Business
Great Thunder Gold Acquires Ground in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2021) - Great Thunder Gold Corp. (CSE: GTG) (OTC Pink: GTGFF) (FSE: M4KQ) ("Great Thunder" or the "Compan
About this update from Newfoundland Discovery Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 3, 2021) - Great Thunder Gold Corp. (CSE: GTG) (OTC Pink: GTGFF) (FSE: M4KQ) (\"Great Thunder\" or the \"Company\") is pleased to announce it has entered into an option agreement to acquire 197 claims totaling 4,925 hectares located 45 kilometres (\"km\") northeast of Gander, NL (Figure 1). The GRUB and Bursey's Properties (the \"Property\") lie along the GRUB line, a crustal scale structural corridor believed to be one of the major fluid conduits related to the Gander Gold belt and New Found Gold's \"Keats Zone\" hosting bonanza high-grade gold mineralization. Figure 1. Regional location of the GRUB and Bursey properties. Under the terms of the option agreement, Great Thunder can acquire a 100% interest in the GRUB and Bursey's claim groups from the optionors by paying $15,000 and issuing 592,000 shares immediately and incurring $300,000 of exploration expenditures within two years. Access is deemed excellent through a network of logging roads. GRUB and Bursey's Claim Group The Property lies along the GRUB Fault, a crustal scale fault zone that divides the Gander Zone from the Exploits Subzone and extends over 200 km in a southwest trend. (Figure 2). The GRUB structural corridor and related splay faulting hosts the Appleton Fault and JBP Fault home to the Queensway Gold Project of New Found Gold that reportedly contains 2 gold discoveries, the Keats and Lotto Zones, and an additional 10 high grade gold showings https://newfoundgold.ca/project/queensway-project/. The GRUB and Bursey's Properties are located over and adjacent to a carbonatized ultramafic unit with quartz-carbonate veining known as the Gander River Ultramafic Belt. The spatial relationship of gold mineralization to faults zones with carbonatized ultramafic rocks suggests a comparison to the Mother Lode Belt in California, a general deposit model where the carbonatization of ultramafic rocks and the development of gold veins in and above thrusts, reverse and normal faults has been used as a guide for exploration in these areas. Since the initial phase of exploration in the 1980's no further work has been completed on the claim groups. Figure 2. GRUB and Bursey claim group along the GRUB Fault line. Commentary from the CEO Blair Naughty, CEO of Great Thunder states: \"As CEO of GTG it is my duty to our shareholder...