Toronto, Ontario, December 15, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to announce that it has completed its recent diamond-drilling program on its flagship Muus property, part of the Company’s 51,000 hectare Muus Gold Project (the “Project”), strategically located in the heart of the Chibougamau Gold District in central Québec.
Dorian L. (Dusty) Nicol, CEO of Blue Thunder stated, “We are very encouraged by the visual observations of drill core obtained by this drilling and look forward to receiving assays scheduled for January. The observed alteration and mineralization confirm the validity of the target concepts and add further credibility to our belief in the prospectivity of the Muus property. In addition to the drilling, surface geological mapping disclosed indications of potential copper-rich volcanogenic massive sulphide targets on the property, which will be followed up in 2023.”
Five holes totalling 1,251 metres were drilled from November 5th to December 3rd, 2022. From this drill core, 447 samples (including 44 QAQC samples) were taken from intervals judged visibly to be mineralized and/or hydrothermally altered. Assays are pending, with results expected in mid-January 2023.
The following summarizes the rationale for and visual observations at each hole. Significant assays will be released when available. Please refer to the Company’s News Release dated November 15, 2022 for additional plans showing target locations.
Hole MUUS22-14
This hole, about 1.5 kilometres east of the Discovery Zone, was drilled to a depth of 246 metres, targeting potential polymetallic volcanogenic massive sulphide mineralization as suggested by anomalous soil geochemistry and a geophysical Induced Polarization (IP) anomaly (coincident chargeability and conductivity). Drilling intercepted a graphitic black shale over 12 metres (from 136 to 148 metres down hole) containing 20% to 40% nodular pyrite, locally remobilized in stringers.
Hole MUUS22-15
This hole, near the Welb prospect was drilled to a length of 117 metres, targeting gold-bearing quartz veins as observed in a historical trench at the Welb gold showing. Drilling intercepted several smoky quartz veins with 1% to 4% pyrite and pyrrhotite from 17.5 to 22.3m down hole. A second mineralized interval was noted comprising mineralized chert with approximately 4% to 10% of what appears to be pyrrhotite and/or pyrite from 82.0 to 87.4m down hole.
Hole MUUS22-16
This hole at Lac Bernard was drilled to a length of 555 metres, targeting Nelligan-type metasediment-hosted gold mineralization. The drill target was defined by several IP (conductivity and chargeability) anomalies within a halo of hydrothermal alteration, as interpreted by Faure (2012; projet CONSOREM 2012-02), as well as by previous glacial till sampling which disclosed gold and arsenic anomalies. Several intervals of up to tens of metres of altered and potentially mineralized sericite and carbonate schist were intercepted, displaying varying extents of silica and chlorite alteration with up to 1 % disseminated pyrite.
Hole MUUS22-17
This hole, also at Lac Bernard, was drilled for 228 metres, targeting Nelligan-type mineralization similar to hole MUUS22-16, targeting similar IP and geochemical anomalies, again within a halo of hydrothermal alteration, as interpreted by Faure (2012; projet CONSOREM 2012-02). Drilling intercepted several intervals of up to 9 metres in apparent thickness of graphitic mudstones containing up to 0.5% disseminated pyrite.
Hole MUUS22-18
This hole, also at Lake Bernard, was drilled for 108 metres of a planned 270 metres. The hole was abandoned due to poor drilling conditions. Like the previous Lac Bernard drillholes (MUUS22-16 and MUUS22-17), this hole targeted Nelligan-style mineralization. The target was defined by coincident IP and geochemical anomalies within a halo of hydrothermal alteration, again as interpreted by Faure (2012; projet CONSOREM 2012-02). Hydrothermal alteration and potential mineralization was intersected between 38 to 105 metres down hole, comprising sericite and carbonate schists containing up to 1% disseminated pyrite.
About the Muus Property
Blue Thunder’s Muus Gold 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. Muus comprises about 14 kilometres of strike length of the lithologic and structural package that hosts Nelligan. 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 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.
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 Gold 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 Project, 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
Dorian L. (Dusty) Nicol
CEO
Blue Thunder Mining Inc.
401 Bay Street, Suite 2100, P.O. Box 55, 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, November 16, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces details of its proposal to consolidate all of the issued and outstanding Common Shares of the Company on the basis of 1 New Common Share for every 4.7 old Common Shares (the “Consolidation”), subject to the approval of shareholders at the upcoming meeting of shareholders to take place on December 16, 2022 and TSXV approval.
With currently 173,879,487 Common Shares issued and outstanding in the share capital of the Corporation, on a post-Consolidation basis, the Company shall have approximately 36,995,636 Common Shares issued and outstanding. The purpose of the Consolidation is to adjust the number of outstanding common shares to levels that are better aligned with Blue Thunder’s valuation and scope, with the potential to provide additional trading liquidity to investors.
The Consolidation will not materially affect the percentage ownership a shareholder has in the Company nor impact on the respective voting rights and privileges. It simply increases a shareholder’s per share value proportionately through a reduction in the number of issued and outstanding shares. The name of the Company will remain unchanged after the Consolidation.
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 Muus 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 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,
Non-Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704,
P.O. Box 4, Toronto, Ontario, M5H 2Y4
For more information, please visit our website www.bluethundermining.pubco.biz, or Ms. Christina Slater, [email protected], (647) 848-1009, or [email protected]
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.
Toronto, Ontario, November 14, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to announce that it has commenced a 1,500 metre diamond-drilling program on its flagship Muus property, part of the Company’s 51,000 hectare Muus Gold Project (the “Project”), strategically located in the heart of the Chibougamau Gold District in central Québec.
Dorian L. (Dusty) Nicol, CEO of Blue Thunder stated, “We are excited that diamond drilling has started at Muus for our fall program. We have defined attractive gold and massive sulphide targets on the property and we look forward to testing these.”
About the Muus Property
Blue Thunder’s Muus Gold 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 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.
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 Gold 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 Project, 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
Dorian L. (Dusty) Nicol
CEO
Blue Thunder Mining Inc.
401 Bay Street, Suite 2100, P.O. Box 55, 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, October 19, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces that the Company has appointed Mr. Dorian L. (Dusty) Nicol to the position of CEO. Mr. Nicol has been a director of the Company since July 2022.
Chad Williams, the Company’s Non-Executive Chairman, said, “We’re happy to welcome Dusty to the CEO role at Blue Thunder. Dusty is a world class geologist with a track record of managing successful exploration and acquisition programs around the world. He and I first worked together 20 years ago acquiring the Jerritt Canyon gold mine in Nevada and I am excited to renew our professional association.”
Dusty commented, “I am very excited to be joining Blue Thunder and working with Chad and the team to create a successful exploration company. I am very enthused about the potential on the Company’s exploration ground in Chibougamau and equally excited about the aggressive M&A program the Company will be implementing.”
Dusty Nicol has a B.Sc. degree in Earth Science from M.I.T. and an M.A. degree in geology from Indiana University. Dusty has over 47 years of world-wide experience in minerals exploration and mining. He has designed and managed successful exploration programs throughout North and South America, Africa, Russia and the Former Soviet Union, and Papua New Guinea. He led the early work in Papua New Guinea which recognized the large mineralized system in the Eastern Highlands which eventually became the K92 gold deposit. He has also designed and managed generative gold exploration programs in Africa and Europe. At Jerritt Canyon, Nevada, he designed and managed the exploration program which discovered over 1.5 million ounces of gold at a discovery cost of about $18 / ounce over a 5-year period. His exploration program at the Tulkubash oxide deposit, Kyrgyzstan, added over 600,000 ounces of gold to M&I Resource in the first year, at a discovery cost of $11.40 / ounce. Dusty has also efficiently managed due diligence of mining projects at every stage of exploration, development, and production. In addition to his exploration experience, he has managed the construction, development, and operation of open pit and underground gold mines and processing plants in Nevada and Mexico.
Dusty has held senior corporate positions on several publicly listed companies. Dusty speaks six languages fluently and is a QP (NI 43-101), CP (JORC), Registered Geologist, and Chartered Geologist.
In conjunction with Mr. Nicol’s appointment as CEO, Blue Thunder’s President, Jean Francois Metail, stepped down from his executive role to pursue personal interests. The Company would like to thank Mr. Metail for his efforts on behalf of the Company and his tremendous help in guiding the Company through challenging times, particularly during the Pandemic crisis, and wishes him well in his future endeavors. Mr. Metail will remain available to the Company in an advisory role.
The Company also announces that the board of directors has granted 5,700,000 incentive stock options to directors, officers, advisors, and consultants of the Company pursuant to its stock option plan. Each Option has an exercise price of $0.05 for a period of five years from the date of grant with a range of vesting periods.
About Blue Thunder Mining
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 Muus 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 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,
Non-Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704,
P.O. Box 4, Toronto, Ontario, M5H 2Y4
For more information, please visit our website www.bluethundermining.pubco.biz, or Ms. Christina Slater, [email protected], (647) 848-1009, or [email protected]
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.
Toronto, Ontario, October 6, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to provide the results of its 2022 field season to date, including Induced Polarization (IP) and Max-Min Electromagnetic (“EM”) ground geophysical surveys and trenching activities within highly prospective target areas of the Muus Property. Several compelling drill targets have been defined following interpretation of the collected data.
Three IP and four EM surveys were completed over several target areas, followed by a field prospecting program.
Jean-François Métail, President of Blue Thunder commented: “We are very excited by the new information obtained from our recent work programs. The collected high-resolution geophysical data and excellent interpretation from our team have defined strong targets for our next drilling campaign.”
2022 Field and Exploration Activities
In 2022, the Company concentrated on its flagship Muus Property, completing IP surveys over the Guercheville, Lac Caopatina, and Lac Irène target areas (see Press Release of April 13th, 2022). In addition, EM surveys were completed over the Welb, Chinook, Muus-West, and Discovery target areas. The geophysics campaigns were followed-up with three weeks of field prospecting and sampling over these targets. Figure 1 depicts areas of 2022 field work to date.
Earlier in the year, Windfall-Geotek was retained to apply its proprietary Artificial Intelligence targeting software to the Muus Property’s geological database (see Press Release of March 20, 2022). Eight areas of interest were highlighted as high-potential targets. The Company continues to compile and re-assess historical data in light of new information gleaned from recent field activities. These continued enhancements to the Company’s integrated geological model are proving invaluable in defining areas of maximum exploration success.
2022 EM Surveys
The Welb gold showing comprises a set of 0.5-1.0 m thick east-west trending, sub-vertical quartz veins containing traces of pyrite, chalcopyrite and native copper, that crosscut ankeritized basalts and gabbros. The area has been previously exposed by trenching and has been channel-sampled.
A detailed structural interpretation of the EM survey anomaly map led to a better understanding of the internal structure of the Welb deformation zone, and provided a better understanding of the structural controls affecting the gold mineralization model.
As shown on Figure 2, the results of the EM survey can be interpreted as follow:
A spatial relationship between the moderate-conductivity zones and the presence of an east-west trending axial-plane (associated with D2 folding) intersected by a later north-east trending structure has been observed. The intersection of these 2 structural features is interpreted as a principal structural control on the mineralization at Welb. Using this new information, several drilling targets were defined for a future drilling program.
Interpretation of the EM surveys completed over the Discovery, Chinook and Muus-West grids is ongoing and expected to generate additional exploration targets.
2022 IP Surveys
The IP surveys over the Lac Bernard area show two types of geophysical targets, as follows:
Linear IP trends are coincident with several gold and arsenic anomalies defined by RC till-drilling results that following the local glacial dispersion trend. The hydrothermal alteration index (Faure, 2012) gives a good estimate of the footprint of the expected mineralization (Figure 3). Potential drilling targets at Lac Bernard are being defined.
The IP surveys completed at Lac Irène and Lac Caopatina are still being interpreted alongside with other information that has been compiled by our team to define the best targets in those areas.
2022 Follow-Up Prospecting
A short prospecting program was carried out in June 2022 to field-check geophysical and geochemical anomalies. Accessing bedrock in many of the targeted areas proved to be a challenge due to extensive and thick overburden, as well as widespread wetlands. Still, many of the samples collected show a high potential for gold and/or copper mineralization. Complete analytical results are pending.
Trenching on Lac Rane Area
Two trenches excavated in the Lac Rane area identified at least two massive sulfide (“VMS”) lenses comprising pyrite, chalcopyrite and pyrrhotite.
The geological setting of the area has characteristics of a VMS depositional environment such as an interpreted rhyolite dome and a dalmatianite unit showing strong black-chlorite and silica alteration. This type of alteration is typically observed within a few hundred metres of the core zone of some VMS deposits. Further work remains to be done on this new target.
Analytical results of collected trench samples are pending.
References
Faure, S. (2012). Réévaluation de la géologie et des modèles d’exploration pour l’or dans le segment Caopatina-Desmaraisville, sud de Chibougamau. Rapport, Projet Consorem 2012-09, 57p.
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 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
In conformity with guidelines proposed by the Québec government’s Commission des normes, de l’équité, de la santé et de la sécurité au 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, Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2100, P.O. Box 55, 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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario, September 19, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB:BLTMF) (“Blue Thunder” or the “Company”) is pleased to announce that, subject to final approval of the TSX Venture Exchange, it has successfully closed the previously announced non-brokered private placement (the “Offering”) (see Press Releases dated July 4, 2022, July 11, 2022and August 18, 2022, and issued 33,333,333 Units for total gross proceeds of $500,000.
Each Unit consists of one Common Share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share of the Company at a price of C$0.05 for a period of 3 years following the closing date of the Offering. Each Warrant is subject to an acceleration clause under certain conditions.
Chad Williams, Non-Executive Chairman and Director added, “We are very pleased to have completed this financing in the face of these challenging markets. It will provide the funding to pursue our strategic plans involving the Muus project as significant M&A activity takes place around us. It will also provide the latitude to move forward on opportunities that present exciting avenues for growth.”
The securities issued under this Offering are subject to a hold period of four months and one day from the date of issue. The proceeds of the financing will be used for general working capital purposes and certain project expenditures.
The participation by insiders of the Company in the Financing constitutes a “related party transaction” pursuant to Multilateral Instrument 61-101 “Protection of Minority Security Holders in Special Transactions” [email protected] (“MI 61-101”). 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 and minority shareholder approval requirements of MI 61-101 contained in section 5.5(b) and Section 5.7(1)(b),respectively, on the basis that the fair market value of the securities issued to Insiders pursuant to the Financing, does not exceed $2,500,000, along with the other applicable circumstances contained in section 5.7(1)(b) of MI 61-101.
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 (the “District”) with significant historical production and major recent discoveries. The Muus 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 Project covers approximately 51,000 hectares (the “Property”) 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,
Non-Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704,
P.O. Box 4, Toronto, Ontario, M5H 2Y4
For more information, please visit our website bluethundermining.pubco.biz, or contact: Ms. Christina Slater, [email protected], (647) 848-1009, or [email protected]
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.
Toronto, Ontario, August 23, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or “the Company”) announces that the Board of Directors has approved the grant of stock options to Mr. Dorian L. Nicol, Director, for the purchase of 500,000 shares in the Company exercisable at a price of $0.05 for a period of five years from August 23, 2022. The grant is pursuant and subject to the terms and conditions of the Company’s existing stock option plan and is subject to all regulatory requirements.
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, Director and Non-Executive Chair
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704, P.O. Box 4, Toronto, Ontario, M5H 2Y4
(647) 848-1009
For more information, please visit our website www.bluethundermining.pubco.biz, or Ms. Christina Slater, [email protected], (647) 848-1009, or [email protected]
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.
With respect to information pertaining to adjacent or similar mineral properties in the Chibougamau District, 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 DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario, August 18, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces that the Company has been granted an extension by the TSX Venture Exchange (the “TSXV”) to complete the previously announced non-brokered private placement (the “Offering”) of up to C$500,000, by no later than September 17, 2022.
The terms of the Offering remain unchanged from those set out in the press releases dated July 4, 2022 and July 11, 2022, comprised of a total of 33,333,333 units of the Company (each, a “Unit”) at a price of C$0.015 per Unit. Each Unit consists of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will be exercisable to purchase an additional share of the Company at a price of C$0.05 for a period of three years, subject to early acceleration under certain conditions.
Insiders will be among the significant participants. Shareholders wishing to participate in the Offering should contact the Company through Grove Issuer Services Inc. at [email protected], or indicate interest through the Sharechest connector on Blue Thunder’s website at www.bluethundermining.pubco.biz.
The Offering remains subject to the receipt of all necessary approvals, including the final approval of the TSXV. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States (“U.S.”) or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer for sale of securities in the U.S.
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 Muus 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 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,
Non-Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704,
P.O. Box 4, Toronto, Ontario, M5H 2Y4
For more information, please visit our website www.bluethundermining.pubco.biz, or Ms. Christina Slater, [email protected], (647) 848-1009, or [email protected]
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.
Toronto, Ontario, August 2, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to provide an update on exploration activities at its Muus Gold Project (the “Project”), near Chibougamau, Quebec.
Overview of 2022 Field Activities:
For a description on these projects, please refer to end of this news release
“Over the last few months we have been actively following-up on newly defined target areas on our flagship Muus Property. We are very optimistic for the potential that these targets represent and look forward to integrating data collected from recent field activities into our latest geological models, with the aim of advancing to the drilling stage”.
Jean-François Métail, President
The Company also wishes to remind investors that the previously announced non-brokered private placement of up to C$500,000 will be closing on or before August 18, 2022. Insiders will be among the significant participants. Shareholders wishing to participate in the Offering should contact the Company through Grove Issuer Services Inc. at [email protected]. (See news releases of July 11 and July 4, 2022 on the Company’s website: www.bluethundermining.pubco.biz).
The Offering remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
About the Muus Property
Blue Thunder’s Muus Gold project (the “Project”) is among the largest aggregate claim holdings in the Chibougamau Gold District (the “District”), comprising more than 51,000 hectares in five non-contiguous claim blocks; namely, the 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
All rock samples collected from the trenching, drilling and regional prospecting programs have been submitted to ALS Minerals Inc., in Val d’Or, Québec, part of the ALS Global group (“ALS”) for gold and ICP multi-element analysis (Nacera Amara & Saa Traxler, Analytical Chemists). The soil samples have been processed by the Company’s staff and the analytical signal of the soil samples has been obtained by an XRF portable analyzer and interpreted as a qualitative geochemical signal only. The soils samples have then been analysed for gold (Au) by Laboratoire Expert Inc. in Rouyn-Noranda, Québec (Joe Landers, Analytical Chemist). The till samples have been processed and analysed by IOS Services Géoscientifiques Inc. in Saguenay, Québec (Karen Gagné, Analytical Chemist). The Company follows rigorous quality assurance/quality control (QAQC) protocols for the sampling programs that include the regular insertion of standards, blanks and duplicates into the sample stream. 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.) of JPL GeoServices, who is a Qualified Person (QP) 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.
Notes:
On behalf of the Board of Directors
Blue Thunder Mining Inc.
Chad Williams
Non-Executive Chairman and Director
For more information, please visit our website at bluethundermining.pubco.biz, or contact: Ms. Christina Slater, [email protected], (647) 848-1009, or [email protected].
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario, July 11, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces that it has extended the closing of its previously announced non-brokered private placement (the “Offering”) of up to C$500,000 to August 18, 2022.
The terms of the Offering remain unchanged from those set out in the press release dated July 4, 2022 and comprise a total of 33,333,333 units of the Company (each, a “Unit”) at a price of C$0.015 per Unit, each Unit comprising one common share and one common share purchase warrant (a “Warrant”). Each Warrant will be exercisable to purchase an additional share of the Company at a price of C$0.05 for a period of three years, subject to early acceleration in certain conditions.
Insiders will be among the significant participants. Shareholders wishing to participate in the Offering should contact the Company through Grove Issuer Services Inc. at [email protected].
The Offering remains subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer for sale of securities in the United States.
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,
Non-Executive Chairman and Director
Blue Thunder Mining Inc.
401 Bay Street, Suite 2704,
P.O. Box 4, Toronto, Ontario, M5H 2Y4
For more information, please visit our website bluethundermining.pubco.biz, or contact: Ms. Namrata Malhotra: [email protected] | 416 642-1807
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.
View Toronto, Ontario, December 15, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to announce that it has completed its recent diamond-drilling program on its flagship Muus property, part of the Company’s 51,000 hectare Muus Gold Project (the “Project”), strategically located in the heart of the Chibougamau Gold District […]
Blue Thunder Completes Drilling at Muus Property Read More »
View Toronto, Ontario, November 16, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces details of its proposal to consolidate all of the issued and outstanding Common Shares of the Company on the basis of 1 New Common Share for every 4.7 old Common Shares (the “Consolidation”), subject
Blue Thunder Mining Announces Proposed Share Consolidation Read More »
View Toronto, Ontario, November 14, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to announce that it has commenced a 1,500 metre diamond-drilling program on its flagship Muus property, part of the Company’s 51,000 hectare Muus Gold Project (the “Project”), strategically located in the heart of the Chibougamau Gold
Blue Thunder Commences Drilling at Muus Gold Property Read More »
View Toronto, Ontario, October 19, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces that the Company has appointed Mr. Dorian L. (Dusty) Nicol to the position of CEO. Mr. Nicol has been a director of the Company since July 2022. Chad Williams, the Company’s Non-Executive Chairman, said,
Blue Thunder Announces Appointment of Dorian L. Nicol as CEO Read More »
View Toronto, Ontario, October 6, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to provide the results of its 2022 field season to date, including Induced Polarization (IP) and Max-Min Electromagnetic (“EM”) ground geophysical surveys and trenching activities within highly prospective target areas of the Muus Property. Several compelling drill targets have been
Blue Thunder Mining Defines Drill Targets at Muus Read More »
View NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Toronto, Ontario, September 19, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB:BLTMF) (“Blue Thunder” or the “Company”) is pleased to announce that, subject to final approval of the TSX Venture Exchange, it has successfully closed the previously announced non-brokered private placement (the “Offering”) (see Press Releases dated July 4, 2022, July 11, 2022and August 18, 2022, and issued 33,333,333 Units for
Blue Thunder Announces Closing of Non-Brokered Private Placement Read More »
View Toronto, Ontario, August 23, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or “the Company”) announces that the Board of Directors has approved the grant of stock options to Mr. Dorian L. Nicol, Director, for the purchase of 500,000 shares in the Company exercisable at a price of $0.05 for
Blue Thunder Grants Stock Options Read More »
View NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Toronto, Ontario, August 18, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces that the Company has been granted an extension by the TSX Venture Exchange (the “TSXV”) to complete the previously announced non-brokered
Blue Thunder Announces Extension of C$500,000 Financing Read More »
View Toronto, Ontario, August 2, 2022 – Blue Thunder Mining Inc. (TSXV:BLUE) (“Blue Thunder” or “the Company”) is pleased to provide an update on exploration activities at its Muus Gold Project (the “Project”), near Chibougamau, Quebec. Overview of 2022 Field Activities: GEOSIG Inc. has completed the induced polarization (IP) geophysical survey, previously announced on April
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View NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Toronto, Ontario, July 11, 2022 – Blue Thunder Mining Inc. (TSXV: BLUE, OTCQB: BLTMF) (“Blue Thunder” or the “Company”) announces that it has extended the closing of its previously announced non-brokered private placement (the “Offering”) of up to C$500,000 to
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