Thunder Gold Options Out the Seagull Lake and Startrek Properties
Early Warning Report Filing – Dr. Strashin Now Holds In-Excess of 16%
Thunder Bay, Ontario–(Newsfile Corp. – May 2, 2024) – Thunder Gold Corp. (TSXV: TGOL) (FSE: Z25) (OTCQB: TGOLF) (formerly White Metal Resources Corp.) (“Thunder Gold” or the “Company”) has executed a binding Letter of Intent (the “LOI”) to option an 80% interest in the Seagull Lake property (ON) and a Definitive Agreement (the “DA”) to option a 100% interest in the Startrek property (NF). Additionally, the Company wishes to announce that Dr. Elliot Strashin, Chairman of Thunder Gold Corp., is filing an Early Warning Report (“EWR”) to register that he now holds in excess of 16% of the outstanding common shares of the Company.
Wes Hanson, President and CEO, states: “Both of the option transactions allow Thunder Gold to continue to focus our exploration resources on the Tower Mountain gold property in Ontario, where prospective geology and proximity to existing infrastructure significantly reduce our all-in exploration cost in an emerging gold camp, the eastern Shebandowan greenstone belt. Both Seagull Lake and Startrek offer excellent discovery potential but we believe that Tower Mountain is where we should be directing our exploration effort going forward. Tower Mountain is geologically prospective and is located adjacent to existing infrastructure resulting in reduced exploration costs and fewer logistical challenges.”