Data Supports Model Suggesting High Grade Zinc, Silver, Copper And Gold

BOISE, ID - Thunder Mountain Gold, Inc. recently acquired induced polarization (IP) and airborne magnetic geophysical survey data, along with a copper in soils geochemical survey (Geochem) at the South Mountain Project in southwestern Idaho.

This newly acquired IP and geochemical data supports the conceptual model that suggests that the system responsible for the high-grade zinc, silver, copper, and gold mineralization in the carbonate units is driven by a copper - molybdenum porphyry beneath or adjacent to the high-grade mineralized zones. 2,300 rock chip and outcrop samples were analyzed, along with 850 soil samples from a grid covering the suspected porphyry.

With this data, the Company has also discovered that a diamond drill hole drilled by Austral Oil in the 1970s returned 500 feet of continuous anomalous molybdenum.

"We're excited to advance our exploration efforts with this IP, Aeromagnetic, and Geochem data, exposing new targets into what could be a very large system,"  said Eric T. Jones, President and CEO. "Recent review of the data suggests the potential of up to three copper and moly bearing porphyry intrusions, as suggested by Dr. Richard Sillitoe and others from previous visits to the property. We are now focused on expanding and testing these new anomalies, using confirmational Geochem and also extending the IP geophysical lines and adding Magnetotelluric (MT) coverage to look much deeper into the system. We are also looking at extending the down plunge polymetallic CRD and skarn zones that we have explored and developed underground.

Oligocene felsic intrusive host rocks are big in Idaho as evidenced by Thompson Creek in central Idaho. However, our current model at South Mountain is more analogous towards the Battle Mountain Complex and the Phoenix Deposit in northern Nevada. It is still our belief that South Mountain has the potential to be one of the lowest cost producers of silver, gold and zinc in north America, and the possible porphyry copper - molybdenum association increases the excitement associated with these recently re-discovered exploration data sets."