Vancouver, British Columbia--(Newsfile Corp. - April 13, 2021) - Great Thunder Gold Corp. (CSE:GTG) (OTC: GTGFF) (FSE: M4KQ) ("Great Thunder", or "GTG", or the "Company") is pleased to provide an update on its inaugural diamond drill program at the Southern Star Property, located in the Fenelon Gold Camp of Quebec, Canada.
Drilling contractors Diafor Inc. of Abitibi, Quebec, have completed the first three holes totalling 1,800 metres. A total of four diamond drill holes totalling 2,400 metres are planned. The Phase 1 drilling program was designed to investigate Priority 1 conductors following a 2020 heli-borne EM survey and plate modeling completed by Campbell and Walker Geophysics. Core has been logged for the first three diamond drill holes. Several samples have been sent to ALS Laboratories in Val d'Or for sample preparation and analysis.
Figure 1. Southern Star location along the Lower Detour deformation zone.
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The Southern Star Property is located in the prolific Fenelon Gold Camp, along the Lower Detour deformation zone, part of the Sunday Lake-Detour crustal scale structural domain recognized for its relation to gold deposits in east central Quebec.
Drilling at Chubb Lithium Property
Following the completion of the Southern Star property drilling, the drill rig and crew are mobilizing to the Company's Chubb Lithium property. The Chubb Lithium property is located 25 km north of the mining community of Val d'Or, Quebec (Figure 2). It is hosted within the La Corne pegmatite field, host to North American Lithium's deposit with reported proven and probable reserves of 17.06 Mt grading 0.94% Li2O and measured and indicated resources of 33.24 Mt grading 1.19% Li2O (http://na-lithium.com/projects/). The neighbouring La Motte pegmatite field to the west hosts the Authier Lithium Deposit of Sayona Mining (ASX: SYA) which is estimated to contain measured and indicated resources of 17.18 Mt grading 1.01% Li2O and inferred resources of 3.76Mt grading 0.98% Li2O
(https://www.ree.environnement.gouv.qc.ca/dossiers/3211-16-020/3211-16-020-16.pdf).
Drilling at the Chubb Lithium project is planned to follow-up on drilling last performed in 2017 where Great Thunder reported 1.33% Li2O over 5.3m in hole C-17-01. Diamond drilling by Abitibi Lithium Corp in 1994 intersected 3.72m grading 1.78% Li2O, 2.75m grading 1.00% Li2O and 2.38m grading 1.25% Li2O.
CEO Commentary
"We are very pleased with our initial drill program on the Southern Star Property and anxiously await drill results," said Blair Naughty, President and CEO of Great Thunder Gold. While we continue to focus on gold in the Fenelon camp, Great Thunder Gold is in an enviable position to own the Chubb Lithium Property in a prolific lithium-bearing pegmatite field, close to infrastructure and close to the development of the first possible lithium mines in Canada. We look forward to continuing our advancement of the Chubb Lithium Property with the upcoming drill program."
Qualified Person
Donald Théberge, P.Eng., M.B.A., an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
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. Great Thunder also has mineral claims in the Le Corne pegmatite field of Quebec.
On Behalf of the Board of Directors,
GREAT THUNDER GOLD CORP.
"Blair Naughty"
President & CEO
Investor Relations
Email: info@greatthundergold.com
Direct Line: (236) 513-4653
www.greatthundergold.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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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