VICTORIA, BC, March 2, 2017 – Great Thunder Gold Corp. (TSXV: GTG) is pleased to announce that it has, subject to TSX Venture Exchange acceptance, acquired 20 mineral claims covering approximately 1,127 hectares in the Windfall Lake area of Quebec.
The claims are located approximately 16 kilometres west of Osisko Mining’s Windfall Lake deposit. The Windfall Lake deposit is, in turn, approximately 6 kilometres north of the BonTerra Resources and Beaufield Resources deposits.
Great Thunder’s President, Kevin Whelan, said “The Company is pleased to have positioned Great Thunder in the Windfall-Urban gold district of Northern Quebec. The $100 million in recent financings by four companies – including Osisko Mining and Beaufield Resources – will result in significant activity, exploration and possible new discoveries this season at Windfall Lake. Our vendor group brings significant experience to our Great Thunder team.”
Under the terms of the purchase agreement, Great Thunder will pay the vendors $20,000, issue 3 million shares, and will grant a 2% net smelter returns royalty. The Company will also pay a finder’s fee totalling 300,000 shares to Mr. Nathan Rotstein and Mr. Matthew Lewis, subject to TSX Venture Exchange acceptance.
ON BEHALF OF THE BOARD
Signed “Kevin C. Whelan”
Kevin C. Whelan, President
Direct line: (250) 474-6640