- Thesis Gold (TAU) has identified new targets at the company’s flagship Ranch Gold Project
- The company identified the targets after completing an airborne geophysical survey
- The Ranch Gold Project is located in the Golden Horseshoe of north-central British Columbia
- The survey yielded several prospective target areas
- Thesis Gold is down 0.69 per cent, trading at $1.44 at 11:10 am ET
Thesis Gold (TAU) has identified new targets at the company’s flagship Ranch Gold Project.
The Vancouver mineral exploration company identified the targets after completing an airborne versatile time-domain electromagnetic survey (VTEM).
The Ranch Gold Project is located in the Golden Horseshoe of north-central British Columbia.
The VTEM survey covered approximately 70 per cent of the Ranch Gold property.
The survey “has yielded several prospective target areas,” according to the company.
The VTEM survey has identified multiple kilometre-scale magnetic anomalies that exhibit a linear geometry parallel to the major structural control orientations for mineralization and are largely untested by surface geochemistry, mapping, or drilling.
The company expects those prospective structural corridors to be the focus of extensive and systematic surface sampling and bedrock mapping campaigns to produce drill targets.
“VTEM is a proven exploration tool and has delineated several promising targets that merit additional work within the Ranch property. Combined with surface geochemistry, bedrock and alteration mapping, and ground-based geophysics, targets developed using the VTEM dataset are robust and increase our confidence in advancing these targets to the drilling stage and generating positive results,” said Thesis Gold President and CEO Ewan Webster.
Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the Golden Horseshoe area of northern British Columbia.
Thesis Gold is down 0.69 per cent, trading at $1.44 at 11:10 am ET.