Thunder Mountain Resources Acquires 100% Interest in Historic Idaho Zinc- Silver-Lead-Copper-Gold Mine

Oct 09, 2007, 01:00 ET from Thunder Mountain Gold, Inc.

    ELKO, Nev., Oct. 9 /PRNewswire-FirstCall/ -- Thunder Mountain Gold,
 Inc. (OTC Bulletin Board:   THMG) (Company) is pleased to announce that on
 September 27, 2007, Thunder Mountain Resources, Inc., a wholly-owned
 subsidiary of the Company, finalized the acquisition of South Mountain
 Mines, Inc.. The acquisition now provides the Company with ownership of 17
 patented mining claims, totaling approximately 326 acres, located in the
 South Mountain Mining District, Owyhee County, Idaho.
     The South Mountain Mining District was discovered and worked in the
 late 1800s for high-grade silver ore mined from oxidized lead-silver veins.
 Mineralization on the patented claims consists of skarn-hosted polymetallic
 sulfide ore bodies hosted in a Paleozoic and/or Mesozoic carbonate unit.
 The principal metals historically recovered from the South Mountain
 property were silver, zinc, lead, copper, and gold. The property was mined
 underground extensively during World War II, and smelter records for "crude
 ore shipments" from the mine during the periods 1940 through 1954 showed a
 total of 53,642 tons of ore that contained 15,593,000 pounds of zinc
 (14.5%), 2,562,300 pounds of lead (2.4%), 1,485,200 pounds of copper
 (1.4%), 566,439 ounces of silver (10.6 ounces per ton)(opt) and 3,120
 ounces of gold (0.058 opt). In addition to the direct ship ore, a flotation
 mill operated on the property during the mid-1950s, and, although no
 production records exist for the mill, it is estimated that well over
 20,000 tons were processed, based on the amount of tailings present.
     Approximately 8,000 feet of underground workings were completed at
 South Mountain, most of it during the 1940s and 1950s. Two primary drift
 levels were developed, the Laxey Level (2000 feet long, 7145 feet amsl) and
 the Sonneman Level (2700 feet long, 6850 feet amsl). In addition to the two
 main tunnels, intermediate levels and stopes were mined. South Mountain
 Mines, Inc. conducted extensive exploration work in the late 1970s through
 the mid-1980s and expended well over three million dollars on the property.
 They extended the Sonneman Level approximately 1200 feet to intersect with
 the Texas ore zone and completed approximately 13,000 feet of underground
 and surface drilling. In the area of the Texas ore zone on the Sonneman
 Level, approximately 75 feet of high grade mineralization was intersected
 in by the drift where 19 chip channel samples collected by South Mountain
 Mines averaged 14.45% zinc, 3.98% lead, 0.17% copper, 8.17 opt silver and
 0.21 opt gold.
     A 43-101 compliant ore reserve has not been completed for the property.
 Drill spacing was not based on statistical parameters and assays were not
 analyzed utilizing 43-101 QA/QC standards. By the mid-1980s, South Mountain
 Mining felt they completed sufficient exploration to calculate in-house ore
 resources utilizing historic data, underground drilling, surface drilling,
 and underground channel sampling. They also incorporated resource
 calculations completed by the Defense Minerals Exploration Administration
 (DMEA) from the 1950s into their resources. South Mountain Mines calculated
 a nearly 470,000 tons (utilizing ten cubic feet per ton) with grades
 averaging approximately 10.0% zinc, 1.40% lead, 1.0% copper, 7.6 opt silver
 and 0.05 opt gold. They also completed a preliminary feasibility study,
 including metallurgical test work done by Dawson Metallurgical Labs in Salt
 Lake City, Utah.
     Mineralization is open along strike and is open to depth. At least nine
 separate ore zones have been mined, with the Laxey ore shoot having been
 mined from the surface to over 800 feet down dip, or 300 feet below the
 Sonneman Level. The potential mineralization may be as high as two million
 tons when the known ore zones are projected to a depth of 300 feet below
 the Sonneman working level.
     Prior to finalizing the Stock Purchase Agreement, the Company completed
 a four-month due diligence period during which time reviews of the title,
 potential environmental liabilities, water quality, water rights, regional
 geologic setting, and the extensive existing data provided by South
 Mountain Mines. No significant negative issues were identified, and it was
 recognized that the abundant reactive limestone provides a strong
 neutralization potential for any acid rock drainage. None of the water
 samples showed low pH values.
     As part of their due diligence work, the Company also opened up the
 Laxey Level and evaluated the underground conditions and conducted a minor
 sampling program. A total of six chip channel and other ore samples were
 collected in areas of previous sample locations, and the average grade for
 the samples was 9.13% zinc, 2.15% copper, 1.49% lead, 11.10 opt silver and
 a trace of gold.
     Jim Collord, President of the Company, said of the acquisition, "South
 Mountain represents a rare opportunity for the Company because it is a
 property with known continuous high-grade mineralization with a mining
 history, and one with a tremendous upside potential. It does not have a
 negative historic environmental legacy, and I am confident that, if planned
 properly, it can be explored and mined once again in an environmentally
 responsible manner. I am very happy with the exploration successes that the
 Thunder Mountain Team has accomplished and South Mountain demonstrates that
     About Thunder Mountain Gold, Inc.
     Thunder Mountain Gold, Inc./Thunder Mountain Resources, Inc. is an
 exploration company focused on the generation of precious and base metal
 projects in the Western United States, Mexico, and Alaska. The Company
 performs its own natural resource exploration and generates value for
 shareholders by aggressively developing high-grade, high-quality precious
 and base metal resources in politically stable mining regions.
     This release has been reviewed and approved by Company Vice President
 Pete Parsley (M.Sc. and Registered Professional Geologist), and "qualified
 person" as that term is defined in National Instrument 43-101.
     Investor Relations: Jim Collord e-mail:
     Forward-Looking Statements: Statements made which are not historical
 facts, such as anticipated production, exploration results, costs or sales
 performance are "forward-looking statements", and involve a number of risks
 and uncertainties that could cause actual results to differ materially from
 those projected, anticipated, expected or implied. These risks and
 uncertainties include, but are not limited to, metals prices volatility,
 volatility of metals production, exploration project uncertainties,
 industrial minerals market conditions and project development risks. Refer
 to the Company's Periodic Filings for a more detailed discussion of factors
 that may impact expected future results. Thunder Mountain Gold undertakes
 no obligation to publicly update or revise any forward-looking statements.
     Cautionary Note to Investors -- The United States Securities and
 Exchange Commission ("SEC") permits mining companies, in their filings with
 the SEC, to disclose only those mineral deposits with a reserve that a
 company can economically and legally extract or produce.

SOURCE Thunder Mountain Gold, Inc.