The Company’s stock began trading on the Over-the-Counter Bulletin Board in the early 1990s, and the Company became a fully reporting entity with the SEC. In 2010, The Company received a dual listing from the Toronto Stock Exchange – Venture Exchange, sponsored by Haywood Securities.
Thunder Mountain was put into production in the mid-1980’s by Coeur d’Alene Mines under a partnership with Thunder Mountain Gold. It produced over 200,000 ounces of gold and 200,000 ounces of silver. After this phase of mining, the property was retained by Thunder Mountain Gold Inc. and reclaimed in the early 1990’s.
Subsequently the property was leased to and explored by several other companies, including Kennecott and USMX. A joint venture between the Company and Dewey Mining unified the mining district during this period, and USMX expended approximately $4 million to explore the district and further define the gold and silver resource on the Dewey property.
In 2005, the Thunder Mountain Gold management decided to not advance any further exploration or development, and the resource was sold to the U.S. Forest service, and thousands of acres that were originally held for mineral development were donated to conservation. The Company received praise and a lot of good will for choosing to no longer pursue gold and silver extraction in this sensitive area.
The proceeds from the sale of the district were reinvested in other exploration projects, including the 2007 acquisition of South Mountain Mines from a private landowner. Additional gold properties in Idaho and Nevada and were acquired by the Company in 2007 and 2008, which have potential for large discoveries.