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THUNDER GOLD CORP - TGOLF STOCK NEWS

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Thunder Gold Corp (TGOLF) is a junior exploration company with a focus on gold discovery in Canada. The company recently announced the resignation of its Corporate Secretary and the appointment of a new one. They have also engaged legal counsel to advance their exploration success at Tower Mountain, Ontario. The Tower Mountain Gold Property, adjacent to the Trans-Canada highway, has shown promising signs of a potentially significant gold discovery. Thunder Gold Corp aims to continue its exploration efforts with a multi-phase program to test their conceptual model for gold emplacement. Drilling at the Tower Mountain property has revealed widespread, low-grade gold mineralization along a significant strike length, offering a compelling exploration opportunity.

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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%.

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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.

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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.

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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.

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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.

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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.

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Thunder Gold Corp. is making waves in Canada's gold exploration sector with its Tower Mountain gold property in Ontario. The company's focus on high-value gold deposits and sustainable exploration practices sets it apart in the industry. Thunder Gold is backed by reliable data and is poised to make a mark in Canada's gold exploration scene.

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Thunder Gold Corp. options an 80% interest in the Seagull Lake property and a 100% interest in the Startrek property. Dr. Elliot Strashin holds over 16% of the outstanding common shares. Thunder Gold focuses on the Tower Mountain gold property in Ontario for exploration, reducing costs and logistical challenges.

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Thunder Gold Corp (TGOLF) provides an update on its Tower Mountain Gold Property, securing exclusive mineral rights and announcing an option grant. The company aims to publish an initial mineral resource estimate in 2025 after completing extensive diamond drilling and identifying significant gold mineralization. Thunder Gold also grants 2,400,000 options to directors and officers, further enhancing its leadership team.
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Thunder Gold Corp (TGOLF) agrees to sell 25% interest in Dor-Wit copper property to Noronex Limited. Transaction details include issuance of 5,500,000 shares of Noronex and deferred payment of US$1,000,000.00. President and CEO, Wes Hanson, highlights the strategic move to focus on flagship gold property in Ontario.
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FAQ

What is the current stock price of THUNDER GOLD (TGOLF)?

The current stock price of THUNDER GOLD (TGOLF) is $0.05295 as of October 15, 2024.

What is the market cap of THUNDER GOLD (TGOLF)?

The market cap of THUNDER GOLD (TGOLF) is approximately 6.1M.

What is Thunder Gold Corp's focus?

Thunder Gold Corp is a junior exploration company focused on gold discovery in Canada.

What recent announcement did Thunder Gold Corp make regarding its Corporate Secretary?

Thunder Gold Corp announced the resignation of its Corporate Secretary and the appointment of a new one.

Where is the Tower Mountain Gold Property located?

The Tower Mountain Gold Property is located adjacent to the Trans-Canada highway, approximately 50-km west of Thunder Bay, Ontario.

What kind of mineralization has been found at the Tower Mountain property?

Drilling at the Tower Mountain property has established widespread, low-grade gold mineralization along an 1,800-metre strike length to depths of over 500 metres from surface.

What is Thunder Gold Corp's strategy moving forward?

Thunder Gold Corp aims to continue its exploration efforts with a multi-phase program to test their conceptual model for gold emplacement at the Tower Mountain property.

Who is overseeing the technical information at Thunder Gold Corp?

Wes Hanson, President and CEO of Thunder Gold Corp, is the Qualified Person overseeing the technical information.

What legal counsel has Thunder Gold Corp engaged?

Thunder Gold Corp has engaged Wildeboer Dellelce as legal counsel, under the guidance of Mr. Perry Dellelce.

What are the key highlights of the recent transactions at Thunder Gold Corp?

The recent transactions include selling a 25% interest in the Dor-Wit copper property, optioning interests in the Seagull Lake and Startrek properties, and an Early Warning Report filed by Dr. Elliot Strashin.

What is the exploration potential of the Tower Mountain Gold Property?

The Tower Mountain Gold Property is geologically prospective and has shown promising signs of a potentially significant gold discovery, offering a compelling exploration opportunity.

What kind of infrastructure is available near the Tower Mountain Gold Property?

The Tower Mountain Gold Property is located adjacent to the Trans-Canada highway and alongside vital infrastructure, reducing exploration costs and logistical challenges for Thunder Gold Corp.

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