- Thunder Gold Corp (TGOLF, Financial) completes 60% of Phase One drilling at Tower Mountain Gold Property, intersecting low-grade gold.
- Phase Two drilling to start in June targeting P-Target and 37-38 Target, with a focus on mineralization continuity.
- All-in exploration costs for Phase One were C$273 per metre, below guidance, positioning Tower Mountain as a low-cost exploration site.
Thunder Gold Corp (OTCQB: TGOLF) announced the results from Phase One of their drilling program at the 100%-owned Tower Mountain Gold Property in Ontario. The program completed 1,209 meters out of a planned 2,000 meters, with 800 meters deferred due to safety concerns arising from steep topographic relief and significant snow accumulation.
The Phase One drilling program successfully intersected low-grade gold values in eight out of nine completed holes, with grades ranging from 0.10 to 0.50 g/t Au over broad intervals. Statistical analysis indicates that these findings align closely with historical data related to the western contact of the Mountain Intrusive Complex.
The deferred 800 meters will be included in the upcoming Phase Two drilling, scheduled to commence in June with a total of 1,800 meters. This phase will target the P-Target and 37-38 Target areas, where the previous high-grade results included 963.0 g/t over 1.5 meters in hole TM23-137. The aim is to confirm the continuity of mineralization over a 200m x 200m x 100m volume.
Thunder Gold Corp reported their Phase One all-in exploration costs at C$273 per metre, which is below their guidance of C$300 per metre. This positions Tower Mountain as one of the lowest-cost exploration opportunities in Canada.
