Thunder Energies Corp announces the fair market value evaluation issued by the engagement of Lane A. Griffin, a professional geologist. This was done to evaluate the reserves of gold and other useful minerals present at Thunder Energies’ Nevada mining property.
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The valuation depends on his visits to the 3,200-acre parcel in northeast Nevada, next to mining activity and reports, as well as rock sample outcomes, separately examined, which were gathered by Griffin. American Assay, Sparks, Nevada, performed the rock analysis for Griffin.
Griffin places the property’s value at $33 million. Thunder Energies has a formal valuation report from Griffin besides the rock sample reports made by American Assay.
The geologist gathered seven rock samples to evaluate the minerals’ value 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, irregular amounts of copper, zinc, lead, bismuth, antimony, and silver
{Sample 2} Representative sample of mine dump, iron oxide, and copper stain on marble host rock, high amounts of copper, bismuth differently moderate amount of metal enrichment
{Sample 3} Mine lower dump, representative sample together with grey quartz and marble, moderately elevated levels of all metals but does not include ore grade
{Sample 4} Representative sample, Phalen mine upper mine dump, iron oxide and copper stain, dark brown granite and marble host, ore-grade mineralization, 22% lead with nearly 20 oz/ton silver, 1.7% zinc and high amounts of gold and copper.
{Sample 5} Same location as above, choose a sample, a metal detector was utilized to determine the high-grade sample, metallic appearance, dark brown, ore-grade mineralization, 1.4% zinc, 4.9% lead with 7.6 oz/ton silver, and high bismuth and copper.
{Sample 6} Mine dump beneath drift 800 m south of Phalen mine, granite, and meta-sediments, dark brown with quartz, anomalous amounts of zinc and copper but no concentrations of metals in general
{Sample 7} Mine dump below the shaft is only west of granite, marble quarry, and meta-sediments, marble chips, copper, and iron stain on fracture, with anomalous amounts of all metals but high copper at 1.5%
Furthermore, the geologist noted deeded water rights that are enough to supply a considerable surface mining operation and reserves of several vital base metals. The property consists of several surface and subsurface, mineral, rights as well.
Thunder Energies enrolled into a joint venture and collaboration agreement with Fourth and One this past spring, as earlier announced by company management.
Earlier, Griffin issued the subsequent executive evaluation of the property as part of his initial engagement.
In 2013, gold mineralization was acknowledged on the west side of the Kinsley project in limestone and shale beds inside the Secret Canyon Shale and Hamburg Formation, units that had not earlier been identified as possible hosts of gold mineralization.
Following drilling in 2014 returned, several high-grade gold intercepts within the Secret Canyon Shale at the Western Flank target. This includes ten holes with intercepts varying from 6 to 20 g Au/t over core lengths of 15 to 50 m.
Drilling happened from 2015 through 2020 and extended portions of the Western Flank mineralization to the east. The gold at Western Flank happens within thinly bedded units that have been substituted by fine-grained arsenical pyrite and pyrite.
The styles of mineralization, alteration, and geochemistry at the Kinsley project are the same as those of sediment-hosted gold deposits situated in the Carlin and Cortez trends of Nevada. This is roughly 150 to 200 km to the west of the project. At Kinsley, the geological setting of mineralization is the same as the Long Canyon deposit, situated around 90 km to the north of Kinsley.
The management of Thunder Energies initially dropped to comment on the evaluation, remarking it speaks for itself and declaring that would remain to be the company’s position. Company management plans to collaborate with qualified, experienced mining entities to withdraw mineral resources from the many thousand acres owned.
Property rights, as mentioned above, include both surface and water rights, and subsurface rights, all as part of a collaborative venture with Fourth and One. Thunder Energies, being part of its entire monetization of the property, expects master planning and further development of the surface of the property besides the mineral extraction.