Thunder Mountain Gold Advances South Mountain Project with US$620,000 Funding

Thunder Mountain Gold, Inc. (THMG) has secured US$620,000 (CAD$868,000) through a non-brokered private placement, earmarking the funds for exploration and development at its South Mountain Project in Idaho and Trout Creek Project in Nevada. This strategic investment will enable the company to advance its flagship asset, the South Mountain Mine, and enhance its value.

The South Mountain Project, a historic former Anaconda Mining development, is located on private land in Owyhee County, Idaho. The project boasts a rich history of mineralization, with deposits of zinc, silver, gold, lead, and copper. THMG's focus on this project aligns with its long-term goal of developing a sustainable and profitable mining operation.

The funds raised will be allocated to various exploration activities, including drilling and geophysical surveys. These initiatives aim to better understand the mineralization and resource potential of the South Mountain Project. By gathering comprehensive data, THMG can make informed decisions about the project's future and optimize its development.



In addition to exploration, the funds will also be used to enhance the project's administrative and operational efficiency. THMG plans to invest in infrastructure and technology to streamline its operations and reduce costs. This focus on efficiency will enable the company to maximize the value of its assets and create a more sustainable mining operation.

The South Mountain Project's potential is further underscored by its proximity to existing infrastructure and markets. The project is located near major transportation routes, making it easier and more cost-effective to transport minerals to processing facilities and markets. This strategic location can help THMG minimize transportation costs and maximize the value of its products.

Thunder Mountain Gold's commitment to advancing the South Mountain Project demonstrates its confidence in the project's potential. By securing this funding, the company is well-positioned to capitalize on the growing demand for base and precious metals, driven by the global transition to a low-carbon economy. As the company continues to explore and develop the South Mountain Project, investors can expect to see significant progress and value creation in the coming years.