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VANCOUVER, BC / ACCESSWIRE / April 21, 2020 / Great Thunder Gold Corp. (TSXV:GTG)(OTCPINK:MLBVF)(FSE:M4KQ-FF) (“Great Thunder” or the “Company”) is admiring to advertise the accepting of a Letter of Absorbed (“LOI”) for the accretion of the Southern Star Acreage (“Southern Star”) amid 6.5km south of the Fenelon/Tabasco drop captivated by Wallbridge Mining Aggregation (“Wallbridge”). The Southern Star would accompany the Aggregation to a absolute of 10,677 hectares in the abounding district, as it has afresh acquired the Northbound and Northbound Addendum backdrop aural the camp.
Great Thunder’s President & CEO Richard Macey states, “The Southern Star acquisition, accountable to a due activity process, would decidedly access the Company’s cardinal position forth the Detour trend belt as it would about quadruple our key acreage positioning. Such able-bodied positioned acreage backing accommodate a greater befalling for analysis potential. With Wallbridge & Balmoral on the alley to accumulation their companies, if the due activity of the Southern Star is absolute and this transaction is completed, it would accomplish Great Thunder one of the better acreage holders in the anew developing Fenelon Gold Camp.”
About the Fenelon Gold Camp
Over the advance of aftermost year, Wallbridge Mining has had amazing contempo success in the Fenelon gold camp. Wallbridge accomplished 75,000m on their activity aftermost year and planned to access to 100,000 – 120,000m of conduct throughout 2020 en avenue to their maiden-resource calculation. The Fenelon Activity could accept the abeyant to host one of Quebec’s abutting aloft open-pitable high-grade gold deposits with the success Wallbridge is having. Aftermost December, they arise assignment ambush highlight allocation of up to 22.73 g/t Au over 48.01 meters (Wallbridge Dec 3, 2019 columnist release) and a acknowledged 33,233 tonnes at 18.49 g/t Au aggregate sample aftereffect which met or exceeded their antecedent projections in agreement of brand and gold recovery. This aggregate sample additionally provided banknote breeze for their 2019 conduct of 75,000m.
The Jeremie Pluton Contact
Last year, Wallbridge’s analysis affairs activated their 4-kilometre bang breadth of the Jeremie Pluton acquaintance which trends north-west assimilate Great Thunder’s Northbound Property. Wallbridge’s aboriginal assignment aperture (“FA-19-089”) activated the abstraction that the Jeremie Pluton does host high-grade mineralization agnate to that of their Breadth 51 mineralization. Targeting a structural-geophysical target, Wallbridge auspiciously continued their high-quality analysis ambition far into the arctic allotment of their Property.
Great Thunder’s backdrop (Northbound, Northbound Extension) are underlain by Jeremie Pluton, an advancing anatomy acceptable added important at the abutting Wallbridge Fenelon property, as accent above. Wallbridge’s analysis in 2019 activated bang extensions to the arctic of the acreage of accepted mineralization from the metasediments and metavolcanics and gabbro into the Jeremie pluton. Wallbridge conduct to date has accepted the extensions of the gold-bearing mineralized zones able-bodied into the pluton and the zones arise to be accessible added into the pluton.
Cautionary Statements: Great Thunder cautions investors that mineralization on Wallbridge’s adjoining acreage is not necessarily apocalyptic of agnate mineralization on Great Thunder’s backdrop in the district.
The Southern Star Property:
The Southern Star Acreage is fabricated up of 146 claims which covers about 8,100 hectares (81km2). It shares a 7km adjoining bound with Midland Exploration’s contempo affirmation accretion appear April 2, 2020, accretion their Gaudet property.
Southern Star Geology
This new acreage acquisition, with auspicious gold and abject metal potential, protects added than 81 km2 of the Brouillan-Fenelon geological Group, which is fabricated up of felsic to mafic volcano-sedimentary rocks. The Bapst Fault marks the acquaintance amid the Brouillan-Fenelon Group and the Brouillan advancing in the SW allocation of this property. The Grasset Fault additionally crosses in allotment to the NE of the property.
The Bapst Fault runs NW-SE through the SW allotment of the property. In the South-West breadth of the acreage there was a celebrated argent ambush (SG3-1) forth the Bapst Fault. The ambush alternate 5.6g/t Ag over 1.4m and 5g/t Ag over 1m aural assignment holes (Mercier et al., 1996). This argent ambush was targeted aural an breadth of aqueduct anomalies and a VTEM ambition articular by Midland Analysis in 2017.
There are two added audible electro-magnetic (“EM”) targets amid on this acreage and it covers 11km forth the addendum of the Lower Detour Fault. There has been little absolute assignment to analysis these altered targets on the property, yet.
Letter of Absorbed Terms
Pursuant to the LOI anachronous April 16th, 2020, Great Thunder can access a 100% interest, accountable to a 3% net smelter allotment royalty, in the Southern Star acreage from the vendors by advantageous a $12,500 non-refundable drop and, accountable to authoritative acceptance, arising 450,100 accepted shares.
Great Thunder can acquirement 2% (or 2/3) of the net smelter allotment ability at any time for $3,000,000.
Great Thunder’s Regional Map of the Detour Lake Trend
Cautionary Statements: Mineralization occurring at the mines and deposits listed aloft is not necessarily adumbrative of mineralization that may be begin on projects captivated by Great Thunder declared within.
Donald Théberge, P.Eng., M.B.A, is the Qualified Person aural the acceptation of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has advised and accustomed the abstruse agreeable of this account absolution on account of the Company.
About Great Thunder Gold
Great Thunder Gold is a inferior Canadian mining analysis aggregation focused on analysis and development forth the Detour Gold trend in Quebec. The Aggregation is the additional better mineral affirmation holder abutting to the arch Wallbridge Mining (post-completed alliance with Balmoral Resources.
On Account of the Board of Directors,GREAT THUNDER GOLD CORP.
President & CEOEmail: firstname.lastname@example.orgDirect Line: (604) 537-4174
Neither TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.
This account absolution may accommodate assertive “forward attractive statements”. Advanced statements absorb accepted and alien risks, uncertainties, assumptions and added factors that may account the absolute results, achievement or achievements of the Aggregation to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by the advanced statements. Any advanced account speaks alone as of the date of this account absolution and, except as may be appropriate by applicative balance laws, the Aggregation disclaims any absorbed or obligation to amend any advanced statement, whether as a aftereffect of new information, approaching contest or after-effects or otherwise.
SOURCE: Great Thunder Gold Corp.
View antecedent adaptation on accesswire.com: https://www.accesswire.com/586046/Great-Thunder-Signs-LOI-Positioning-to-Become-One-of-the-Largest-Landholders-around-Wallbridges-Fenelon-Deposit-in-Quebec
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