Vancouver, British Columbia--(Newsfile Corp. - May 1, 2020) - Great Thunder Gold Corp. (TSXV: GTG) (OTC: MLBVF) (FSE: M4KQ) ("Great Thunder" or the "Company") is pleased to announce that the Company has started it's Phase 1 Exploration Program in the Fenelon Gold Camp of Quebec. Phase 1 program will consist of an airborne deep VTEM survey on all three of its projects; the Northbound, the Northbound Extension, and the Southern Star project (Letter of Intent to acquire dated April 16th, 2020, pending completion of due diligence of historic information).
Great Thunder Project Map Noting its Projects surrounding and Adjacent to Wallbridge Mining's Fenelon Deposit project and within 6.5km of Balmoral Resources Reaper Gold Discovery
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Latest News from the Fenelon Gold Camp
Yesterday, April 30th, 2020, Great Thunder's neighbour Balmoral Resources announced a new discovery on its Fenelon Property. The Reaper gold discovery returned an intercept of 308 g/t gold over 2.97 metres, including 858 g/t gold over 1.06 metres, as part of a broader 2.97-metre-wide mineralized zone grading 307.89 g/t gold. Balmoral's Reaper gold discovery was intersected at a shallow depth.
Further Information of the Fenelon Gold Camp
Great Thunder announced on April 21st, 2020, the signing of a Letter of Intent to acquire its third project (first two projects already acquired) in the direct area of both Wallbridge Mining's Fenelon Gold deposit and Balmoral's project holdings. For more information about the Fenelon Gold Camp, the geological setting which describes the geological importance of the Jeremie Pluton Contact, and more please refer to the Company's last news release.
Great Thunder's Phase 1 Exploration Program
The Company has been in discussions, for several weeks, with service providers to start the first exploration program on all the projects the Company has interests in within the Fenelon Gold Camp. A systematic approach to our initial exploration program will consist of airborne geophysics, ground geological sampling, mapping, and surveying of all three projects.
Quote from Great Thunder Gold's CEO
"The Fenelon Gold camp has been an attractive mineralized camp as Wallbridge Mining, Balmoral Resources, and others have been successful in discovering high-grade gold in drill intercepts. Our technical team is familiar with this part of Quebec. We made our first land acquisition on February 4th, 2020, and our third on April 21st, 2020 (pending completion of due diligence), and believe we are well-positioned. With cash already in the treasury, we are excited to get our team onto the projects as soon as possible to commence the first exploration program," stated Great Thunder's CEO Rich Macey.
Cautionary Statements: Mineralization occurring at the mines, deposits, and discoveries listed above is not necessarily representative of mineralization that may be found on projects held by Great Thunder described within.
About Great Thunder Gold
Great Thunder Gold is a junior Canadian mining exploration company focused on exploration and development along the Detour Gold trend in Quebec. The Company is one of the largest mineral claim holders next to the leading Wallbridge Mining (post-completed merger with Balmoral Resources).
On Behalf of the Board of Directors,
GREAT THUNDER GOLD CORP.
"Richard Macey"
President & CEO
Email:
Direct Line: (604) 537-4174
Neither 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.
Forward-Looking Statement
This news release may contain certain "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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