Thesis Gold Inc (TSX-V:TAU) has told investors that five holes sunk near the Thesis III occurrence at its Ranch project in British Columbia hit anomalous gold. This year's spring program at Thesis III has now more than doubled the West Zone to over 150 metres (m) of strike, 185m vertical depth and it remains open in all directions.
Among this year's highlights were one hole, which hit an upper interval of 6.50m at 3.27 grams per ton (g/t) gold, starting from just 4.5m depth and a middle interval of 16m of 0.77 g/t gold from 71m depth and a deeper intercept of 64.5m grading 1.24 g/t of the precious metal, starting from 161m depth.
"Drilling in the Thesis Structural Corridor continues to deliver promising results in all areas tested to-date," said Ewan Webster, Thesis Gold CEO, in a statement.
READ: Thesis Gold outlines plans and starts exploration program at Ranch project in British Columbia
"Multiple kilometres of prospective strike-length in this productive structural corridor remain to be tested in the upcoming summer drill campaign, in addition to multiple other untested, kilometre-scale coincident geophysical and surface geochemical anomalies, and expansion drilling targeting known mineralization. The Thesis team is very excited to share results and progress from our drill program in the coming months," he added.
The latest drilling was following up on a hole last year, which returned an intercept of 28m at 6.07 g/t of the yellow metal.
Among this year's highlights were one hole, which hit an upper interval of 6.50m at 3.27 g/t gold, starting from just 4.5m depth and a middle interval of 16m of 0.77 g/t gold from 71m depth and a deeper intercept of 64.5m grading 1.24 g/t of the precious metal, starting from 161m depth.
That last 64.5m intercept included an intersection of 24.40m at 2.29 g/t gold starting from 201m depth.
The Thesis III zone is characterized by shallow to moderate plunges of high-grade mineralization in the Main and West zones and the company said it would "continue to test this trend along-strike for additional high-grade mineralization".
The company is focused on advancing its Ranch gold project - a road-accessible, 178 square kilometre gold-silver-copper project in the prolific Golden Horseshoe area of north-central British Columbia, Canada, around 300km north of Smithers.
Contact the author at giles@proactiveinvestors.com