Thesis Gold (TSX-V:TAU) CEO Ewan Webster talked to Proactive Investors about additional results from the maiden drill program at its 100% owned Ranch gold-copper project in British Columbia. These, included 13 metres (m) of 27 grams per tonne (g/t) gold at the Bonanza Zone from a depth of 12m downhole.
Webster says gold mineralization at the Bonanza zone was ‘spectacular,’ at surface, and is also consistent with historical drilling results.
This news comes two months after releasing its first set of drill results. Thesis Gold Drills 34.00 Metres of 19.56 g/t Au at Ranch
Highlights from the first set of results included:
- Drill hole 21BNZDD001 returned 34.00 m core length of 19.56 g/t Au at the Bonanza Gold Zone; including 15.00 m of 41.64 g/t Au and 7.00 m of 82.48 g/t Au from a depth of only 26 metres downhole (Table 1).
- Similarly drill hole 21BNZDD003, a 15 metre step out from 21BNZDD001 intersected high-grade gold mineralization essentially at surface returning 24.86 m of 9.53 g/t Au including 5.65 m of 28.72 g/t Au.
Mining investors are paying attention. Not only are these results consistent and very high grade, but they are near the surface which indicates the potential for very low cost recovery of the gold. What’s even more exciting is that the company has only released the first seven holes. Assay results from another 99 holes will be announced over the coming months.
To learn more about Thesis Gold, please visit. https://thesisgold.howardgroupmomentum.com/