- Great Thunder (CSE:GTG) has acquired an extra 76 mineral claims, covering 4,200 hectares of exploration license at the Southern Star Property in Quebec
- The company paid C$14,000 and issued 300,000 common shares to acquire the claims
- The new claims have expanded the Southern Star property by 50 per cent to 123 square kilometres and 222 minerals claims
- The region has seen a flurry of activity lately, centred around Wallbridge Mining’s Fenelon/Tabasco deposit, which is 6.5 kilometres to the south of Southern Star
- Great Thunder (GTG) is down 3.6 per cent to $0.31 per share
Great Thunder (CSE:GTG) has acquired an extra 76 mineral claims, covering 4,200 hectares at the company’s Southern Star property in Quebec.
The new claims expand the property by 50 per cent to 123 square kilometres of exploration license with 222 individual mineral claims.
The company paid C$14,000 for the properties, along with issuing 300,000 common shares of Great Thunder to the vendor.
The purchase also gives the seller a 1.5 per cent net smelter royalty, half of which Great Thunder can buy back for $500,000.
Great Thunder owns 100 per cent of the Southern Star property, which lies within the highly prospective Fenelon Gold Camp.
The region has seen a flurry of activity lately, centred around Wallbridge Mining’s Fenelon/Tabasco deposit, 6.5 kilometres to the south of Southern Star.
Great Thunder’s CEO Rich Macey said the company’s team has been active in recent months consolidating ground in the region. He went on to comment on the new claims.
“The success is attributable to the team’s extensive network and knowledge of the areas on which to concentrate. Because of this timely acquisition, we have been able to scale up our geophysical survey to cover the entirety of our projects within the camp,” he said.
Great Thunder (GTG) is down 3.6 per cent and is trading at 31 cents per share at 10:40 pm EDT.