- Thesis (TAU) has drilled up to 0.5 m of 367 g/t gold from the Bonanza Zone on its Ranch Gold Project in B.C.
- Additional highlights include 1.09 m of 78.35 g/t gold and 11.02 m of 10.89 g/t gold
- The company will define further targets using new machine learning and lineament analysis techniques with its current data set
- Thesis Gold proves and develops the 17,832 hectare Ranch Gold Project in B.C.’s Golden Horseshoe
- Thesis (TAU) is up by 3.96 per cent trading at $2.10 per share
Thesis Gold (TAU) has reported additional findings from its Ranch Gold Project in British Columbia.
The company has drilled up to 0.5 m of 367 g/t gold from the Bonanza Zone.
The Bonanza Zone is one of four primary zones tested during last year’s inaugural 16,000 m drill program on the project.
There is a clear spatial link between gold mineralization and property-scale faulting, with elevated gold values in the hangingwall of these structures. The gold is also associated with broad zones of silica alteration and magnetic destruction that produce linear magnetic low responses.
The company will define further targets using new machine learning and lineament analysis techniques with its current data set.
The zone remains open and now extends northwest over 330 m and northeast over 260 m.
“These results again demonstrate the high-grade near-surface continuity of the Ranch Project’s gold systems,” stated Ewan Webster, Thesis’ President and CEO. “As more results come in, our understanding of the controls on mineralization is evolving, and helping us define new, untested targets near Bonanza.”
Bonanza Zone assay results
| Drill hole | From (m) | To (m) | Interval (m) | Gold (g/t) | |
| 21BNZDD008 | 10.02 | 15.26 | 5.24 | 1.13 | |
| incl. | 14.66 | 15.26 | 0.60 | 5.88 | |
| 23.13 | 26.62 | 3.49 | 1.07 | ||
| 30.84 | 49.60 | 18.76 | 1.83 | ||
| incl. | 36.00 | 42.00 | 6.00 | 3.20 | |
| 21BNZDD009 | 14.00 | 54.00 | 40.00 | 3.84 | |
| incl. | 25.12 | 51.16 | 26.04 | 5.76 | |
| incl. | 38.98 | 50.00 | 11.02 | 10.89 | |
| 21BNZDD010 | 24.65 | 26.00 | 1.35 | 0.80 | |
| 34.00 | 35.55 | 1.55 | 1.37 | ||
| 43.73 | 51.15 | 7.42 | 49.14 | ||
| incl. | 45.00 | 49.40 | 4.40 | 80.00 | |
| incl. | 47.35 | 47.85 | 0.50 | 367.00 | |
| 21BNZDD011 | 16.05 | 17.38 | 1.33 | 3.08 | |
| 38.38 | 45.91 | 7.53 | 3.65 | ||
| incl. | 42.00 | 45.04 | 3.04 | 7.90 | |
| 21BNZDD012 | 8.31 | 18.68 | 10.37 | 1.07 | |
| incl. | 8.31 | 9.30 | 0.99 | 3.59 | |
| 21BNZDD013 | 23.80 | 32.45 | 8.65 | 2.99 | |
| incl. | 24.80 | 28.50 | 3.70 | 4.39 | |
| incl. | 24.80 | 26.82 | 2.02 | 7.07 | |
| 21BNZDD016 | 17.28 | 31.00 | 13.72 | 11.15 | |
| incl. | 18.34 | 29.00 | 10.66 | 14.15 | |
| incl. | 18.91 | 20.00 | 1.09 | 78.35 | |
| 21BNZDD021 | 23.00 | 31.34 | 8.34 | 2.64 | |
| incl. | 25.00 | 31.00 | 6.00 | 3.15 | |
| incl. | 30.00 | 31.00 | 1.00 | 5.04 | |
| 21BNZDD026 | 14.00 | 20.22 | 6.22 | 0.96 | |
| 28.32 | 38.10 | 9.78 | 3.55 | ||
| incl. | 29.21 | 34.50 | 5.29 | 6.32 | |
| incl. | 33.00 | 34.50 | 1.50 | 9.39 | |
| 21BNZDD027 | 37.21 | 61.34 | 24.13 | 1.28 | |
| incl. | 49.65 | 51.44 | 1.79 | 3.69 | |
| incl. | 57.78 | 61.34 | 3.56 | 3.20 | |
| 21BNZDD028 | 10.60 | 17.00 | 6.40 | 0.51 | |
| 140.88 | 174.00 | 33.12 | 0.26 | ||
| incl. | 159.00 | 160.55 | 1.55 | 2.80 | |
| 21BNZDD029 | 41.80 | 43.60 | 1.80 | 1.63 | |
| 56.00 | 58.00 | 2.00 | 0.31 | ||
| 66.00 | 70.00 | 4.00 | 0.45 | ||
| 21BNZDD032 | 10.00 | 46.00 | 36.00 | 0.51 | |
| incl. | 13.00 | 17.00 | 4.00 | 1.22 | |
| 99.00 | 106.00 | 7.00 | 0.47 |
Thesis Gold proves and develops the 17,832 hectare Ranch Gold Project in B.C.’s Golden Horseshoe.
Thesis (TAU) is up by 3.96 per cent trading at $2.10 per share as of 9:32 am EST.