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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

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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.

Thunder Gold Corp (TGOLF) ha annunciato risultati significativi dai campionamenti di carotaggio a diamante effettuati nella sua proprietà di Tower Mountain Gold in Ontario. I principali punti salienti includono intersezioni di 1,93 g/t Au su 54,2 metri, 1,77 g/t Au su 25,5 metri e 1,42 g/t Au su 31,6 metri.

Tutti i 13 fori di perforazione completati nel programma hanno mostrato gradi di oro costanti superiori a 0,30 g/t Au su intervalli che variano da 10 a 50 metri. La mineralizzazione inizia in superficie, è continua fino a una profondità di 50 metri e rimane aperta in tutte le direzioni. Il programma di perforazione ha stabilito una mineralizzazione dell'oro coerente lungo una lunghezza di strike di 125 metri con larghezze vere stimate che variano da 20 a 45 metri.

Il CEO dell'azienda descrive questi risultati come i più significativi degli ultimi 50 anni a Tower Mountain, suggerendo un potenziale per una scoperta di oro di classe Tier One. L'obiettivo esplorativo concettuale della proprietà è stimato tra 40 e 80 milioni di tonnellate con una media di 0,80 a 1,20 g/t Au.

Thunder Gold Corp (TGOLF) ha anunciado resultados significativos de análisis de núcleo de perforación con diamante de su propiedad Tower Mountain Gold en Ontario. Los puntos clave incluyen intersecciones de 1.93 g/t Au sobre 54.2 metros, 1.77 g/t Au sobre 25.5 metros y 1.42 g/t Au sobre 31.6 metros.

Los 13 agujeros de perforación completados en el programa mostraron grados de oro sostenidos que superan 0.30 g/t Au en intervalos que van de 10 a 50 metros. La mineralización comienza en la superficie, es continua hasta una profundidad de 50 metros y permanece abierta en todas las direcciones. El programa de perforación estableció una mineralización de oro consistente a lo largo de una longitud de strike de 125 metros, con anchos verdaderos estimados que varían de 20 a 45 metros.

El CEO de la compañía describe estos resultados como los más significativos en Tower Mountain en 50 años, sugiriendo un potencial para un descubrimiento de oro de Clase Uno. El objetivo exploratorio conceptual de la propiedad se estima entre 40 y 80 millones de toneladas, con un promedio de 0.80 a 1.20 g/t Au.

Thunder Gold Corp (TGOLF)는 온타리오의 타워 마운틴 골드 속성에서 다이아몬드 드릴 코어 채굴 결과를 발표했습니다. 주요 내용으로는 54.2미터에서 1.93 g/t Au, 25.5미터에서 1.77 g/t Au, 31.6미터에서 1.42 g/t Au의 교차가 포함됩니다.

프로그램에서 완료된 13개의 드릴 홀 모두 10미터에서 50미터 구간의 0.30 g/t Au를 초과하는 지속적인 금 농도를 보여주었습니다. 광물화는 표면에서 시작되며, 50미터 깊이까지 연속적으로 진행되며 모든 방향에서 열려 있습니다. 드릴링 프로그램은 125미터의 스트라이크 길이를 따라 일관된 금 광물화를 확립하였으며, 예상 진폭은 20에서 45미터 사이입니다.

회사의 CEO는 이를 50년 만에 타워 마운틴에서 가장 중요한 드릴 결과로 설명하며, 일급 금 발견의 가능성을 시사하고 있습니다. 해당 속성의 개념 탐사 목표는 4000만에서 8000만 톤 사이로, 평균 0.80에서 1.20 g/t Au로 추정됩니다.

Thunder Gold Corp (TGOLF) a annoncé des résultats significatifs des analyses de carottes de forage diamantées de sa propriété Tower Mountain Gold en Ontario. Les points clés incluent des intersections de 1,93 g/t Au sur 54,2 mètres, 1,77 g/t Au sur 25,5 mètres et 1,42 g/t Au sur 31,6 mètres.

Tous les 13 forages réalisés dans le programme ont montré des teneurs en or soutenues dépassant 0,30 g/t Au sur des intervalles allant de 10 à 50 mètres. La minéralisation commence à la surface, se prolonge en continu jusqu'à 50 mètres de profondeur et reste ouverte dans toutes les directions. Le programme de forage a établi une minéralisation d'or cohérente sur une longueur de 125 mètres avec des largeurs vraies estimées entre 20 et 45 mètres.

Le CEO de l'entreprise décrit ces résultats comme les plus significatifs obtenus à Tower Mountain depuis 50 ans, suggérant un potentiel pour une découverte d'or de niveau Tier One. L'objectif d'exploration conceptuel de la propriété est estimé entre 40 et 80 millions de tonnes, avec une moyenne de 0,80 à 1,20 g/t Au.

Thunder Gold Corp (TGOLF) hat bedeutende Ergebnisse der Diamantkernbohrungen aus seinem Tower Mountain Gold Grundstück in Ontario bekannt gegeben. Zu den Hauptpunkten gehören Schnittstellen von 1,93 g/t Au über 54,2 Meter, 1,77 g/t Au über 25,5 Meter und 1,42 g/t Au über 31,6 Meter.

Alle 13 im Programm abgeschlossenen Bohrlöcher zeigten nachhaltige Goldgehalte von über 0,30 g/t Au über Intervalle von 10 bis 50 Meter. Die Mineralisierung beginnt an der Oberfläche, zieht sich bis zu 50 Meter in die Tiefe und bleibt in alle Richtungen offen. Das Bohrprogramm etablierte eine konsistente Goldmineralisierung über eine Strike-Länge von 125 Metern mit geschätzten wahren Breiten von 20 bis 45 Metern.

Der CEO des Unternehmens beschreibt diese Ergebnisse als die bedeutendsten Bohrergebnisse in Tower Mountain seit 50 Jahren und deutet auf das Potenzial für eine Tier-One-Goldentdeckung hin. Das konzeptionelle Explorationsziel des Grundstücks wird auf 40 bis 80 Millionen Tonnen geschätzt, mit einem Durchschnitt von 0,80 bis 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

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 100%-owned, 2,500 hectare, Tower Mountain Gold Property (the "Property" or "Tower Mountain"), located in the Shebandowan Greenstone Belt, 50 kilometres west of the international port city of Thunder Bay, Ontario.

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 100% owned mineral title. All mineralization lies within a 1,200-metre radius of the TMIC center, providing a compact footprint which benefits exploration efficiency. With all necessary infrastructure in place, Tower Mountain offers a truly unique combination of size, grade predictability, world class infrastructure and a premium mining jurisdiction that cannot be matched."

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, 100%-owned claim package at Tower Mountain, within a 1,200-metre radius from the centre of the TMIC. Table 1.0 presents the summary drill hole parameters and core assay results of all 13 completed diamond drill holes.

Table 1.0 Summary of Diamond Drill Hole Parameters and Core Assay Results

Hole IDFromToIntervalAuTrue WidthUTM NAD83 16NElevationBearingDipDepth

(metres)(metres)(metres)(g/t)(est. metres)EASTNORTH(metres)(degrees)(degrees)(metres)
TM24-1480.07.57.52.487.53020705377653523210-457.50
TM24-1499.021.412.40.2112.4302051537762753035-5060.00
TM24-1502.528.526.00.7620.03020865377627523297-4566.00
includes4.58.74.21.643.2





and16.824.57.71.015.9





TM24-1511.527.025.51.7720.03020865377627523297-6575.00
includes6.09.03.01.132.3





and16.527.010.53.648.1





TM24-1520.054.254.21.9330.03020865377627523114-4560.00
includes16.424.07.63.554.2





and47.054.27.21.564.0





TM24-1530.031.631.61.4217.53020865377627523114-7539.00
includes0.015.015.02.038.3





and18.827.08.21.424.5





TM24-1540.022.522.50.7220.3302088537762752228-4566.00
TM24-1550.028.528.50.4628.5302088537762752228-5536.00
TM24-1560.025.525.50.8723.0302088537762752228-6551.00
includes0.05.35.31.694.8





and15.025.510.50.949.5





TM24-15710.543.533.00.7033.0302096537760552332-4551.00
includes10.522.512.00.4212.0





and30.043.513.51.3013.5





TM24-15813.951.037.10.4033.4302096537760552332-6578.00
includes13.918.04.12.743.7





TM24-1590.058.558.50.6350.0302137537757651235-65102.00
includes0.013.513.51.8712.2





TM24-1603.047.844.80.9344.8302137537757651235-4562.00
includes30.046.416.41.1016.4





 

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).

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Figure 1 Diamond Drill Hole Plan - Soil Geochemistry BASE LAYER with Surface Rock Assay Results

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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).

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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

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Figure 3. P-Target: Section 100 East (Looking East) using a 50-metre Window View

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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 5-10% 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. In addition, standards and blanks are inserted into the re-assayed interval stream to monitor analytical performance. Samples are shipped to the Activation Laboratories Ltd. facility in Thunder Bay, Ontario, where sample preparation and analyses are completed. All 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.

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 100%-owned Tower Mountain Gold Property is located adjacent to the Trans-Canada highway, approximately 50-km west of the international port city of Thunder Bay, Ontario. The 2,500-hectare property surrounds the largest, exposed, intrusive complex in the eastern Shebandowan Greenstone Belt where most known gold occurrences have been described as occurring either within, or proximal to, intrusive rocks. Gold at Tower Mountain is localized within extremely altered rocks parallel to the western contact of the intrusive centre. Drilling has established anomalous gold extending out from the intrusive contact for over 500 metres along a 1,500-metre strike length, to depths of over 500 metres from surface. The remaining 75% of the perimeter surrounding the intrusion shows identical geology, alteration, and geophysical response, offering a compelling exploration opportunity.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236222

FAQ

What are the latest gold drilling results for Thunder Gold (TGOLF) at Tower Mountain?

The latest drilling results include 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 from 13 drill holes completed in December 2024.

What is the estimated size of Thunder Gold's (TGOLF) Tower Mountain exploration target?

The conceptual exploration target is estimated between 40 to 80 million tonnes averaging 0.80 to 1.20 g/t Au.

Where is Thunder Gold's (TGOLF) Tower Mountain property located?

The Tower Mountain property is located in the Shebandowan Greenstone Belt, 50 kilometres west of Thunder Bay, Ontario.

What is the strike length and depth of the new gold zone discovered by Thunder Gold (TGOLF)?

The drilling program established consistent gold mineralization along a 125-metre strike length with mineralization traced to a depth of 45 metres.

How many hectares does Thunder Gold's (TGOLF) Tower Mountain property cover?

The Tower Mountain property covers 2,500 hectares and is 100% owned by Thunder Gold Corp.

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