Thunder Mountain Gold Inc. Restarts Technical Work on South Mountain
Thunder Mountain Gold (OTCQB: THMG) has announced the restart of technical work at its flagship South Mountain Mine in Owyhee County, Idaho. The company is focusing on updating its Mineral Resource Estimate (MRE) and advancing toward a Preliminary Economic Assessment (PEA).
The updated MRE will incorporate recent exploration results to better define the high-grade polymetallic mineralization of zinc, silver, gold, lead, and copper. The company is also conducting technical studies, including metallurgical testing and site optimization. Additionally, THMG plans expansive geophysical and geochemical work to follow up on previously identified copper porphyry targets in collaboration with Durango Geophysical Operations.
A strategic partnership with Swiss-based MFD Investment Holdings SA has provided $1,000,000 in project-related expenditures and technical support for development.
Thunder Mountain Gold (OTCQB: THMG) ha annunciato la ripresa dei lavori tecnici presso il suo principale South Mountain Mine nella contea di Owyhee, Idaho. L'azienda si sta concentrando sull'aggiornamento della sua Stima delle Risorse Minerali (MRE) e sull'avanzamento verso una Valutazione Economica Preliminare (PEA).
L'updated MRE incorporerà i recenti risultati di esplorazione per meglio definire la mineralizzazione polimetallica ad alto grado di zinco, argento, oro, piombo e rame. L'azienda sta anche conducendo studi tecnici, inclusi test metallurgici e ottimizzazione del sito. Inoltre, THMG prevede di effettuare ampi lavori geofisici e geochimici per seguire i bersagli di porfido di rame precedentemente identificati in collaborazione con Durango Geophysical Operations.
Una partnership strategica con MFD Investment Holdings SA, con sede in Svizzera, ha fornito 1.000.000 di dollari in spese correlate al progetto e supporto tecnico per lo sviluppo.
Thunder Mountain Gold (OTCQB: THMG) ha anunciado el reinicio de trabajos técnicos en su mina insignia South Mountain Mine en el condado de Owyhee, Idaho. La empresa se está enfocando en actualizar su Estimación de Recursos Minerales (MRE) y avanzar hacia una Evaluación Económica Preliminar (PEA).
La MRE actualizada incorporará los recientes resultados de exploración para definir mejor la mineralización polimetálica de alto grado de zinc, plata, oro, plomo y cobre. La empresa también está realizando estudios técnicos, incluyendo pruebas metalúrgicas y optimización del sitio. Además, THMG planea realizar amplios trabajos geofísicos y geoquímicos para dar seguimiento a los objetivos de pórfido de cobre previamente identificados en colaboración con Durango Geophysical Operations.
Una asociación estratégica con MFD Investment Holdings SA, con sede en Suiza, ha proporcionado 1.000.000 de dólares en gastos relacionados con el proyecto y apoyo técnico para el desarrollo.
Thunder Mountain Gold (OTCQB: THMG)는 아이다호 오와이히 카운티에 위치한 대표 광산 South Mountain Mine에서 기술 작업을 재개한다고 발표했습니다. 이 회사는 미네랄 자원 추정치(MRE)를 업데이트하고 초기 경제 평가(PEA)로 나아가는 데 집중하고 있습니다.
업데이트된 MRE는 최근 탐사 결과를 반영하여 아연, 은, 금, 납, 구리의 고품위 다금속 광물화를 보다 잘 정의할 것입니다. 또한, 이 회사는 메탈루르기 테스트 및 사이트 최적화를 포함한 기술 연구를 수행하고 있습니다. 더불어, THMG는 Durango Geophysical Operations와 협력하여 이전에 확인된 구리 포르피리 타겟에 대한 지구물리학 및 지구화학 작업을 계획하고 있습니다.
스위스에 본사를 둔 MFD Investment Holdings SA와의 전략적 파트너십을 통해 1,000,000달러의 프로젝트 관련 비용과 개발을 위한 기술 지원이 제공되었습니다.
Thunder Mountain Gold (OTCQB: THMG) a annoncé la reprise des travaux techniques dans sa mine phare South Mountain Mine dans le comté d'Owyhee, Idaho. L'entreprise se concentre sur la mise à jour de son Estimation des Ressources Minérales (MRE) et sur l'avancement vers une Évaluation Économique Préliminaire (PEA).
La MRE mise à jour incorporera les récents résultats d'exploration pour mieux définir la minéralisation polymétallique de haute teneur en zinc, argent, or, plomb et cuivre. L'entreprise effectue également des études techniques, y compris des tests métallurgiques et l'optimisation du site. De plus, THMG prévoit de réaliser d'importants travaux géophysiques et géochimiques pour faire suite aux cibles de porphyrie de cuivre précédemment identifiées en collaboration avec Durango Geophysical Operations.
Un partenariat stratégique avec MFD Investment Holdings SA, basé en Suisse, a permis de fournir 1.000.000 dollars pour les dépenses liées au projet et un soutien technique pour le développement.
Thunder Mountain Gold (OTCQB: THMG) hat die Wiederaufnahme technischer Arbeiten in seiner Hauptmine South Mountain Mine im Owyhee County, Idaho, angekündigt. Das Unternehmen konzentriert sich darauf, seine Schätzung der Mineralressourcen (MRE) zu aktualisieren und auf eine vorläufige Wirtschaftliche Bewertung (PEA) hinzuarbeiten.
Die aktualisierte MRE wird die jüngsten Erkundungsergebnisse einbeziehen, um die hochgradige polymetallische Mineralisierung von Zink, Silber, Gold, Blei und Kupfer besser zu definieren. Das Unternehmen führt auch technische Studien durch, darunter metallurgische Tests und Standortoptimierung. Darüber hinaus plant THMG umfangreiche geophysikalische und geochemische Arbeiten, um zuvor identifizierte Kupferporphyrzielgebiete in Zusammenarbeit mit Durango Geophysical Operations weiter zu verfolgen.
Eine strategische Partnerschaft mit der in der Schweiz ansässigen MFD Investment Holdings SA hat 1.000.000 Dollar für projektbezogene Ausgaben und technische Unterstützung für die Entwicklung bereitgestellt.
- Secured $1,000,000 in project funding through strategic partnership with MFD Investment Holdings SA
- Advancement of technical studies including MRE update and PEA development
- Planned expansion of exploration work for copper porphyry targets
- None.
Boise, Idaho--(Newsfile Corp. - January 27, 2025) - Thunder Mountain Gold, Inc. (OTCQB: THMG) (TSXV: THM) ("THMG" or the "Company") is pleased to provide an update on the progress of its flagship South Mountain Mine located in Owyhee County, Idaho. The Company has restarted technical work on its Project, with a primary focus on updating the Mineral Resource Estimate (MRE) and advancing toward a Preliminary Economic Assessment (PEA).
The restarted technical work will focus on updating the MRE to reflect recent exploration results, further defining the high-grade polymetallic mineralization of zinc, silver, gold, lead, and copper. Following the MRE update, Thunder Mountain Gold plans to initiate a PEA, evaluating the economic potential and development pathways for South Mountain.
Key Developments:
Mineral Resource Estimate Update: The updated MRE will incorporate recent exploration results, enhancing the understanding of the deposit's scale and grade distribution.
Preliminary Economic Assessment: Upon completing the MRE, THMG will focus on delivering a PEA to outline the economic feasibility of advancing South Mountain towards production readiness.
Technical Studies: The Company is also conducting technical studies, including metallurgical testing and site optimization, to support the restarted development efforts.
Additional Exploration: In cooperation with its geophysical consultant - Durango Geophysical Operations, the Company plans expansive geophysical and geochemical work on surrounding prospective ground, following up on copper porphyry targets previously identified.
A strategic partnership with Swiss-based MFD Investment Holdings SA ("MFD") has provided additional funding, contributing
Eric T. Jones, President and CEO of Thunder Mountain Gold, commented, "We remain committed to advancing South Mountain as a high-grade polymetallic project with significant resource expansion potential. The ongoing MRE update and subsequent PEA will provide a strong foundation for the project's future development. Our partnership with MFD has further enhanced our ability to execute key technical work."
About South Mountain Mine
The South Mountain Mine is a historic Anaconda Mining development located approximately 70 miles southwest of Boise, Idaho. The property comprises patented and unpatented mining claims, leased land, and private millsite acreage totaling over 1,400 acres. The project hosts high-grade polymetallic mineralization with significant resource expansion potential.
About Thunder Mountain Gold, Inc.
Thunder Mountain Gold Inc., a junior exploration company founded in 1935, owns interests in base and precious metals projects in the western U.S. The Company's principal asset is The South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper, located on private land in Owyhee County Idaho. Thunder Mountain Gold also owns
Forward-Looking Statements
This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. The forward-looking statements are based on certain assumptions which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Investors should refer to THMG's Form 10-K, Form 10-Q reports, for a more detailed discussion of risks that may impact future results. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.
Cautionary Note to Investors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Thunder Mountain Gold Inc.
Eric T. Jones
President and Chief Executive Officer
(208) 658-1037
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238494
FAQ
What is the current status of Thunder Mountain Gold's (THMG) South Mountain Mine project?
How much funding did MFD Investment Holdings provide to THMG's South Mountain project?
What minerals are being explored at THMG's South Mountain Mine?
What are the next steps in THMG's South Mountain Mine development plan?
Who is THMG's geophysical consultant for the South Mountain project?
