Thundermin Announces Grant of Stock Options
02 April 2014 - 11:09AM
Marketwired
Thundermin Announces Grant of Stock Options
TORONTO, ONTARIO--(Marketwired - Apr 1, 2014) - Thundermin
Resources Inc. ("Thundermin") (TSX-VENTURE:THR) announces that on
April 1, 2014 it granted a total of 1,950,000 incentive stock
options to its directors, officers and a consultant, which options
replace a like number of incentive stock options that expired on
March 8, 2014. Each stock option allows the holder thereof to
acquire one common share of Thundermin at a price of $0.05 per
share for terms ranging from one to five years from the date of the
grant, as the case may be, all in accordance with the terms and
conditions of the Amended and Restated Stock Option Plan of
Thundermin (the "Plan"). The exercise of any such options is
conditional upon the ratification of the Plan by the shareholders
of Thundermin at the 2014 Annual and Special Meeting of
Shareholders to be held on May 22, 2014.
About Thundermin
Thundermin is a
Canadian-based mineral exploration company focused on the
exploration for and the discovery of economically viable base metal
and gold deposits in Canada. Thundermin has an interest in, or the
right to earn an interest in, 12 base metal and gold properties in
Canada. The most significant of these is the Little Deer copper
property in the Springdale area of Newfoundland that hosts the
Little Deer and Whalesback copper deposits. Thundermin and 50%
joint venture partner Rambler Metals and Mining Canada Limited have
outlined Indicated Resources of 1,911,000 tonnes grading 2.37%
copper and Inferred Resources of 3,748,000 tonnes grading 2.13%
copper at Little Deer and Indicated Resources of 797,000 tonnes
grading 1.67% copper and Inferred Resources of 443,000 tonnes
grading 1.57% copper at Whalesback. A 3,800 m diamond drilling
program is currently on-going on the Little Deer copper
deposit.
Thundermin owns a
100% interest in the Lebel Township gold property, which is located
on the Kirkland Lake Main Break in the prolific Kirkland Lake gold
camp. Thundermin has the right to earn a 100% interest in eight
exploration licenses covering a large portion of the Stirling
volcanogenic massive zinc-lead-copper-silver-gold sulphide belt
located on Cape Breton Island, Nova Scotia. An initial diamond
drill program undertaken on the property in 2012 was successful in
intersecting copper mineralization in porphyritic volcanic rocks
similar to those known to host massive sulphide deposits elsewhere.
Thundermin has royalty interests in seven base metal and gold
properties located in British Columbia and Quebec, the most
significant being a 2.5% net smelter return royalty in the
Pelletier Lake gold deposit which is under option to QMX Gold
Corporation. The Pelletier Lake property is currently in
arbitration with Thundermin aiming to regain full ownership of the
property. Thundermin also has various shareholdings in twelve other
junior resource companies exploring for base metal, gold, chrome,
and diamond deposits in Canada.
Forward-Looking
Statements
This news release
may contain "Forward-Looking Statements" that involve risks and
uncertainties, such as statements of Thundermin's plans,
objectives, strategies, intentions and expectations. The words
"potential," "anticipate," "forecast," "believe," "estimate,"
"expect," "may," "project," "plan," and similar expressions are
intended to be among the statements that identify "Forward-Looking
Statements". Although Thundermin believes that its expectations
reflected in these "Forward-Looking Statements" are reasonable,
such statements may involve unknown risks, uncertainties and other
factors disclosed in our regulatory filings that can be viewed on
the SEDAR website at www.sedar.com. For us, uncertainties arise
from the behavior of financial and metals markets and from numerous
other matters of national, regional, and global scale, including
those of an environmental, climatic, natural, political, economic,
business, competitive, or regulatory nature. These uncertainties
may cause our actual future results to be materially different than
those expressed in our "Forward-Looking Statements". Although
Thundermin believes the facts and information contained in this
news release to be as correct and current as possible, Thundermin
does not warrant or make any representation as to the accuracy,
validity or completeness of any facts or information contained
herein and these statements should not be relied upon as
representing its views subsequent to the date of this news
release.
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
For further
information on Thundermin Resources Inc. please visit Thundermin's
website at www.thundermin.com or the SEDAR website at
www.sedar.com.
Thundermin Resources Inc.John B. HeslopPresident & CEO(647)
344-1167Thundermin Resources Inc.James W. GillChairman(416)
450-1851info@thundermin.comwww.thundermin.com
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