- Thesis Gold (TSXV:TAU) reveals drilling results from the Ring Zone on its Lawyers-Ranch Project in British Columbia
- The company intersected near-surface gold, including 1.21 grams per ton (g/t) gold over 13.13 metres and 11.32 g/t gold over one metre.
- The Ring Zone and nearby Golden Furlong target are part of a 40 square kilometre alteration area with over 20 untested exploration targets.
- Shares of Thesis Gold are unchanged at C$0.065
Thesis Gold (TSXV: TAU) reveals it has made a significant discovery at the Ring Zone located on its 100 per cent-owned Lawyers-Ranch Project in the Toodoggone mining district of northern British Columbia.
In a news release, the company reported high-grade near-surface gold mineralization from its 2024 drilling program, marking an important milestone in its ongoing exploration efforts.
The discovery at the Ring Zone highlights the success of Thesis Gold’s exploration strategy, which combines structural analysis, geochemistry, and geophysics to identify high-priority targets. Initial drilling at the Ring Zone intersected several promising gold-bearing zones, with drill holes revealing:
- Drillhole 24RNGDD001: 1.21 grams per ton (g/t) gold (Au) over 13.13 metres, including 0.45 meters of 5.92 g/t Au
- Drillhole 24RNGDD002: 1.00 meter of 11.32 g/t Au
- Drillhole 24RNGDD003: 1.85 meters of 3.49 g/t Au
These intersections, particularly the high-grade intervals, underscore the potential for new, high-grade gold deposits in the area. The Ring Zone’s mineralization, combined with other untested targets within the 40 km² alteration footprint of the project, presents a significant upside for resource expansion and long-term project development.
“The discovery at the Ring Zone validates our exploration approach and highlights the untapped potential within the Lawyers-Ranch project,” Ewan Webster, CEO of Thesis Gold, said in a release. “With our 4.7 million-ounce deposit and robust PEA results, this new discovery offers additional upside and reinforces our commitment to unlocking significant value from the project.”
Looking ahead, the company is preparing for 2025 follow-up drilling to further test the Ring Zone and Golden Furlong, as well as other promising areas. Thesis stated that it is also nearing completion of its environmental baseline work at the project and is set to enter the Environmental Impact Assessment (EIA) process in 2025. In tandem with this, the company is preparing to initiate a Pre-Feasibility Study in early 2025 to evaluate the potential for further development of the Lawyers-Ranch Project.
Based out of Vancouver, B.C., Thesis Gold is focused on advancing its 100 per cent -owned Lawyers-Ranch Project in the Toodoggone Mining District in British Columbia.
Shares of Thesis Gold are unchanged at C$0.065.
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