{"id":1192247,"date":"2020-06-25T11:17:29","date_gmt":"2020-06-25T16:17:29","guid":{"rendered":"https:\/\/www.mining.com\/?p=1027999"},"modified":"2020-06-25T11:17:29","modified_gmt":"2020-06-25T16:17:29","slug":"great-thunder-expands-fenelon-district-holdings","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1192247","title":{"rendered":"Great Thunder expands Fenelon district holdings"},"content":{"rendered":"

Great Thunder Gold has acquired an additional 42 sq. km of claims within the Fenelon gold camp in Quebec, expanding its wholly owned Southern Star project to 123 sq. km.<\/p>\n

Southern Star is about 6.5 km south of Wallbridge Mining\u2019s Fenelon gold project.<\/p>\n

Great Thunder acquired a 100% interest in this additional group of claims, which is subject to a 1.5% net smelter return royalty, for a C$14,000 payment and 300,000 of its shares. Half of the royalty may be repurchased at any time for C$500,000.<\/p>\n

At Southern Star, there are two key geophysical targets; the property covers 11 km of the Lower Detour fault extension. <\/p>\n

The company plans to complete an airborne geophysical survey over the expanded Southern Star holdings as well as over its Northbound property, north of Wallbridge\u2019s Fenelon.<\/p>\n

\u201cOur team has been very active in recent months consolidating ground in the Fenelon gold camp,\u201d Rich Macey, the company\u2019s CEO, said in a release. \u201cBecause of this timely acquisition, we have been able to scale up our geophysical survey to cover the entirety of our projects within the camp.\u201d<\/p>\n

Earlier this month, Great Thunder closed its acquisition of the 81-sq.-km original Southern Star property, which was purchased for C$12,500 and 450,100 shares, subject to a 3% net smelter return royalty.<\/p>\n

With this most recent acquisition, Great Thunder now holds a total of 148 sq. km of ground within the Fenelon gold district.<\/p>\n

Midday Thursday, Great Thunder\u2019s stock was up 5.4% on the TSXV. The company has a $11.1 million market capitalization.<\/p>\n

(This article first appeared in the <\/em>Canadian Mining Journal<\/em><\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Company has acquired an additional 42 sq. km of claims within the gold camp in Quebec.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192247"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1192247"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192247\/revisions"}],"predecessor-version":[{"id":1192248,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192247\/revisions\/1192248"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1192247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1192247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1192247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}