Thesis Gold Inc (TSX-V:TAU) said the summer program at its 100%-owned Ranch Gold Project in the Toodoggone region of northern British Columbia will include around 30,000 metres (m) of diamond drilling, surface-rock and soil sampling, and ground geophysics.
The company said the objectives will be to expand resource drilling at the Thesis Structural Corridor (TSC) and the Bonanza-Ridge Zone where mineralization remains open at depth and along strike as well as develop and expand new discoveries and established targets.
Another objective is the initial drilling of new exploration targets, focusing on coincident geophysical and geochemical anomalies proximal to known mineral occurrences.
Thesis Gold noted that the Thesis Structural Corridor and Bonanza-Ridge zone have been its primary focus since 2021. To date, drilling indicates that mineralization stretches for over 1.5 km and reaches a depth of at least 400 vertical metres.
It added that the geochemical and geophysical footprint associated with the Bonanza-Ridge deposit area extends beyond the current limits of drilled mineralization, indicating significant potential for growth.
"Building on the success of last year's drill campaign our team has planned an extensive 30,000-metre program that is focused on growing our key zones through targeted expansion drilling as we work towards a maiden resource. Furthermore, we are committed to exploring new target areas by continuing our exploration drilling, aiming to uncover promising new discoveries,” Ewan Webster, Thesis Gold president and CEO, said in a statement.
“We will have three drill rigs turning on the project in the next few weeks and look forward to sharing updates and results with shareholders. Thesis also continues working towards the near-term completion of the merger with Benchmark Metals. Between the two companies we will complete a fully funded 50,000-metre drill program this season that will help define for the first time a global resource, encompassing both projects."
Thesis Gold also said that growth and development at the JK, Steve, and BV areas will follow up on previous work.
“Last year's discovery at the Steve zone returned 119.20m of 0.97 g/t [grammes per tonne] Au. Two-hundred and twenty metres along strike a second hole intersected the same mineralized zone, indicating this target has significant scale potential. In 2021, exploration drilling at the JK target returned a 20.42m-long interval of 5.11 g/t Au," the company noted.
It said a geophysical, ground magnetic survey and geochemical soil sampling program will target the Border and Metsantan zones which are situated approximately 3.5 km southwest of the Steve zone, adding that the results will help guide future exploration, and potentially drilling at these zones.
Thesis Gold is a mineral exploration company 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 km north of Smithers.
Contact the author at jon.hopkins@proactiveinvestors.com