Great Thunder Gold Continues to Expand Land Position in Newfoundland

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[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 10, 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 147 claims totaling 3,675 hectares located 45 kilometres (\"km\") north of Gander, NL (Figure 1). The Rodgers Cove claim group (the \"Property\") lies within the Exploits Subzone along the highly prospective northeast trending Dog Bay-Appleton-Grub Line fault system. The Property is 40 km northeast of the Keats Zone which is currently undergoing a 200,000-metre drill program by New Found Gold where recent dill results of 146.2 g/t Au over 25.6m were reported (see press release dated May 21, 2021). Figure 1. Regional location of the Rodgers Cove Property. Under the terms of the option agreement, Great Thunder can acquire a 100% interest in the Rodgers Cove claim group from the optionors by paying $35,000 immediately, issuing 849,915 shares in three tranches over two years, incurring $250,000 of exploration expenses within two years and granting a 2% net smelter returns royalty. The Company may repurchase three-quarters of the royalty at any time for $2,000,000. The Company will also pay a finder's fee of 85,000 shares in respect of the transaction. Access is deemed excellent through a network of logging roads. Rodgers Cove Claim Group The property is within the Exploits Subzone of the Dunnage Zone close to the boundary between the Gander and the Dunnage Zones and is hosted within the Charles Cove siltstone formation of the Indian Islands Group. Recently discovered mineralization on the property was reported in significant new Au-Ag assays associated with elevated levels of Bi, Sb and Cu. Grab samples have returned up to 11.933 g/t Au, 21 g/t Ag, 543 ppm Bi, 420 ppm Cu and 900 ppm Sb. The polymetallic mineralization is associated with quartz veins within an altered granodiorite with pervasive arsenopyrite envelope (Figure 2). Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property. Figure 2. Local geology and Grab sample locations on the Rodgers Cove Property. Commentary from the CEO Blair Naughty, CEO of Great Thunder states: \"We are excited to acquire additional ground in the central Newfoundland gold belt. The recent discovery of ...

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