Thunder Mountain Gold, Inc. announced the restart of technical work on its flagship South Mountain Mine project in Owyhee County, Idaho. The company's primary focus is on updating the Mineral Resource Estimate (MRE) and advancing towards a Preliminary Economic Assessment (PEA). This work will incorporate recent exploration results to further define the high-grade polymetallic mineralization of zinc, silver, gold, lead, and copper.
A strategic partnership with Swiss-based MFD Investment Holdings SA has provided significant support for these efforts, contributing $1,000,000 in project-related expenditures. MFD is also providing technical support for project development, which adds both financial strength and technical expertise. The company plans to initiate a PEA upon completing the MRE to evaluate the economic potential and development pathways for South Mountain.
Thunder Mountain Gold is also conducting additional technical studies, including metallurgical testing and site optimization, to support the restarted development efforts. Furthermore, the company plans expansive geophysical and geochemical work on surrounding prospective ground, following up on previously identified copper porphyry targets.
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