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Thunder Gold Announces Fully Funded Phase Three Drill Program at Tower Mountain
Newsfileยท2025-09-23 11:30

Core Viewpoint - Thunder Gold Corp. has announced a fully funded Phase Three drill program at its Tower Mountain Gold Property, which is expected to enhance resource definition and exploration potential in a favorable market environment for gold [1][6][9]. Group 1: Drill Program Details - The Phase Three drill program is set to begin on October 1, 2025, with a total of 2,000 meters planned, focusing approximately 70% on infill drilling along the 1,800-meter western contact of the Tower Mountain Intrusive Complex (TMIC) [9]. - The program aims to close gaps in drill coverage, strengthen geological confidence, and move towards an initial Mineral Resource Estimate (MRE) for the western contact of the TMIC [5][9]. - Significant results from the Phase Two drilling have validated the continuity of mineralization and demonstrated strong potential for expanding the mineralization footprint [9][10]. Group 2: Geological Insights - The 3738-Target area has been tested with seven holes, indicating a weight-averaged grade of 0.93 g/t Au over an average downhole interval of 77.0 meters [7]. - The A-Target has shown a weight-averaged grade of 1.29 g/t Au over an average interval length of 22.7 meters, with significant results indicating sub-vertical continuity of mineralization [12]. - The Phase Three program will include additional holes to further explore the down dip continuation of the A-Target and the 3738-Target [13][14]. Group 3: Market Context and Strategic Positioning - With gold prices at multi-year highs, the company is well-positioned to accelerate resource definition while exploring the broader TMIC perimeter [6][9]. - The strategy focuses on establishing a robust, near-surface, open-pittable resource that could serve as a foundation for future mining operations, while also preserving the potential for systematic discovery across the 2,500-hectare property [6][9]. - The Tower Mountain Gold Property is strategically located near existing infrastructure, enhancing its attractiveness for future development [20][21].