Drilling Commences at the South Mountain Project Aimed at Confirmation and Resource Expansion
THUNDER MOUNTAIN
GOLD INC.
11770 W. President Dr., Ste. F
Boise, Idaho 83713
phone: (208) 658-1037
Website: www.thundermountaingold.com OTCQB: THMG
TSX-V: THM
TSX-V: THM
OTCQB: THMG
News Release
DRILLING COMMENCES AT THE SOUTH MOUNTAIN PROJECT
AIMED AT CONFIRMATION AND RESOURCE EXPANSION
Boise, Idaho and Vancouver B.C. – August 1, 2019: Thunder Mountain Gold, Inc. (OTC QB: THMG; TSX-
V: THM), (the “Company” or “THMG”) announced today the commencement of BeMetals’ initial core drilling
program at the Company`s South Mountain Zinc -Silver-Gold Project in Owyhee County, Idaho, U.S.A. This
summer’s drilling campaign is designed to test potential extensions of the zones, and co nfirm t he grade
distribution of the mineral resource outlined in the May 2019 independent technical report titled, “National
Instrument 43 -101 Technical Report Updated Mineral Resource Estimate for the South Mountai n Project
Owyhee County, Idaho, USA.”, available on the Company’s website at www.Thundermountaingold.com and on
SEDAR at www.sedar.com.
Eric Jones, President and CEO of Thunder Mountain Gold commented, “We are exci ted to get back to
exploring and developing the South Mountain Project. BeMetals is a tremendous partner, and we expect that
the exploration work over the next 24 months will greatly add value to our C ompany for our shareholders. We
expect positive drilling results from South Mountain early this fall.”
Eric Jones added, “ BeMetals is one of very few international junior mining development and exploration
companies with sufficient funding to be actively operating two concurrent core drilling programs this s ummer –
one of which is South Mountain . Their focus on becoming a significan t base metal producer through the
acquisition of quality exploration, development and potentially production stage base metals projects is a huge
value to our shareholders because of our ownership in their Company.”
The Planned Drilling Program
• BeMetals plans to initially drill approximately 20 holes for some 8,000 feet (2,500 meters) from five
underground drilling platform locations within the Sonneman adit.
• The drilling program is designed to test the potential of the down plunge extensions to the min eralized
zones and confirm the grade distribution of the current polymetallic mineral resource.
• Explore and scope the Texa s Zone where the potential exists for an increased copper and gold
component to the mineralization based upon historical exploration and mining records.
• Provide a first phase of new drilling data towards the completion of a preliminary economic assessment
study in 2020.
Figure 1: Long Section of Sonneman Level, (Looking northeast), showing initial 14 borehole locations
Plans for the 2019 Resource Expansion Drilling Program
Over the past few months, BeMetals and Thunder Mountain Gold have formed a project team that is focused on
advancing the South Mountain Project. This team includes key management of Thunder Mountain Gold I nc.,
who have coordinated re -establishment of the Project site for the start of drilling. In addition, BeMetals has
appointed a project manager and project geologist for this team. Recent site preparations at the Project include
grading of access road sections to the site, reconnecting the onsite electrical power system, and maintenance on
the underground ventilation system.
During this summer’s exploration program at South Mountain, p lans are to complete approximately 20 core
holes w ith approximately 8,000 feet (2,500 meters) of diamond drilling. Fourteen core holes are currently
planned with an additional six core holes contingent upon field results of the initial holes. The drilling will be
conducted from the existing underground drill stations and muck bays in the Sonneman Level, to provide more
accurate and cost -effective drilling than from the surf ace. The drill pattern will generally be a series of fans
from five drill platform locations. Two to five holes will be drilled from each platform in order to test the down
plunge extension of the deposit below historically mined areas. See Figures 1 and 2 in this news release for the
drill platform locations, the initially planned 14 boreholes, and targeted mineralized zones based on the results
of previous underground rib sampling of the Sonneman Level.
Figure 2: Plan View of Sonneman & Laxey Levels, showing locations of previously reported rib sampling
Highlights from 2013-2014 Rib-Sampling Program
• DMEA Zones 1/2/3; 130 ft. (39.62m) @ 16.76% Zinc (“Zn”), 4.11 ounces per ton (“o.p.t.”) (140.91
grams per tonn e (“g/t”)) Silver (“Ag”), 0.089 o.p.t. (3.08 g/t Gold ) (“Au”), 0.78% Copper (“Cu”)
and 0.38% Lead (“Pb”)
• Muck Bay #4 Zone; 23 ft. (7.01m) @ 14.69% Zn, 7.18 o.p.t. (246.17 g/t) Ag, 0.34% Cu and 0.65%
Pb
• Laxey Zone; 40 ft. ( 12.19m) @ 16.44% Zn, 13.97 o.p.t. (478.97 g/t) Ag, 0.020 o.p.t. (0.68 g/t) Au,
0.70% Cu and 0.86% Pb
(Results pre viously reported in the Compan y`s annual / quarterly report s; news releases ; and the May 2019
independent technical report titled, “National Instrument 43 -101 Technical Report Updated Mineral Resource
Estimate for the South Mountain Project Owyhee County, Idaho, USA.”)
The Technical inform ation in this news release has been reviewed and approved by Larry D. Kornze, P. Eng.,
Qualified Person, and Director of Thunder Mountain Gold Inc., and a “Qualified Person” as defined by National
Instrument 43-101 standards.
Other Corporate News
The Annual Meeting of Shareholders of Thunder Mountain Gold, Inc. will be held at The Chateau des Fleurs,
176 S. Rosebud Lane Eagle , Idaho 83616 on Tuesday, August 20, 2019 at 2:00 p.m. Mountain Time. Only
Shareholders of record, at the close of business on May 17, 2019 are entitled to notice of and to attend and to
vote at the meeting. A telephone conference call-in number for the meeting has been made available at 1-951-
797-1058 (Bridge Number 187099 ). Interested parties are encour aged to visit the Company ’s website at
www.thundermountaingold.com for additional information.
Regarding Thunder Mountain Gold, Inc.
Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and
precious metals proje cts in the western U.S. The C ompany’s principal asset is The South Mountain Mine, an
historic former producer of zinc, silver, gold, lead, and copper , located on private land in Owyhee County
Idaho. The Company has just entered into an option agreement wi th BeMetals Corp. (www.Bemetalscorp.com)
based in Vancouver, British Columbia, Canada . T hunder Mountain Gold also owns 100% of the Trout Creek
Project – a gold exploration project located along the western flan k of the Shoshone Mountain Ra nge in the
Reese River Va lley, adjacent to and surrounded by Nevada Gold Mines, a joint operating agreement between
Barrick and Newmont Goldcorp private mineral lands. For more information on Thunder Mountain Gold,
please visit the Company’s website at www.Thundermountaingold.com.
About BeMetals Corp.
BeMetals' founding Directors include Clive Johnson, Roger Richer, Tom Garagan and John Wilton. BeMetals is
a new base metals e xploration and development co mpany focused on becoming a significan t base metal
producer through the acquisition of quality exploration, development and potentially production stage base
metals projects. The Company is advancing both its early stage, tier one targeted, Pangeni Copper Exploration
Project in Za mbia, and its advanced high-grade, zinc-silver polymetallic underground exploration at the South
Mountain Project in Idaho, USA. The Company’s growth strategy is led by our strong Board, key members of
which have an extensive prove n record of delivering co nsiderable va lue in the mining sector through the
discovery, construction and operation of mines around the world. The Board, its Advisors, and senior
management also provide outstanding deal flow of pr ojects to BeMetals based upon their extensive network of
contacts in the international minerals business.
Forward-Looking Statements
This press release contains forward -looking statements that are based on the beliefs of management and reflect the
Company's current expectations. The forward-looking statements in this pr ess release include statements with respect to
the completion of the transactions contemplated with BeMetals Corp., a Canadian Corporation . Generally, forward -
looking statements can be ide ntified by the use of forward -looking terminology such as “plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and
phrases or statements that certain actions, e vents or results “may”, “coul d”, “would”, “might” or “ will be taken”, “occur”
or “be achieved” or the negative connotation thereof. The forward -looking statements are based on certain assumptions,
which could change materially in the future, including the assumption that the transact ions contemplated with Be Metals
Corp. will be completed. By their nature, forward -looking information involves known and unknown risks, uncertainties
and other factors that may cause actual results, performance or achievements to be materially different fr om any future
results, performance or achievements expressed or implied by the forward -looking information. Such factors include the
determination and ability of BeMetals to complete all required option payments and issuance of shares under the
BeMetals Option Agreement, the receipt of all required regulatory approvals and the satisfaction of all required terms and
conditions. Investors should refer to THMG’s Form 10 -K, Form 10-Q reports, and Definitive 14C Information Statement
as filed May 20, 2019, for a more detailed discussion of risks tha t may impact future results. There can be no assurance
that forward-looking information will prove to be accurate, as actual results and future events could differ materially from
those ant icipated in such statements. Accordingly, investors sh ould not plac e undue reliance on forward -looking
information. Forward-looking information is provided as of the date of this press release, and the Company assumes no
obligation to update or revise them to reflect new events or cir cumstances, except as req uired in acco rdance with
applicable laws.
Cautionary Note to Investors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Thunder Mountain Gold, Inc.
Eric T. Jones Jim Collord
President and Chief Executive Officer Vice President and Chief Operating Officer
[email protected] [email protected]
Office: (208) 658-1037 Office: (208) 658-1037