Great Thunder Gold (CSE: GTG) announced this week that it closed the acquisition of the Southern Star property in Quebec, Canada.
Southern Star is located 6.5 kilometres south of the Fenelon/Tabasco deposit held by Wallbridge Mining Company
With the addition of this 8,100-hectare land pack, Great Thunder now holds 10,677 hectares in the Fenelon Gold District.
“This new property acquisition, with encouraging gold and base metal potential, protects more than 81 square kilometres of the Brouillan-Fenelon geological group, which is made up of felsic to mafic volcano-sedimentary rocks,” the company said in a media statement.
To acquire 100% of Southern Star, Great Thunder had to pay the vendor $12,500 and issue 450,100 common shares. The property is subject to a 3% net smelter returns royalty, 2% of which can be acquired by Great Thunder at any time for $3 million.