- Thesis (TAU) has drilled up to 45.04 g/t gold equivalent at the Ranch Gold Project in B.C.
- The finding stems from the first six of twelve drill results from the Ridge Zone
- Mineralization remains open along strike and to depth with most of the mapped alteration zone to be drill tested
- The company anticipates strong results from the balance of 2021 drilling
- Thesis Gold proves and develops the 17,832-hectare Ranch Gold Project in B.C.’s Golden Horseshoe
- Thesis (TAU) is down by 1.06 per cent trading at $1.87 per share
Thesis (TAU) has drilled up to 45.04 g/t gold equivalent at the Ranch Gold Project in B.C.
The finding stems from initial 2021 drill results from the Ridge Zone. The first six of twelve holes demonstrate strong continuity of high-grade gold and silver mineralization from near surface to a vertical depth of 160 m.
Standout drill hole 21RDGDD009 returned 27 m of 6.78 g/t gold and 161.74 g/t silver, including 10 m of 16.28 g/t gold and 179.96 g/t silver.
Shallower Ridge Zone intercepts contain significant silver content, which potentially represents a higher level of the overall epithermal system compared to Bonanza and other zones on the property.
Mineralization at Ridge remains open along strike and to depth with most of the mapped alteration zone to be drill tested.
The massive silica encountered in holes 004 and 005 supports the interpretation of Ridge as a large hydrothermal alteration system, which will help target more productive parts of the system. Elsewhere within the Ranch property, unmineralized massive silica often flanks gold-bearing vuggy silica and leached zones.
The company anticipates strong results from the balance of 2021 drilling from the Ridge Zone.
“These strong results from Ridge continue to show the significant potential of this sparsely drilled zone,” stated Ewan Webster, Thesis’ President and CEO. “The remainder of the pending holes from Ridge also intersected strong zones of alteration typical of this zone and others like the adjacent Bonanza Zone.”
Thesis Gold proves and develops the 17,832-hectare Ranch Gold Project in B.C.’s Golden Horseshoe.
Thesis (TAU) is down by 1.06 per cent trading at $1.87 per share as of 12:40 pm EST.
Ridge Zone assay results
| Drill hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | AuEq (g/t) | Zone | |
| 21RDGDD001 | 47.60 | 60.00 | 12.40 | 1.47 | 49.80 | 2.09 | Ridge | |
| incl. | 47.60 | 54.00 | 6.40 | 2.08 | 73.06 | 2.99 | ||
| 21RDGDD003 | 76.59 | 92.89 | 16.30 | 2.52 | 37.15 | 2.98 | Ridge | |
| incl. | 78.00 | 83.44 | 5.44 | 4.57 | 53.90 | 5.25 | ||
| 21RDGDD004 | no significant results | IP Geophysical Target | ||||||
| 21RDGDD005 | no significant results | IP Geophysical Target | ||||||
| 21RDGDD008 | 157.00 | 160.59 | 3.59 | 0.37 | 59.13 | 1.11 | Ridge | |
| and | 169.76 | 179.00 | 9.24 | 4.18 | 9.56 | 4.30 | ||
| incl. | 170.20 | 173.67 | 3.47 | 8.64 | 18.33 | 8.87 | ||
| incl. | 170.20 | 171.95 | 1.75 | 12.52 | 21.82 | 12.79 | ||
| 21RDGDD009 | 131.00 | 158.00 | 27.00 | 6.78 | 161.74 | 8.80 | Ridge | |
| incl. | 143.00 | 153.00 | 10.00 | 16.28 | 179.96 | 18.53 | ||
| incl. | 146.00 | 149.93 | 3.93 | 24.61 | 256.72 | 27.82 | ||
| incl. | 147.00 | 148.00 | 1.00 | 40.30 | 379.00 | 45.04 |