- Thesis Gold (TAU) has released its historical trench results from the Ranch Gold Project including 4.53 m of 129.29 g/t Au
- The company’s historical trench data identified 509 trenches with 5437 grab samples collected between 1983-88
- Approximately 6 per cent of the samples returned from 10.4 to 561.48 g/t Au
- There is a strong correlation in gold grades between trench sampling and historical drilling beneath Ranch Gold’s gold-bearing trenches
- A systematic exploration program is forthcoming
- Thesis Gold is a mineral exploration company focused on developing the Ranch Gold Project in B.C.’s Golden Horseshoe
- Thesis Gold (TAU) is trading flat at C$1.20 per share
Thesis Gold (TAU) has released its historical trench results from the Ranch Gold Project including 4.53 m of 129.29 g/t Au.
The company’s historical trench data identified 509 trenches with 5437 grab samples collected between 1983-88. A total of 17 per cent of the samples returned assays between 2.0 to 10.4 g/t Au while 6 per cent returned from 10.4 to 561.48 g/t Au.
Many of the gold-bearing trenches are not drill tested, but there is a strong correlation in gold grades between trench sampling and historical drilling beneath the project’s gold-bearing trenches.
The majority of historical trenches were completed over the Bonanza-Ridge, Thesis II, Thesis III, Bingo and BV zones.
Subsequent drilling results at these zones confirm excellent correlation between surface and subsurface trench results.
Highlights include trench TA86-40 at the Bonanza zone which returned 16.80 m of 6.43 g/t Au from surface. It was also drilled an additional time returning 27.80 m of 25.07 g/ t Au.
The company’s recently completed high-resolution ground magnetic survey identified promising untested gold-bearing corridors that require extensive follow-up.
Approximately 85 per cent of the 178 km2 property has seen no drilling and limited surface sampling.
A systematic exploration program consisting of soil and rock sampling, trenching and additional ground geophysics will provide vectors to mineralization.
The company will support these vectors through detailed geological mapping to advance potential discoveries to the drill-ready stage.
Ewan Webster, Thesis’ President and CEO, commented,
“The historical soil, rock, and trench results indicate that a large gold mineralized system exists on the Ranch project. Six of the twenty-one known gold occurrences have been tested by historical drilling which confirmed high grade mineralization exists from surface to depth and remains open.
The trenching has delineated several multi-line-kilometre gold anomalies that have yet to be drill tested within the heart of the project. The 178 km2 land position remains largely untested by surface sampling and will see a significant exploration program this year to delineate additional targets.”
Thesis Gold is a mineral exploration company focused on developing the Ranch Gold Project in B.C.’s Golden Horseshoe.
Thesis Gold (TAU) is trading flat at C$1.20 per share as of 11:30 am ET.
