Thunder Gold Intersects 228.5 Metres of Continuous Gold Mineralization Averaging 0.557 g/t Au in TM21-107X, an Extension of TM21-107
Thunder’s long low-grade infill hole confirms bench targets at the project, though market prices already reflected prior best-hole news.
Thunder Gold Corp. (TGOL) has released assay results for extension hole TM21-107X at the Bench Target on Tower Mountain. The hole intersected 228.5 metres averaging 0.557 g/t Au from 209.50 to 438.00 metres depth. When combined with the original 2021 hole TM21-107, which intersected 198.40 metres averaging 0.347 g/t Au, the total interval spans 340.4 metres averaging 0.530 g/t Au from 5.80 to 447.00 metres.
Reported sub-intervals within the combined data include 101.00 m at 0.445 g/t, 56.00 m at 0.456 g/t, 7.30 m at 1.788 g/t, 2.20 m at 2.015 g/t, and 18.20 m at 1.665 g/t Au. The hole lies entirely within the 2026 Mineral Resource Estimate optimized pit limit. However, true width cannot be estimated because the hole did not completely transect the drill target.
The objective of the current program is to upgrade Inferred resources to Indicated classification. Two drills are operating 24/7, with infill drilling planned for completion by the end of September 2026.
Thunder Gold Corp. (TGOL) is an exploration-stage company with no revenue, with its value driven by resource advancement and discovery. The recent drill result represents an infill and extension hole located inside the current pit shell, aimed at converting Inferred resources to Indicated. The hole confirms the expected low-grade, bulk-tonnage mineralization at slightly above resource grade.
Compared with the prior anchor result TM26-210 at 661.5 m @ 0.554 g/t, the current combined interval is shorter at 340.4 m but similar in grade. For an infill hole, the relevant anchor is the resource grade, not the previous best-hole gram-metres; this hole is above resource grade and therefore a positive confirmation. It is not a resource-changing or discovery-defining result, so it is not material in the transformational sense.
Thunder Gold Corp. (TGOL) is a Canadian gold explorer listed on the TSX Venture Exchange. Its flagship Tower Mountain Property is a 7,625-hectare, 100 percent-owned site located approximately 40 kilometres west of Thunder Bay, Ontario.
A January 2026 Mineral Resource Estimate for the property reported 34.5 Mt at 0.46 g/t Au for 514,000 oz Indicated and 211.1 Mt at 0.45 g/t Au for 3,053,000 oz Inferred. The resource is constrained in an open-pit shell with a 1.8:1 waste-to-ore strip ratio and a 0.19 g/t Au cutoff. Economic assumptions include a US$3,000/oz gold price, 80 percent recovery, and total operating costs near US$19.90 per tonne processed.
Financials as of FY2026 show no revenue, C$4.72 million cash, C$4.53 million working capital, no debt, and a net loss of C$409,157. Shares outstanding are approximately 306.8 million to 307.5 million.