- Blue Thunder Mining Inc. (BLUE) has identified seven induced polarization (IP) anomalies in a survey recently completed at its Muus Property in Québec
- The survey found indications of iron formations that could serve as a geochemical trap for gold mineralization.
- The company also acquired four new claims on April 26, 2021
- Blue Thunder is a mining company focused on the acquisition, exploration, and development of mineral properties in Canada.
- Blue Thunder Mining Inc. (BLUE) is steady, trading at $0.055 per share
Blue Thunder Mining Inc. (BLUE) has identified seven induced polarization (IP) anomalies in a survey recently completed at its Muus Property in Québec.
The survey was looking for sedimentary-hosted gold mineralization and found indications of iron formations in the metasedimentary rocks that could serve as a geochemical trap for gold mineralization.
The magnetic anomaly in which the iron formations were found trends east-west for approximately 2.7 kilometres within the property.
Robert Cinits, President and CEO of Blue Thunder Mining, commented,
“This area is one of our main exploration priorities, as we look for potential northwest extensions of the Nelligan gold deposit on the company’s flagship Muus Property.”
He continued,
“The company is actively preparing for its 2021 field program, which is scheduled to commence in May and will evaluate this new target area in more detail, including diamond drilling.”
Blue Thunder also acquired four new claims on April 26, 2021, adding a land package of approximately 224 hectares to the company’s existing 51,607 hectares of land.
“These claims further consolidate this exciting target area and are located just a few kilometres to the west-northwest of the IP survey,” remarked Mr. Cinits.
As part of its upcoming 2021 field season, Blue Thunder intends to test selected IP anomalies with diamond drilling. Based on results, prospective targets will be further evaluated and potentially drill tested later this year.
Blue Thunder is a mining company focused on the acquisition, exploration, and development of mineral properties in Canada.
Blue Thunder Mining (BLUE) is steady, trading at $0.055 per share as of 11:37 am ET.