- Great Thunder (GTG) has uncovered 1.48 per cent Li2O over 12.7 m at its Chubb Lithium Project in Quebec
- The company has completed 15 diamond drill holes on the project totalling 2,283 m
- Additional highlights include 1.16 per cent Li2O over 9.8 m and 1.09 per cent Li2O over 6.7 m
- The company is currently obtaining legal and tax advice on spinning out its lithium assets for existing shareholders
- Great Thunder Gold is focused on exploration and development in Quebec and Newfoundland
- Great Thunder (GTG) is down by 2.25 per cent and is currently trading at $0.435 per share
Great Thunder (GTG) has uncovered 1.48 per cent Li2O over 12.7 m at its Chubb Lithium Project in Quebec.
The company has completed 15 diamond drill holes on the project totalling 2,283 m. Assays have been received from 423 samples from all drill holes. Highlights from the drill program include:
| Weighted average | ||||||||
| Hole number | UTM E | UTM N | From (m) | To (m) | Length (m) | Li2O % | Rb ppm | Ta ppm |
| 21-CH-04 | 280659 | 5354745 | 32.3 | 34.6 | 2.3 | 2.34 | 710.6 | 28.2 |
| 21-CH-05 | 280678 | 5354700 | 59.5 | 64.2 | 4.7 | 0.67 | 1877 | 53.8 |
| 21-CH-06 | 280708 | 5354626 | 70.2 | 76.9 | 6.7 | 1.09 | 1334 | 35.3 |
| 21-CH-07 | 280727 | 5354580 | 68.2 | 78 | 9.8 | 1.16 | 1218 | 20.3 |
| 21-CH-15 | 280749 | 5354568 | 107.3 | 120 | 12.7 | 1.48 | 1586 | 34.8 |
The Chubb Lithium Project is located in the La Corne pegmatite field north of Val d’Or, QC.
La Corne is host to North American Lithium’s deposit with reported proven and probable reserves of 17.06 Mt grading 0.94 per cent Li2O and measured and indicated resources of 33.24 Mt grading 1.19 per cent Li2O.
La Corne also hosts Sayona Mining’s Authier Lithium Deposit, which is estimated to contain measured and indicated resources of 17.18 Mt grading 1.01 per cent Li2O and inferred resources of 3.76 Mt grading 0.98 per cent Li2O.
Great Thunder is currently obtaining legal and tax advice on spinning out its lithium assets for existing shareholders and will provide further details when available.
Blair Naughty, Great Thunder’s CEO, commented,
“We are extremely pleased with the lithium results from our phase 1 drill program at the Chubb Property. Drilling has not only confirmed historical results but has improved on the grade and width from Great Thunder’s drill program completed in 2017. This round’s best drill hole ended in mineralization and could not go further due to weather conditions. Winter weather will enable our drillers to continue drilling the extension of this area. We look forward to analyzing the results and moving forward with a phase 2 program in this prolific lithium camp.”
Great Thunder Gold is focused on exploration and development in Quebec and Newfoundland.
Great Thunder (GTG) is down by 2.25 per cent and is currently trading at $0.435 per share as of 10:07 am ET.