Thunder Energies reports value of Nevada mineral property

ATLANTA, January 12, 2023 (GLOBE NEWSWIRE) — via InvestorWire — THUNDER ENERGY CORPORATION (OTCBB: TNRG) reports the fair market value assessment issued for the commitment of Lane A. Griffina professional geologist, to assess the reserves of gold and other valuable minerals present in thunder energiesSnowfall Mining property.

Valuation is based on your visits to the 3,200 acre parcel in the northeast Snowfall, nearby mining activity and reports, as well as independently examined rock sample results collected by Griffin. american Essay, sparks, snowfallperformed the rock analysis for Griffin.

Griffin puts the value of the property at $33 million. thunder energies has received a formal appraisal report from Griffin in addition to the rock sample reports prepared by American Assay.

The geologist collected seven rock samples to assess the mineral value of the property. His findings, by location, were as follows.

  • {Sample 1} Representative sample from the lower mine dump, copper and iron oxide stain in the fractures, anomalous amounts of copper, lead, zinc, antimony, bismuth and silver
  • {Sample 2} Representative sample of mine dump, iron oxide and copper stain on marble host rock, elevated amounts of copper, bismuth, otherwise moderate amount of metal enrichment
  • {Sample 3} lower mine dump, representative sample with gray quartz and marble, slightly elevated levels of all metals but not ore grade
  • {Sample 4} Phalen Mine Upper Spillway, Representative Sample, Iron Oxide and Copper Stain, Dark Brown Granite and Marble Host, ore grade mineralization, 22% lead with almost 20 oz/ton silver, 1.7% zinc and high gold and copper.
  • {Sample 5} same location as above, selected sample, metal detector used to identify sample high grade, dark brown, metallic appearance, ore grade mineralization, 4.9% lead with 7.6 oz/t silver, 1.4% zinc and elevated copper and bismuth.
  • {Sample 6} mine dump below drift 800 m south of Phalen mine, granite and meta-sediments, dark brown with quartz, anomalous amounts of copper and zinc but no overall metal concentrations
  • {Sample 7} mine dump below shaft just west of quarry marble, granite, and meta-sediments, copper and iron flecks in fracture, marble chips, anomalous amounts of all metals but elevated 1.5% copper
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The geologist also noted that the deeded water rights are sufficient to supply a substantial surface mining operation and reserves of several critical base metals. The property has various surface and underground mineral rights as well.

thunder energies entered into a partnership and joint venture agreement with Fourth and One last spring, as previously announced by the company’s management.

Griffin previously issued the following executive appraisal of the property as part of his initial commitment.

In 2013, gold mineralization was recognized on the west side of the Kinsley project in limestone and shale layers within the Hamburg Formation and secret canyon shale, units that had not previously been recognized as potential hosts of gold mineralization. Subsequent drilling in 2014 returned numerous high-grade gold intercepts within the secret canyon shale on the western flank target, including 10 holes with intercepts ranging from 6 to 20 g Au/t on core lengths of 15 to 50 meters.

Drilling between 2015 and 2020 extended portions of the Western Flank mineralization to the east. The gold in Western Flank is found within units with thin layers that are replaced by fine grained pyrite and arsenic pyrite.

The styles of alteration, mineralization and geochemistry at the Kinsley project are similar to those of sediment-hosted gold deposits located in the carlin and Cortez trends Snowfall, approximately 150 to 200 kilometers west of the project. The geological setting of mineralization at Kinsley is similar to that Long cannon deposit, located 90 kilometers north of Kinsley.

thunder energies Management initially declined to comment on the assessment, saying it speaks for itself and saying that would remain the company’s position. The company’s management intends to partner with experienced and qualified mining entities to extract mineral resources from the several thousand acres it owns.

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Property rights, as mentioned above, include surface and underground rights, and water rights, all as part of a joint venture with Fourth and One. thunder energiesAs part of its overall monetization of the property, it anticipates master planning and then acreage development of the property in addition to mineral extraction.

For more information on thunder energieshis SECOND presentations and business activities, visit: www.thunderenergiescorp.com

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic conditions on the business and the ability to attract and retain qualified personnel. The Company is not obligated to revise or update any forward-looking statement to reflect events or circumstances that may arise after the date of this release.

CONTACT

Investor Relations rick freemanmarketing director
MAJORMEDIA INC.
E: [email protected]
Telephone: 570.468.2205

Donald R. Keer, PE, Esq.
Corporate Council
Thunder Energies Corp.
3663 Green wooden circle
Chalfont, Pennsylvania 18914
215-962-9378

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