Thunder Gold Identifies New Gold Zone at Surface: Includes 1.93 g/t Au over 54.2 Metres; 2.03 g/t Au over 15.0 Metres and 3.64 g/t Au over 10.5 Metres
Rhea-AI Summary
Thunder Gold Corp (TGOLF) has announced significant diamond drill core assay results from its Tower Mountain Gold Property in Ontario. Key highlights include intersections of 1.93 g/t Au over 54.2 metres, 1.77 g/t Au over 25.5 metres, and 1.42 g/t Au over 31.6 metres.
All 13 drill holes completed in the program showed sustained gold grades exceeding 0.30 g/t Au over intervals ranging from 10 to 50 metres. The mineralization starts at surface, is continuous down-dip for up to 50 metres, and remains open in all directions. The drilling program established consistent gold mineralization along a 125-metre strike length with estimated true widths ranging from 20 to 45 metres.
The company's CEO describes these as the most significant drill results at Tower Mountain in 50 years, suggesting potential for a Tier One gold discovery. The property's conceptual exploration target is estimated between 40 to 80 million tonnes averaging 0.80 to 1.20 g/t Au.
Positive
- Strong drill results with high-grade gold intersections up to 1.93 g/t Au over 54.2 metres
- All 13 drill holes showed consistent mineralization, indicating large tonnage potential
- Mineralization starts at surface, reducing potential mining costs
- 100% ownership of the property with complete infrastructure in place
- Property located in premium mining jurisdiction with access to international port
Negative
- Early-stage exploration project without defined mineral resources
- Relatively low-grade gold mineralization averaging below 2 g/t Au
News Market Reaction 1 Alert
On the day this news was published, TGOLF declined 1.23%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Thunder Bay, Ontario--(Newsfile Corp. - January 7, 2025) - Thunder Gold Corp (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp) ("Thunder Gold" or the "Company") is pleased to provide the following diamond drill core assay results from the P-Target, within it's
Highlights:
TM24-152: 1.93 g/t Au over 54.2 metres including 3.64 g/t Au over 10.5 metres.
TM24-151: 1.77 g/t Au over 25.5 metres including 3.55 g/t Au over 7.6 metres.
TM24-153: 1.42 g/t Au over 31.6 metres including 2.03 g/t Au over 15.0 metres.
TM24-160: 0.93 g/t Au over 41.8 metres including 1.06 g/t Au over 15.0 metres.
All 13 drill holes intersected sustained gold grades greater than 0.30 g/t Au over intervals ranging from 10 to 50 metres suggesting large tonnage low-grade gold resource potential.
Mineralization starts at surface and is continuous, down-dip, for up to 50 metres.
Mineralization remains open in all directions.
Wes Hanson, President and CEO stated, "This is the most significant set of drill hole results at Tower Mountain in 50 years. Confirming gold mineralization along the eastern margin of the Tower Mountain Intrusive Complex ("TMIC") has been my priority since I joined the Company in 2022. The historical drilling (190 holes, 41,000 metres) along the western TMIC contact defines a conceptual exploration target that we estimate to be between 40 to 80 million tonnes averaging 0.80 to 1.20 g/t Au. Establishing mineralization of similar grade and thickness along the eastern perimeter, a mere 1,200 metres to the east, significantly increases our confidence that we can grow towards a Tier One gold discovery. All 13 holes returned sustained gold grades over wide intervals. The projected mineralized trend lies entirely within our
In this current drilling program, the Company completed 13 shallow drill holes, totalling 753.5 metres from November 28 through December 8, 2024. The holes all tested the subsurface outcrop exposure identified in November 2024 that returned significant gold values from two parallel, continuous, saw-cut channel samples, including TMCH24-01; 4.93 g/t Au over 24.87 metres and TMCH24-02; 2.78 g/t Au over 20.57 metres (see TGOL news release dated November 25, 2025).
The drilling program established consistent gold mineralization along an approximate 125-metre strike length with an estimated true width ranging from 20 to 45 metres. Mineralization sub-crops at surface and is drill traced to a depth of 45 metres. Overburden was generally less than 3.0 metres and typically included mineralized boulders. Mineralization remains open along the interpreted strike and down dip. The mineralized trend lies entirely within the Company's current,
Table 1.0 Summary of Diamond Drill Hole Parameters and Core Assay Results
| Hole ID | From | To | Interval | Au | True Width | UTM NAD83 16N | Elevation | Bearing | Dip | Depth | |
| (metres) | (metres) | (metres) | (g/t) | (est. metres) | EAST | NORTH | (metres) | (degrees) | (degrees) | (metres) | |
| TM24-148 | 0.0 | 7.5 | 7.5 | 2.48 | 7.5 | 302070 | 5377653 | 523 | 210 | -45 | 7.50 |
| TM24-149 | 9.0 | 21.4 | 12.4 | 0.21 | 12.4 | 302051 | 5377627 | 530 | 35 | -50 | 60.00 |
| TM24-150 | 2.5 | 28.5 | 26.0 | 0.76 | 20.0 | 302086 | 5377627 | 523 | 297 | -45 | 66.00 |
| includes | 4.5 | 8.7 | 4.2 | 1.64 | 3.2 | ||||||
| and | 16.8 | 24.5 | 7.7 | 1.01 | 5.9 | ||||||
| TM24-151 | 1.5 | 27.0 | 25.5 | 1.77 | 20.0 | 302086 | 5377627 | 523 | 297 | -65 | 75.00 |
| includes | 6.0 | 9.0 | 3.0 | 1.13 | 2.3 | ||||||
| and | 16.5 | 27.0 | 10.5 | 3.64 | 8.1 | ||||||
| TM24-152 | 0.0 | 54.2 | 54.2 | 1.93 | 30.0 | 302086 | 5377627 | 523 | 114 | -45 | 60.00 |
| includes | 16.4 | 24.0 | 7.6 | 3.55 | 4.2 | ||||||
| and | 47.0 | 54.2 | 7.2 | 1.56 | 4.0 | ||||||
| TM24-153 | 0.0 | 31.6 | 31.6 | 1.42 | 17.5 | 302086 | 5377627 | 523 | 114 | -75 | 39.00 |
| includes | 0.0 | 15.0 | 15.0 | 2.03 | 8.3 | ||||||
| and | 18.8 | 27.0 | 8.2 | 1.42 | 4.5 | ||||||
| TM24-154 | 0.0 | 22.5 | 22.5 | 0.72 | 20.3 | 302088 | 5377627 | 522 | 28 | -45 | 66.00 |
| TM24-155 | 0.0 | 28.5 | 28.5 | 0.46 | 28.5 | 302088 | 5377627 | 522 | 28 | -55 | 36.00 |
| TM24-156 | 0.0 | 25.5 | 25.5 | 0.87 | 23.0 | 302088 | 5377627 | 522 | 28 | -65 | 51.00 |
| includes | 0.0 | 5.3 | 5.3 | 1.69 | 4.8 | ||||||
| and | 15.0 | 25.5 | 10.5 | 0.94 | 9.5 | ||||||
| TM24-157 | 10.5 | 43.5 | 33.0 | 0.70 | 33.0 | 302096 | 5377605 | 523 | 32 | -45 | 51.00 |
| includes | 10.5 | 22.5 | 12.0 | 0.42 | 12.0 | ||||||
| and | 30.0 | 43.5 | 13.5 | 1.30 | 13.5 | ||||||
| TM24-158 | 13.9 | 51.0 | 37.1 | 0.40 | 33.4 | 302096 | 5377605 | 523 | 32 | -65 | 78.00 |
| includes | 13.9 | 18.0 | 4.1 | 2.74 | 3.7 | ||||||
| TM24-159 | 0.0 | 58.5 | 58.5 | 0.63 | 50.0 | 302137 | 5377576 | 512 | 35 | -65 | 102.00 |
| includes | 0.0 | 13.5 | 13.5 | 1.87 | 12.2 | ||||||
| TM24-160 | 3.0 | 47.8 | 44.8 | 0.93 | 44.8 | 302137 | 5377576 | 512 | 35 | -45 | 62.00 |
| includes | 30.0 | 46.4 | 16.4 | 1.10 | 16.4 | ||||||
Observed gold mineralization occurs within a variably silicified monzonite intruded into relatively unaltered syenite intrusive rocks which dominate the TMIC. The host monzonite strikes between 100° and 120° (southeast) and dips 40° to 60° at 210° (southwest). Mineralization is open along strike in both directions. To the northwest, the interpreted trend tracks northwest for 500 metres to the PAPA-Target (average 1.65 g/t Au from surface rock samples). It continues an additional 500 metres to the northwest to the H-Target (average 1.61 g/t Au from surface rock grab samples.)
Both the PAPA- and H-Targets returned gold in soil anomalies in the top 10 percent of the soil sample population. The PAPA-Target has not been drill-tested. The H-Target was drilled in 2021 but only two holes were completed and both were drilled to the southwest, parallel to the dip observed at the P-Target. To the southeast, the mineralized trend passes through a third gold-in-soil anomaly 400 metres to the southeast and the mineralized trend is currently interpreted to continue towards the existing Property boundary a further 600 metres to the southeast (Reference Figure 1).
Figure 1 Diamond Drill Hole Plan - Soil Geochemistry BASE LAYER with Surface Rock Assay Results
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https://images.newsfilecorp.com/files/5364/236222_b2fe4a5da461eb74_001full.jpg
Surface sampling and mapping struggled to determine the strike and dip of the intrusive host, largely due to the intense silicification that obscured all original rock fabric. As a result, the first past six drill holes (TM24-148 through 153) established the attitude of the mineralized target. Drill holes (TM24-154 to 160) were drilled on sections oriented perpendicular to the interpreted strike of the mineralization as indicated by the initial drill holes (Reference Figures 2 and 3).
Figure 2 P-Target Diamond Drill Hole Plan with Channel Sample and Surface Rock Grab Sample Results
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https://images.newsfilecorp.com/files/5364/236222_b2fe4a5da461eb74_002full.jpg
Figure 3. P-Target: Section 100 East (Looking East) using a 50-metre Window View
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https://images.newsfilecorp.com/files/5364/236222_b2fe4a5da461eb74_003full.jpg
Quality Assurance and Quality Control
Diamond drilling utilizes NQ diameter tooling. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical, physical properties and geological data. Samples are identified, recorded, and cut in half by wet diamond saw. Half the core is sent for assay at an accredited laboratory with the remaining half core stored on site. A standard sample length of 1.5 meters is employed, varying only at major lithological contacts. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5
Qualified Person
Technical information in this news release has been reviewed and approved by Wes Hanson, P.Geo., President and CEO of Thunder Gold Corp., who is a Qualified Person under the definitions established by National Instrument 43-101.
About the Tower Mountain Gold Property
The
About Thunder Gold Corp.
Thunder Gold Corporation, formerly White Metal Resources. is a junior exploration company focused on gold discovery in Canada. For more information about the Company please visit: www.thundergoldcorp.com.
On behalf of the Board of Directors,
Wes Hanson, P.Geo., President and CEO
For further information contact:
Wes Hanson, CEO
(647) 202-7686
whanson@thundergoldcorp.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. All statements, other than statements of historical fact, are forward-looking statements and are based on predictions, expectations, beliefs, plans, projections, objectives and assumptions made as of the date of this news release, including without limitation; anticipated results of geophysical drilling programs, geological interpretations and potential mineral recovery. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to the gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty or reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise any forward-looking statements, other than as required by applicable law, to reflect new information, events or circumstances, or changes in management's estimates, projections or opinions. Actual events or results could differ materially from those anticipated in the forward-looking statements or from the Company's expectations or projections.
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FAQ
What are the latest gold drilling results for Thunder Gold (TGOLF) at Tower Mountain?
What is the estimated size of Thunder Gold's (TGOLF) Tower Mountain exploration target?
Where is Thunder Gold's (TGOLF) Tower Mountain property located?
What is the strike length and depth of the new gold zone discovered by Thunder Gold (TGOLF)?
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