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Thunder Gold Commences Exploration Drill Program at Tower Mountain Gold Property
Thunder Bay, Ontario--(Newsfile Corp. - February 17, 2023) - Thunder Gold Corp. (TSXV: TGOL) (FSE...
About this update from Thunder Gold Corp.
[{"type":"text","content":"Thunder Gold Commences Exploration Drill Program at Tower Mountain Gold PropertyThunder Bay, Ontario--(Newsfile Corp. - February 17, 2023) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTC Pink: TNMLF) (formerly White Metal Resources Corp) (\"Thunder Gold\" or the \"Company\") is pleased to announce diamond drilling has commenced at the Tower Mountain Gold Property, located 50-km west of Thunder Bay, ON.Chibougamau Diamond Drilling Ltd. (\"Chibougamau\") was awarded the 4,000-metre contract. A drill was mobilized to site on February 13th and drilling commenced on February 14, 2023. The estimated program duration of the fully funded drill program is seven weeks.Highlights:Exploration data analysis indicates IP chargeability correlates to increased gold gradeInitial drill holes to target the strongest chargeable anomaly identified to-dateAdditional holes shall target new chargeable targets identified by the 2022 surveyMain objectives for 2023 are:1) rapidly expand the footprint of the low-grade gold mineralization2) demonstrate potential for discovery of higher-grade gold mineralization3) demonstrate potential for additional mineralization elsewhere within the assembled claim packageWes Hanson P.Geo., CEO of Thunder Gold notes: \"Our primary objective with our initial 2023 drill program is to rapidly demonstrate that Tower Mountain offers a conceptual exploration target ranging from 50 to 100 million tonnes averaging 0.70 to 0.90 g/t Au. Our secondary objective is to demonstrate opportunities to increase both the quantity (size) and quality (grade) of the conceptual exploration target. Recent petrographic and geochemistry suggests that mineralization at Tower Mountain may represent a large, magmatic hydrothermal system associated with the alkalic Tower Mountain Intrusive Complex (\"TMIC\"). Surface sampling has identified anomalous gold mineralization around the entire perimeter of the intrusion, specifically at or near the intrusive-volcanic contact. Gold mineralization is relatively agnostic of rock type and carbonatization is the dominant alteration. We have established a direct relationship between pyrite content, IP chargeability strength and gold grade with each increasing in direct proportion to the other. We believe Tower Mountain offers an opportunity for a large-tonnage, low-grade gold discovery and note that the current...