The final drill results from a 2023 drill program have been released by Thesis Gold (TSXV: TAU). The program, conducted at its Ranch Project in the Toodoggone district of British Columbia, amounted to 30,000 metres of drilling.
The final results of the program come from the Bingo Zone, which is the northernmost extent of the Thesis Structural Corridor. The corridor, at over 1.6 kilometres in length, contains no exposed outcrop, with targeting based entirely on past exploration work. The company has indicated however that geophysics and geochemistry suggest that there is potential for further discoveries in this underexplored area.
Highlights from the results include:
- 23BNGDD024: 8.46 g/t gold, 36.96 g/t silver, 1.72% copper over 20.00 metres from a depth of 69.00 metres
- 23BNGDD028: 2.06 g/t gold, 7.40 g/t silver, 0.23% copper over 15.25 metres from 58.00 metres depth
- 23BNGDD029: 2.79 g/t gold, 4.79 g/t silver, 0.58% copper over 38.90 metres from a depth of 47.00 metres
- 23BNGDD035: 2.64 g/t gold, 51.14 g/t silver, 0.70% copper over 29.20 metres from a depth of 73.00 metres
“These step-out drilling results at the Bingo Zone define strong near-surface mineralization, [..] underscoring the prospect’s significant potential. Doubling the drilling efforts in 2023 has not only expanded the deposit footprint but also provided valuable geological insights, guiding our strategy for future exploration. The consistent presence of high-grade copper further enhances the project’s value and hints at the proximity to a potential porphyry system,” commented Ewan Webster, CEO of Thesis.
A mineral resource update is expected in the second quarter, while an updated preliminary economic assessment is scheduled for release in the third quarter following the exploration undertaken in 2023.
Thesis Gold last traded at $0.47 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.
