Thunder Mountain Gold Inc

Published : August 22nd, 2013

s Strategic Agreement with Newmont USA at Trout Creek

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

tm115x100trans

 

TSX-V:   THM

OTCQB: THMG

THUNDER MOUNTAIN

GOLD INC.

 

5248 W. Chinden Blvd.                                                 

Boise, Idaho  83714                                                                  

Telephone: (208) 658-1037

Fax: (208) 322-5626

 

 


News Release

THUNDER MOUNTAIN GOLD UPDATES PROGRESS at the

TROUT CREEK PROJECT, LANDER COUNTY, NEVADA

 

Boise, Idaho ? August 22, 2013 - Thunder Mountain Gold, Inc. (TSX-V: THM; OTCQB: THMG) (the Company), is pleased to announce that it has satisfied the first phase work commitment on its strategic agreement with Newmont USA Limited on its Trout Creek Project.  The geological and geophysical work completed during the past two years advanced the Company?s Project in Lander County, Nevada.  This first phase included the expenditure of a required minimum $150,000 directly on exploration of the target area.

 

Jim Collord, Chief Operating Officer of the Company, said, ?We are very pleased with the results of the geophysical survey, and to have satisfied the work commitment for the first term with Newmont. Having Newmont as a partner adds tremendous value to the project, and substantially enhances our interpretation and understanding of the target.  We continue to believe that Trout Creek is one of the best remaining pediment plays in Nevada.? 

 

Based on the results of the initial gravity survey, Jim Wright ? Geophysical Consultant - engineered a follow-up CSAMT survey for the target area.  The Company contracted with Zonge International, Inc. to complete the CSAMT survey.  Due to the efficiency of the access and terrain, Zonge was able to complete three lines of CSAMT in the area, which complemented an older survey completed by Cyprus (1995) and Crown Resources (1992).  Jim Wright received and analyzed the CSAMT data.

 

The work summarized in Jim Wright?s report defined the depth to bedrock and identified a drill target in the structure beneath the pediment, as well as a potential target for a follow-up on previous drilling.  Thunder Mountain will further evaluate this data during the coming months in anticipation of a drilling program.  Envirotech Drilling visited the project with Jim Collord in June in preparation of conducting reverse circulation drilling later in 2013 or early in 2014. 

 

Qualified Person ? Edward D. Fields is the Qualified Person as defined by National Instrument 43-101 responsible for the technical data reported in this news release.

 

About Trout Creek

 

Trout Creek is a gold target situated on the Eureka-Battle Mountain trend in the Reese River Valley east of Newmont?s operating Phoenix Mine and past producing Cove-McCoy Mines.  Thunder Mountain signed a strategic exploration agreement with Newmont USA Limited in 2011. Newmont included a private mineral package covering about 9,565 acres added to the original 60 unpatented mining claims (1,200 acres) staked by Thunder Mountain Gold in 2007, which significantly expanded the project. 

 

Under the terms of the Agreement, the Company was responsible for conducting the exploration program and expended in excess of $150,000 over the first two years of the Agreement, with additional expenditures planned in future years.  Conducting drilling on Newmont lands is part of the work commitment, but the Agreement can be terminated after the minimum expenditure commitment has been made.  The Agreement outlines the terms of a joint venture in which Newmont can earn up to 70% of the project by expending 150% of the Company?s expenditures up to the point that Newmont decides to form a joint venture.  If the Company defines economic mineralization of 500,000 ounces of gold or gold equivalent resources on the property  and Newmont decides not to joint venture, then the Company can obtain ownership of any or all of the Newmont lands within the Area of Influence and Newmont would retain three percent (3%) of net smelter returns (NSR) as royalty interest.

About Thunder Mountain Gold, Inc.

Thunder Mountain Gold, a junior gold exploration company founded in 1935, owns interests in several U.S. precious metals projects. The Company?s principal assets are The South Mountain Project ? Owyhee Gold Trust Joint Venture, located on private land in southern Idaho, just north of the Nevada border, and their Trout Creek Project ? a grass roots gold target in the Eureka-Battle Mountain trend of central Nevada, currently under Joint Exploration Agreement with Newmont USA Limited.  For more information on Thunder Mountain, please visit the Company?s website at www.Thundermountaingold.com.

 

U.S. Securities Act of 1933

This press release does not constitute an offer of any securities for sale or a solicitation of an offer to purchase any securities.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that the Company may not fully advance the Trout Creek Project contemplated in this press release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.

Cautionary Note to Investors

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  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.

For further information, please contact:        

 

 

Eric T. Jones

Thunder Mountain Gold Inc.

5248 W. Chinden

Boise, ID  83714

208-761-3857 cell

208-658-1037 off

208-322-5626 fax

Eric@ThunderMountainGold.com

http://www.thundermountaingold.com

 

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

Thunder Mountain Gold Inc

EXPLORATION STAGE
CODE : THMG.OB
ISIN : US8860431084
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
OTC BB (THMG.OB)Berlin (TZG.BE)
0.160+0.00%0.084+0.00%
OTC BB
US$ 0.160
01/08 15:44 -
0%
Prev close Open
0.160 0.090
Low High
0.090 0.160
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.160 23.08%
Volume 1 month var.
200 23.08%
24hGold TrendPower© : 10
Produces
Develops
Explores for Lead - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.58+2.71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.83-4.07%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.47-7.33%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-10.32%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.00+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.71-1.02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.25+4.17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-6.28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 59.37+2.73%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :