Thesis Gold Inc (TSX-V:TAU) has hailed initial drill results from the Ridge zone at its Ranch project in British Columbia, which showed strong continuity of high-grade gold and silver from near-surface to a vertical depth of 160 meters (m).
The assays come from the first six of a 12-hole program last year at Ridge, during the firm's inaugural drill program at the asset in the Golden Horseshoe area.
Notably, one hole returned 27m core length at a grade of 6.78 grams per ton (g/t) gold and 161.74 g/t silver, starting from a depth of 131m, which included an intercept of 10m at 16.28 g/t gold and 179.96 g/t silver starting at 143m. Another hole showed 12.4m at 1,47 g/t gold and 49.8 g/t silver from 47.6m depth.
"These strong results from Ridge continue to show the significant potential of this sparsely drilled Zone," said Ewan Webster, Thesis CEO, in a statement.
READ: Thesis Gold reveals promising initial IP survey results from its Ranch project in British Columbia
"Our drilling has confirmed excellent continuity in the mineralization from near surface to over 160 vertical metres and the system remains open both at depth and along strike. 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," he added.
The Ridge zone remains open at depth and its gold and silver mineralization appears to coincide with an extensive silica alteration footprint, which spans over 600m along strike, noted Thesis.
The company said it expected more "strong" results from the balance of the Ridge Zone's 2021 drilling and that it was "continually improving its understanding of the mineralization at Ridge and elsewhere within the Ranch project area".
Thesis Gold is focused on proving and developing the resource potential of its wholly-owned 17,832-hectare Ranch gold-copper asset in the Golden Horseshoe area of northern British Columbia.
Contact the author at giles@proactiveinvestors.com