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Thunder Gold Extends Mineralized Footprint at Tower Mountain; Results Include 0.59 g/t Au over 36.3 Metres
Thunder Bay, Ontario--(Newsfile Corp. - May 15, 2023) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25...
About this update from Thunder Gold Corp.
[{"type":"text","content":"Thunder Gold Extends Mineralized Footprint at Tower Mountain; Results Include 0.59 g/t Au over 36.3 MetresThunder Bay, Ontario--(Newsfile Corp. - May 15, 2023) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) (\"Thunder Gold\" or the \"Company\") is pleased to announce final results from the 4,000 metre Phase One drilling program at the Tower Mountain Gold Property, 50-km west of Thunder Bay, Ontario, which confirm the expected outline of a large-tonnage, low-grade gold mineral resource.Highlights:TM23-139 intersected 0.56 g/t Au over 10.5 metres within a broader interval that assayed 0.17 g/t Au over 250.4 metres.TM23-140 intersected 0.53 g/t Au over 24.5 metres and 0.46 g/t Au over 16.3 metres.TM23-143 intersected 0.59 g/t over 36.3 metres and 1.12 g/t over 13.4 metres.TM23-136, 137, 138 and 139 define an approximately 300 x 300-metre block of mineralization suggesting continuity between the Ellen and A targets, a 500-metre strike length open along strike.Phase One drilling was completed on time and on budget, all-in exploration costs of approximately $260 per metre.Wes Hanson (P.Geo.), CEO of Thunder Gold notes: \"We are encouraged with the results of this drilling program. First and foremost, we established continuity between the A and Ellen targets with holes TM23-137 and 138, adding close to 100,000 square metres of prospective mineralization, to depths of approximately 200 metres from surface. We also reported the highest grade ever reported at Tower Mountain in hole TM23-137 which assayed 941.0 g/t Au over 1.5 metres, in the same prospective mineralized block between the A and Ellen targets and which had previously been untested.\" Table 1 summarizes all of the Phase One drilling results, including those holes previously reported March 20, 2023 (grey shading). Results are provided at cut-off grades of 0.00 (entire hole), 0.10 and 0.30 g/t Au, respectively. The Company considers 0.30 g/t Au to be an appropriate cut-off grade for a large-tonnage, low-grade mineral resource. In addition, a minimum horizontal width of 6.0 metres, (approximately 9.0 metres down-hole) was used to filter reported intervals. A minimum 50% of the horizontal interval must exceed the cut-off grade and the average grade of the interval reported must be greater than the cut-off grade. Individual sample...