Thunderbird Minerals Corp. Expands the Argo Copper-Gold Project
November 12 2024 - 8:00AM
Thunderbird Minerals Corp. (TSXV:
BIRD.V) (“Thunderbird” or the “Company”) is pleased to
announce that it has expanded its land package at the Argo
Copper-Gold Project (the “Project”) by approximately 39%. The Argo
Property now encompasses 10,147.42 hectares (ha) covering
additional areas with potential for epithermal and porphyry-style
copper-gold mineralization, including the historic York mineral
occurrence.
Highlights from the York Mineral
Occurrence
- The York mineral
occurrence is situated at the intersection of interpreted fault
structures that likely facilitated the movement of hydrothermal
fluids related to regional magmatic activity.
- Historical
exploration efforts at the site have included rock, soil, and
stream geochemical sampling, trenching, airborne magnetic
geophysical surveys, and drilling, primarily targeting gold
mineralization.
- Past sampling
identified a NW-SE trending gold (Au), copper (Cu), and molybdenum
(Mo) geochemical anomaly that aligns with several magnetic
geophysical anomalies. Historical soil assays include
values up to 194 ppb Au, while rock outcrop samples assayed up to
2.55 g/t Au.
- Trenching
exposed various rock types, including schists, gneisses, hornfelsed
zones, and graphitic sediments of the Nicola Group, intruded by
biotite granodiorite and monzonite. Skarn alteration occurs
along some contacts, and shear zones up to 18 m wide with limonitic
alteration contain anomalous Au, Cu, As, Ag, and Sb
values.
- Historical
drilling campaigns included shallow reverse-circulation/percussion
drilling programs in 1982 (457.2 m across 7 holes) and 1988 (919 m
across 10 holes), and a diamond drilling program (809.07 m across
13 holes) in 1983. All drill holes encountered anomalous gold
values, including: 5.7 g/t Au over 0.3 m; 2.8 g/t Au over
5.1 m; and 1.18 g/t Au over 10.15 m. Drilling also
returned an intercept of 164 ppm Cu and 200 ppm Mo over
71.32 m. These results indicate potential for both
epithermal gold and porphyry-style Cu-Mo mineralization.
- Gold
mineralization is associated primarily with arsenopyrite-bearing
quartz veins, and with shear zones hosting calcite and quartz veins
that may have overprinted an earlier porphyry system. Chalcopyrite,
pyrite, sphalerite, and molybdenite occur as metasomatic
mineralization at granodiorite-hornfels contacts.
- The York target
shares several geological, geochemical, and geophysical anomalies
with similar characteristics to other alkalic copper-gold porphyry
and intrusion-related gold systems (IRGS) within the Quesnel
Trough. Potentially analogous deposits within the Quesnel Trough
include Taseko’s Gibraltar Mine, located approximately 90 km to the
southeast. The Gibraltar Mine is Canada’s second-largest copper
mine, with reserves of 1.1 Bt @ 0.25% Cu
and 0.007% Mo.
The 100% owned Argo Project is located
approximately 20 kilometers northwest of Quesnel, British Columbia,
Canada. The project is in close proximity to major
transportation-utility corridors; including Highway 97 and nearby
electric transmission lines. The Argo Project is located in the
Quesnel Trough, which is host to some of British Columbia’s most
productive copper-producing mines, including the Copper Mountain,
Gibraltar, Mount Polley and Highland Valley mines.
John Newell, President and CEO of Thunderbird,
states:
“The expansion of our Argo Copper-Gold Project
further enhances our strategic position within the prolific Quesnel
Trough, a region known for hosting some of British Columbia’s most
productive copper mines. The additional claims not only increase
our footprint by nearly 40%, but they also encompass prospective
ground with potential for significant epithermal and porphyry-style
mineralization. This new territory provides exciting exploration
upside as we advance the Argo Project. The favorable geological
setting, historical work, and strategic location close to
infrastructure underscore the Project’s potential to be developed
into a significant copper-gold asset within Thunderbird’s growing
portfolio.”
Figure 1: Location of the Argo Project within the
prolific Quesnel Trough, which is host to many of British
Columbia’s most productive copper mines.
Figure 2: Claim expansion at the Argo Project
covers a large airborne magnetic geophysical anomaly. The Talos
target was defined by a geochemical soil sampling program in 2022
by Thunderbird.
Figure 3: Historical work on the York target
includes airborne geophysical surveying, soil sampling and
drilling. The most clearly delineated zone is a ~2 km
northwest-southeast trending shear zone in contact with a
granodiorite intrusion. Pyrite, pyrrhotite and chalcopyrite were
observed in all drillholes over significant widths. There is
potential for Cu-Au porphyry-style mineralization and/or
Intrusion-Related Gold System (IRGS) style mineralization at the
York target.
About Thunderbird Minerals
Corp.
Thunderbird is a junior grassroots explorer
focused on the discovery of new precious metal and copper projects
through systematic exploration of metal-endowed terranes located in
Tier-one mining jurisdictions in North America. Thunderbird’s focus
is on development of its portfolio of projects to the mineral
resource stage. Thunderbird’s projects include its flagship
Bullseye property in the Wels District of the Yukon Territory.
Thunderbird’s other properties include the Eagle Mountain gold
property in the Cassiar Gold District in northern British Columbia,
the Argo copper and gold property near Quesnel B.C., and the Apache
copper and gold property in Kern County, California. Thunderbird
continues to look for attractive properties throughout North
America to add to its early-stage project pipeline.
More information can be found at the Company’s website at
www.thunderbirdminerals.ca
ON BEHALF OF
THE BOARD
John Newell, President and Chief Executive
Officer
Carl Schulze, P. Geo., Consulting Geologist with
Aurora Geosciences Ltd, is a qualified person as defined by
National Instrument 43-101 for Thunderbird’s exploration projects
and has reviewed and approved the technical information in this
release.
For new information about the Company's
programs, please visit Thunderbird's website at
www.thunderbirdminerals.ca or contact John Newell by telephone
(604) 568-8807 or by email at info@thunderbirdminerals.ca
or john.newell@thunderbirdminerals.ca.
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 Statement Regarding
Forward-Looking Information
Certain information contained in this news
release constitutes “forward-looking information” or
“forward-looking statements” (collectively, “forward-looking
information”). Without limiting the foregoing, such forward-looking
information includes statements regarding the process and
completion of the Offering, the use of proceeds of the Offering and
any statements regarding the Company’s business plans, expectations
and objectives. In this news release, words such as “may”, “would”,
“could”, “will”, “likely”, “believe”, “expect”, “anticipate”,
“intend”, “plan”, “estimate” and similar words and the negative
form thereof are used to identify forward-looking information.
Forward-looking information should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future
performance will be achieved. Forward-looking information is based
on information available at the time and/or the Company
management’s good faith belief with respect to future events and is
subject to known or unknown risks, uncertainties, assumptions and
other unpredictable factors, many of which are beyond the Company’s
control. The forward-looking information set forth herein reflects
the Company’s expectations as at the date of this news release and
is subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
Figures accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/737dc58b-94d3-4176-aa08-2d6cba405b07https://www.globenewswire.com/NewsRoom/AttachmentNg/ea8a4cfe-6b41-4ff7-8f85-6116a9bf4e63https://www.globenewswire.com/NewsRoom/AttachmentNg/008162c6-a8af-4c34-9f73-4c8da2a6acf1
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