Thunder Mountain Gold, Inc. reports developments for a junior exploration company with base and precious metals interests in the western United States. The company’s principal asset is the South Mountain Mine in Owyhee County, Idaho, a historic zinc, silver, gold, lead and copper project, and it also owns the Trout Creek gold exploration project in Nevada.
Company news commonly covers South Mountain technical work and production-pathway evaluations, financing actions such as private placements, market-making arrangements, and governance matters including board roles, bylaw amendments and annual shareholder voting results. Updates also address agreements related to project funding and development planning.
Thunder Mountain Gold (OTCQB: THMG) has successfully completed a non-brokered private placement, raising US$620,000 (CAD$868,000) through the sale of 12,400,000 units at US$0.05 each. Each unit includes one common share and one warrant, exercisable at US$0.10 for three years. The funding will be used to advance exploration at the South Mountain Project in Idaho and Trout Creek Project in Nevada, along with general working capital. No placement or brokerage fees were incurred.
The securities are subject to a six-month hold period under U.S. Securities Act and a four-month hold period under Canadian securities laws. The Company's primary asset is the South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper in Owyhee County, Idaho.
Thunder Mountain Gold (OTCQB: THMG) announces a non-brokered private placement of up to 13.4 million units at US$0.05 per unit, aiming to raise up to US$670,000. Each unit includes one common share and one warrant, exercisable at US$0.10 for 36 months. The proceeds will fund exploration and working capital. The placement is subject to TSX Venture Exchange approval and will be offered to accredited investors only. The company's main asset is the South Mountain Mine in Idaho, a historic polymetallic mine containing zinc, silver, gold, copper, and lead deposits.
Thunder Mountain Gold (OTCQB: THMG) (TSXV: THM) reports on newly acquired historical IP and airborne geophysical data at the South Mountain Project in Idaho. The data supports a conceptual model suggesting a copper-molybdenum porphyry system beneath or adjacent to high-grade zinc, silver, copper, and gold mineralization. Highlights include:
1. District-scale aeromagnetic and deep-penetrating IP survey data from the 1970s
2. Geochemical survey data from 2,300 rock chip and 850 soil samples
3. High copper geochemical assays exceeding 1,000 ppm
4. IP anomalies trending deep beneath known mineralization
5. Historical drill data showing a 500-foot thick interval exceeding 100 ppm molybdenum
The company plans further exploration, including extending IP lines and adding Magnetotelluric coverage to investigate deeper into the system.
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Thunder Mountain Gold, Inc. (OTCQB:THMG) announces an extension of its option agreement with BeMetals Corp. for a 100% interest in the South Mountain Project in Idaho. The project is known for high-grade zinc and silver with historical production showing impressive grades: 14.5% Zn and 363.42 g/t Ag. BeMetals plans further deep core drilling to explore the mineralization potential at depth. The project benefits from established local relationships and streamlined permitting, supporting future development. Thunder Mountain has invested approximately $12 million into South Mountain since 2007.
Thunder Mountain Gold, Inc. (OTCQB: THMG) has released an updated Mineral Resource Estimate (MRE) for the South Mountain Project, showing a significant increase in resources. The MRE, effective April 20, 2021, reveals Measured & Indicated resources of 206,900 tons with a 21.8% increase in tonnage from 2019, and Inferred resources of 833,700 tons, marking a 129.5% rise. This update incorporates results from BeMetals Corp.'s drilling campaigns, maintaining high-grade mineralization. The company plans to conduct an economic analysis in the coming months.
Thunder Mountain Gold (THMG) recently announced promising results from its Phase 2 underground diamond drilling program at the South Mountain Project in Idaho. The core drilling successfully intersected high-grade Copper-Silver and Zinc-Silver-Gold mineralization in the Texas Zone, demonstrating substantial mineralization depth expansion. Key highlights include significant intercepts such as 3.81% Cu and 7.82 opt Ag over 15.7 feet in drill hole SM20-043. The company aims to incorporate these findings into a Preliminary Economic Assessment expected in Q3 2021.