Thunder Mountain Gold Inc

Published : November 12th, 2008

Announces Assay Results on Sulfide Intercept at South Mountain

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THUNDER MOUNTAIN

GOLD INC.

 

 

5248 W. Chinden Blvd.                                                  Telephone: (208) 658-1037

Boise, Idaho  83714                                                                  Fax: (208) 322-5626

______________________________________________________________________________________________

News Release

 

THUNDER MOUNTAIN GOLD ANNOUNCES ASSAY RESULTS ON SULFIDE INTERCEPT AT SOUTH MOUNTAIN

 

Boise Idaho, November 12, 2008:  Thunder Mountain Gold, Inc. (OTCBB: THMG) today announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary (Company), received the assay results from the sulfide intercept encountered in their first core hole their South Mountain Mine exploration project located in Owyhee County, Idaho. 

 

Mineralization was encountered at the target zone between 656 and 705 feet.  A total of 73 feet of core, including the sulfide intercept, were detailed by 34 selected intervals.  The HQ core was cut at the Company?s office in Boise, Idaho and delivered by Company personnel to ALS Chemex of Elko, Nevada.  In addition to the sulfide intercept consisting of pyrrhotite, sphalerite, marmatite, arsenopyrite,  and chalcopyrite, the carbonate and skarn zones that bounds or is internal to the mineralization was also cut and assayed.

 

The assay results showed two distinct zones of strong mineralization:

 

Interval

Weighted Average

Gold

Fire Assay

(ounce per ton)

Silver

Fire Assay

(ounce per ton)

Zinc

(%)

Copper

( %)

Lead

( %)

657 - 669.5

(12.5 feet)

 

 

0.066

 

1.46

 

7.76

 

0.276

 

0.306

687 ? 704.5

(17.5 feet)

 

 

0.129

 

1.89

 

2.18

 

0.183

 

0.152

 

The drill hole encountered a 20 foot alteration halo of epidote and garnet skarn before and after the mineralized intercept.  Hedenbergite and ilvaite skarn mineralization is common within the massive sulfide zone.  Anomalous mineralization was present throughout the total intercept sampled.

The alteration and mineralization is similar in character to that mined on the Sonneman and Laxey underground levels. The target for the DEMA-2 drill hole was the down-rake extension of this mineralization approximately 280 to 300 feet below the DMEA 2 sulfide zone Sonneman level. A bulk sample from the Sonneman in the 1980s by South Mountain Mines, Inc. had values of 22.87% zinc, 0.50% copper, 0.47 lead, 0.12 ounce per ton (opt) gold and 3.3 opt silver.  The DMEA 2 zone on the Sonneman Level was extensively drilled by South Mountain Mines and a zone of massive sulfide approximately 75 feet by 50 feet was defined. 

Jim Collord, President of Thunder Mountain Gold, said of assay results, ?We are very pleased with the assay result from our DMEA-2 drillhole.  The gold values were particularly encouraging.  Plus, given the fact that the drillhole targeted a distinct sulfide zone 300 feet down dip of the lowermost mineralization encountered in the underground workings, this intercept significantly increases the potential of our South Mountain Mine Project. 

 

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. A 73-year old company, 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.

 

Investor Relations:      Eric Jones e-mail:  eric@thundermountaingold.com

            Jim Collord e-mail: jim@thundermountaingold.com

 

 

Forward-Looking Statements:  Statements made which are not historical facts, such as anticipated production, exploration results, costs or sales performance are "forward-looking statements", and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied.  These risks and uncertainties include, but are not limited to, metals prices volatility, volatility of metals production, exploration project uncertainties, industrial minerals market conditions and project development risks.  Refer to the Company's Periodic Filings for a more detailed discussion of factors that may impact expected future results.  Thunder Mountain Gold undertakes no obligation to publicly update or revise any forward-looking statements.     

 

Cautionary Note to Investors - The United States Securities and Exchange Commission (?SEC?) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.

 

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Thunder Mountain Gold Inc

EXPLORATION STAGE
CODE : THMG.OB
ISIN : US8860431084
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Thunder Mountain is a gold exploration company based in United states of america.

Thunder Mountain holds various exploration projects in USA.

Its main exploration properties are SOUTH MOUNTAIN MINE, CLOVER MOUNTAIN, WEST TONOPAH and TROUT CREEK in USA.

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Annual reports of Thunder Mountain Gold Inc
Annual report 2006
Financings of Thunder Mountain Gold Inc
12/3/2014Closes Private Placement Financing
10/24/2014s Private Placement Financing
7/23/2008ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Nominations of Thunder Mountain Gold Inc
6/6/2008Appoints Doug Glaspey to Company`s Board
Financials of Thunder Mountain Gold Inc
3/28/2011 SEC form 10-K, Annual Report
Project news of Thunder Mountain Gold Inc
8/6/2013(South Mountain Mine)s Progress at South Mountain Mine
12/12/2012(South Mountain Mine)Commences Underground Work at Their South Mountain Mine Join...
11/12/2012(South Mountain Mine)Announces $18M Joint Venture Agreement at South Mountain Min...
3/23/2010(South Mountain Mine)Identifies a Large Gold Anomaly
7/29/2009(South Mountain Mine)Identifies New and Significant Gold Anomaly at Their South M...
11/12/2008(South Mountain Mine)Announces Assay Results on Sulfide Intercept at South Mounta...
11/3/2008(South Mountain Mine)reases Land Holdings at Its South Mountain Project
5/22/2008ANNOUNCES COMPLETION OF SOUTH MOUNTAIN TECHNICAL REPORT
Corporate news of Thunder Mountain Gold Inc
1/9/2014ANNOUNCES THE ADDITION OF JOSEPH BAIRD TO ITS BOARD
8/22/2013(Trout Creek)s Strategic Agreement with Newmont USA at Trout Creek
4/25/2013Provides Update on South Mountain Project
1/11/2010Haywood Securities Sponsorship
2/26/2009Grandview Capital to Evaluate Business Opportunities in Chin...
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