Thesis Gold Inc. (TSXV: TAU) announced today that it has been recently granted by the Government of British Columbia a five-year permit for exploration and drilling on its flagship Ranch Gold-Silver Project. The 17,832-hectare property is located in the Golden Horseshoe of north-central British Columbia.
Following the securing of the permit, the company commenced its fully funded 20,000-metre drill and exploration program on the property. This program also includes surface geochemical sampling, bedrock and alteration mapping, airborne VTEM, magnetic surveys, and ground geophysics.
In an update, Thesis Gold CEO Ewan Webster said, “the mining drills have now started turning on the project and we will be testing the known zones of mineralization, but more importantly a number of new targets that have never been drilled and have the potential for significant new gold discoveries.”
Thesis Gold Inc. last traded at $1.30 on the TSX Venture.
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