Thesis Gold Inc. (TSXV: TAU) has obtained promising initial drill results from the Ridge Zone, completed during the company’s inaugural drill programme at its 100% owned Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada.
Highlights
- Drill hole 21RDGDD009 returned 27.00 m core length of 6.78 g/t gold (Au) and 161.74 g/t silver (Ag), or 8.80 g/t gold equivalent (AuEq) at the Ridge Zone, including 10.00 m of 16.28 g/t Au and 179.96 g/t Ag or 18.53 g/t AuEq.
- Strong mineralisation was initially identified from 13 partially sampled 1980’s exploration holes at the Ridge Zone.
- Twelve 2021 holes were designed to test the Ridge Zone’s gold and silver potential. Initial results from the first six holes demonstrate strong continuity of high-grade gold and silver mineralisation from very near-surface to a vertical depth of 160 metres. The Zone remains open at depth.
- Shallower Ridge Zone intercepts contain significant silver content (21RDGDD009, 27.00 m of 161.74 g/t Ag) potentially representing a higher level or more distal part of the overall epithermal system compared to Bonanza and other zones on the property.
- The Ridge Zone gold and silver mineralisation appears to coincide with an extensive silica alteration footprint, which spans over 600 m along strike with locally outcropping silica ridges.
President and CEO, Ewan Webster, said these strong results from Ridge continue to show the significant potential of this sparsely drilled Zone.
“Our drilling has confirmed excellent continuity in the mineralisation from near surface to over 160 vertical metres and the system remains open both at depth and along strike.
“The remainder of the pending holes from Ridge also intersected strong zones of alteration, typical of this Zone and others like the adjacent Bonanza Zone.”
Mineralisation at Ridge remains open along-strike and to depth, and most of the mapped alteration zone remains to be drill-tested. Exploration holes 21RDGDD004 and 21RDGDD005 were planned to test geophysical anomalies and observed alteration at the surface.
Although the holes didn’t return significant results, they did encounter broad zones of alteration as expected. The massive silica encountered in holes 004 and 005 supports the interpretation of Ridge as a large hydrothermal alteration system and combined with other datasets, will help target more productive parts of the system.
Elsewhere within the Ranch property unmineralised massive silica often flanks gold-bearing vuggy silica and leached zones.
The company anticipates additional strong results from the balance of the Ridge Zone’s 2021 drilling and is continually improving its understanding of the mineralisation at Ridge and elsewhere within the Ranch project area.
For further information please visit: https://www.thesisgold.com/
