Thesis Gold Inc (CVE:TAU) (FRA:011) has told investors that an airborne survey has helped it define several prospects at the flagship Ranch gold project in British Columbia (BC), including Golden Furlong, for follow-up work during the upcoming field season.
A 125 square kilometres (sq km) airborne versatile time-domain electromagnetic survey (VTEM) was carried out at the property, which lies in the 'Golden Horseshoe' of north-central BC.
A proven tool
"VTEM is a proven exploration tool and has delineated several promising targets that merit additional work within the Ranch property," said Ewan Webster, CEO of the company.
"Combined with surface geochemistry, bedrock and alteration mapping, and ground-based geophysics, targets developed using the VTEM dataset are robust and increase our confidence in advancing these targets to the drilling stage and generating positive results."
Nearly all the gold occurrences at Ranch are within linear northwest and/or northeast-trending magnetic lows, which correspond to structural corridors, said Thesis.
The VTEM survey identified multiple kilometre-scale magnetic anomalies, which are largely untested by surface geochemistry, mapping, or drilling.
These prospective structural corridors will be the focus of surface sampling and bedrock mapping campaigns to produce robust drill targets, it added.
Sparse historical rock grab sampling has yielded up to 8.43 grams per ton (g/t) gold at Golden Furlong, and the target has not been systematically soil sampled or mapped, it also highlighted.
The company's 17,832 hectare (Ha) Ranch gold project in the "Golden Horseshoe" area of northern British Columbia, sits around 300km north of the town of Smithers.
Contact the writer at giles@proactiveinvestors.com