Thunder Mountain Gold, Inc. announced today that it has identified gold mineralization in previously unexplored land at the company’s South Mountain property in Owyhee County, Idaho. The newly identified gold significantly raises the potential for further discovery on the 868 acres of private land of the company’s South Mountain property.
The gold mineralization occurs in a multi-lithic intrusive breccia that covers an area of at least 60 acres. The breccia has sub-angular fragments of sulfidized and potassically altered quartz monzonite and silicified fragments of metasediments. It is oriented parallel to copper, zinc, silver, gold, and lead mineralization at the main South Mountain.
The company reported that anomalous gold mineralization was discovered through rock chip sampling and soil orientation surveys, and all of the 20 samples obtained have gold values ranging from 0.047 ppm to 5.81 ppm. In a 100-foot spaced soil orientation survey, 23 out of 24 samples were anomalous with gold values ranging up to 0.31 ppm. All assays were completed by ALS Chemex in Elko, Nevada.
Thunder Mountain Gold is systematically mapping and sampling the multi-lithic intrusive breccia areas to define the surface extent of the anomalous gold mineralization. Work completed by the company during 2008 demonstrated that there is a potential for deeper base metal-gold mineralization and a larger gold system surrounding the historic mine. An extensive geochemical survey over the target area is planned to be completed by fall of 2009.
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