- Blue Thunder Mining (BLUE) is preparing to launch a diamond drill program at its wholly owned Muus Project near Chibougamau, Québec
- A drill rig is expected to arrive within the next week, focusing on target areas 2 and 3 of the Muus claim block
- Roughly 800 metres of drilling work has been planned for two targets at Area 2, with a further 400 metres planned at Area 3
- In addition to the upcoming drilling work, the company has expanded its holding in the Chibougamau Gold District through the staking and acquisition of eight new claims
- Blue Thunder Mining is currently up 22.22 per cent to C$0.11 per share
Blue Thunder Mining (BLUE) is preparing to launch a diamond drill program at its wholly owned Muus Project near Chibougamau, Québec.
Consisting of five non-contiguous claim blocks, the project covers 51,000 hectares and sits approximately 10 kilometres southwest of the company’s Fancamp Project where 14 core holes were completed in October this year.
With all permits now in hand, the drill rig will move to the Muus Project within the next week where it will test key targets within Areas 2 and 3 of the Muus claim block.
Roughly 800 metres of drilling has been planned at Area 2, focusing on the Lac des Vents target to the southeast and the Lac Bernard target to the west.
A further 400 metres will be completed at the Lac Cowan target of Area 3.
“We are pleased to announce that we will be starting our initial drill program at Target Areas 2 and 3 at the Muus property, which are strategically located along major deformation zones and on strike with several significant new gold discoveries and historical deposits in the Chibougamau Gold District,” said Robert Cinits, President and CEO of Blue Thunder Mining.
“We have recently completed two IP surveys along these trends and are incorporating these results with our database of historical and airborne magnetic data to finalize drill targets at three different locations,” he added.
In addition to the upcoming drill program, the company has expanded its holding in the Chibougamau Gold District with the staking and acquisition of eight new claims. Four are contiguous with the Muss property while the rest are contiguous with the Nisk property.
These claims represent a further 423 hectares of land, for which Blue Thunder will issue 100,000 common shares to the seller having already paid a cash consideration of C$10,000.
Blue Thunder Mining is currently up 22.22 per cent to C$0.11 per share at 1:47pm EST.