- Thesis Gold (TAU) has released additional drill results from its maiden drill program at the Ranch Gold Project in British Columbia
- Thesis has now drilled up to 26.98 g/t gold over 13 metres in the Bonanza zone
- To date, Thesis has completed 16,139 metres of drilling
- Thesis Gold is a mineral exploration company focused on developing the Ranch Gold Project
- Shares in Thesis Gold (TAU) are up 6.98 per cent, trading at $1.38 per share
Thesis Gold (TAU) has released additional drill results from its maiden drill program at the Ranch Gold Project in British Columbia.
In October, the company announced assay results of up to 19.56 g/t gold over 34 metres in the Bonanza zone.
Thesis has now drilled up to 26.98 g/t gold over 13 metres in the Bonanza zone, including an interval of 84.92 g/t gold over 4 metres at only 12 metres downhole.
To date, Thesis has completed 16,139 metres of drilling for its maiden program across a number of different zones that include:
- 3808 metres (30 holes) of confirmation drilling,
- 5159 metres (37 holes) of expansion drilling, and
- 7171 metres (39 holes) of exploration.
Ewan Webster, President and CEO of Thesis Gold, commented on the high-grade results.
“This second series of drill results from the Bonanza zone has again delivered some spectacular gold mineralization, beginning essentially at surface,” he said. “Additionally, these results are starting to demonstrate that the mineralization remains strong and open at the limits of the historical drilling.”
Drilling in the Bonanza zone was perpendicular to historical holes in the area, which were generally drilled parallel to the mineralized trend.
One such hole returned a broad zone of mineralization containing 49.08 m of 2.07 g/t gold. This intercept demonstrates the strong continuity of mineralization from surface over broad intervals and that the mineralizing system remains strong and open to the northeast.
“With results from 99 holes from our 106-hole drill program still outstanding,” added Mr. Webster, “we anticipate strong news flow over the coming months.”
Thesis Gold is a mineral exploration company focused on developing the Ranch Gold Project in BC’s Golden Horseshoe.
Shares in Thesis Gold (TAU) are up 6.98 per cent, trading at $1.38 per share as of 9:42 am EST.
