PRESS RELEASE
RELEASE:
01.12.23
RELEASETIME: 1645
PM LOCATION:
ATLANTA, GA
For Immediate Release
Thunder Energies
Reports Nevada Mining Property Value
ATLANTA, GA -- January 12, 2023 --
InvestorsHub NewsWire -- THUNDER ENERGIES
CORP (OTCBB:
TNRG) reports the fair market value
assessment issued by the engagement of Lane A. Griffin, a
professional geologist, to assess the reserves of gold and other
valuable minerals present at Thunder Energies' Nevada mining
property.
The valuation is based on his visits
to the 3,200 acre parcel in northeast Nevada, nearby mining
activity and reports, as well as rock sample results, independently
examined, that Griffin collected. American Assay, Sparks, Nevada,
conducted the rock analysis for Griffin.
Griffin places the value of the
property at $33 million. Thunder Energies has received a formal
valuation report from Griffin in addition to the rock sample
reports prepared by American Assay.
The geologist collected seven rock
samples to assess the value of the minerals of the property. His
findings, by location, were as follows.
-
{Sample 1}
Representative sample of lower mine
dump, copper and iron oxide stain on fractures, anomalous amounts
of copper, lead, zinc, antimony, bismuth, and silver
-
{Sample 2}
Representative sample of mine dump,
iron oxide and copper stain on marble host rock, elevated amounts
of copper, bismuth otherwise moderate amount of metal
enrichment
-
{Sample 3}
mine lower dump, representative
sample with grey quartz and marble, slightly elevated levels of all
metals but not ore grade
-
{Sample 4}
Phalen mine upper mine dump,
representative sample, iron oxide and copper stain, dark brown
granite and marble host, ore grade
mineralization, 22% lead with almost
20 oz/ton silver, 1.7% zinc and elevated gold and
copper.
-
{Sample 5}
same location as above, select
sample, metal detector was used to identify high grade sample, dark
brown, metallic appearance, ore grade
mineralization, 4.9% lead with 7.6
oz/ton silver, 1.4% zinc, and elevated copper and
bismuth.
-
{Sample 6}
mine dump below drift 800 m south of
Phalen mine, granite and meta-sediments, dark brown with quartz,
anomalous amounts of copper and zinc but no concentrations of
metals in general
-
{Sample 7}
mine dump below shaft just west of
marble quarry, granite and meta-sediments, copper and iron stain on
fracture, marble chips, anomalous amounts of all metals but
elevated copper at
1.5%
Also noted by the geologist were
deeded water rights that are sufficient to supply a substantial
surface mining operation, and reserves of various critical base
metals. The property has various surface and subsurface, mineral,
rights as well.
Thunder Energies entered into a joint
venture and partnership agreement with Fourth and One this past
spring, as previously announced by company management.
Griffin previously issued the
following executive assessment of the property as part of his
initial engagement.
In 2013, gold
mineralization was recognized on the west side of the Kinsley
project in limestone and shale beds within the Hamburg Formation
and Secret Canyon Shale, units that had not previously been
recognized as potential hosts of gold mineralization. Subsequent
drilling in 2014 returned numerous high-grade gold intercepts
within the Secret Canyon Shale at the Western Flank target,
including 10 holes with intercepts ranging from 6 to 20 g Au/t over
core lengths of 15 to 50 metres.
Drilling in 2015
through 2020 extended portions of the Western Flank mineralization
to the east. The gold at Western Flank occurs within thinly bedded
units that are replaced by fine-grained pyrite and arsenical
pyrite.
The styles of
alteration, mineralization, and geochemistry at the Kinsley project
are similar to those of sediment-hosted gold deposits located in
the Carlin and Cortez trends of Nevada, approximately 150 to 200
kilometres to the west of the project. The geological setting of
mineralization at Kinsley is similar to the Long Canyon deposit,
located 90 kilometres to the north of Kinsley.
Thunder Energies management initially
declined to comment on the assessment, noting it speaks for itself,
and stating that would continue to be the company's position.
Company management intends to partner with experienced, qualified,
mining entities to extract mineral resources from the several
thousand acres owned.
Property rights, as mentioned above,
include both surface and subsurface rights, and water rights, all
as part of a joint venture with Fourth and One. Thunder Energies,
as part of its overall monetization of the property, anticipates
master planning and then developing the surface of the property in
addition to the mineral extraction.
For more information about Thunder
Energies, its SEC filings, and business activities, please
visit:
www.thunderenergiescorp.com
Safe Harbor Act: This release
includes forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995 that involves risks and uncertainties including, but not
limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements to reflect events or circumstances that
may arise after the date of this release.
CONTACT
Investor
Relations
Rick Freeman
CMO
MAJORMEDIA INC
E: majormediasales@comcast.net
P:
570.468.2205
Donald R. Keer,
P.E., Esq.
Corporate
Counsel
Thunder Energies
Corp.
3663 Greenwood
Circle
Chalfont, PA
18914
215-962-9378
