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Thunder Gold Acquires 100% Interest in Startrek Gold Property in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - December 27, 2023) - Thunder Gold Corp (TSXV: TGOL) (FSE:...
About this update from Thunder Gold Corp.
[{"type":"text","content":"Thunder Gold Acquires 100% Interest in Startrek Gold Property in NewfoundlandThunder Bay, Ontario--(Newsfile Corp. - December 27, 2023) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) (\"Thunder Gold\" or the \"Company\") announces that Leocor Gold Inc. (\"Leocor\") has advised the Company that it would not be completing their option to earn a 70% interest in the Startrek Gold Property (the \"Property\"). As a result, the Company now holds a 100% interest in the Newfoundland (\"NL\") gold Property.Startrek Highlights:Located in a premium exploration district with demonstrated discovery potential;Road accessible project, close to established provincial infrastructure;Over 50 known gold showings identified by prospecting and surface sampling;Gold mineralization associated with quartz veins and quartz breccia zones; Soil geochemical surveys indicate multiple anomalies (90th percentile cutoff);Soil anomalies trend east to east-northeast and persist over hundreds of metres;Stacked soil anomalies define a trend over 4,000 metres in length by 300 metres wide;Approximately 80% of the total claim area, remains unexplored;The Startrek Gold Property (6,847 hectares) is situated in the Central Newfoundland Gold Belt (\"CNGB\"), an emerging gold district in Newfoundland, interpreted to host high-grade, orogenic gold deposits. Startrek is located 20 kilometres east of the Town of Gander, NL, immediately north of the Trans-Canada highway (Ref. Figure 1).The Property is dominated by clastic metasedimentary rocks of the Gander Group (Ref. Figure 2). Historical prospecting and rock sampling (by others) identified more than 50 known gold anomalies, reporting gold grades up to 40.9 g/t Au in selective surface rock samples. Soil geochemistry (100-metre x 25-metre) has identified multiple east-northeast, northeast and east-west trending anomalies traceable for several hundreds of metres within a broader 200 - 300-metre-wide corridor that trends to the northeast and extends for over 4,000 metres (Ref. Figure 2). Wes Hanson P.Geo., CEO of Thunder Gold notes: \"The Central Newfoundland Gold Belt (\"CNGB\") is one of the most active exploration districts in Canada today with multiple companies targeting high-grade, orogenic gold deposits throughout the CNGB. Historical exploration of the Startrek Property ...