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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Resource Estimate Routine +

Thunder Gold Acknowledges $215,000 in Funding from Ontario Junior Exploration Program (OJEP)

Thunder Gold edges toward a mid-stage open-pit path at Tower Mountain as MRE momentum builds and funding rounds accelerate exploration cadence

By The Northwire Desk — AI Analysis Mar 30, 2026 · 07:31 TGOL · 0.11 Thunder Gold Corp.
TGOL · Price

Executive Summary

  • Thunder Gold Corp. received a $215,000 grant from Ontario’s Junior Exploration Program (OJEP) to fund geophysical and geochemical work at its 100%-owned Tower Mountain Gold Property.
  • The company disclosed its latest NI 43‑101 mineral resource estimate for Tower Mountain (effective Jan 19 2026): 34.5 Mt Indicated at 0.46 g/t Au (514 koz) and 211.1 Mt Inferred at 0.45 g/t Au (3,053 koz).
  • The grant and resource update underscore the project’s district‑scale gold potential and support continued exploration toward an open‑pit operation.

Key Details

  • Grant Amount: $215,000 from Ontario Government’s Junior Exploration Program.
  • Use of Funds: Geophysical and geochemical programs to advance understanding of Tower Mountain and support ongoing technical evaluation.
  • Property Location: 100% owned Tower Mountain Gold Property, Shebandowan Greenstone Belt, ~40 km west of Thunder Bay, ON.
  • Mineral Resource Estimate (effective Jan 19 2026):
  • Indicated: 34.5 Mt @ 0.46 g/t Au → 514 koz contained gold.
  • Inferred: 211.1 Mt @ 0.45 g/t Au → 3,053 koz contained gold.
  • Economic Assumptions Used in MRE:
  • Gold price US$3,000/oz, 80% recovery, open‑pit mining cost US$3.0/t, processing cost US$8.0/t, G&A US$3.5/t, transportation US$2.5/oz Au, royalty 3%.
  • Cut‑off Grade: 0.19 g/t Au.
  • Technical Parameters: Block model 5 m³ parent size; re‑blocked to 10 m³ for pit optimization; slope angles 30° (overburden) / 50° (fresh rock).
  • Qualified Persons: Wes Hanson, P.Geo. (President & CEO), William Lewis, P.Geo., Charley Murahwi, P.Geo., FAusIMM, and Tudorel Ciuculescu, P.Geo. of Micon International Ltd.

Notable Quotes

“This funding supports continued exploration at Tower Mountain and complements our ongoing work on the project as we advance key technical milestones.” – Wes Hanson, President & CEO, Thunder Gold Corp.

“Ontario is leading the charge to secure the minerals that will power our economy… backing companies like Thunder Gold Corp. to advance promising projects here at home.” – Stephen Lecce, Minister of Energy and Mines, Ontario.

Read the original news release →

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