Thunder Mountain Gold, Inc. [TSXV-THM; OTCQB-THMG] reported a recently submitted NI 43-101 Mineral Resource Estimate (MRE) integrating arise from surface area diamond drilling program carrying out in 2021 at the South Mountain Project in southwestern Idaho, U.S.A. The upgraded 43-101 MRE consists of an increased resource for the task while keeping the top-quality mineralization.
The upgraded Independent 43-101 MRE, which has an efficient date of October 16, 2023, was prepared by Hard Rock Consulting, LLC, based in the U.S.A.
Emphasizes– Measured & & Indicated(M&I): 223,000 loads grading 9.02% zinc (Zn), 4.27 oz/ton (decide) silver (Ag), 0.059 choose gold (Au), 0.64% copper (Cu), and 0.94% lead (Pb).
This represents a 7.7% boost to the M&I tonnage from the previous 2021 43-101 MRE, with a 18.82% Zn comparable grade (ZnEq), or a 20.55 choose Ag comparable grade (AgEq).
Presumed: 959,000 lots grading 7.56% Zn (14% boost in Zn pounds), 5.67 choose Ag (14.10% boost in Ag ounces), 0.037 choose Au (3.3% boost in Au ounces), 0.80% Cu (14.5% boost in Cu pounds), and 1.06% Pb (25.4% boost in Pb pounds).
This represents a 15.1% boost in the Inferred tonnage from the previous 2021 43-101 MRE with an 17.2% ZnEq or a 19.30 choose AgEq.
The DMEA Zone in the design was extended an extra 250 feet down dip and stays open.
“We are exceptionally pleased by the outcomes of the modified 43-101 MRE. These deep surface area core holes positioned to figure out the ongoing downdip capacity of the mineralization showed favorable outcomes on our resource. Our independent engineering company– Hard Rock Consulting, LLC– did a terrific task with the information. This brand-new information supports formerly reported design and results verifying the extension of all mineralized zones extending down-plunge, which they continue to stay open at depth,” commented Eric T. Jones, President and CEO of Thunder Mountain Gold Inc. “It is still our viewpoint that South Mountain has the possible to be among the most affordable expense manufacturers of zinc, silver, and gold in the United States and Canada.”
This most current round of drilling finished throughout the late fall of 2021 shows the extension of the down-plunge extension of the DMEA zone at depth. This zone stays open in both instructions. All the of the drill outcomes have actually now been integrated into the upgraded 43-101 MRE for the South Mountain deposit. The boost in Measured and Indicated heaps are the outcome of upgraded metal rates and mining expenses. Surface area drilling finished in 2021 represent roughly 8% of the boost in Inferred lots, while the staying 7% boost is because of upgraded metal costs and mining expenses.
The South Mountain Mine is a polymetallic advancement task consisting of top-quality zinc, silver, gold, and copper, and lies roughly 70 miles southwest of Boise, Idaho. The task was periodically mined from the late 1800s to the late 1960s and its existing underground functions stay undamaged and well kept.
Thunder Mountain Gold bought and advanced the job from 2007 through 2022, with expenses into the task of roughly US$ 20 million. Historical production at the Project has actually mostly originated from top-quality huge sulfide bodies that stay open at depth and along strike. According to historic smelter records, around 53,642 lots of mineralized product has actually been mined to date.
These records likewise show typical grades; 14.5% Zn, 10.6 decide Ag (363.42 g/t Ag), 0.058 decide Au (1.98 g/t Au), 1.4% Cu, and 2.4% Pbwere recognized.
Thunder Mountain Gold, a junior expedition business established in 1935, owns interests in base and rare-earth elements jobs in the western U.S. The business’s primary property is The South Mountain Mine, a historical previous manufacturer of zinc, silver, gold, lead, and copper, situated on personal land in Owyhee County Idaho.
Thunder Mountain Gold likewise owns 100% of the Trout Creek Project– a gold expedition task found along the western flank of the Shoshone Mountain Range in the Reese River Valley, nearby to and surrounded by Nevada Gold Mines, a joint operating arrangement in between Barrick and Newmont Gold, Inc. personal mineral lands.