owned mineral title. All mineralization lies within a 1,200-metre radius
of the TMIC center, providing a compact footprint which benefits exploration efficiency. With all
necessary infrastructure in place, Tower Mountain offers a truly unique combination of size, grade
predictability, world class infrastructure and a premium mining jurisdiction that cannot be matched."
In this current drilling program, the Company completed 13 shallow drill holes, totalling 753.5 metres from
November 28 through December 8, 2024. The holes all tested the subsurface outcrop exposure
identified in November 2024 that returned significant gold values from two parallel, continuous, saw-cut
channel samples, including
TMCH24-01; 4.93 g/t Au over 24.87 metres
and
TMCH24-02; 2.78 g/t Au
over 20.57 metres
(see TGOL news release dated November 25, 2025).
The drilling program established consistent gold mineralization along an approximate 125-metre strike
length with an estimated true width ranging from 20 to 45 metres. Mineralization sub-crops at surface
and is drill traced to a depth of 45 metres. Overburden was generally less than 3.0 metres and typically
included mineralized boulders. Mineralization remains open along the interpreted strike and down dip.
The mineralized trend lies entirely within the Company's current, 100%-owned claim package at Tower
Mountain, within a 1,200-metre radius from the centre of the TMIC.
Table 1.0 presents the summary drill
hole parameters and core assay results of all 13 completed diamond drill holes.
Table 1.0 Summary of Diamond Drill Hole Parameters and Core Assay Results
Hole ID
From
To
Interval
Au
True Width
UTM NAD83 16N
Elevation
Bearing
Dip
Depth
(metres)
(metres)
(metres)
(g/t)
(est.
metres)
EAST
NORTH
(metres)
(degrees)
(degrees)
(metres)
TM24-148
0.0
7.5
7.5
2.48
7.5
302070
5377653
523
210
-45
7.50
TM24-149
9.0
21.4
12.4
0.21
12.4
302051
5377627
530
35
-50
60.00
TM24-150
2.5
28.5
26.0
0.76
20.0
302086
5377627
523
297
-45
66.00
includes
4.5
8.7
4.2
1.64
3.2
and
16.8
24.5
7.7
1.01
5.9
TM24-151
1.5
27.0
25.5
1.77
20.0
302086
5377627
523
297
-65
75.00
includes
6.0
9.0
3.0
1.13
2.3
and
16.5
27.0
10.5
3.64
8.1
TM24-152
0.0
54.2
54.2
1.93
30.0
302086
5377627
523
114
-45
60.00
includes
16.4
24.0
7.6
3.55
4.2
and
47.0
54.2
7.2
1.56
4.0
TM24-153
0.0
31.6
31.6
1.42
17.5
302086
5377627
523
114
-75
39.00
includes
0.0
15.0
15.0
2.03
8.3
and
18.8
27.0
8.2
1.42
4.5
TM24-154
0.0
22.5
22.5
0.72
20.3
302088
5377627
522
28
-45
66.00
TM24-155
0.0
28.5
28.5
0.46
28.5
302088
5377627
522
28
-55
36.00
TM24-156
0.0
25.5
25.5
0.87
23.0
302088
5377627
522
28
-65
51.00
includes
0.0
5.3
5.3
1.69
4.8
and
15.0
25.5
10.5
0.94
9.5
TM24-157
10.5
43.5
33.0
0.70
33.0
302096
5377605
523
32
-45
51.00
includes
10.5
22.5
12.0
0.42
12.0
and
30.0
43.5
13.5
1.30
13.5
TM24-158
13.9
51.0
37.1
0.40
33.4
302096
5377605
523
32
-65
78.00
includes
13.9
18.0
4.1
2.74
3.7
TM24-159
0.0
58.5
58.5
0.63
50.0
302137
5377576
512
35
-65
102.00
includes
0.0
13.5
13.5
1.87
12.2
TM24-160
3.0
47.8
44.8
0.93
44.8
302137
5377576
512
35
-45
62.00
includes
30.0
46.4
16.4
1.10
16.4
Observed gold mineralization occurs within a variably silicified monzonite intruded into relatively
unaltered syenite intrusive rocks which dominate the TMIC. The host monzonite strikes between 100°
and 120° (southeast) and dips 40° to 60° at 210° (southwest). Mineralization is open along strike in both
directions. To the northwest, the interpreted trend tracks northwest for 500 metres to the PAPA-Target
(average 1.65 g/t Au from surface rock samples). It continues an additional 500 metres to the northwest
to the H-Target (average 1.61 g/t Au from surface rock grab samples.)
Both the PAPA- and H-Targets returned gold in soil anomalies in the top 10 percent of the soil sample
population. The PAPA-Target has not been drill-tested. The H-Target was drilled in 2021 but only two
holes were completed and both were drilled to the southwest, parallel to the dip observed at the P-
Target. To the southeast, the mineralized trend passes through a third gold-in-soil anomaly 400 metres
to the southeast and the mineralized trend is currently interpreted to continue towards the existing
Property boundary a further 600 metres to the southeast (Reference Figure 1).
Figure 1 Diamond Drill Hole Plan - Soil Geochemistry BASE LAYER with Surface Rock Assay
Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/236222_b2fe4a5da461eb74_001full.jpg
Surface sampling and mapping struggled to determine the strike and dip of the intrusive host, largely due
to the intense silicification that obscured all original rock fabric. As a result, the first past six drill holes
(TM24-148 through 153) established the attitude of the mineralized target. Drill holes (TM24-154 to 160)
were drilled on sections oriented perpendicular to the interpreted strike of the mineralization as indicated
by the initial drill holes (Reference Figures 2 and 3).
Figure 2 P-Target Diamond Drill Hole Plan with Channel Sample and Surface Rock Grab
Sample Results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/236222_b2fe4a5da461eb74_002full.jpg
Figure 3.
P-Target: Section 100 East (Looking East) using a 50-metre Window View
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/236222_b2fe4a5da461eb74_003full.jpg
Quality Assurance and Quality Control
Diamond drilling utilizes NQ diameter tooling. The core is received at the on-site logging facility where it
is, photographed, logged for geotechnical, physical properties and geological data. Samples are
identified, recorded, and cut in half by wet diamond saw. Half the core is sent for assay at an accredited
laboratory with the remaining half core stored on site. A standard sample length of 1.5 meters is
employed, varying only at major lithological contacts. Certified standards and blanks are randomly
inserted into the sample stream and constitute approximately 5-10% of the sample stream.
Certified
standards and blank performance is monitored with any failures evaluated and investigated to determine
if said failure is a result of error during submission. Any unexplained failures are identified and the five
samples preceding and following the failure are re-assayed. In addition, standards and blanks are
inserted into the re-assayed interval stream to monitor analytical performance. Samples are shipped to
the Activation Laboratories Ltd. facility in Thunder Bay, Ontario, where sample preparation and analyses
are completed. All samples are analyzed for gold using a 30-gram lead collection fire assay fusion (FA)
with an atomic absorption (AAS) finish. All assay results greater than 5.0 g/t Au are re-assayed using a
gravimetric analysis.
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 National Instrument 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 international 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 centre. 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
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The information contained herein contains "forward-looking information" and "forward-looking
statements" within the meaning of applicable securities legislation (collectively, "forward-looking
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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
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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.
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