15:48:08 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Blue Thunder Mining Inc (2)
Symbol BLUE
Shares Issued 36,995,635
Close 2023-01-27 C$ 0.05
Market Cap C$ 1,849,782
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Blue Thunder acquires lithium project in Nevada

2023-07-20 10:24 ET - News Release

Mr. Dorian Nicol reports

BLUE THUNDER ACQUIRES LITHIUM PROJECT IN NEVADA

Blue Thunder Mining Inc. has acquired a lithium exploration project in Nevada. This is a further step in Blue's new focus on critical metals, as confirmed in the company's news release dated July 7, 2023.

The Nevada lithium project comprises 85 United States federal mineral lode claims, covering approximately 6.8 square kilometres (1,683 acres), in Esmeralda county, Nevada. The claims are owned by GGL Resource Corp. through a bare trustee, Archer Cathro Geological (U.S.) Ltd., and are part of a larger claim block that GGL is exploring for vein gold and porphyry copper-molybdenum mineralization. The Nevada lithium claims are underlain by Quaternary alluvium, which is a prospective host for lithium mineralization. The Quaternary sediments are part of a basin that locally contains thick sections of lithium-enriched claystone. The closest lithium-bearing drill holes are located about 3.8 kilometres to the north on Nevada Sunrise Metals Corp.'s Gemini property. Mineralization reported in drill holes on the Gemini property include 1,412 parts per million lithium over 439 metres, starting at 155.49 m below surface. Blue has acquired the right to explore for and develop lithium mineralization in the Quaternary alluvium in exchange for agreeing to pay the annual claim fees and a 2-per-cent net smelter return royalty payable to GGL in the event of future lithium production.

The company's chief executive officer, Dorian L. Nicol, said: "We are excited to moving quickly to add to our portfolio of prospective critical metals projects. This represents an exciting new direction for our company, and we look forward to announcing additional acquisitions in this space and to updating on exploration progress in due course. We are currently in advanced negotiations for additional lithium projects in Quebec, which we expect to be announcing shortly."

About Blue Thunder Mining Inc.

Blue Thunder is an exploration company that controls several prospective critical metals (including copper, cobalt, tungsten, gold and tin) properties in Yukon and one prospective lithium property in Nevada. The company also owns 100 per cent of a large land position near Chibougamau, Que. The Muus gold project covers approximately 51,000 hectares of prospective ground in the eastern part of the Abitibi greenstone belt. The Muus project is prospective for gold mineralization, as it is on strike from Iamgold's five-million-gold-ounce Nelligan project. Fieldwork completed during 2022 established that the northern portion of the Muus project is prospective for copper-gold volcanogenic massive sulphide mineralization.

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