Welcome to our dedicated page for Thunder Gold news (Ticker: TGOLF), a resource for investors and traders seeking the latest updates and insights on Thunder Gold stock.
Thunder Gold Corp (TGOLF) generates frequent news as it advances the Tower Mountain Gold Property, a 100%-owned gold exploration project in the Shebandowan Greenstone Belt near Thunder Bay, Ontario. Company updates focus on drilling results, exploration strategy and financing activities that support ongoing work around the Tower Mountain Intrusive Complex.
News releases commonly cover the results of multi-phase drill programs at key targets such as the UV, Bench, Ellen, A, 110, 3738, P and H zones. These updates detail intervals of gold mineralization, expansion of the mineralized footprint, and interpretations of continuity and scale across the western and eastern contacts of the intrusive complex. Thunder Gold also reports on soil geochemistry surveys, surface mapping, prospecting and other field programs designed to refine targets and evaluate new zones.
Investors can follow announcements related to non-brokered private placements of flow-through and non-flow-through units, which fund drilling and surface exploration, as well as corporate developments such as investor relations engagements and investor webinars. The company’s news flow also includes milestones like engaging Micon International to complete an NI 43-101 Mineral Resource Estimate for Tower Mountain, and commentary from management on project strategy, infrastructure advantages and capital efficiency.
This news page aggregates these disclosures so readers can track Thunder Gold’s exploration progress, financing activities and technical milestones at Tower Mountain over time. Regularly reviewing the TGOLF news feed helps investors and observers understand how drill results, resource-definition work and field programs are shaping the project’s development path.
Thunder Gold Corp reports significant gold findings from channel samples at the P-Target within its Tower Mountain Gold Property in Ontario. The highlights include TMCH24-01 averaging 4.93 g/t Au over 24.87 metres (including 9.12 g/t Au over 12.66 metres) and TMCH24-02 averaging 2.78 g/t Au over 20.57 metres. Over 82% of reported channel sample intervals were above 0.30 g/t Au, showing a frequency rate three times higher than previous drill hole core samples. The company plans to complete eight shallow diamond drill holes targeting this trend, with completion expected by mid-December 2024.
Thunder Gold Corp has completed a soil sampling program at its Tower Mountain Gold Property in Ontario, revealing significant findings. The survey identified approximately 2.5 million square metres of anomalous gold, with 80% of anomalies occurring within 500 metres of the Tower Mountain Intrusive Complex (TMIC). Notably, 66% of identified gold-in-soil anomalies represent new targets with minimal previous exploration. The survey demonstrates a direct correlation between soil and drilling results along the 1,500-metre-long western TMIC contact. Multiple soil anomalies parallel to the eastern and southern TMIC contact present compelling exploration targets, suggesting potential to triple the resource area.
Thunder Gold Corp. (TSXV: TGOL) has engaged Apaton Finance GmbH, a German financial PR and investor relations agency, to provide marketing and IR services in Europe. The two-month engagement comes with a one-time payment of EUR 10,000. Apaton holds no direct or indirect interest in Thunder Gold or its securities and has not been granted any stock options. The company aims to introduce its Tower Mountain Gold Property to European investors interested in early-stage gold exploration opportunities.
Thunder Gold Corp reports promising exploration results from its Tower Mountain Gold Property in Ontario. Surface rock samples at the P-Target yielded values between 0.75 g/t to 13.4 g/t Au within a silicified, pyrite-rich monzonite intrusive. The company has established 1,000 meters of trail access and completed 600m² of outcrop stripping, exposing a 15-meter wide mineralized zone along a 75-meter strike length. Historical sampling in the area showed results ranging from 1.58 to 27.2 g/t Au. The company has deployed a man-portable diamond drill for shallow testing, with results expected by mid-December. Additional ongoing work includes soil geochemical sampling and metallurgical studies.
Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) has launched an exploration program on its 100%-owned Tower Mountain Gold Property in Ontario. The program includes:
- Soil geochemical survey over 60% of the claim block
- Reconnaissance mapping and sampling of fault corridors
- Clearing and sampling of the P-Target
- Detailed metallurgical testing
The company aims to explore the Tower Mountain Intrusive Complex (TMIC) and regional structures. A conceptual exploration target of 40 to 80 million tonnes averaging 0.80 to 1.20 g/t Au has been identified. The P-Target, along the eastern TMIC contact, showed historical rock samples ranging from 1.58 to 27.2 g/t Au. Metallurgical testwork will build on previous tests that indicated gold recoveries exceeding 90%.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) has closed a non-brokered private placement, raising approximately $1,000,000. The company issued 33,333,333 Units at $0.03 per Unit, with each Unit consisting of one common share and one warrant. Warrants are exercisable at $0.10 per share for 36 months, subject to accelerated expiry. The financing included insider participation and finder's fees. Proceeds will be used for general working capital and to advance the company's Tower Mountain Gold Property in Ontario. The securities are subject to a four-month hold period and have not been registered under the U.S. Securities Act.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) has closed the first tranche of its non-brokered private placement, raising $663,500 by issuing 22,116,667 Units at $0.03 per Unit. Each Unit includes one common share and one warrant, exercisable at $0.10 for 36 months. The company paid $19,650 in fees and issued 655,000 finder warrants. An insider subscribed for 333,333 Units. Proceeds will be used for working capital and advancing the Tower Mountain Gold Property in Ontario. The securities are subject to a four-month hold period and are not registered under the U.S. Securities Act.
Thunder Gold Corp (TSXV: TGOL) (OTCQB: TGOLF) announces a non-brokered private placement to raise up to $1,000,000 through the sale of 33,333,333 units at $0.03 per unit. Each unit includes one common share and one warrant, exercisable at $0.10 for 36 months. The company plans to use the proceeds for general working capital and to advance its 100% owned Tower Mountain gold property in Ontario. The financing is expected to close around August 30, 2024.
CEO Wes Hanson states that the funding will support reconnaissance mapping of the eastern contact of the Tower Mountain intrusion, where surface samples average over 6.0 g/t gold. The company aims to prepare for a 2025 drill program and release an initial large-tonnage, low-grade mineral resource estimate for Tower Mountain in 2025.
Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) has announced the engagement of Altitude Capital Consultants Inc. and ECM Capital Advisors Inc. to develop their capital markets strategy. Michael A. Wekerle and Eugene C. McBurney, managing partners of the respective firms, bring extensive experience in capital markets and investment banking.
The company's focus is on their flagship Tower Mountain gold property in the Shebandowan Greenstone Belt, Ontario. The 2,500-hectare property is located near infrastructure and is believed to have significant discovery potential for large-scale gold deposits.
In conjunction with this announcement, Thunder Gold is issuing 3.85 million stock options to its Management and Directors, with an exercise price of $0.025 and a 5-year expiry.
Thunder Gold Corp (TSXV: TGOL, FSE: Z25, OTCQB: TGOLF) announced the resignation of Bonnie Lyn de Bartok from its Board of Directors, effective July 30th, 2024. De Bartok is leaving to focus on a private, unrelated business venture. The company, formerly known as White Metal Resources Corp, will be seeking a suitable replacement for her position.
CEO Wes Hanson expressed appreciation for de Bartok's contributions, particularly in the area of Environmental, Social, and Governance (ESG) issues. De Bartok, in turn, conveyed her enjoyment working with the management and Board members of Thunder Gold, and wished the team success in developing their Tower Mountain project.