- Thunder Gold (TSXV:TGOL) has uncovered a new gold zone at surface within its Tower Mountain property 50 kilometres west of Thunder Bay, Ontario
- The supporting drill core assay results are the best the property has yielded in half a century
- Highlights from the P target include 1.93 grams per ton (g/t) of gold over 54.2 metres in TM24-152 and 0.93 g/t gold over 41.8 metres in TM24-160
- Thunder Gold, formerly White Metal Resources, is a junior mining stock focused on gold discoveries in Canada
- Thunder Gold stock is flat year-over-year and down by 20 per cent since 2020
Thunder Gold (TSXV:TGOL) has uncovered a new gold zone at surface within its Tower Mountain property 50 kilometres west of Thunder Bay, Ontario. The supporting drill core assay results are the best the property has yielded in half a century.
All 13 drill holes yielded continuous gold grades greater than 0.30 grams per ton (g/t) of gold over intervals ranging from 10 to 50 metres, indicating “large-tonnage low-grade gold resource potential,” according to Tuesday’s news release.
The drilling program, based on robust channel samples released in November, established a new gold zone with a 125-metre strike length, estimated true width ranging from 20 to 45 metres and a drill-traced depth of 45 metres. Mineralization is open along strike and down dip.
The observed gold trend tracks northwest for 500 metres to the untested PAPA target (average 1.65 g/t gold from surface rock samples), and continues for another 500 metres northwest to the minimally drilled H target (average 1.61 g/t gold from surface rock grab samples). The gold trend also traverses a third gold-in-soil anomaly 400 metres to the southeast and is interpreted to approach the property boundary a further 600 metres to the southeast.
To date, Thunder Gold drilling has established anomalous gold extending for over 500 metres (along a 1,500-metre strike length) to depths of over 500 metres from surface, all within the largest exposed intrusive complex in the gold-rich Eastern Shebandowan Greenstone Belt. About 75 per cent of the perimeter surrounding the intrusion shows identical geology, alteration and geophysics, offering significant exploration upside.
Leadership insights
“This is the most significant set of drill hole results at Tower Mountain in 50 years,” Wes Hanson, Thunder Gold’s president and chief executive officer, said in a statement. “Confirming gold mineralization along the eastern margin of the Tower Mountain Intrusive Complex (TMIC) has been my priority since I joined the company in 2022. The historical drilling (190 holes, 41,000 metres) along the western TMIC contact defines a conceptual exploration target that we estimate to be between 40 to 80 million tons averaging 0.80 to 1.20 g/t gold. Establishing mineralization of similar grade and thickness along the eastern perimeter, a mere 1,200 metres to the east, significantly increases our confidence that we can grow towards a Tier One gold discovery. All 13 holes returned sustained gold grades over wide intervals. The projected mineralized trend lies entirely within our 100-per-cent owned mineral title. All mineralization lies within a 1,200-metre radius of the TMIC center, providing a compact footprint which benefits exploration efficiency. With all necessary infrastructure in place, Tower Mountain offers a truly unique combination of size, grade predictability, world class infrastructure and a premium mining jurisdiction that cannot be matched.”
Tower Mountain diamond drilling assay results
About Thunder Gold
Thunder Gold, formerly White Metal Resources, is a junior mining stock focused on gold discoveries in Canada. Thunder’s portfolio also includes the PEN gold property and the Seagull Lake platinum group elements property, both in Ontario, as well as minority interests in various early-stage base and precious metal projects.
Thunder Gold stock (TSXV:TGOL) last traded at C$0.04 per share. The stock is flat year-over-year and down by 20 per cent since 2020.
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(Top photo of a Thunder Gold drill: Thunder Gold)
