Thunder Mountain Gold Stakes 160 Acres of Highly Prospective Ground in the Prolific Tonopah Mining District
08 3월 2007 - 3:49AM
PR Newswire (US)
ELKO, Nev., March 7 /PRNewswire-FirstCall/ -- Thunder Mountain
Gold, Inc. (OTC:THMG) (BULLETIN BOARD: THMG) is pleased to announce
that the company has acquired through staking eight lode claims,
approximately 160 acres, in the Tonopah Mining District, Esmeralda
County, Nevada. The claims are located on what has been interpreted
to be the offset portion of the West End and Ohio veins along the
south limb of the West End Rhyolite intrusive dome. The target is
projected to be 500 to 800 deep and will initially be tested by
surface drilling. The typical veins in this area are projected to
be 10-20 feet thick, with ore shoots up to 50 feet thick. Grades
historically mined in the area were 15 to 20 ounces per ton (opt)
silver and 0.15 to 0.20 opt gold. There is approximately 3,000 feet
of relatively unexplored strike length and the veins could extend
to depths of 2,000 feet. Given these projections, there exists a
potential of a significant tonnage of high-grade mineralized
material on the claim block. During the period 1900 to 1952, the
Tonopah District produced 174,153,600 ounces silver and 1.861,000
ounces of gold from 8,798,000 tons of ore for an average grade of
approximately 20 opt silver and 0.21 opt gold. Approximately 50% of
this production came from what are called the "contact veins" in
the western part of the district where the mineralization occurs
near the contacts of the Mizpah Andesite and Tonopah Formation
Rhyolite with the domed-shaped West End Rhyolite intrusive sill.
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.
Thunder Mountain 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. This release has been reviewed
and approved by Company Vice President Pete Parsley (M.Sc. and
Registered Professional Geologist), and "qualified person" as that
term is defined in National Instrument 43-101. ON BEHALF OF THE
BOARD Jim Collord President and Chairman of the Board Investor
Relations: Jim Collord e-mail: Website:
http://www.thundermountaingold.com/ Forward-Looking Statements:
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors disclosed and elsewhere in the company's periodic filings
with United States securities regulators. Such information
contained herein represents management's best judgment as of the
date hereof based on information currently available. The company
does not assume the obligation to update any forward-looking
statement. DATASOURCE: Thunder Mountain Gold, Inc. CONTACT: Thunder
Mountain Gold, Inc., +1-775-738-9826, fax, +1-775-738-3582 Web
site: http://www.thundermountaingold.com/
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