BLUE THUNDER MINING
We control 51,000ha of ground near Chibougamau, Quebec
Prospective for gold and base metals at intersection of two major mineralized structures
✓ Northeast trending Fancamp Shear Zone – which hosts IAMGOLD’s Monster Lake deposit and Blue Thunder’s Fancamp Property
✓ East West trending Guercheville Deformation Zone – which hosts recently discovered Nelligan Deposit, as well as historical resources at Philibert, Meston and Joe Mann.
Strategically located on strike with:
▪Nelligan* gold deposit – Iamgold/Vanstar JV:maiden NI 43-101 Inferred resource announced in October 2019 with 3.2 M oz Au @ 1.0 g/t Au
▪Monster Lake* gold deposit – Iamgold/Tomagold JV:maiden NI 43-101 Inferred resource announced in March 2018 with 433,000 oz Au @ 12.1 g/t Au
▪Chevrier Main Zone gold deposit: Genesis Metals Inc. Technical Report February 2019 with 423,000 oz Au @ 1.2 g/t Indicated and 259,000 oz Au @ 1.3 g/t Au Inferred
▪Joe Mann Gold Mine: historical producer recently acquired by Dore Copper: historical production 1.8 M oz Au @ 8.5 g/t Au
▪Philibert gold deposit (SOQUEM Inc.):Historical resource of 1.4 Mt grading 5.3 g/t Au, SOQUEM Inc., 1991.
* Nelligan and Monster Lake are recent discoveries
Exploration thesis
✓Property not actively explored since the mid 1990s – with past focus primarily on base metals targeting east-west oriented EM conductors in volcanic units
✓ Much less effort was spent drilling structural targets which might host gold mineralization as recently discovered by IAMGOLD at Monster Lake
✓ Recent Nelligan discovery highlights potential for broad disseminated gold systems hosted within sediments
✓ Less than 10% outcrop exposure → Both a challenge and an opportunity
Muus Project
OVERVIEW
GEOLOGY AND MINERALIZATION
AGREEMENTS
Overview
Blue Thunder holds a 100% interest in the Muus Project comprised of the Muus, Muus East, Nisk, Fancamp and Embry Properties. Together, these properties include a total of 932 claims covering 51,400 hectares. The Muus Project is located in the southern part of the James Bay area of the Province of Quebec, about 30 km south of Chapais and 50 km southwest of Chibougamau within the eastern end of the Abitibi Greenstone belt
Map depicting Muus, Muus East, Nisk, Fancamp and Embry Properties
The Project is very prospective for gold, as well as for volcanogenic massive sulphide (“VMS”) deposits, with associated base and precious metals. A series of prominent ductile and brittle fault‐sets and splays transect the Project, including the Guercheville Deformation Zone.
Summary:
▪ At the crossroads of three major regional structures:
o Fancamp Deformation Zone
o Guercheville Deformation Zone
o Philibert- Joe Mann trend
▪Hosts 12 to 18 km segments of these structures that are regionally associated with many gold showings, deposits and historical mines
▪In 2020, IP/resistivity surveys were completed by Blue Thunder at Lac Bernard and Lac Cowan and an historical survey was re-interpreted at Lac des Vents to fine-tune drill targets
▪Six diamond drill holes totaling 1,278 meters of drilling were completed in 2020 – assays are pending
Map depicting general geology of the Muus Property and geophysical grids drilled during Blue Thunder’s 2020 drilling campaign