Thesis Gold Inc (TSX-V:TAU) said preliminary synthesis of the 2022 surface exploration at its Ranch Project in the Golden Horseshoe area of northern British Columbia has highlighted numerous new multi-kilometre-scale targets.
The mineral exploration company said during the 2022 summer field season it completed 183.8 line-kilometre (km) of ground magnetics and undertook an extensive soil sampling program covering approximately 20.5 square km. The datasets build on data from 2021 and have successfully expanded several known anomalies, in addition to delineating new, multi-kilometre scale geochemical and geophysical targets to test with drilling in 2023.
"To date our soil data and ground magnetics have proven extremely effective at extending known zones of mineralization, in addition to making new discoveries on the project with the drill bit, Thesis Gold president and CEO Ewan Webster said in a statement.
READ: Thesis Gold unveils positive drill results from Ridge Zone at Ranch project in BC
“This newly acquired data is very compelling and certainly emphasizes the scope and scale of many of these targets that share the same geochemistry and alteration as the known gold zones yet remain to be drill tested," he added.
Highlights include numerous new multi-kilometre-scale targets defined by:
- Linear magnetic features imply the presence of numerous structural trends.
- Multi-element geochemical anomalies are coincident with major structural trends.
These anomalies indicate the potential for structures that may have acted as conduits for gold-bearing hydrothermal fluids, the company said, adding that the anomalous soil geochemical pathfinder elements are typically associated with high-sulphidation epithermal and porphyry style alteration, typical of that associated with gold mineralization elsewhere on the property.
In 2022, Thesis collected and analyzed a total of 4,259 soil samples, covering an area of approximately 20.5 square km.
South of the drill-confirmed Thesis Structural Corridor there is a significant geochemical footprint of coincident molybdenum, tungsten, antimony, and silver anomalies that spans approximately 2 km by 1.6 km. This zone also contains localized anomalies of arsenic, lead, and zinc and coincides with mapped vuggy silica alteration that is known to be associated with precious metal mineralization at Ranch, the company noted.
Further, an approximately 2.6 km by 1.0 km strongly molybdenum-enriched footprint is present between the Ridge and Steve zones that also contains coincident tungsten, antimony, and silver anomalies. This geochemical anomaly is positioned between parallel N-S structures and extends north and south of their intersection with a NW-trending structure. Within other parts of the Ranch property, this type of structural environment has proven favorable for gold mineralization, Thesis Gold said.
Many anomalies with these coincident geochemical and geophysical characteristics were proven as vectors to gold, copper, and silver mineralization by drilling in 2022, indicating the potential for future discoveries, it added.
Contact the author at jon.hopkins@proactiveinvestors.com