Thesis Gold Inc (TSX-V:TAU) announced additional drill results from the Bonanza Zone at its 100% owned Ranch gold-copper project in British Columbia, which included 7.4 metres (m) core length of 49.1 grams per tonne (g/t) gold.
The company said the Bonanza Zone now extends northwest over 330m and northeast over 260m and is one of four primary zones tested during the more than 16,000m inaugural 2021 drill program.
“These results again demonstrate the high-grade near-surface continuity of the Ranch Project's gold systems,” Thesis Gold CEO Ewan Webster said in a statement.
READ: Thesis Gold says initial drill results from Ridge zone in BC has confirmed 'excellent' continuity of high-grade mineralization
“As more results come in, our understanding of the controls on mineralization is evolving, and helping us define new, untested targets near Bonanza. The Ridge Zone shares many geological and geophysical similarities with Bonanza and could represent a northeast extension of the system,” Webster added.
Thesis Gold noted that 2021 data show a clear spatial link between gold mineralization and property-scale faulting at the Bonanza Zone, with elevated gold values in the hangingwall of these structures.
It added that several new targets have been identified using these criteria but have not yet been drill tested.
As well, the company said it will be testing new machine learning and lineament analysis techniques using the integrated dataset, which includes light detection and ranging (LiDAR), ground-magnetics, versatile time domain electromagnetic (VTEM), soil/rock geochemistry, and bedrock/alteration mapping.
Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch gold-copper project located in the Golden Horseshoe area of northern British Columbia.
Contact Sean at sean@proactiveinvestors.com