Thesis Gold Inc. (TSXV: TAU) released today the initial drill results from the recently concluded Thesis III drilling program at the Ranch Gold project in Golden Horseshoe. The assay result yielded 6.07 g/t gold over 28.0 metres.
“This new discovery of parallel high-grade gold mineralization proximal to the Thesis III zone demonstrates the significant discovery potential that exists within the Thesis structural corridor and across the largely underexplored Ranch project,” said CEO Ewan Webster.
Highlights of the drill results include:
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- 21TH3DD012: 6.07 g/t gold over 28.00 metres
- including 9.33 g/t gold over 16.75 metres
- 21TH3DD013: 1.32 g/t gold over 81.12 metres
- including 3.01 g/t gold over 26.25 metres
The drill results led to the discovery of a new mineralized zone west of the Thesis III area, with mineralization confirmed along 80 metres of strike length from five holes.
Marked as the inaugural drilling program at the Ranch Gold project, the activity involved around 19 drill holes were designed to test historically-known mineralization and conceptual exploration targets near the Thesis III occurrence. The mining firm said it will be including the new mineralized zone in the planning of its 2022 drill program.
Thesis Gold last traded at $2.70 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
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