July 29, 2009 08:00 AM Eastern Daylight Time
Thunder Mountain Gold Identifies New and Significant Gold Anomaly at Their South Mountain Project
ELKO, Nev.--(BUSINESS WIRE)--Thunder Mountain Gold, Inc. (OTCBB:THMG) (Company) announced today that it has identified anomalous gold mineralization in previously unexplored, multi-lithic intrusive breccia at the Company?s 100% owned and controlled South Mountain property in Owyhee County, Idaho. The newly identified gold targets significantly raise the potential for discovery of gold resources on the 868 acres of private land that make up the Company?s South Mountain property.
Anomalous gold mineralization was discovered through rock chip sampling and a soil orientation survey on private land leased by the Company. All 20 rock chip samples obtained from outcrop and float in the mineralized area were anomalous with gold values ranging from 0.047 ppm to 5.81 ppm. In a 24-sample, 100-foot spaced soil orientation survey in one area resulted in 23 of the samples being anomalous with gold values ranging up to 0.31 ppm. All assays were completed by ALS Chemex in Elko, Nevada.
The gold mineralization occurs in a multi-lithic intrusive breccia that covers an area of at least 60 acres and is oriented parallel to copper, zinc, silver, gold, and lead mineralization at the main South Mountain located one-half mile to the north. The breccia has sub-angular fragments of sulfidized and potassically altered quartz monzonite and silicified fragments of metasediments.
Thunder Mountain Gold is systematically mapping and sampling the multi-lithic intrusive breccia areas at South Mountain to define the surface extent of the anomalous gold mineralization. The South Mountain property is a precious metals project, with base metal mineralization at the core. Work completed by the Company during 2008 demonstrated that there is a potential for deeper base metal-gold mineralization associated and a larger gold system surrounding the historic mine. An extensive sample soil geochemical survey over the target area is planned to be completed by fall of 2009.
Jim Collord, President of Thunder Mountain, said of the new gold anomaly at South Mountain, ?We are very excited about the favorable analytical results and the unique geology in this newly-recognized and extensive area. This changes the dynamics of South Mountain because it enhances our geologic model and demonstrates the potential for a much larger precious metal deposit associated with the mineralizing event.?
Update on Clover Mountain Project:
The Company completed a 215 sample soil geochemical survey on the Clover Mountain property located 30 miles southwest of Grand View in Owyhee County, Idaho. Sampling conducted on 200?x 200? grid spacing has defined two northeast tending soil anomalies with gold values ranging from 0.020 ppm to 0.873 ppm Au. The gold anomalies are approximately 1,000? in length and approximately 300? in width. Recent rock chip sampling within the area of the anomaly has identified quartz veining with gold values ranging from 3.6 ppm to 4.29 ppm. The gold anomalies are associated with northeast trending structures with accompanying quartz stockwork veining in an exposure of Cretaceous/Tertiary granite. A 2,500? base metal soil anomaly is observed trending northwest proximal to rhyolite and rhyodacitic dikes which intrude the granitic stock. Additional information on Clover Mountain can be viewed on the company?s website.
About Thunder Mountain Gold, Inc.:
Thunder Mountain Gold is a U.S. based Exploration Company focused on the generation of precious and base metal projects in the Western United States, Mexico, and Alaska. A 74-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.
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.
Contacts
Thunder Mountain Gold, Inc.
Investor Relations
Eric Jones, 208-658-1037
eric@thundermountaingold.com
or
Jim Collord
jim@thundermountaingold.com
www.thundermountaingold.com
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