Thunder Gold Corp. (OTC:TGOLF) Stock Rallies 18% After Acquisition News

The precious metals sector has been one of the more integral themes of the year for investors in 2023, and it may well continue to be the case going forward. One of the companies from the sector that could well be worth looking into at this point in time is Thunder Gold Corp. (OTC:TGOLF).

The company was in the news cycle on Wednesday after it announced that it had acquired a 100% interest in the Startrek Gold Property located in Newfoundland. The situation came about after the company was informed by Leocor Gold Inc. that it would not complete the option to take up a 70% interest in the aforementioned property.

In this situation, it could be a good idea for investors to perhaps take a look into some of the key features of the Startrek Gold Property. The asset is situated in a top-of-the line exploration district with proven discovery potential. The Startrek property also boasts accessible roads and is situated in close proximity to existing provincial infrastructure.

The prospecting and surface sampling at the project had led to the discovery of more than 50 known gold showings. One of the more interesting things that ought to be mentioned about the property is the fact that as much as 80% of the total area under the claim remains unexplored.

The Chief Executive Officer of Thunder Gold Corp., Wes Hanson, spoke about the property as well. He stated that the Central Newfoundland Gold Belt was one of the more active exploration districts in the whole of Canada. A number of exploration companies were involved in mining for orogenic, high-quality gold across the gold belt. He went on to note that in the first fiscal quarter of 2024, the company’s plan was to work on completing a detailed review of the results and data generated by operators in the past.