Business
Thesis Gold Commences 50,000 Metre Drill Program at Ranch
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2022) - Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") is pleased to announce the commencement
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 16, 2022) - Thesis Gold Inc. (TSXV: TAU) (\"Thesis\" or the \"Company\") is pleased to announce the commencement of a fully-funded exploration program that will include up to 50,000 metres of core drilling at the Company's flagship 178km2 Ranch Gold-Copper Project (the \"Property\"), located in the Golden Horseshoe of north-central British Columbia, Canada. The Company is now completing camp upgrades that will increase exploration efficiencies and streamline core processing to accommodate an increase to four core drilling rigs and additional personnel for substantial follow-up surface work. Ewan Webster, President and CEO, commented, \"We are extremely excited to begin this major 50,000-metre drilling campaign. Our group has evaluated all datasets collected last year and the technical team has developed many prospective targets that will be drill-tested in the coming months. Given the successes of last year's maiden drill program, we are confident that additional discoveries are probable this season and we look forward to communicating our progress as the program advances and sharing results as they become available.\" Planned exploration program highlights: Fully funded for 50,000 metres of diamond drilling, including: Expansion drilling targeting 2021 discovery zones and along-strike extensions at the Thesis II, Thesis III, Bingo, and JK areas, as well as extending other areas of known mineralization at Bonanza and Ridge. Exploration drilling targeting anomalous areas generated during the 2021 surface exploration program, including kilometre-scale epithermal and porphyry targets at the Alberts Hump and Patti-Steve zones (Figure 1). Detailed ground magnetic surveys to expand strike lengths of known mineralized northwest- and northeast-trending structural corridors. 8.7km2 planned over two survey areas at 100-metre line spacing. An expansive bedrock lithology and alteration mapping program is planned to contextualize known anomalies and delineate favourable stratigraphy coincident with mineralization indicators in other datasets. The mapping campaign will also include a robust structural mapping component to better understand relative timing of faults and structural controls on mineralization. Sizeable soil and rock grab sampling programs are planned to generate new...