Thesis Gold Inc (TSX-V:TAU) is eyeing further drilling at its wholly-owned Ranch gold project in British Columbia as the firm posted positive remaining assays from the Ridge prospect at the property.
A highlight of the results from the latest holes was an intercept of 10.8 metres (m) starting from 85.2m depth, which hit 3.94 grams per ton (g/t) gold and 247.58 g/t silver, or 7.03 g/t gold equivalent (AuEq).
The Ridge zone remains open along-strike and to-depth, noted Thesis, while over 600m of strike length remain to be drill tested.
"The Ridge zone continues to deliver strong drill results, and our team is steadily advancing our understanding of the gold, silver, and copper mineralization controls across the project area as new data becomes available," said Ewan Webster, CEO of Thesis in a statement.
"We are continually adjusting our exploration model and generating additional prospective targets across the Ranch project area and are excited to begin another drilling campaign in short order."
READ: Thesis Gold uncovers new gold zone from 2021 drilling at Thesis III zone at Ranch project
Another drill highlight from Ridge was a 32m length at a grade of 1.52 g/t gold and 40.17 g/t silver found in the southernmost hole drilled at the prospect to date.
The company's Ranch project lies around 300 kilometres north of Smithers, BC and is home to 21 known near-surface epithermal gold deposits and prospects and the company reckons there is a 2 million ounce exploration target there.
Notably, 10,000 ounces of gold have already been produced from Ranch from three small open pits, while 35,500m of core drilling has been undertaken in 433 holes.
Contact the writer at giles@proactiveinvestors.com