Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) has identified a range of new targets through initial interpretation of results from a large, induced polarization (IP) survey spanning the Patti and Steve prospects at the Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada.
The new epithermal targets with a potential porphyry source at depth are coincident alteration mapping, soil and rock geochemistry, including rock grab samples up to 45.6 g/t gold. The Patti and Steve prospects are situated within the central portion of the Ranch project.
Highlights
- Coincident high resistivity and moderate to high chargeability anomalies identified at the Patti and Steve prospects have the same geophysical fingerprint as recently drilled epithermal gold mineralisation at the Bonanza, Thesis II and Thesis III prospects three kilometres to the north.
- Highlights from Bonanza include 34m of drill core length with an average grade of 19.56 grams per tonne gold (g/t); including 7.00 m of 82.48 g/t gold from a depth of only 26 metres downhole.
- The identified geophysical anomalies at Patti and Steve are coincident with surface geochemistry anomalies and bedrock alteration mapping completed during the 2021 exploration programme.
- A large, concentric resistivity high flanked by a moderate to strong chargeability response beginning at only 300 metres depth is interpreted by the Company to represent a prospective porphyry-style target.
- The resistivity high is likely due to the presence of a large intrusive body, and the flanking chargeability high may represent alteration and sulphidation of the surrounding country rock with the potential for porphyry mineralisation.
- The presence of strong epithermal targets in multiple datasets above the deeper anomaly supports the interpretation of a porphyry source at depth.
“Our systematic exploration programme on the project this year has proven very effective at delineating new targets,” President and CEO, Ewan Webster, said.
“These 3D IP results are very exciting and have certainly generated compelling epithermal targets and a possible deeper porphyry source. Drill planning is now underway as we look to test these new targets in 2022.”
For further in information please visit: https://www.thesisgold.com/
