ELKO, Nev., March 7 /PRNewswire-FirstCall/ — Thunder Mountain Gold, Inc. (OTC Bulletin Board: THMG) is pleased to announce that the company has acquired through staking eight lode claims, approximately 160 acres, in the Tonopah Mining District, Esmeralda County, Nevada.
The claims are located on what has been interpreted to be the offset portion of the West End and Ohio veins along the south limb of the West End Rhyolite intrusive dome. The target is projected to be 500 to 800 deep and will initially be tested by surface drilling. The typical veins in this area are projected to be 10-20 feet thick, with ore shoots up to 50 feet thick. Grades historically mined in the area were 15 to 20 ounces per ton (opt) silver and 0.15 to 0.20 opt gold. There is approximately 3,000 feet of relatively unexplored strike length and the veins could extend to depths of 2,000 feet. Given these projections, there exists a potential of a significant tonnage of high-grade mineralized material on the claim block.
During the period 1900 to 1952, the Tonopah District produced 174,153,600 ounces silver and 1.861,000 ounces of gold from 8,798,000 tons of ore for an average grade of approximately 20 opt silver and 0.21 opt gold. Approximately 50% of this production came from what are called the “contact veins” in the western part of the district where the mineralization occurs near the contacts of the Mizpah Andesite and Tonopah Formation Rhyolite with the domed-shaped West End Rhyolite intrusive sill.
About Thunder Mountain Gold, Inc.
Thunder Mountain Gold is an exploration company focused on the generation of precious and base metal projects in the Western United States, Mexico, and Alaska. Thunder Mountain performs its own natural resource exploration and generates value for shareholders by aggressively developing high-grade, high-quality precious and base metal resources in politically stable mining regions.
This release has been reviewed and approved by Company Vice President Pete Parsley (M.Sc. and Registered Professional Geologist), and “qualified person” as that term is defined in National Instrument 43-101.
ON BEHALF OF THE BOARD
President and Chairman of the Board
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Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed and elsewhere in the company’s periodic filings with United States securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.