Elko, Nevada, November 29, 2007: Thunder Mountain Resources, Inc. (Company), a wholly-owned subsidiary of Thunder Mountain Gold, Inc. (THMG.OB), is pleased to report that it has completed the staking of 58 lode mining claims located in the Reese River Valley approximately 20 miles south of Battle Mountain, Nevada.
The claims were located to cover a geophysical target identified in the valley-fill pediment in the Reese River Valley. Located along the western flank of the Shoshone Range, the target is defined by a regional gravity high-low flexure, as well as a magnetic anomaly. These are both regional features defined by high-level surveys. In addition, the magnetic anomaly was confirmed by a ground survey conducted by the Company.
The prospective target lies along a northwest structural trend with the southern part of the Battle Mountain district which includes Newmont’s Phoenix deposit to the northwest and Barrick’s Cortez-Pipeline Mines to the southeast. The claims are located across the valley to the east of the Cove-McCoy Mine. X-Cal Resources’ Reese River and Mill Creek Properties are to the south and southeast respectively. Northwest trending mineralized structures in the Battle Mountain mining district are characterized by elongated plutons, granodiorite porphyry dikes, magnetic lineaments and regional alignment of mineralized areas. Numerous deposits in the district are localized where younger north striking normal faults crosscut the northwest structural trends. A similar structural setting with a related magnetic anomaly is interpreted to underlay the valley fill on the Trout Creek claim group. In addition to these features, the claims also are situated on a projected westward extension of a ring structure exhibited in the Shoshone Range.
The Company intends to conduct additional geophysical surveys over the Trout Creek property in 2008 to help define potential drilling targets, and will entertain a joint venture arrangement with others conducting exploration in the area to further evaluate the potential of the property.
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 Gold 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.
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