Business
Great Thunder Gold to Acquire Southwest Pond Gold Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2021) - Great Thunder Gold Corp. (CSE: GTG) (OTC Pink: GTGFF) (FSE: M4KQ) ("Great Thunder" or the "Compa
About this update from Newfoundland Discovery Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - July 21, 2021) - Great Thunder Gold Corp. (CSE: GTG) (OTC Pink: GTGFF) (FSE: M4KQ) (\"Great Thunder\" or the \"Company\") is pleased to announce that the Company has entered into an agreement to purchase a 100% interest in the Southwest Pond Gold Project (the \"Project\") located in the prolific Newfoundland Gold Belt. Highlights: The Project consists of a total of 318 mineral claims encompassing a land area of approximately 80km² (~8,000ha). The Project is contiguous to the eastern side of New Found Gold's Queensway Project, straddling the Gander River Ultramafic Belt (GRUB), which has the potential to be one of the main corridors for the transport of gold mineralization in the area. The Project covers geological terrain that is underexplored and has the potential to host mineralization in secondary and tertiary structures following the presumed epizonal geological model at the Keats, Knob and Lotto Zones located 37 kms to the north. The Project is 1.5 km east of the historical government documented Middle Ridge Gold Showing that was sampled by Noranda in 1989 returning 1.07 g/t Gold. The area also returned a Heavy Metal Concentrate (\"HMC\") sample assay of 2.6 g/t Gold [GSB# 002D/0211]. Great Thunder continues to substantially expand its strategic land holdings in Newfoundland from 877 claims to 1195 claims (298.75km2 or 29,875 hectares). Blair Naughty, President & Chief Executive Officer of Great Thunder Gold, commented: \"We are thrilled to have been able to acquire such prospective projects in Newfoundland. In a time during a major gold rush that there's not one mineral occurrence not already staked province wide. To do this deal where an entire contiguous project was available, located alongside New Found Gold's property, and near our newly acquired Haili Brook project (incorrectly referred to as the Kingsway Project in Great Thunder's news release dated July 14th, 2021) made sense as we put together our plans to move the Newfoundland projects forward.\" Figure 1: Great Thunder's projects in Newfoundland including the newly acquired Southwest Pond Project (in red). Figure 2: Great Thunder's land positions (in blue) on the Newfoundland Area Play Map compiled by Exploration Sites on July 19th, 2021. About the Southwest Pond Gold Project The Southwest Pond Gold Project is l...