Great Thunder Options Its Nemaska Lake Lithium Property
Victoria, British Columbia (FSCwire) - Great Thunder Gold Corp. (TSXV: GTG) is pleased to announce that it has granted an option to purchase up to a 70% undivided interest in its Nemaska Lake lithium property to Alchemist Mining Incorporated of Vancouver.
To exercise its option to acquire an initial 51% interest, Alchemist must pay or issue to Great Thunder $35,000 and 1,200,000 shares, and undertake at least $50,000 of exploration during the first year. To acquire an additional 19% interest, Alchemist must pay or issue to Great Thunder an additional $30,000 and 1,000,000 shares during the second year, and undertake a cumulative total of $450,000 of exploration during the second and third years. Great Thunder will have a carried interest until commercial production.
The Nemaska Lake property – which borders Nemaska Lithium’s Whabouchi Property and Durango Resources’ NMX East Property – is made up of four map designated cells covering 213 hectares. Geological mapping by Nemaska Lithium geologists on behalf of Tucana Lithium in 2011 revealed the presence of many pegmatite outcrops, with only five of them sampled. The property is easily accessible, being located only 2.5 kilometres north of Route du Nord, the main road which joins the village of Nemaska to Chibougamau.
ON BEHALF OF THE BOARD
Signed “Kevin C. Whelan”
Kevin C. Whelan, President
Direct line: (250) 474-6640
Neither 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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/greatthund09082016.pdf
Source: Great Thunder Gold Corp. (TSX Venture:GTG)
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