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Afgan Project Gold Rock Project Burnt Canyon Project Thunder Mountain Project Golden Eagle Project

Thunder Mountain Project

Thunder Mountain Project
Nye County, Nevada

The Thunder Mountain project is an emerging epithermal gold district located six miles southeast of the Company's Midway project, which hosts a series of high grade epithermal quartz-adularia-gold veins. In January 2008, the Company submitted a Plan of Operations to the Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection (NDEP) for an underground mining operation at Midway. Thunder Mountain will be explored while underground development proceeds at Midway. Potential future development at Thunder Mountain is expected to benefit from and complement mining at Midway.

The Thunder Mountain Project is located along a strong northwest-trending Walker Lane structural element (Rye Patch fault zone) that constitutes the southeast extension of structures associated with high-grade gold mineralization at Midway Gold Corporation's Midway Project (located 4 miles northwest of Thunder Mountain ). The structural zone at Thunder Mountain hosts several intrusive bodies that are locally altered and have altered adjacent felsic tuff beds. The volcanic and intrusive lithologies include flow-banded rhyolitic, andesitic, and dacitic rock units. Alteration assemblages include silicification, argillization, pyritization, and sericitization. (Click here or on the image above to view a larger General Geology Map - .JPG file 1,254 KB)

Fire assay results for four holes totaling 1,120 feet drilled this year have been received and include 10 feet of 0.389 ounces per ton (opt) gold within 40 feet of 0.135 opt gold in drill hole TM08-09. The true thicknesses of these intercepts are estimated to be 5.5 and 17.5 feet respectively.

These intercepts were in the Beckie vein, approximately 50 to 100 feet northwest of 2007 drill holes TM07-04, which contained 5 feet of 1.187 opt gold within 20 feet of 0.342 opt gold, and TH-27 which encountered 10 feet 1.93 opt gold in 30 feet of 0.705 gold. The 2008 drilling demonstrates that the high grade zone remains open to the northwest.

TM08-10, returned 15 feet of 0.036 opt gold with 5 feet of 7.4 opt silver at the top of the interval. Two other holes were drilled above and below the mineralized horizon and returned no significant intercepts.

See Press Releases for the latest on the Thunder Mountain Project