Thesis Gold Inc (TSX-V:TAU) has told investors it is planning 50,000 metres (m) of drilling as part of the 2022 exploration activities at its flagship Ranch Gold Project in British Columbia, including expansion drilling at known occurrences, 2021 discovery areas, and exploration drilling following up on targets defined by 2021 surface work.
The explorer said it also intends to complete extensive surface geochemical sampling, bedrock lithology and alteration mapping, and ground-based magnetics and induced-polarization (IP) geophysics.
"We are very excited to execute on this expansive drilling and surface exploration campaign,” the company’s CEO Ewan Webster said in a statement. “Our 2021 exploration program delivered several new discoveries and generated multiple significant new drill targets that we are looking forward to testing this year."
The objectives of the program are to expand on areas of known mineralization, test multi-kilometre scale anomalies generated via 2021 surface work, and produce additional targets for drilling in coming field seasons, it added.
2022 exploration program highlights include:
- Fully funded for more than 50,000 metres of diamond drilling, including:
- Expansion drilling targeting 2021 discovery zones and along-strike extensions at the Thesis II, Thesis III, and JK areas, as well as extending other areas of known mineralization at Bonanza and Ridge.
- Exploration drilling targeting anomalous areas generated during the 2021 surface exploration program, including kilometre-scale epithermal and porphyry targets at the Alberts Hump and Patti-Steve zones.
- Detailed ground magnetic surveys to expand strike lengths of known mineralized northwest- and northeast-trending structural corridors.
- 8.7 km2 planned over two survey areas at 100-metre line spacing.
- High resolution ground IP geophysics to delineate subsurface resistivity and chargeability anomalies associated with mineralization.
- Approximately 12 km2 planned over two survey areas.
- An expansive bedrock lithology and alteration mapping program is planned to contextualize known anomalies and delineate favourable stratigraphy coincident with mineralization indicators in other datasets.
- Sizeable soil and rock grab sampling programs are planned to generate new target areas and extend open anomalies.
- Up to 4,000 soil samples planned to expand on existing anomalies and generate additional epithermal and porphyry drill targets.
- Approximately 1,000 rock grab samples anticipated in a large prospecting program occurring in conjunction with detailed bedrock mapping.
"The project remains largely underexplored and our team is confident that we can continue to deliver exciting new results at Ranch,” Webster concluded.
The Ranch Gold Project is a road-accessible, 178 square kilometre gold-silver-copper project located in the Golden Horseshoe of north-central British Columbia, Canada.
Contact the author at stephen.gunnion@proactiveinvestors.com