- Thesis Gold (TAU) has been granted a five-year work permit by the Government of British Columbia
- The Work Permit is for exploration and drilling on the company’s flagship Ranch Gold-Silver Project
- The Ranch Project is located in the Golden Horseshoe of north-central British Columbia
- The company has now commenced its fully funded and comprehensive exploration and drill program at the property
- Thesis Gold is unchanged, trading at C$0.31 at 10:31 am ET
Thesis Gold (TAU) has been granted a five-year Work Permit by the Government of British Columbia.
The Work Permit is for exploration and drilling on the company’s flagship Ranch Gold-Silver Project.
The Ranch Project is located in the Golden Horseshoe of north-central British Columbia.
The Vancouver-based mineral exploration company has now commenced its fully funded and comprehensive exploration and drill program at the property.
The program consists of a 20,000-metre drill program, extensive surface geochemical sampling, bedrock and alteration mapping, airborne VTEM and ground-based magnetics and induced polarization geophysics, designed to target near-surface high-grade gold and silver mineralization in addition to deeper porphyry targets.
The 178-square-kilometre property is largely unexplored and the geological setting coupled with historical evidence of high-grade mineralization represents a significant opportunity for a major discovery.
“The granting of this work permit is a huge milestone for the company and our collaboration with our First Nation Partners. The drills have now started turning on the project and we will be testing the known zones of mineralization, but more importantly a number of new targets that have never been drilled and have the potential for significant new gold discoveries. The planned work represents a significant and extensive regional exploration program and we look forward to communicating our progress to the market over the coming months,” said Thesis Gold Chief Executive Officer Ewan Webster.
Thesis Gold is focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the Golden Horseshoe area of northern British Columbia, approximately 300 kilometres north of Smithers, B.C.
Thesis Gold is unchanged, trading at C$0.31 at 10:31 am ET.