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Great Thunder Signs LOI, Positioning to Become One of the Largest Landholders around Wallbridge’s Fenelon Deposit in Quebec
VANCOUVER, BC / ACCESSWIRE / April 21, 2020 / Great Thunder Gold Corp. (TSXV:GTG)(OTCPINK:MLBVF)(FSE:M4KQ-FF) ("Great Thunder" or the "Company") is pleased to a
About this update from Newfoundland Discovery Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / April 21, 2020 / Great Thunder Gold Corp. (TSXV:GTG)(OTCPINK:MLBVF)(FSE:M4KQ-FF) (\"Great Thunder\" or the \"Company\") is pleased to announce the securing of a Letter of Intent (\"LOI\") for the acquisition of the Southern Star Property (\"Southern Star\") located 6.5km south of the Fenelon/Tabasco deposit held by Wallbridge Mining Company (\"Wallbridge\"). The Southern Star would bring the Company to a total of 10,677 hectares in the prolific district, as it has recently acquired the Northbound and Northbound Extension properties within the camp. Great Thunder's President & CEO Richard Macey states, \"The Southern Star acquisition, subject to a due diligence process, would significantly increase the Company's strategic position along the Detour trend belt as it would nearly quadruple our key land positioning. Such well positioned land holdings provide a greater opportunity for discovery potential. With Wallbridge & Balmoral on the road to combining their companies, if the due diligence of the Southern Star is positive and this transaction is completed, it would make Great Thunder one of the largest land holders in the newly developing Fenelon Gold Camp.\" About the Fenelon Gold Camp Over the course of last year, Wallbridge Mining has had tremendous recent success in the Fenelon gold camp. Wallbridge drilled 75,000m on their project last year and planned to increase to 100,000 - 120,000m of drilling throughout 2020 en route to their maiden-resource calculation. The Fenelon Project could have the potential to host one of Quebec's next major open-pitable high-grade gold deposits with the success Wallbridge is having. Last December, they reported drill intercept highlight grading of up to 22.73 g/t Au over 48.01 meters (Wallbridge Dec 3, 2019 press release) and a successful 33,233 tonnes at 18.49 g/t Au bulk sample result which met or exceeded their initial projections in terms of grade and gold recovery. This bulk sample also provided cash flow for their 2019 drilling of 75,000m. The Jeremie Pluton Contact Last year, Wallbridge's exploration program tested their 4-kilometre strike length of the Jeremie Pluton contact which trends north-west onto Great Thunder's Northbound Property. Wallbridge's first drill hole (\"FA-19-089\") tested the concept that the Jeremie Pluton does host high-grade mi...