Highlights: TM23-137 intersected 941.0 g/t Au over 1.50 metres with multiple sites of visible gold observed at a depth of 126.7 metres downhole within a broader interval averaging 1.81 g/t (CAPPED at 30.0 g.t Au) over 41.0 metres; TM23-137 also intersected 0.77 g/t Au over 23.0 metres and 0.83 g/t Au over 58.0 metres; TM23-138 intersected 1.26 g/t Au over 17.5 metres and 0.71 g/t over 119.0 metres; TM23-136 intersected 0.68 g/t Au over 12.0 metres and 0.75 g/t Au over 11.7 metres; The three holes establish 200 metres of mineralized strike length along a previously untested N-S corridor; All three holes terminate in mineralization; This new zone, identified by geophysics, offers over 1000 metres of untested strike length and remains open in all directions.
The results from the first three holes clearly demonstrate the validity of our exploration model and the validity of Induced Polarization ('IP') as an efficient, accurate, exploration vector. All three holes intersected widespread, low-tenor (+0.10 g/t Au) gold mineralization from surface to the end of each hole as anticipated. Holes TM23-137 and 138 intersected elevated gold grades (+0.30 g/t) over intervals ranging from twelve (12) metres to one hundred and nineteen (119) metres, returning weight averaged grades ranging from 0.68 to 1.81 g/t Au. The frequency of intervals greater than 0.30 g/t Au is double that of the historical data population, as predicted.
In simple terms, these holes, targeting an untested IP anomaly along a 1000-metre strike length, are returning high gold grades, more frequently than the historical data set. It is important to note that the average reported grades are consistent with the average operating and reserve grades reported at all large-tonnage, low-grade open pit mines and development projects in
The Company is also pleased to report that inversion of the recently completed IP survey is nearly complete. Preliminary analysis has identified new targets to the east and south of the
About the Tower Mountain Gold Property
The Tower Mountain Gold Property is located 5-km off the Trans-Canada highway, 50-km west of
About
Contact:
Tel: (647) 202-7686
Email: whanson@thundergoldcorp.com
The information contained herein contains 'forward-looking statements' within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance 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 to 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 them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
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