- Thesis Gold Inc. (TAU) discovers a multi-kilometre gold target at its Ranch Property in B.C.
- The anomalous footprint defined at Alberts Hump is the largest target discovered to-date
- The size of the anomalous footprint at Alberts Hump is significantly larger than others observed within the Ranch property
- Alberts Hump has not seen modern drilling and has potential to add new discoveries
- Thesis has approximately $35 million in working capital that will fund its ongoing 50,000-metre drill program
- Thesis Gold Inc. (TAU) is down 1.23 per cent trading at $2.40 per share as of 1:08 p.m. ET
Thesis Gold Inc. (TAU) has discovered a multi-kilometre gold target at its Ranch Property in B.C.
The company previously completed an exploration program covering significant portions of the property. The combination of all available datasets produced a large, prospective area of interest with corresponding anomalies near the Alberts Hump occurrence consistent with epithermal-style mineralization at Ranch.
The anomalous footprint defined by the 2021 exploration work at Alberts Hump is the largest target discovered to date at Ranch.
The size of the anomalous footprint at Alberts Hump is significantly larger than others observed within the Ranch property, including anomalies observed at the high-grade Bonanza, Thesis III, and BV zones that saw historical gold production.
Linear magnetic features interpreted as structures share orientations commonly associated with mineralization elsewhere within the Ranch property.
The Alberts Hump area has not seen contemporary drilling and represents a strong opportunity to make additional new discoveries given the strength and footprint of observed anomalism in all observed datasets.
Thesis has approximately $35 million in working capital that will fund its ongoing 50,000-metre drill program, which will include testing the Alberts Hump target.
Ewan Webster, President and CEO, commented,
“The Alberts Hump area displays many coincident anomalies from various datasets consistent with epithermal gold mineralization at Ranch… Our recent discoveries at both the Thesis II and Thesis III zones have demonstrated the excellent discovery potential that exists on the project and with our roughly 50,000 metre ongoing 2022 drilling campaign we hope to continue this success and will soon focus our efforts on this very exciting new target at Alberts Hump.”
Thesis Gold Inc. (TAU) is down 1.23 per cent trading at $2.40 per share as of 1:08 p.m. ET.
