- Thunder Gold Corp (TGOL) plans to commence a 4,000-metre diamond drill program at the Tower Mountain Gold Property in Ontario
- The 4,000-metre drill contract has been awarded, with the start date estimated to be mid-February
- The company has also granted 4,600,000 options at a $0.05 strike price to officers, directors and consultants, effective January 30, 2023
- Thunder Gold Corporation, formerly White Metal Resources. is a junior exploration company focused on gold discovery in Canada
- Thunder Gold Corp. (TGOL) opened trading at $0.05
Thunder Gold Corp (TGOL) plans to commence a 4,000-metre diamond drill program at the Tower Mountain Gold Property.
The 4,000-metre drill contract has been awarded. The start date is estimated to be mid-February.
The 4.0 km2 Induced Polarization (IP) survey has been completed. Interpretation is in progress, with results expected mid-February.
Preliminary inversions of the North and East survey blocks indicate chargeable anomalies similar to those observed to be coincident with the Bench, Ellen and A targets to the west;
Phase One drilling focused on the undrilled, core chargeable response that sits north of the Bench and west of the A and Ellen targets;
The remainder of the planned Phase One program shall test prioritized geophysical targets to the North, East and South of the Tower Mountain Intrusion Complex (TMIC).
“We believe Tower Mountain offers a unique opportunity to define a large tonnage-low grade gold resource adjacent to the Trans Canada highway less than 50 kilometres from the city of Thunder Bay, Ontario, and that is what we intend to demonstrate with our Phase One drill program,” said Wes Hanson P.Geo., CEO of Thunder Gold.
“Our compilation work indicates gold mineralization is agnostic relative to alteration and rock type, occurring in both the intrusive suite as well as the host volcanics,” he added.
Furthermore, the company has granted 4,600,000 options at a $0.05 strike price to officers, directors and consultants, effective January 30, 2023. The options have a 12-month term.
The Tower Mountain Gold Property is located five kilometres off the Trans-Canada highway, 50-km west of Thunder Bay, Ontario.
Thunder Gold Corporation, formerly White Metal Resources. is a junior exploration company focused on gold discovery in Canada.
Thunder Gold Corp. (TGOL) opened trading at $0.05.