Thunder Gold Stock Price, News & Analysis

Thunder Gold Corp (TGOLF) is a junior exploration company focused on advancing the Tower Mountain Gold Property in the Shebandowan Greenstone Belt near Thunder Bay, Ontario. The company is listed on the TSX Venture Exchange under the symbol TGOL, on the OTCQB under TGOLF, and on the Frankfurt Stock Exchange under Z25. Thunder Gold describes Tower Mountain as an emerging gold system with the scale, consistency and quality to support a long-life, open-pit operation, and positions this project as its cornerstone asset.

Core business focus

Thunder Gold Corp concentrates on the exploration and advancement of the 100%-owned Tower Mountain Gold Property, a 2,500-hectare land package located approximately 40–50 kilometres west of the port city of Thunder Bay, Ontario. According to the company, results from disciplined drill programs have consistently reinforced confidence in the continuity and predictability of gold mineralization, while highlighting significant potential for expansion across multiple zones around the Tower Mountain Intrusive Complex (TMIC).

Tower Mountain Gold Property

The Tower Mountain property surrounds the largest exposed intrusive complex in the eastern Shebandowan Greenstone Belt. The company reports that most known gold occurrences in this belt have been described as occurring either within, or proximal to, intrusive rocks. At Tower Mountain, gold is localized within extremely altered rocks surrounding or parallel to the contact of the TMIC. Historical drilling has established anomalous gold extending out from the intrusive contact for over 500 metres along a strike length of up to 1,800 metres, to depths of over 500 metres from surface. The remaining 75% of the perimeter surrounding the intrusion shows geology, alteration and geophysical responses that the company considers to offer a compelling exploration opportunity.

Thunder Gold highlights that the property is located adjacent to the Trans-Canada Highway, with year-round road access and proximity to rail and power infrastructure. The company emphasizes that this access, combined with what it describes as very low all-in drilling costs, supports efficient exploration and potential future project advancement.

Key target areas and mineralization

Exploration at Tower Mountain has defined multiple target areas arrayed around the TMIC, particularly along the western and eastern contacts. On the western contact, Thunder Gold identifies the UV, Bench, Ellen, A, 110 and 3738 targets, which together extend semi-continuously over approximately 1,800 metres of strike length. Drilling at these targets has outlined northwesterly trending corridors of gold mineralization with varying strike lengths and depths, and the company notes that mineralization commonly remains open along strike and at depth.

• UV target: Gold mineralization has been traced along a corridor measuring about 400 metres along strike and an estimated width of 200 metres, from surface to a maximum depth of roughly 300 metres, and is interpreted by the company to be sub-vertical and open to the northwest and at depth.
• Ellen target: Drilling has outlined a corridor of about 100 metres along strike and an estimated width of 200 metres, from surface to a maximum depth of around 200 metres. Mineralization is interpreted as sub-vertical, remains open at depth, and trends into the 3738 target.
• Bench target: The Bench corridor measures approximately 500 metres along strike and 300 metres in estimated width, with mineralization traced to a maximum depth of about 500 metres. It is interpreted to transition into the 3738 target to the northwest and to be fault-offset toward the 110 target to the southeast.
• 3738 target: Located between the Bench and Ellen targets, this corridor is described as about 250 metres along strike and 300 metres in estimated width, sub-cropping near surface and drill-traced to depths of about 400 metres. Thunder Gold reports broad, consistent intervals of gold mineralization and regards this area as a compelling, fully permitted, low-cost drill target.
• A target: The A target is characterized by at-surface, high-grade gold mineralization along a northwesterly trending corridor measuring about 150 metres along strike with an estimated width of 100 metres. Mineralization outcrops at surface, is interpreted as sub-vertical, and has been drill-traced to a maximum depth of roughly 125 metres, remaining open in all directions.
• 110 target: This target covers a corridor of about 200 metres along strike and 150 metres in estimated width, with mineralization from surface to depths of about 300 metres. It is interpreted as sub-vertical and open in all directions.

On the eastern side of the TMIC, Thunder Gold has identified the P and H targets. At the P target, drilling has defined a highly altered monzonite unit over a strike length of about 210 metres and an interpreted down-plunge extension to the southeast. The company reports that average grades and interval lengths at the P target are statistically comparable to those drilled along the western contact. At the H target, drilling has intersected near-surface mineralization and supported an interpretation that this zone may be part of the same trend as the P target.

Exploration programs and strategy

Thunder Gold has advanced Tower Mountain through a series of drill programs and surface work. Phase Two and Phase Three drill programs have focused on expanding the mineralized footprint, testing gaps in historical drill coverage, and improving geological confidence along both the western and eastern contacts of the TMIC. The company reports high success rates in intersecting gold mineralization over broad intervals within relatively shallow depths.

In addition to drilling, Thunder Gold has undertaken soil geochemistry surveys, surface mapping, prospecting, outcrop stripping and channel sampling. These programs target gold-in-soil anomalies and structural features such as the Thunder Lake Fault, with the aim of refining drill targets and evaluating new zones around the TMIC.

Advancement toward a Mineral Resource Estimate

Thunder Gold has engaged Micon International Limited to complete an NI 43-101 Mineral Resource Estimate for Tower Mountain. The planned estimate focuses initially on the western contact of the TMIC, including the UV, Bench, Ellen, A, 110 and 3738 targets. The company states that this work is intended to define a lower-capex, near-surface gold resource that could support a pathway to open-pit production and provide third-party validation of the project’s scale and longevity.

According to Thunder Gold, the combination of consistent drill results, multiple open targets around the TMIC, and strong infrastructure access positions Tower Mountain as a project with district-scale potential. The company emphasizes that its exploration strategy is to maintain capital efficiency while directing a substantial portion of raised funds to exploration at Tower Mountain.

Financing and corporate profile

Thunder Gold has raised exploration capital through non-brokered private placements of flow-through and non-flow-through units. These financings have been used to fund drilling, soil geochemistry programs, and other exploration activities at Tower Mountain, as well as to advance work toward the NI 43-101 Mineral Resource Estimate. The company notes that insiders have participated in certain placements, and that it has relied on applicable exemptions under Canadian securities regulations for related party transactions.

Thunder Gold describes itself as a junior exploration company and indicates that it was formerly known as White Metal Resources. Its corporate communications emphasize a vision of unlocking a discovery with the potential to become a transformational Canadian gold project, while contributing to the future of Canada’s mining industry.

Project infrastructure and location advantages

The Tower Mountain property benefits from proximity to established infrastructure. The Trans-Canada Highway provides year-round access via a short secondary road, and the main east–west CN rail line with an existing siding crosses that access route. A main hydro transmission line is located near the conceptual pit area described by the company. Thunder Gold highlights that this combination of road, rail, power and proximity to the port city of Thunder Bay supports low exploration costs and offers logistical advantages compared with more remote exploration projects.

Exploration practices and quality control

Thunder Gold describes detailed procedures for diamond drilling, core handling, logging, sampling and quality assurance/quality control (QA/QC). NQ diameter core is logged for geological, geotechnical and physical properties, photographed, and cut in half for sampling. The company uses standard sample lengths, inserts certified reference materials and blanks into the sample stream, and sends samples to accredited laboratories in Thunder Bay, Ontario for gold analysis using fire assay with atomic absorption finish. Higher-grade samples are re-assayed using gravimetric methods or screen metallics, and QA/QC performance is monitored with re-assays where required.

Technical information disclosed by Thunder Gold is reviewed and approved by a Qualified Person as defined under National Instrument 43-101, providing a regulatory framework for the public disclosure of scientific and technical information on mineral projects in Canada.

Position within the mining sector

Within the Basic Materials sector, Thunder Gold is classified under other industrial metals and mining, but its disclosed activities are focused on gold exploration. As a junior exploration issuer, its primary value drivers are exploration results, resource definition work, and the advancement of the Tower Mountain project rather than current production. Investors and analysts typically evaluate such companies based on exploration success, project scale and continuity, infrastructure advantages, and the path toward formal resource estimates and potential development.

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