Business
Thunder Gold Purchases Freehold Patent at Tower Mountain Property and Completes Sale of Seagull Lake Property
Thunder Bay, Ontario--(Newsfile Corp. - May 12, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased
About this update from Thunder Gold Corp.
[{"type":"text","content":" Thunder Bay, Ontario--(Newsfile Corp. - May 12, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (\"Thunder Gold\" or the \"Company\") is pleased to announce it has purchased 100% ownership of a freehold patent (the \"Kons Patent\"), within the current boundary of the Company's flagship Tower Mountain Property in the Shebandowan Greenstone Belt, 40 kilometres west of the port city of Thunder Bay, Ontario (Reference Figure 1). On May 8, 2026, the Company acquired 100% of the surface and mineral rights associated with the 31-hectare Kons Patent, within the Tower Mountain claim boundary. The Company acquired the patent in exchange for a one-time cash payment of US$50,000 and a one-time share issuance of 700,000 common shares of Thunder Gold. No legacy royalties are associated with the patent and no royalty was retained by the vendors. The Company also announces that Rift Mineral Inc. (\"Rift\"), a private company, has earned a 100% interest in the Seagull Lake Property located in the Leckie Lake area of Ontario, by paying the Company C$75,000.00 in cash and issuing 15,990,000 Class A common shares of Rift. The Company shall retain a 1.0% NSR Royalty on the claims optioned to Rift, which can be purchased at any time for C$1,000,000.00. Wes Hanson P.Geo., President and CEO states: \"The Kons patent increases our surface rights within the existing Property boundary, adds exploration potential and simplifies exploration access to the eastern TMIC contact. The acquisition will reduce access costs to the northeastern and eastern TMIC boundary where strong magnetic lows remain untested (Figure 1). All known mineralization surrounding the TMIC is coincident with strong magnetic lows observed at the western TMIC contact as well as at the P-Target along the eastern TMIC contact. The remaining magnetic lows surrounding the TMIC are untested and represent a compelling exploration target as does the strong, linear magnetic low observed in the recently optioned Electra property to the west. Completing the Seagull Lake transaction with Rift Minerals allows us to continue focusing on advancing our flagship Tower Mountain property west of Thunder Bay, Ontario. Rift has identified an exciting exploration concept at Seagull Lake, focused on natural pressurized gas that may include hydrogen and/or helium, in addition to the demonstra...