Thunder Gold Corp. announced results from the first three holes of the 2023 phase one drill campaign currently underway at the Tower Mount in Gold Property, located 50-km west of Thunder Bay, ON, in the Shebandowan Greenstone Belt. Highlights: TM23-137 intersected 941.0 g/t Au over 1.50 metres with multiple sites of visible gold observed at a depth of 126.7 metres downhole within a broader interval averaging 1.81 g/t (CAPPED at 30.0 g.t Au) over 41.0 metres; TM23-137 also intersected 0.77 g/t Au over 23.0 metres and 0.83 g/t Au over 58.0 metres; TM23-138 intersected 1.26 g/t Au over 17.5 metres and 0.71 g/t over 119.0 metres; TM23-136 intersected 0.68 g/t Au over 12.0 metres and 0.75 g/t Au over 11.7 metres; The three holes establish 200 metres of mineralized strike length along a previously untested N-S corridor; All three holes terminate in mineralization; This new zone, identified by geophysics, offers over 1,000 metres of untested strike length and remains open in all directions. The underlay is a filtered version of the current working IP chargeability inversion. This data is still being interpreted and is subject to change but all changes are anticipated to be minor. The strong, linear, north-south trending finger is the primary exploration target being evaluated in the phase one drill program. This chargeable response measures 1,000 metres along strike and is more than 200 metres wide. Gold mineralization continues to be agnostic relative to rock type with gold occurring in both the alkali intrusives as well as the host volcanics. Alkalic syenites and monzonites are more prevalent approaching the main Tower Mountain Intrusive Complex. These intrusives postdate the volcanics and appear to have generated extensive micro-fracturing of the host volcanic rocks that were later flooded with fine pyrite and possible gold. Late quartz-carbonate veins with coarse visible gold are interpreted to represent the final stage of mineralization. Quality Assurance and Quality Control: Diamond drilling utilizes NQ diameter tooling. The core is received at the on-site logging facility where it is, photographed, logged for geotechnical and geological data and subjected to other physical tests including oriented core measurements and magnetic susceptibility analysis. Samples are identified, recorded, split by wet diamond saw or hydraulic splitter, and half the core is sent for assay with the remaining half stored on site. A standard sample length of 1.5 meters is employed, varying only at major lithological contacts. Certified standards and blanks are randomly inserted into the sample stream and constitute approximately 5-10% of the sample stream. Standard and blank performance is monitored with any failures evaluated and investigated to determine if said failure is a result of error during submission. Any unexplained failures are identified and the five samples preceding and following the failure are re-assayed. Standards and blanks are inserted into the re-assayed interval stream as well to monitor analytical performance. Samples are shipped to the Activation Laboratories Ltd. facility in Thunder Bay, ON where sample preparation and analyses are completed. All samples are analyzed for
gold using a 30-gram lead collection fire assay fusion with an atomic adsorption finish. All results greater than 5.0 g/t Au are re-assayed using a gravimetric analysis. All samples are also analyzed for 35- element induced coupled plasma analysis.