Thesis Gold Inc (TSX-V:TAU) has released more drill results from the summer program at its flagship Ranch project in British Columbia, this time from the Ridge zone, showing the continued expansion of mineralization.
One hole confirmed continuity along broad scale fault structures that transect the Ridge Zone and showed that mineralization remains open along strike and at depth.
Assays from the hole included an interval of 39 metres (m) starting from 161m depth at a grade of 2.56 grams per tonne (g/t) gold, 11.99 g/t silver, or 2.71 g/t gold-equivalent.
Two further holes hit "significant" mineralization between the Ridge and Bonanza zones, said Thesis, with assays including 25m from 53m depth at 3.22 g/t gold, 28.78 silver, or 3.58 g/t gold-equivalent.
READ: Thesis Gold says summer drilling at Ridge project has further underscored its resource potential
Another intercept encountered 12m at 2.97 g/t gold-equivalent, from 70m depth.
"The early assay results that we have received from the Bonanza-Ridge zone continue to deliver robust intervals of broad mineralization, demonstrating continuity along strike and at depth," said Ewan Webster, the CEO of Thesis, in a statement.
"The success ratio of drilling so far this season has been exceptional and over 75% of holes have yet to be received."
Thesis highlighted that the "majority" of initial assay results from the 2022 drill program have delivered "strong, consistent intervals of significant mineralization" and increased the firm's understanding of the geology at Ranch.
Thesis Gold is focused on proving and developing the resource potential of the 17,832-hectare Ranch gold project in the 'Golden Horseshoe' area of northern British Columbia, around 300 kilometres north of Smithers.
Contact the author at giles@proactiveinvestors.com