- Great Thunder Gold Corp (TSXV:GTG) has begun exploration at the Fenelon Gold Camp in Quebec
- Phase one of the program will involve ground sampling, mapping and airborne deep VTEM surveys
- Earlier this week, Balmoral Resources returned promising assays from its own Fenelon site of 308 grams per tonne of gold over 2.97 metres
- Great Thunder acquired its first claim on the block in early February of this year and is currently awaiting finalisation on a third
- Great Thunder Gold (GTG) is up 18 per cent, with shares trading for C$0.445 and a market cap of $10 million
Great Thunder Gold Corp (TSXV:GTG) has begun exploration at Fenelon Gold Camp, an area in Quebec known for high-grade assays.
The junior Canadian mining company has outlined phase one of its exploration program at Fenelon.
Initial exploration work will include ground geological sampling, mapping and airborne deep VTEM surveys on the Northbound, Northbound Extension and Southern Star projects along with airborne geophysics.
The program is the outcome of months of discussion between Great Thunder and service providers to finally commence exploration. Chief Executive of Great Thunder, Rich Macey, described the company’s next moves as exciting.
“With cash already in the treasury, we are excited to get our team onto the projects as soon as possible to commence the first exploration program.
“The Fenelon Gold Camp has been an attractive mineralised camp as Wallbridge Mining, Balmoral Resources and others have been successful in discovering high-grade gold in drill intercepts,” he said.
The company is currently waiting to acquire a third claim close to Wallbridge Mining’s Fenelon Gold deposit and Balmoral Resource’s project holdings.
Meanwhile, Great Thunder’s plans to find gold bolstered yesterday by Balmoral Resource’s new gold discovery on its own Fenelon site named Reaper, intersected at a shallow depth.
Balmoral intercepted 308 grams per tonne of gold over 2.97 metres. Within this assay was a higher-grade of 858 grams per tonne of gold over 1.06 metres, as part of a broader mineralised zone grading of 307.89 grams per tonne of gold.
Great Thunder Gold Corp (GTG) is trading up 18 per cent at $0.445 per share at 1:57 pm EDT.