STOCK TITAN
  1. Home
  2. News
  3. TGOLF
  4. Thunder Gold Reports 404.5 Metres of Continuous Gold Mineralization Averaging 0.453 g/t Au in Extension of TM23-137

Thunder Gold Reports 404.5 Metres of Continuous Gold Mineralization Averaging 0.453 g/t Au in Extension of TM23-137

Thunder Gold’s latest deep hole at Tower Mountain extends gold mineralization below the current resource model, targeting an MRE upgrade in late 2026.

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

Rhea-AI Summary

Thunder Gold (TGOLF) reported new diamond drill results from hole TM23-137X at the Bench Target on the Tower Mountain Property.

The hole extends earlier hole TM23-137 by 294 metres and returned 404.5 metres averaging 0.453 g/t Au from 297.5 to 702.0 metres, including 277.5 metres averaging 0.436 g/t Au in the TM23-137X extension. The hole terminated in 27.0 metres averaging 0.830 g/t Au, including 15.0 metres averaging 1.128 g/t Au. The company states that 68% of TM23-137X samples exceeded the cut-off grade used in the January 19, 2026 Mineral Resource Estimate, and 92% exceeded 0.10 g/t Au, extending mineralization about 150 metres below the current resource model and optimized pit.

Loading translation...

Positive

  • 404.5 metres averaging 0.453 g/t Au from 297.5–702.0 metres in TM23-137 / 137X
  • 277.5 metres averaging 0.436 g/t Au in TM23-137X extension
  • End-of-hole interval of 27.0 metres averaging 0.830 g/t Au, including 15.0 metres at 1.128 g/t Au
  • 68% of TM23-137X samples above the MRE cut-off grade
  • 92% of TM23-137X samples above 0.10 g/t Au, indicating consistent mineralization
  • Mineralization extended about 150 metres below current resource model and optimized pit limit

Negative

  • None.

News Explained

The reported extension adds inferred-resource potential; classification work is targeted for the Q4 2026 Mineral Resource Estimate update.

Thunder Gold has reported results from the completed 294-metre extension TM23-137X at Tower Mountain; the company places approximately 30% of the hole within the current optimized pit and describes the remaining 70% as additional inferred-resource potential.

The company frames the next structural step as assessing conversion of all or part of the targeted Inferred Resource in the Q4 2026 Mineral Resource Estimate update.

The hole ended in mineralization, so the reported intervals do not establish true width; the release says both TM23-137 and TM23-137X failed to exit the mineralized target.

The Q4 2026 update is therefore the named milestone for whether this drilling supports a higher resource classification, while the interval geometry remains unresolved.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Thunder Bay, Ontario--(Newsfile Corp. - September 14, 2026) - Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) ("Thunder Gold" or the "Company") is pleased to announce exploration diamond drill results from the Bench Target, at the Company's flagship Tower Mountain Property, 40 kilometres west of Thunder Bay, Ontario.

Highlights:

  • TM23-137X includes 294.0 metres averaging 0.418 g/t Au from collar to end of hole;
  • TM23-137X terminates with an interval of 27.0 metres averaging 0.830 g/t Au, including 15.0 metres averaging 1.128 g/t Au;
  • 68% of TM23-137X returned assays greater than the cut-off grade defining the current Mineral Resource Estimate (Jan.19, 2026);
  • 92% of TM23-137X returned assay results greater than 0.10 g/t Au, demonstrating the consistency and size of the system.

TM23-137X is an extension of TM23-137, completed in 2023, intersected three distinct gold bearing zones as follows:

41.0 metres averaging 1.81 g/t Au (CAPPED), including 1.5 metres averaging 941.0 g/t Au;
23.0 metres averaging 0.77 g/t Au and
58.0 metres averaging 0.83 g/t Au.

TM23-137X has extended gold mineralization an additional 294 metres from the end of TM23-137 and includes:

277.5 metres averaging 0.436 g/t Au

TM23-137X parallels the 650-metre long, sub-vertical zone of brecciated and altered volcanic-intrusive rocks defining the core of the Bench Target mineralization (Reference Figure 1.0). This hole targeted a large area of Inferred Resource estimated by the 2026 Mineral Resource Estimate ("MRE") with the objective of converting all or a portion of the Inferred resource to the Indicated classification in the Q4, 2026 MRE update.

Wes Hanson, President and CEO states, "TM23-137X is yet another hole demonstrating the impressive continuity and consistency of the Tower Mountain mineralization that attracted me to join the company in 2022. The hole collared in, and remained in, consistent gold mineralization for 277.5 metres to the end of the hole, extending gold mineralization 150 metres (vertically) below the current resource model and optimized pit limit. Mineralization was intersected where predicted and persisted for the entirety of the hole, as predicted. Approximately 30% of TM23-137X falls within the current optimized pit constraining the current mineral resource for the project. The remaining 70% of the hole represents additional inferred resource potential. More importantly, this is the third deep hole in a row that extended the system and indicates that the system may be strengthening with depth."

Mineralization occurs entirely within a sub-vertical, variably brecciated and altered sequence of intermediate volcanics and alkalic intrusives parallel to the central Tower Mountain Intrusive Complex ("TMIC") The brecciated sequence is cut by millimetre-scale quartz-carbonate-tourmaline stockworks. Pyrite, ranging from trace to 5% (locally) is persistent throughout all observed lithologies except late dikes.

Table 1.0 (below) shows the collar location data for hole TM23-137X, coincident with the terminus of original hole TM23-137 completed in 2023.

Table 1.0 - TM23-137X - Collar Location, Bearing and Dip

EastingNorthingElevationBearingDipTotal Depth
300650.253778517798-60294

 

Figure 1.0 shows the locations and alignment of TM23-137X in plan.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5364/314069_05a857e984dde8ee_001.jpg

Figure 1.0 Diamond Drill Plan - Tower Mountain Property

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/314069_05a857e984dde8ee_001full.jpg

Table 2.0 (below) summarizes the entirety of TM23-137X from the bottom of the original hole to the end of the hole which terminated in mineralization.

Table 2.0 - Summary of Results - TM23-137 / TM23-137X

Hole IDFromToIntervalAuTrue Width

(metres)(metres)(metres)(g/t)(metres)
TM23-1370.03.33.3OVERBURDEN
and3.3104.5101.20.091UNKNOWN
and104.5146.942.422.899UNKNOWN
CAPPED104.5146.942.41.106UNKNOWN
includes125.5127.01.5628.000UNKNOWN
CAPPED125.5127.01.512.000UNKNOWN
and146.9186.039.10.054UNKNOWN
and186.0196.510.51.306UNKNOWN
and196.5200.43.90.067UNKNOWN
and200.4231.531.10.263UNKNOWN
and231.5249.518.00.051UNKNOWN
and249.5273.524.00.495UNKNOWN
and273.5297.524.00.036UNKNOWN
and297.5702.0404.50.453UNKNOWN
includes297.5349.552.00.490UNKNOWN
and349.5358.59.02.485UNKNOWN
and358.5408.049.50.250UNKNOWN
TM23-137X408.0414.06.00.046UNKNOWN
and414.0424.510.50.169UNKNOWN
and424.5702.0277.50.436UNKNOWN
includes424.5447.022.50.397UNKNOWN
and447.0469.522.50.602UNKNOWN
and469.5486.016.50.167UNKNOWN
and486.0522.036.00.670UNKNOWN
and522.0675.0153.00.321UNKNOWN
and675.0702.027.00.830UNKNOWN

 

TM23-137 and TM23-137X fail to exit the mineralized target and therefore true width cannot be estimated.

Table 3.0 (below) presents the individual sample results for the entirety of TM23-137 / TM23-137X.

Figure 2.0 presents a cross sectional view of TM23-137 / TM23-137X.

Table 3.0 - TM23-137 / TM23-137X Interval Results

From
(m)		To (m)Au g/t
From
(m)		To (m)Au g/t
From
(m)		To (m)Au g/t
3.34.50.037
60.562.00.107
119.5121.05.780
4.56.00.018
62.063.50.018
121.0122.50.511
6.07.50.019
63.565.00.049
122.5124.00.536
7.59.00.028
65.066.50.022
124.0125.50.278
9.010.50.034
66.568.00.027
125.5127.0628.000
10.512.00.049
68.069.50.050
127.0128.50.813
12.013.50.184
69.571.00.016
128.5130.01.390
13.515.00.063
71.072.50.003
130.0131.50.606
15.016.50.065
72.574.00.018
131.5133.00.211
16.518.00.015
74.075.50.013
133.0134.50.355
18.019.00.050
75.577.00.024
134.5136.01.100
19.020.30.013
77.078.50.003
136.0137.50.967
20.321.50.033
78.580.00.591
137.5139.00.207
21.522.50.047
80.081.50.117
139.0140.50.645
22.524.00.024
81.583.00.098
140.5142.00.444
24.025.50.049
83.084.50.029
142.0143.40.465
25.527.00.048
84.586.00.003
143.4144.50.618
27.028.50.039
86.087.50.055
144.5145.50.402
28.530.00.093
87.589.00.056
145.5146.90.256
30.031.50.080
89.090.50.040
146.9148.00.079
31.533.00.097
90.592.00.008
148.0149.50.065
33.034.50.153
92.093.00.017
149.5151.00.062
34.536.00.184
93.094.00.013
151.0152.50.058
36.037.50.314
94.095.50.226
152.5154.00.037
37.539.00.297
95.597.00.020
154.0155.50.053
39.040.50.102
97.098.50.035
155.5157.00.030
40.542.00.077
98.5100.00.037
157.0158.50.045
42.043.50.449
100.0101.50.015
158.5160.00.102
43.545.00.087
101.5103.00.017
160.0161.50.059
45.046.00.037
103.0104.50.058
161.5163.00.094
46.047.40.076
104.5106.00.341
163.0164.20.106
47.448.50.500
106.0107.50.708
164.2165.00.025
48.550.00.140
107.5109.00.414
165.0166.50.012
50.051.50.216
109.0110.50.130
166.5168.00.008
51.553.00.038
110.5112.00.098
168.0168.70.010
53.054.50.048
112.0113.50.334
168.7170.00.093
54.556.00.530
113.5115.00.339
170.0171.50.072
56.057.50.128
115.0116.50.422
171.5173.00.048
57.559.00.053
116.5118.00.766
173.0174.00.073
59.060.50.039
118.0119.50.462
174.0175.00.042
175.0176.50.033
231.5233.00.022
288.5290.00.020
176.5178.00.048
233.0234.50.065
290.0291.00.027
178.0179.00.014
234.5236.00.027
291.0292.00.024
179.0180.00.008
236.0237.50.285
292.0293.10.034
180.0181.50.067
237.5239.00.042
293.1294.50.039
181.5183.00.076
239.0240.50.041
294.5296.00.024
183.0184.50.056
240.5242.00.026
296.0297.50.060
184.5186.00.042
242.0243.50.014
297.5299.00.254
186.0187.50.226
243.5245.00.020
299.0300.50.234
187.5189.00.361
245.0246.50.013
300.5302.01.610
189.0190.50.394
246.5248.00.029
302.0303.51.780
190.5192.02.580
248.0249.50.033
303.5305.00.719
192.0193.52.150
249.5251.01.290
305.0306.50.236
193.5195.01.340
251.0252.52.920
306.5308.00.156
195.0196.52.090
252.5254.00.456
308.0309.00.121
196.5198.00.079
254.0255.50.262
309.0310.00.110
198.0199.50.053
255.5257.00.401
310.0311.20.179
199.5200.40.071
257.0258.50.468
311.2312.00.464
200.4201.60.278
258.5259.70.329
312.0313.00.310
201.6203.00.233
259.7260.50.204
313.0314.51.290
203.0204.51.280
260.5261.40.169
314.5316.00.336
204.5206.00.278
261.4262.50.113
316.0317.50.264
206.0207.50.097
262.5264.00.093
317.5319.00.230
207.5209.00.252
264.0265.50.098
319.0320.51.130
209.0210.50.368
265.5267.00.185
320.5322.00.693
210.5212.00.207
267.0268.50.107
322.0323.50.331
212.0213.00.191
268.5270.00.325
323.5325.00.352
213.0214.10.144
270.0271.50.537
325.0326.50.512
214.1215.00.248
271.5272.40.131
326.5328.00.711
215.0216.50.132
272.4273.50.204
328.0329.50.923
216.5218.00.207
273.5275.00.117
329.5331.00.350
218.0219.50.355
275.0276.50.048
331.0332.50.403
219.5221.00.128
276.5278.00.021
332.5334.00.438
221.0222.50.185
278.0279.50.042
334.0335.50.228
222.5224.00.082
279.5281.00.024
335.5337.00.098
224.0225.50.168
281.0282.50.021
337.0338.50.592
225.5227.00.469
282.5284.00.035
338.5340.00.375
227.0228.50.121
284.0285.50.027
340.0341.00.205
228.5230.00.184
285.5287.00.010
341.0342.40.430
230.0231.50.117
287.0288.50.032
342.4343.50.775
343.5345.00.236
403.5405.00.134
462.0463.51.440
345.0346.50.198
405.0406.50.766
463.5465.00.524
346.5348.00.150
406.5408.00.083
465.0466.50.672
348.0349.50.290




466.5468.01.180
349.5351.02.960
408.0409.50.059
468.0469.50.454
351.0352.52.510
409.5411.00.048
469.5471.00.256
352.5354.04.350
411.0412.50.035
471.0472.50.178
354.0355.52.050
412.5414.00.040
472.5474.00.260
355.5357.01.960
414.0415.50.178
474.0475.50.320
357.0358.51.080
415.5417.00.133
475.5477.00.167
358.5360.00.290
417.0418.50.104
477.0478.50.093
360.0361.50.298
418.5420.00.167
478.5480.00.056
361.5363.00.153
420.0421.50.180
480.0481.50.146
363.0364.50.116
421.5423.00.243
481.5483.00.175
364.5366.00.160
423.0424.50.176
483.0484.50.111
366.0367.50.151
424.5426.00.532
484.5486.00.081
367.5369.00.116
426.0427.50.517
486.0487.50.352
369.0370.50.128
427.5429.00.308
487.5489.01.080
370.5372.00.862
429.0430.50.120
489.0490.50.875
372.0373.50.210
430.5432.00.110
490.5492.00.057
373.5375.00.108
432.0433.50.100
492.0493.51.060
375.0376.50.115
433.5435.00.173
493.5495.00.159
376.5378.00.152
435.0436.51.200
495.0496.50.689
378.0379.50.400
436.5438.00.478
496.5498.01.280
379.5381.00.618
438.0439.50.158
498.0499.50.734
381.0382.50.799
439.5441.00.108
499.5501.00.779
382.5384.00.305
441.0442.50.259
501.0502.50.163
384.0385.50.165
442.5444.00.245
502.5504.00.825
385.5387.00.130
444.0445.51.390
504.0505.50.531
387.0388.50.155
445.5447.00.252
505.5507.00.671
388.5390.00.082
447.0448.50.386
507.0508.51.200
390.0391.50.028
448.5450.00.497
508.5510.01.050
391.5393.00.034
450.0451.50.313
510.0511.50.339
393.0394.50.074
451.5453.00.529
511.5513.00.211
394.5396.00.130
453.0454.50.324
513.0514.50.124
396.0397.50.390
454.5456.00.563
514.5516.01.010
397.5399.00.333
456.0457.50.584
516.0517.50.518
399.0400.50.242
457.5459.00.488
517.5519.00.229
400.5402.00.305
459.0460.50.739
519.0520.51.420
402.0403.50.188
460.5462.00.330
520.5522.00.727
522.0523.50.425
582.0583.50.149
642.0643.50.460
523.5525.00.377
583.5585.00.303
643.5645.00.355
525.0526.50.422
585.0586.50.263
645.0646.50.330
526.5528.00.213
586.5588.00.400
646.5648.00.200
528.0529.50.354
588.0589.50.378
648.0649.50.285
529.5531.00.221
589.5591.00.286
649.5651.00.147
531.0532.50.108
591.0592.50.600
651.0652.50.220
532.5534.00.183
592.5594.00.306
652.5654.00.467
534.0535.50.286
594.0595.50.596
654.0655.50.482
535.5537.00.085
595.5597.01.160
655.5657.00.853
537.0538.50.028
597.0598.50.192
657.0658.50.471
538.5540.00.056
598.5600.00.138
658.5660.00.751
540.0541.50.212
600.0601.50.229
660.0661.50.295
541.5543.00.033
601.5603.00.281
661.5663.00.469
543.0544.50.052
603.0604.50.314
663.0664.50.101
544.5546.00.157
604.5606.00.121
664.5666.01.120
546.0547.50.109
606.0607.50.151
666.0667.50.106
547.5549.00.124
607.5609.00.316
667.5669.00.106
549.0550.50.253
609.0610.50.220
669.0670.50.146
550.5552.00.274
610.5612.00.188
670.5672.00.076
552.0553.50.387
612.0613.50.183
672.0673.50.037
553.5555.00.442
613.5615.00.166
673.5675.00.048
555.0556.50.202
615.0616.50.172
675.0676.50.743
556.5558.00.218
616.5618.00.236
676.5678.00.560
558.0559.50.355
618.0619.50.517
678.0679.50.214
559.5561.00.415
619.5621.00.338
679.5681.00.195
561.0562.50.203
621.0622.50.826
681.0682.50.858
562.5564.00.157
622.5624.00.250
682.5684.00.567
564.0565.50.225
624.0625.50.273
684.0685.51.080
565.5567.00.669
625.5627.00.168
685.5687.01.480
567.0568.50.452
627.0628.50.256
687.0688.50.825
568.5570.00.439
628.5630.00.135
688.5690.00.546
570.0571.50.493
630.0631.50.097
690.0691.50.743
571.5573.00.503
631.5633.00.744
691.5693.01.940
573.0574.50.403
633.0634.50.438
693.0694.51.830
574.5576.00.162
634.5636.00.184
694.5696.01.410
576.0577.51.040
636.0637.50.200
696.0697.50.454
577.5579.00.220
637.5639.00.811
697.5699.00.523
579.0580.50.281
639.0640.51.010
699.0700.50.478
580.5582.00.136
640.5642.00.285
700.5702.00.500

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5364/314069_05a857e984dde8ee_002.jpg

 Figure 2.0 SECTION 5377550 N - Looking North

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5364/314069_05a857e984dde8ee_002full.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 typically employed, varying only at major lithological contacts.

Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 10% of the sample stream. Certified standards and blank performance is monitored with any failures evaluated and investigated to determine if said failure is a result of error during submission. Any unexplained failures are identified and the five samples preceding and following the failure are re-assayed. Commencing in 2026, duplicate pulps are prepared at a rate of 1 in every 20 samples. The duplicate pulps are sent to a second independent analytical facility for analyses.

Activation Laboratories Ltd., Thunder Bay, Ontario, ISO/IEC 17025:2017 is the primary independent analytical service provider.

AGAT Laboratories, Thunder Bay, Ontario, ISO/IEC 17025:2017 is the secondary, independent analytical facility.

Samples are, received, dried, crushed to 80% passing 2.0 mm. A 250-gram sample is split and pulverized. Samples are analyzed for gold using a 30-gram lead collection fire assay fusion (FA) with an atomic absorption (AAS) finish. All assay results greater than 5.0 g/t Au are re-assayed using a gravimetric analysis. All assays greater than 30.0 g/t Au are re-assayed using screen metallics where a representative 1000-gram sample is split sieved at 149µm. Assays are performed on the entire +149 µm fraction and two splits of the -149 µm fraction. A final assay is calculated based on the weight of each size fraction.

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 NI 43-101.

About the Tower Mountain Gold Property

The 7,625-hectare, 100%-owned Tower Mountain Property is beside the Trans-Canada highway, 40-km west of Thunder Bay, Ontario (pop. 120,000). Gold mineralization occurs in variably brecciated and altered rocks surrounding the calc-alkalic Tower Mountain Intrusive Complex ("TMIC"). Drilling to date has established an initial mineral resource parallel to the western contact of the intrusion representing approximately 25% of the TMIC halo.

The MRE has an effective date of January 19, 2026. A Technical Report titled " NI 43-101 Technical Report for the 2026 Mineral Resource Estimate on the Tower Mountain Project, Ontario, Canada." is available on the Company's website at www.thundergoldcorp.com and on SEDAR+ (www.sedarplus.ca) under the Company's Issuer profile.

The Report was prepared by Charley Murahwi, P.Geo., FAusIMM.; William Lewis, P.Geo., Tudorel Ciuculescu, P.Geo., and Richard Gowans, P.Eng., all of Micon International Limited ("Micon"), Toronto, Ontario, Canada. The Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and CIM Definition Standards of Mineral Resources and Mineral Reserves.

The MRE is summarized as follows:

Tower Mountain Mineral Resource Estimate - January 19, 2026

 CategoryTonnage
(Mt)		Grade
(g/t Au)		Contained Metal
('000 oz gold)		 
 Indicated 34.50.46 514 
 Inferred211.10.453,053 

 

Notes:

  1. The effective date of this MRE is January 19, 2026.
  2. Messrs. William Lewis, P.Geo., Charley Murahwi, P.Geo., FAusIMM, and Tudorel Ciuculescu, P.Geo. from Micon International Limited are the Qualified Persons (QPs) responsible for this MRE.
  3. The MRE has been classified in the Indicated and Inferred categories. At this time, there are no Measured resources at the Tower Mountain Project.
  4. The calculated gold cut-off grade is 0.19 g/t Au.
  5. An average specific gravity (SG) value of 2.77 g/cm3 was used.
  6. The MRE used economic assumptions for open pit mining. The following economic parameters were used for generating the cut-off grade: a gold price of US$3,000/oz, 80% recovery, open pit mining cost of US$3.0/t, processing costs of US$8.0/t, general and administration cost of US$3.5/t, transportation cost of US$2.5/oz of gold, and a royalty of 3%.
  7. The open pit used slope angles of 30° in overburden and 50° in fresh rock.
  8. The block model is orthogonal and has a parent block size of 5 m x 5 m x 5 m, with minimum sub-block size of 2.5 m x 2.5 m x 2.5 m.
  9. The open pit optimization used a re-blocked size of 10 m x 10 m x 10 m.
  10. The mineral resources described above have been prepared in accordance with the current Canadian Institute of Mining, Metallurgy and Petroleum Standards and Practices.
  11. Numbers have been rounded to the nearest million tonnes and nearest thousand ounces. Differences may occur in totals due to rounding.
  12. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has been insufficient exploration; however, it is reasonably expected that a significant portion of Inferred Mineral Resources could be upgraded into Indicated Mineral Resources with further exploration.
  13. Micon QPs have not identified any legal, political, environmental, or other relevant factors that could materially affect the potential development of the mineral resources and of the estimate.

The remaining 75% of the TMIC halo demonstrates similar geology, alteration, and geophysical signatures and is untested by drilling.

A second gold trend, identified in 2026, outcrops at surface and is continuously mineralized over a 100-metre width. This gold mineralization occurs within Timiskaming-type conglomerates that have been traced for over 5.0 kilometres along a southwest trend paralleling the Thunder Lake Fault. The Company believes both targets offer opportunities to materially increase the total resource through systematic drilling.

About Thunder Gold Corp.

Thunder Gold is advancing the Tower Mountain project in Thunder Bay, Ont. -- an emerging gold system with the scale, consistency and quality to support a long-life, open-pit operation. Results from the disciplined drill programs have consistently reinforced confidence in the continuity and predictability of the discovery while highlighting significant potential for expansion across multiple zones of the Tower Mountain intrusive complex. With industry-leading drilling costs, existing infrastructure and a skilled local work force, Tower Mountain represents a rare combination of size, scalability and cost-effective growth.

At Thunder Gold, our vision is clear: to unlock a discovery that has the potential to become a transformational gold project, delivering long-term value for shareholders while contributing to the future of Canada's mining industry.

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

Bryan Baritot, Investor Relations
IR@thundergoldcorp.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) 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 the Company's plans regarding exploring its mineral exploration properties; anticipated results of geophysical surveys, 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 funding 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314069

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How does TM23-137X relate to the earlier hole TM23-137?

TM23-137X was drilled as an extension of TM23-137, starting from the terminus of the 2023 hole. It added 294 metres of drilling beyond TM23-137 and intersected continuous gold mineralization, including 277.5 metres averaging 0.436 g/t Au.

What is Thunder Gold’s objective for drilling at the Bench Target?

The Bench Target hole TM23-137X was designed to test a large area of Inferred Resource defined in the 2026 Mineral Resource Estimate, with the objective of converting all or part of that Inferred material to the Indicated classification in the planned Q4 2026 MRE update.

What portion of TM23-137X lies within the current optimized pit shell?

The company states that approximately 30% of TM23-137X falls within the current optimized pit that constrains the existing mineral resource, while the remaining 70% represents additional inferred resource potential outside the current pit limit.

Keep reading

More on TGOLF

Trending in the feed

Open the live feed

Related Articles

Continue reading with these related stories

View All Latest News