NOT FOR DISSEMINATION OR DISTRIBUTION INTO THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES
Toronto, Ontario, December 30, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement (the “Offering”) for gross proceeds of C$1,607,500.
The Offering consisted of the sale of 18,625,000 units of the Company (each, a “Unit”) at a price of C$0.04 per Unit, and 17,250,000 flow-through units of the Company (each, a “FT Unit”) at a price of C$0.05 per FT Unit.
Each Unit comprised one common share of the Company and one common share purchase warrant offered by way of the “accredited investor” and “minimum amount investment” exemptions under National Instrument 45-106 – Prospectus Exemptions in all the provinces of Canada. Each FT Unit comprised one common share of the Company that qualifies as a “flow-through share” for the purposes of the Income Tax Act (Canada) and one warrant. Each common share purchase warrant entitles the holder thereof to purchase one common share of the Company at a price of C$0.07 for a period of 36 months from closing. The shares and warrants issued under this Offering are subject to a mandatory hold period of four months plus one day from the closing date, expiring on April 30, 2022, and the Offering remains subject to the final approval of the TSX Venture Exchange.
Directors and officers of the Company (the “Insiders”) participated in the offering and subscribed for 3,125,000 Units in the aggregate, for proceeds of $125,000, which constitute “related party transactions” within the meaning of Multilateral Instrument 61-101 respecting Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and TSX Venture Exchange Policy 5.9 – Protection of Minority Security Holders in Special Transactions. The Company did not file the material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein by the Insiders was not settled until shortly prior to the closing of the Offering, and the Company wished to close the Offering on an expedited basis for sound business reasons. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on section 5.5(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves the Insiders, is not more than 25% of the Company’s market capitalization. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves the Insiders, is not more than 25% of the Company’s market capitalization.
The net proceeds raised from the sale of the FT Units will be used by the Company to fund exploration on the Company’s Muus Gold project while incurring Canadian Exploration Expenses, that qualify as “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), to be renounced to subscribers in the Offering, effective December 31, 2021.
______________________________________________________________________________________________
“We are very encouraged by the enthusiastic support for the financing and are eminently grateful for the participation of so many of our loyal shareholders. Our Muus Gold project is among the largest land assemblages near the Chibougamau Gold District in Quebec, along the same major structural trends as IAMGOLD’s Nelligan project to the east.*
Jean Francois Metail, President
______________________________________________________________________________________________
Pursuant to a finder’s fee agreement with Red Cloud Securities Inc. (“Red Cloud”), the Company paid a commission to Red Cloud equal to 8.75% of the gross proceeds for the number of Units it placed from the sale of the Offering, payable in the form of 1,863,750 common shares of the Company, valued at $0.05 per common share. In addition, the Company issued to Red Cloud 1,596,000 finder’s warrants to acquire that number of Units equal to 7.0% of the aggregate number of Units and FT Units sold to identified parties, exercisable at any time from the closing date to the day prior to the date that is 36 months following closing. A cash commission equal to 1% was also paid to PI Financial Corp. for the number of Units it placed.
The following table sets out the principal purposes, using approximate amounts, for which the Company currently intends to use the net proceeds of the Offering:
| USE OF PROCEEDS | Estimated Costs |
| Corporate Expenditures | |
| Management and consulting fees | $150,000 |
| General and administrative | $200,000 |
| Professional fees | $275,000 |
| Regulatory fees | $30,000 |
| Various and unallocated | $90,000 |
| Total Projected Corporate Expenditures | $745,000 |
| Project Expenditures | |
| Drilling and/or to be defined | $310,000 |
| Artificial intelligence and machine learning | $175,000 |
| Geophysical work | $175,000 |
| Geochemistry work | $125,000 |
| Mapping, trenching, and other field work | $77,500 |
| Total Projected (Flow-Through) Expenditures | $862,500 |
| Grand Total | $1,607,500 |
*[see press release IAMGOLD:IMG – December 16, 2021 – Assay Results].
Qualified Person
The scientific and technical information in this news release was reviewed and approved by John Langton (M.Sc., P.Geo.) of JPL GeoServices Inc., who is independent of Blue Thunder and is a Qualified Person as defined by National Instrument 43-101.
About Blue Thunder
Blue Thunder (TSXV:BLUE, OTCQB:BLTMF) is a gold exploration company that controls 100% of one of the largest land positions near the Chapais-Chibougamau gold district of Quebec, a historic camp with significant historical production and major recent discoveries. The Muus Gold project is underlain by the two major regional trends hosting IAMGOLD’s Nelligan and Northern Superior Resources’ Lac Surprise projects to the south and IAMGOLD’s Monster Lake project to the north, with excellent highway and road access. The Muus Gold project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt and is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault-sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious and base metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, Toronto, Ontario, M5H 2Y4
(647) 848-1009
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploration thereof.
NOT FOR DISSEMINATION OR DISTRIBUTION INTO THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES
Toronto, Ontario, December 01, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to C$1,000,000 from the sale of the following:
Red Cloud Securities Inc. will be acting as a finder on behalf of the Company in relation to the Offering.
Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant (each, a “Warrant”). Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” that will be used by the Company to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures” as such terms are defined in the Income Tax Act (Canada) (each, a “FT Share”) and one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.07 for a period of 36 months following the closing date of the Offering (the “Closing Date”).
The Offered Securities will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under National Instrument 45-106 – Prospectus Exemptions in all the provinces of Canada, and the Units may be sold to offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (collectively, the “Selling Jurisdictions”). The Unit Shares, FT Shares and Warrant Shares will be subject to a four-month hold period in Canada following the Closing Date (as defined herein).
The Company is relying on the temporary relief measures announced by the TSX Venture Exchange (“TSXVE”) on April 8, 2020 and June 17, 2021 (the “Temporary Relief”) in offering the Units at a price that is less than $0.05.
Pursuant to the Temporary Relief, the Issuer will not issue more than 100% of its issued and outstanding Common Shares pursuant to the Offering. All securities issued under the Temporary Relief will be subject to a TSXVE hold period in addition to the restricted period under applicable securities laws and will be legended accordingly.
In connection with the non-brokered private placement, the Company also announces that it has entered into a Finder’s Fee Agreement (the “Agreement”) with Red Cloud Securities Inc. (“Red Cloud” or the “Finder”) to assist the Company in finding subscribers on a “best efforts” basis. At the Closing Date, the Company shall pay to the Finder a commission equal to 7.0% of the gross proceeds (the “Finder’s Commission”) from the sale of Offered Securities to the identified parties. The Finder’s Commission shall be payable in common shares of the Company, with the number of common shares of the Company issuable to Red Cloud equal to the total Finder’s Commission. In addition, the Company shall issue to Red Cloud Mining Capital, on the Closing Date, warrants of the Company (the “Finder’s Warrants”) exercisable at any time from the closing date to the day prior to the date that is 36 months following the Closing Date to acquire that number of Units which is equal to 7.0% of the aggregate number of Offered Securities sold to the identified parties.
The entering into the Agreement is considered to be a related party transaction under Multilateral Instrument 61-101, but is exempted from the requirements to obtain a formal valuation and to obtain minority approval, as the consideration payable to the Finder under the Agreement does not exceed 25% of the Company’s market capitalization. The independent directors of the Company have approved the Agreement. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101.
The proceeds from the Unit Offering will be used by the Company as set out in the Use of Proceeds table below, assuming the raising of either (i) the Minimum Proceeds and (ii) the FT Units. The Offering of Units will only close if the Minimum Proceeds are raised. If more than the Minimum Proceeds from the sale of Units are raised, all additional funds up to the Maximum Proceeds will be used as hereunder set out.
USE OF PROCEEDS OF UNIT OFFERING
| Minimum Offering* | Maximum Offering* | |
| 7 months | 9 months | |
| CORPORATE EXPENSES | (Dec. 2021 – June 2022) | (Dec. 2021 – Aug 2022) |
| Management fees & consulting (CEO & CFO) | $100,000 | $125,000 |
| Office and General | $160,000 | $180,000 |
| Professional fees | $150,000 | $170,000 |
| Regulatory Fees | $25,000 | $25,000 |
| Unallocated | $65,000 | $0 |
| Total Corporate Expenses | $500,000 | $500,000 |
| PROJECT EXPENDITURES | ||
| Drilling | $0 | $500,000 |
| Artificial intelligence and machine learning | $175,000 | $175,000 |
| Geophysical work | $175,000 | $175,000 |
| Geochemistry work | $75,000 | $75,000 |
| Mapping, trenching and other field work | $75,000 | $75,000 |
| Total Project Expenditures | $500,000 | $1,000,000 |
| Grand Total | $1,000,000 | $1,500,000 |
*Although the Company intends to use the proceeds of the Unit Offering as described above, the actual allocation of net proceeds may vary, depending on actual cost of field activities, future results, or unforeseen events
Certain insiders of the Company may participate in the Offering; however, the total participation by insiders is not expected to exceed 25% of the Offering.
Closing of the Offering is scheduled to occur on or about December 14, 2021 and is subject to the approval of the TSXVE and other customary closing conditions. There can be no assurances that the Offering will be completed on the terms set out herein, or at all, or that the proceeds of the Offering will be sufficient for the uses of proceeds as set out above.
Blue Thunder (TSXV:BLUE, OTCQB:BLTMF) is a gold exploration company that controls 100% of one of the largest land positions near the Chapais-Chibougamau gold district of Quebec with significant historical production and major recent discoveries. The project is situated on the two major regional trends hosting IAMGOLD’s Nelligan and Northern Superior Resources Lac Surprise to the south and IAMGOLD’s Monster Lake to the north with excellent highway and road access. The Muus Project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault-sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious- and base-metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2100, P.O. Box 55, Toronto, Ontario, M5H 2Y4
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof
Document comparison by Workshare Compare on November-26-21 9:25:16 AM
| Input: | |
| Document 1 ID | iManage://WORK_EAST/CANADA_EAST/115246096/1 |
| Description | #115246096v1<CANADA_EAST> – BLUE – PressRelease announcing placement |
| Document 2 ID | iManage://WORK_EAST/CANADA_EAST/115246096/2 |
| Description | #115246096v2<CANADA_EAST> – BLUE – PressRelease announcing placement |
| Rendering set | Standard |
Toronto, Ontario, September 8, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to confirm that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States. The company’s common shares trade on the OTCQB under the ticker symbol BLTMF.
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be “DTC eligible”. DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company’s common shares in the United States.
Jean Francois Metail, President of Blue Thunder commented, ” We are very pleased to have obtained DTC eligibility. With our shares traded electronically, investors will benefit from the accelerated settlement process and trading over a wider selection of brokerage firms in the U.S., a critical step in broadening our investor base throughout North America.”
About Blue Thunder
Blue Thunder (TSXV:BLUE, OTCQB:BLTMF) is a gold exploration company that controls 100% of one of the largest land positions near the Chapais-Chibougamau gold district of Quebec with significant historical production and major recent discoveries. The project is situated on the two major regional trends hosting IamGold’s Nelligan and Northern Superior Resources Lac Surprise to the south and IamGold’s Monster Lake to the north with excellent highway and road access. The Muus Project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.
This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, August 19, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to provide an update on exploration activities at its 100%-controlled Muus Project, in the Chibougamau Gold District of Québec.
HIGHLIGHTS:
Jean Francois Metail, President of Blue Thunder commented, “We have an extensive range of activities underway across the Company’s vast property holdings that are progressing on budget and with encouraging early indications. Of note, preliminary results received from IOS show several till anomalies over parts of the Muus property that have seen very little historic exploration. These data will be combined with our new property-scale 3D models to prioritize and vector-in to prospective targets. In addition, we are expecting results from our 2021 drilling and channel-sampling programs, which included three step-out drill holes at the Discovery Zone target at Muus. It’s the first time that such a property-wide approach has been employed to explore under glacial cover on Blue Thunder’s global holdings.”
Spring-Summer 2021 Drilling Program:
Therecently completed drilling program included 2,522 metres in 12 holes that tested exploration targets at the Muus and Fancamp properties. At Muus, the drilling program included three step-out holes totalling 665 metres that tested projected extensions to the mineralization intersected in hole MUUS20-01 at the Discovery Zone, which returned 0.84 g/t Au over 6.0 metres (from 14.5-20.5 metres down-hole), including 1.20 g/t gold over 3.7 metres and 3.42 g/t gold over 0.6 metres, within silicified meta-sedimentary rock, hosting quartz veinlets and veins with trace to 2% pyrite (see March 4, 2021 Blue Thunder news release).
Targets over the 2020 Tectonic IP Grid, the Fancamp Vein Corridor and the Guercheville Deformation Zone were also tested by Blue Thunder’s 2021 spring-summer drilling program. Analytical results will be released once they have been received and evaluated.
Till and Soil Sampling Program
Field crews from IOS have completed extensive till sampling on the Muus Property. The IOS gold-in-till approach has recently played an important role in numerous gold discoveries underlying glacial cover in the Abitibi and at other gold districts in Canada. In all, 183 till samples were collected from prospective zones south of the Guercheville Deformation Zone and down-ice from the Lac Des Vents felsic volcanic complex. Preliminary results from IOS have identified a number of gold-in-till grain-count anomalies. A total of 3,173 B-horizon soil samples were collected over selected target areas including the Discovery Zone (Muus Property), the Fancamp Vein Corridor (Fancamp Property) and north of the Philibert-Joe Mann Deformation Zone in the southwestern part of the Muus East property. The soil sampling campaign is on-going.
Analytical results from the till and soil sampling program will be released once they have been received and evaluated. These data will be incorporated into the Company’s evolving 3D models into which multiple layers of data are being integrated to generate a property-wide structural and geological framework. The aim of this modelling work is to identify and prioritize prospective zones of mineralization across the Company’s vast property holdings.
Stripping and Channel-Sampling Program
At the Muus and Fancamp properties, an excavator-based stripping, mapping and channel-sampling program is in progress. Its objective is to better characterize the structural controls on gold distribution at the selected target areas. At the Fancamp Property, channel sampling is in progress at six (6) trenches over the C- and F-zones that have been excavated and washed. At the Muus Property, two trenches have thus far been exposed at the Discovery Zone, in the vicinity of hole MUUS20-01. Previously stripped areas at the WELB prospect, within the Lac Des Vents felsic volcanic complex, have also been washed and channel-sampled. The WELB prospect underlies the north-central part of the Muus Property and is prospective for both precious- and base-metal mineralization.
About the Muus Property
Blue Thunder’s Muus Gold project (the “Project”) is among the largest aggregate claim holding in the Chibougamau Gold District (the “District”), comprising more than 51,000 hectares in five non-contiguous claim blocks (Muus, Fancamp, Muus East, Nisk and Embry properties). The Project is strategically located in the eastern part of the Archean Abitibi Greenstone Belt and underlain by several key regional structures, including the Guercheville Deformation Zone, the Fancamp Deformation Zone and the Philibert-Joe Mann Deformation Zone. These major structural discontinuities are associated with many of the known gold deposits and occurrences in the District, including the recently discovered Nelligan and Monster Lake deposits, which underlie properties adjacent to and along strike from some of Blue Thunder’s properties. The Project is host to numerous underexplored mineralized occurrences, some currently being further explored. Mineralization underlying adjacent and/or nearby properties is not necessarily indicative of mineralization at the Company’s properties.
QAQC and Qualified Person
The scientific and technical information that forms the basis for part of this news release was reviewed and approved by John Langton (M.Sc., P.Geo.) of JPL GeoServices Inc., who is independent of Blue Thunder and is a Qualified Person as defined by National Instrument 43-101.
COVID-19
In conformity with guidelines proposed by the Québec government’s Commission des norms, de l’equité, de la santé et de la sécurité du travail, the Company has implemented a strict COVID-19 management plan that complies with provincial government directives and guidelines with the main objective to safeguard the health and safety of its workers, stakeholders and local community members in light of the COVID-19 pandemic.
About Blue Thunder
Blue Thunder (TSXV:BLUE, OTCQB:BLTMF) is a gold exploration company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, August 19, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to provide an update on exploration activities at its 100%-controlled Muus Project, in the Chibougamau Gold District of Québec.
HIGHLIGHTS:
Jean Francois Metail, President of Blue Thunder commented, “We have an extensive range of activities underway across the Company’s vast property holdings that are progressing on budget and with encouraging early indications. Of note, preliminary results received from IOS show several till anomalies over parts of the Muus property that have seen very little historic exploration. These data will be combined with our new property-scale 3D models to prioritize and vector-in to prospective targets. In addition, we are expecting results from our 2021 drilling and channel-sampling programs, which included three step-out drill holes at the Discovery Zone target at Muus. It’s the first time that such a property-wide approach has been employed to explore under glacial cover on Blue Thunder’s global holdings.”
Spring-Summer 2021 Drilling Program:
Therecently completed drilling program included 2,522 metres in 12 holes that tested exploration targets at the Muus and Fancamp properties. At Muus, the drilling program included three step-out holes totalling 665 metres that tested projected extensions to the mineralization intersected in hole MUUS20-01 at the Discovery Zone, which returned 0.84 g/t Au over 6.0 metres (from 14.5-20.5 metres down-hole), including 1.20 g/t gold over 3.7 metres and 3.42 g/t gold over 0.6 metres, within silicified meta-sedimentary rock, hosting quartz veinlets and veins with trace to 2% pyrite (see March 4, 2021 Blue Thunder news release).
Targets over the 2020 Tectonic IP Grid, the Fancamp Vein Corridor and the Guercheville Deformation Zone were also tested by Blue Thunder’s 2021 spring-summer drilling program. Analytical results will be released once they have been received and evaluated.
Till and Soil Sampling Program
Field crews from IOS have completed extensive till sampling on the Muus Property. The IOS gold-in-till approach has recently played an important role in numerous gold discoveries underlying glacial cover in the Abitibi and at other gold districts in Canada. In all, 183 till samples were collected from prospective zones south of the Guercheville Deformation Zone and down-ice from the Lac Des Vents felsic volcanic complex. Preliminary results from IOS have identified a number of gold-in-till grain-count anomalies. A total of 3,173 B-horizon soil samples were collected over selected target areas including the Discovery Zone (Muus Property), the Fancamp Vein Corridor (Fancamp Property) and north of the Philibert-Joe Mann Deformation Zone in the southwestern part of the Muus East property. The soil sampling campaign is on-going.
Analytical results from the till and soil sampling program will be released once they have been received and evaluated. These data will be incorporated into the Company’s evolving 3D models into which multiple layers of data are being integrated to generate a property-wide structural and geological framework. The aim of this modelling work is to identify and prioritize prospective zones of mineralization across the Company’s vast property holdings.
Stripping and Channel-Sampling Program
At the Muus and Fancamp properties, an excavator-based stripping, mapping and channel-sampling program is in progress. Its objective is to better characterize the structural controls on gold distribution at the selected target areas. At the Fancamp Property, channel sampling is in progress at six (6) trenches over the C- and F-zones that have been excavated and washed. At the Muus Property, two trenches have thus far been exposed at the Discovery Zone, in the vicinity of hole MUUS20-01. Previously stripped areas at the WELB prospect, within the Lac Des Vents felsic volcanic complex, have also been washed and channel-sampled. The WELB prospect underlies the north-central part of the Muus Property and is prospective for both precious- and base-metal mineralization.
About the Muus Property
Blue Thunder’s Muus Gold project (the “Project”) is among the largest aggregate claim holding in the Chibougamau Gold District (the “District”), comprising more than 51,000 hectares in five non-contiguous claim blocks (Muus, Fancamp, Muus East, Nisk and Embry properties). The Project is strategically located in the eastern part of the Archean Abitibi Greenstone Belt and underlain by several key regional structures, including the Guercheville Deformation Zone, the Fancamp Deformation Zone and the Philibert-Joe Mann Deformation Zone. These major structural discontinuities are associated with many of the known gold deposits and occurrences in the District, including the recently discovered Nelligan and Monster Lake deposits, which underlie properties adjacent to and along strike from some of Blue Thunder’s properties. The Project is host to numerous underexplored mineralized occurrences, some currently being further explored. Mineralization underlying adjacent and/or nearby properties is not necessarily indicative of mineralization at the Company’s properties.
QAQC and Qualified Person
The scientific and technical information that forms the basis for part of this news release was reviewed and approved by John Langton (M.Sc., P.Geo.) of JPL GeoServices Inc., who is independent of Blue Thunder and is a Qualified Person as defined by National Instrument 43-101.
COVID-19
In conformity with guidelines proposed by the Québec government’s Commission des norms, de l’equité, de la santé et de la sécurité du travail, the Company has implemented a strict COVID-19 management plan that complies with provincial government directives and guidelines with the main objective to safeguard the health and safety of its workers, stakeholders and local community members in light of the COVID-19 pandemic.
About Blue Thunder
Blue Thunder (TSXV:BLUE, OTCQB:BLTMF) is a gold exploration company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 51,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Toronto, Ontario, June 8, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to announce that Mr. Jean François Métail has been appointed President of Blue Thunder.
Mr. Métail held increasing responsibilities with Detour Gold Corp. from 2012 to 2017, serving as Vice President of Exploration and Mineral Resources Management, and with Barrick Gold Corporation as Director and Senior Geologist and reserve strategist in Quebec, Chile, Arizona and Ontario from 1999 to 2012. Prior to that he was Project Geologist for Placer Dome Canada Ltd. He holds a B.Sc. from the Université de Montréal, with a major degree in Geology, and a Citation Program certificate in Geostatistics from the University of Alberta.
Chad Williams, Executive Chairman commented, “Jean François has lost no time demonstrating his considerable leadership skills since he first joined Blue Thunder earlier in May. His experience as a senior geologist among the ranks of the leading gold mid-tiers and majors will be integral to the successful development of the Muus Project and the Company’s rapid growth.”
The Company’s Board of Directors has approved the grant of stock options to Mr. Métail for the purchase of up to 500,000 common shares in the capital of the Company at an exercise price of $0.05 per share. The grant is pursuant and subject to the terms and conditions of the Company’s existing stock option plan for a period of five years from the date of grant and is subject to the approval of the TSX Venture Exchange and all regulatory approvals.
About Blue Thunder
Blue Thunder is a gold-focused company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 52,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Toronto, Ontario, June 10, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to announce the appointment of Mr. Jean-Patrick (JP) Lariviere to the Company’s Board of Directors effective immediately.
“We are very happy to welcome Jean-Patrick Lariviere to Blue Thunder’s Board of Directors,” commented Chad Williams. “JP’s extensive knowledge of global capital markets — with a focus on Quebec — provides a most valuable addition to our Board. He is strongly connected and is a dynamic entrepreneur that is well-respected, particularly in the financial community. His banking and strategic finance experience is an ideal complement to our team as we focus on building value and momentum with our strategic gold assets”.
Jean-Patrick Lariviere brings more than 20 years in banking, investment banking and corporate finance experience. He has led a successful career as an investment banker and was Managing Partner of the Canadian operations of Oaklins Investment Bank, a global firm focused on mid-market corporate finance mergers and acquisitions. Prior to his work with Oaklins, he was a banker with UBS and Landsbankinn where he oversaw the Canadian operations for various structured products. He is currently President of Sekurcorp, a North American private equity fund focussed on acquiring and managing defensive security services and equipment companies.
The Company also announces that Ms. Elaine Ellingham has resigned from the Board.
“Elaine was involved in Blue Thunder from the very beginning. She has been an extremely valuable Board member especially regarding capital markets, corporate governance, and geology. We were extremely lucky to benefit from her expertise especially through our go-public process. She will continue to assist BLUE as an advisor,” said Chad Williams, Executive Chairman and Director of Blue Thunder.
About Blue Thunder
Blue Thunder is a gold-focused growth company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 52,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Toronto, Ontario, June 2, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) announces that it has granted 250,000 stock options to Mr. Jean François Métail, newly appointed as Senior Technical Advisor, to acquire common shares in the capital of the Company. The options have an exercise price of $0.055 per share, have a five-year term from the date of grant and vest as to one-half on the date of grant and one-half on the 6-month anniversary therefrom.
Mr. Métail will lead the development and growth of Blue Thunder and the Muus Project going forward.
Mr. Chad Williams will step down as Interim CEO and remains Executive Chairman and Director of the Company.
About Blue Thunder
Blue Thunder is a gold-focused company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 52,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Toronto, Ontario, May 26, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to announce the commencement of its 2021 field program, including drilling, on the 100%-owned Muus Project, situated in the Chibougamau Gold District, Quebec. The program follows up on encouraging results reported in late 2020 (see January 21, 2021 news release).
“2021 promises to be a very exciting year for Blue Thunder: our exploration momentum has grown steadily since we aggregated, through staking and acquisition, our large and strategically situated land package of approximately 52,000 hectares (ha) (approximately 130,000 acres). This is the largest aggregate claim block in an extremely exciting area for mineral exploration. In late 2020 we released encouraging drilling results from both the Fancamp property and a new gold-mineralized zone (the “Discovery Zone”) on the Muus property. Also, the recent addition of Mr. Jean Francois Metail to our team has sparked new thinking and energy into our efforts. We have many reasons to be optimistic that we will make a significant discovery in 2021” said Chad Williams, Executive Chairman and Interim CEO.
2021 HIGHLIGHTS
2021 Till and Soil Geochemical Program
Blue Thunder has retained IOS Services Géoscientifiques Inc. (“IOS”) to complete a till sampling program across the Company’s Muus property. A total of 175 till samples will be collected and processed for gold grain content by IOS using their proprietary automated analysis technique. The IOS gold-in-till approach has been successfully deployed in other gold districts in the Abitibi region of Québec and other gold districts across Canada and it played an important role in numerous discoveries such as Kenorland Minerals Ltd’s recent discovery in the Frotet-Evans Greenstone Belt located north of Muus. Results from the IOS till survey are expected by mid-summer.
The company has also commenced a soil sampling program at its Fancamp and Muus properties, on select target areas. The first phase of the soil-sampling program is designed to collect approximately 3,000 samples.
Ongoing 3-D Modeling and Target Generation
Results from the 2021 till- and soil-geochemical programs will be used to augment the ongoing property-scale 3-D modeling work being carried out for the Muus Project, in which multiple layers of data are being integrated to generate a property-wide structural and geological framework.
This 3-D model will be used to identify prospective zones associated with the key regional structures that transect the Muus Project, namely the Guercheville Deformation Zone, the Fancamp Deformation Zone and the Philibert-Joe Mann Deformation Zone.
These deformation zones are associated with many of the known gold deposits and occurrences in the District, including the recently discovered Nelligan[1] and Monster[2] Lake gold deposits, which occur on adjacent properties and on strike with Blue Thunder claims.
Vanstar Mining Resources Inc. recently announced that its joint-venture partner Iamgold Corporation (“Iamgold”) (Iamgold 75%, Vanstar 25%) is expected to begin a 9,000 to 10,000 metre diamond-drilling campaign at Nelligan. Interestingly, approximately half of this drilling budget appears to be dedicated to step-outs to the west of the Nelligan deposit in the direction of the Muus Property.
2021 Drilling Program
The Company has budgeted 2,600 metres of Phase 1 diamond-drilling for the 2021 field program. A number of targets will be tested on the Muus property targeting “Nelligan-style” sedimentary-hosted gold mineralization, including extensions of hole MUUS20-01 in the Discovery Zone and Induced Polarization anomalies identified over the Tectonic Grid.
QAQC and Qualified Person
The scientific and technical information that forms the basis for parts of this press release was reviewed and approved by John Langton (M.Sc., P.Geo.), who is a Qualified Person as defined by National Instrument 43-101.
COVID-19
On February 22, 2021, the government of Québec down-graded the “Nord-du-Québec” region, in which the Company’s Muus Project occurs, from Level 4 (Red) to Level 3 (Orange), which was recently followed by a further downgrade to Level 2 (Yellow) on March 26, 2021. The Company continues to monitor developments related to the COVID-19 pandemic very closely.
In conformity with guidelines proposed by the Québec government’s “Commission des normes, de l’équité, de la santé et de la sécurité du travail” (CNESST) the Company has implemented a strict COVID-19 management plan that complies with provincial government directives and guidelines with the main objective to safeguard the health and safety of our workers, stakeholders and local community members in light of the COVID-19 pandemic.
Director Resignation
Rob Cinits has tendered his resignation as a Board member of the Company.
About Blue Thunder
Blue Thunder (TSXV:BLUE, OTCQB:BLTMF) is a gold exploration company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 52,000 ha in five non-contiguous claim blocks in the eastern part of the Abitibi Greenstone Belt, referred to as the Muus, Muus East, Fancamp, Nisk and Embry properties. The Project is considered particularly prospective for gold and base metal mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Interim CEO
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
[1] Inferred Resource of 97 Mt at 1.0 g/t Au, NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources
[2] Inferred Resource of 1.1 Mt at 12 g/t Au, Monster Lake NI 43-101 Technical Report, Apr 9, 2018, Prepared for Iamgold Corp and Tomagold Corp.
Toronto, Ontario, May 4, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to announce that Mr. Jean François Métail has become Senior Technical Advisor to the Company.
Mr. Métail held increasing responsibilities with Detour Gold Corp. from 2012 to 2017, serving as Vice President of Exploration and Mineral Resources Management, and with Barrick Gold Corporation as Director and Senior Geologist and reserve strategist in Quebec, Chile, Arizona and Ontario from 1999 to 2012. Prior to that he was Project Geologist for Placer Dome Canada Ltd. He holds a B.Sc. from the Université de Montréal, with a major degree in Geology, and a Citation Program in Geostatistics from the University of Alberta.
Robert Cinits has stepped down from his position as President and CEO. Chad Williams, Executive Chairman and Director of Blue Thunder, has been appointed by the Board of Directors to serve as Interim CEO. The resignation and interim appointments will take effect immediately.
Chad Williams commented, “We are excited to have Jean François join the team to lead the development and growth of Blue Thunder and the Muus Project going forward. Jean François has a proven track record for building shareholder value and his experience is a key compliment to Blue Thunder’s board and management. On behalf of the Board, we express our sincerest gratitude to Robert Cinits for his dedication to the Company and wish him every success ahead.”
About Blue Thunder
Blue Thunder is a gold-focused company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 52,000 hectares in five separate blocks of prospective ground in the eastern part of the Abitibi Greenstone Belt. The Project is considered particularly prospective for gold mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Chad Williams, Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Toronto, Ontario, May 3, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to announce results of a 10.5 line-kilometre induced polarization (IP) survey recently completed over the Tectonic Grid on its Muus Property, targeting “Nelligan-style” sedimentary-hosted gold mineralization in the Chibougamau Gold District.
HIGHLIGHTS:
“We are very pleased with the results of the recent IP survey over the Tectonic claims that has identified a number of laterally extensive IP chargeability anomalies within the GDZ Target Area. This area is one of our main exploration priorities, as we look for potential northwest extensions of the Nelligan gold deposit on the Company’s flagship Muus Property. This area has seen very little historical exploration and no previous drilling and initially attracted our interest due to a prominent east-west trending magnetic high anomaly detected by our 2019 airborne magnetic survey. The Company is actively preparing for its 2021 field program, which is scheduled to commence in May and will evaluate this new target area in more detail, including diamond drilling. We are also excited about the four additional claims that we recently acquired. These claims further consolidate this exciting target area and are located just a few kilometres to the west-northwest of the IP survey”
Robert Cinits, President and CEO
Overview of IP Survey and Results on the Tectonic Grid
During February 2021, Blue Thunder commissioned Geosig Inc. of Quebec City (Quebec) to complete a 10.5 line-kilometre IP survey within a block of forty-seven (47) claims optioned from Ressources Tectonic Inc. in February 2019, in which the Company has an option to earn a 100% interest[2] (Figure 1). The objective of the IP survey was to identify new conductors, potentially associated with gold and/or base metal sulphide mineralization.
The survey used a dipole-dipole array and comprised of eleven (11) north-south oriented lines, spaced 200 metres apart (Figure 2), centred over a prominent, east-west trending magnetic high anomaly hosted within Caopatina Formation metasedimentary rocks. The magnetic anomaly trends east-west for approximately 2.7 kilometres within the Muus Property (Figure 3) and was highlighted by the Company as a target area of interest. The magnetic anomaly may indicate iron formation horizon(s) within the metasedimentary rocks that could serve as a geochemical trap for gold mineralization, or reflect magnetite-rich mafic/ultramafic intrusions, which could have served as a local heat-source driving the circulation of potentially gold-bearing hydrothermal fluids. The areas surrounding the magnetic high anomaly is generally of lower magnetic intensity, possibly indicative of magnetic destruction related to hydrothermal alteration. Importantly, the target occurs in an area devoid of bedrock exposure and with no historic drilling.
In all, seven IP anomalies were identified, each with a roughly east-west trend and most with strong and very well-defined IP responses (Figures 2 and 3). Several of the IP anomalies remain open to the east or west. Of note, five of the seven IP anomalies (Anomalies IP-3, -4, -5, -6 and -7) are coincident with the magnetic high response and form sub-parallel, east-west segments, each ranging from approximately 175 to 1,000 metres. Breaks and offsets in the continuity of these segments may be caused by northeast trending faults. These IP anomalies could represent sulphide horizons potentially associated with gold mineralization and/or base metals.
In addition, the IP survey identified a discrete, very high chargeability/high resistivity response in the northwest sector of the IP grid (Anomaly IP-1) that is coincident with a zone of low magnetism. Such a geophysical signature may be attributable to the pressence of disseminated sulphides producing a high chargeability response within a zone of silicification (associated with magnetite destruction and high resistivity signatures). Finally, a moderately strong IP response, identified in the northeast sector of the grid, extends for 200 metres towards the northeast and remains open in that direction.
As part of its upcoming 2021 field season, Blue Thunder intends to test selected IP anomalies with diamond drilling and will further evaluate the area as part of a regional till sampling survey, which may include follow-up trenching and channel sampling. Based on results, prospective targets will be further evaluated and potentially drill tested later this year.
Acquisition of New Claims
On April 26, 2021 the Company acquired 100% interest in four mining claims from a private vendor (the Vendor) that are contiguous with the southwestern part of the Muus property (see Figure 1). In total, the four claims represent a land package of approximately 224 hectares, which adds to the existing 51,607 hectares currently owned by Blue Thunder in the Chibougamau Gold District. In consideration for the claims, the Company will issue 200,000 common shares to the Vendor, subject to TSX-V approval, and $5,000 cash. The Vendor will also receive a 2% net smelter return (NSR) royalty, of which the Company can buy back 1% at anytime for a payment of $500,000. The shares will be subject to a 4-month hold period.
QAQC and Qualified Person
The scientific and technical information that forms the basis for parts of this press release was reviewed and approved by John Langton (P.Geo.), who is a Qualified Person (QP) as defined by National Instrument 43-101.
COVID-19
On February 22, 2021, the government of Quebec down-graded the “Nord-du-Québec” region, in which the Company’s Muus Project occurs, from Level 4 (Red) to Level 3 (Orange), which was recently followed by a further downgrade to Level 2 (Yellow) on March 26, 2021. The Company continues to monitor developments related to the COVID-19 pandemic very closely.
In conformity with guidelines proposed by the Québec government’s “Commission des norms, de l’equité, de la santé et de la sécurité du travail” (CNESST) the Company has implemented a strict COVID-19 management plan that complies with provincial government directives and guidelines with the main objective to safeguard the health and safety of our workers, stakeholders and local community members in light of the COVID-19 pandemic.
About Blue Thunder
Blue Thunder (TSXV:BLUE, OTCQB:BLTMF) is a gold exploration company that controls 100% of a large land position near Chibougamau, Québec. The Muus Project covers approximately 52,000 hectares in five non-contiguous claim blocks in the eastern part of the Abitibi Greenstone Belt, referred to as the Muus, Muus East, Fancamp, Nisk and Embry properties. The Project is considered particularly prospective for gold and base metal mineralization, as a series of prominent ductile and brittle fault‐sets transect the Property, including the Guercheville and Fancamp deformation zones, both of which are associated with numerous past and currently producing precious‐ and base‐metal mines in the District.
ON BEHALF OF THE BOARD
Robert Cinits
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, anticipated exploration program results, the ability to complete future financings, the ability to complete the required permitting, the ability to complete the exploration program and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company’s exploration program and on the Company’s general business, operations and financial condition, and other risks and uncertainties. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties. This news release contains information with respect to adjacent or similar mineral properties in the Chibougamau District in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties, are not indicative of mineral deposits on the Company’s properties or any potential exploitation thereof.
Figure 1: General geology of the Muus Property with the Location of Tectonic IP Grid and New Claims
Figure 2: Tectonic Grid – IP Chargeability Map (Dipole-Dipole, a=25, n=1)
Figure 3: Map depicting Tectonic Grid with IP Anomalies in relation to First Vertical Derivative of the Residual Magnetic Field
[1] The Nelligan deposit occurs on an adjacent property and hosts NI 43-101 Inferred Resources of 97 million tonnes grading 1.0 grams per tonne of gold, equivalent to 3.2 million ounces of gold, Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources
[2] Refer to the December 31, 2020 Year-end MD&A filed under the Company’s Sedar profile (www.sedar.com) for details on the option agreement signed between the Company and Ressources Tectonic Inc.
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View PDF NOT FOR DISSEMINATION OR DISTRIBUTION INTO THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES Toronto, Ontario, December 01, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to C$1,000,000 from the sale of
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View PDF Toronto, Ontario, June 8, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to announce that Mr. Jean François Métail has been appointed President of Blue Thunder. Mr. Métail held increasing responsibilities with Detour Gold Corp. from 2012 to 2017, serving as Vice President of Exploration and
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View PDF Toronto, Ontario, June 10, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to announce the appointment of Mr. Jean-Patrick (JP) Lariviere to the Company’s Board of Directors effective immediately. “We are very happy to welcome Jean-Patrick Lariviere to Blue Thunder’s Board of Directors,” commented Chad
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View PDF Toronto, Ontario, June 2, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) announces that it has granted 250,000 stock options to Mr. Jean François Métail, newly appointed as Senior Technical Advisor, to acquire common shares in the capital of the Company. The options have an exercise price of
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View PDF Toronto, Ontario, May 4, 2021 – Blue Thunder Mining Inc. (TSXV:BLUE, OTCQB:BLTMF) (“Blue Thunder” or “the Company”) is pleased to announce that Mr. Jean François Métail has become Senior Technical Advisor to the Company. Mr. Métail held increasing responsibilities with Detour Gold Corp. from 2012 to 2017, serving as Vice President of
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