The mining concession is located in Richmond County, on Cape Breton Island, Nova Scotia. The area consists of 404 claims covering 15 kilometres of favourable volcanic stratigraphy.
Last year, in the fall, an initial exploration program on the property consisted of geological mapping, induced polarization surveys, prospecting and sampling over key target areas.
The company, during this initial work, identified four priority drill targets for base metal and/or gold mineralization, Thundermin said.
The miner said two targets, which were the most significant, occur near the centre of the Stirling property where Xstrata undertook lithogeochemical sampling in the late eighties and early nineties.
Xstrata hit wide intervals of sulphide mineralization containing anomalous values of copper and zinc in four shallow drill holes, Thundermin noted. The best assay was 5.2 per cent copper over one metre.
Additionally, a deep penetrative induced polarization survey completed over a portion of the Taylor Brook area by Thundermin in 2011 outlined a major conductor with a strike length of 600 metres, which extends to depth beyond the shallow drilling completed by Xstrata.
"We are pleased to have acquired this significant land package in the underexplored Stirling volcanic belt," chief executive John B. Heslop said in a statement.
"We are extremely satisfied with the results that we have received to date. We feel that the results of our exploration effort to date confirm our belief that the Stirling area is prospective for the discovery of additional precious metal rich, zinc-lead-copper deposits."
Thundermin is a mineral exploration company focused on exploring and discovering base metal and gold deposits in Canada.