Thunder Mountain GOLD Selects Srk Consulting to Complete a Preliminary Economic Analysis FOR the South Mountain Zinc – Silver – GOLD Project
THUNDER MOUNTAIN GOLD, INC.
11770 W. President Dr., Ste. F Tel: (208) 658-1037
Boise, Idaho 83713
OTCQB: THMG TSX-V: THM
News Release
THUNDER MOUNTAIN GOLD SELECTS SRK CONSULTING TO
COMPLETE A PRELIMINARY ECONOMIC ANALYSIS FOR THE
SOUTH MOUNTAIN ZINC – SILVER – GOLD PROJECT
Boise, Idaho – April 24, 2017 - Thunder Mountain Gold, Inc. (the “Company” or “ Thunder
Mountain”) (TSX-V: THM; OTCQB: THMG) announced today that they have selected SRK
Consulting (U.S.), Inc. (SRK) to complete the Company`s South Mountain Preliminary
Economic Analysis (PEA, or the Study).
The PEA will be prepared pursuant to NI 43 -101 requirements suitable for submittal to
TSX/OSC. SRK will help develop data gaps and provide guidance on the ongoing resource
development work planned to start this field season. The Study will be equally weighted on the
development of a new resource model and an optimized mine plan. Depending on the level of
design detail associated with the proposed mill facility, SRK will either develop a PEA -level
process flow sheet, or review and comment on designs by others. Facilities will have proposed
locations on the Company`s private land holdings with sensitivity to any potential environmental
issues. SRK will prepare the economics to a PEA-level of accuracy.
Once the development commences this spring, plans are for the Sonneman Level drift to be
extended to the historic Texas ore zone, a distance of about 350 feet. Two core rigs are planned
for extending the South Mountain resource, and testing extensions of the high -priority zones.
One will begin on the DMEA 2 zone to complete the drilling initiated, but not completed, in
2013. A second core drill will focus primarily on the Texas zone to extend resources at depth
beyond the current inferred resource are a. In Addition, bulk samples will be collected for
metallurgical test work, which will be orchestrated in part by SRK.
“We’re very encouraged with drill results at South Mountain completed in 2013 ,” said Mr.
Collord, Thunder Mountain Chief Operating Officer. “Now that the underground has been safely
and securely opened up, it shows tremendous down dip potential of these high grade zinc, silver,
gold, copper, and lead zones. These high grade zones will be incorporated into the early years of
the South Mo untain mine plan. Given the associated economic upside of such a scenario, we
plan to aggressively delineate the near-term economic extent of the mineralization at South
Mountain, and we are glad to have SRK on board.”
Strategic Discussions Continuing with Potential Partners
Commenting on the appointment of SRK, Thunder Mountain Gold President and CEO Eric T.
Jones said, “We are very pleased to have SRK engaged to assist us in the advancement of the
South Mountain Project. Resource modeling and delineation work will start immediately,
followed by the planned underground core drilling and additional drift rehabilitation once we
have secured the required funding. We are actively working to secure the necessary capital to
fully fund the PEA and associated dev elopment activities, and are currently in discussions with
potential new investors and/or strategic partners.”
“Based on the work we have done to date at South Mountain, we already have the ability to
move underground core drill rigs to identified exploration targets that are outlined in our model.
We believe there is excellent geological potential to not only expand these major zones down -
dip, but to also make additional South Mountain-type discoveries in the area,” Mr. Jones added.
SRK Consulting was formed in Johannesburg, South Africa, in 1974 as Steffen , Robertson and
Kirsten. Today, SRK provides focused advice and solutions for clients requiring specialized
services, mainly in the fields of mining, surface and underground geotechnics, water, waste
materials, process engineering, the environment and mineral economics. The Group employs
more than 1,400 professionals internationally and has over 45 permanently staffed offices in 20
countries on six continents. SRK’s staff in North America includes over 2 00 engineers,
geologists, scientists and support staff. A broad range of internationally recognized associate
consultants complement this staff. Furthermore, it is not uncommon for them to call on their
international offices for expertise, insuring our cli ents are provided with the best project team.
By combining the talents of our international staff and associates, SRK has successfully
undertaken the most challenging assignments.
SRK is a focused mining consulting group with approximately 90% of their businesses sourced
from the international mining sector. SRK has completed projects globally for a variety of
clients, including mining companies, financial institutions, securities commissions, private
industry, government departments, utilities corporations and attorneys.
Thunder Mountain Gold, Inc , is a U.S. – based exploration company founded in 1935, with
direct ownership interest in two U.S. precious and base metal projects. The Company’s principal
asset is The South Mountain Project – a zinc-silver-gold project with copper and lead, formerly
producing in the 1940`s, and located in southern Idaho`s Owyhee County. The Company`s Trout
Creek Project is a grass roots gold target , drill ready, and located in the Eureka-Battle Mountain
trend of central Nevad a. For more information on Thunder Mountain Gold, please visit the
Company’s website at www.Thundermountaingold.com.
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 are based on certain
assumptions, which could change materially in the future. By their nature, forward -looking information
involves know n and unknown risks, uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any future results, performance or
achievements expressed or implied by the forward -looking information. There c an be no assurance that
forward-looking information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, investors should not place 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
circumstances, except as required in accordance 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.
The United States Securiti es and Exchange Commission (“SEC”) permits mining companies, in their
filings with the SEC, to disclose only those mineral deposits that a company can economically and legally
extract or produce.
For further information, please contact:
Thunder Mountain Gold, Inc.
Eric Jones Jim Collord
President and Chief Executive Officer Chief Operating Officer
[email protected] [email protected]
Tel: (208) 658-1037 Tel: (208) 658-1037