This summer's program will include 30,000 m of diamond drilling, surface-rock and soil sampling, and ground geophysics.
2022 Drill highlights from the TSC include: 22BNGDD009, the northern most hole drilled within the TSC returned 50.30 m of 1.86 grams per tonne gold (g/t Au) within a broader, 80.30 m interval of vuggy silica alteration.
At the southern limits of the TSC 22THDD004 returned 59.00 m of 1.60 g/t Au .
22TH3DD015 was one of the deepest holes drilled last year and returned 95.70 m of 1.60 g/t Au .
2022 Drill highlights from Bonanza-Ridge include: 22RDGDD0047: 7.00 m of 11.69 g/t Au at the southern-most extent of the Ridge zone (see press release from
22BNZDD008: 91.00 m of 1.81 g/t Au in the area between the main Bonanza and Ridge zones.
Development and expansion of new discoveries and established targets: drilling will focus on Steve, JK, and BV.
Initial drilling of new exploration targets: drilling will target coincident geophysical and geochemical anomalies proximal to known mineral occurrences.
Surface studies will include the collection over 170 line-km of ground magnetics and 1,200 soil samples. Both exploration methods have proven extremely effective in delineating mineralized trends and have, in part, led to new discoveries. Additionally, bedrock lithology, alteration, and structural mapping will seek to characterize 22 km2 of underexplored areas to build on the regional geological context of the project.
Drilling
The Thesis Structural Corridor (TSC) and Bonanza-Ridge zone have been the primary focus of
To date, drilling at the TSC indicates that mineralization stretches for over 1.5 km and reaches a depth of at least 400 vertical metres. This zone is represented by a broad, >2 km long by >320 m wide, magnetic anomaly that transects the property; it likely represents a broad fault zone that was conducive for circulating mineralization-related fluids associated with a larger magmatic-hydrothermal system. Furthermore, fault-controlled mineralization at the Bonanza-Ridge zone occurs within-and at the intersection of-numerous structures, measures approximately 700 metres across, and reaches a depth of approximately 300 vertical metres. The geochemical and geophysical footprint associated with the Bonanza-Ridge deposit area extends beyond the current limits of drilled mineralization, indicating significant potential for growth.
Target growth and development at JK, Steve, and BV will follow up on previous work. Last year's discovery at the Steve zone returned 119.20 m of 0.97 g/t Au. Two-hundred and twenty metres along strike a second hole intersected the same mineralized zone, indicating this target has significant scale potential. In 2021, exploration drilling at the JK target returned a 20.42-metre-long interval of 5.11 g/t Au. The BV target area underlies the historical
The final component of this summer's drill program will involve exploration drilling designed to continue testing geochemical and geophysical anomalies that extend from known mineral occurrences, highlighting the potential for a significant hydrothermal mineralizing system across the entirety of the Ranch property.
Field Studies and Surface Characterization
A geophysical, ground magnetic survey, and geochemical soil sampling program will target the Border and Metsantan zones which are situated approximately 3.5 km southwest of the Steve zone. This region of the property has been prioritized due to significant mineralization in surface rock grab samples. Between the two target areas, over 25 historical and modern rock samples have returned over 1 g/t Au, including:
Two surface-rock samples collected from the Border zone in 2022 yielded 2.94 g/t Au and 90.3 g/t silver (Ag), and 3.47 g/t Au and 53.4 g/t Ag.
At the Metsantan zones a rock sample collected in 2022 yielded 69.5 g/t Au and 36.2 g/t Ag.
The results of geophysical and geochemical surveys at the Border and Metsantan targets will help guide future exploration, and potentially drilling at these zones. Fieldwork will also include detailed geological mapping to build on regional-scale, deposit-hosting geological context, while soil and surface-rock sampling will further our understanding of the system-wide geochemical framework. Structural mapping, in conjunction with additional ground geophysics will aid in delineating structural complexities that are likely to host mineralization in the underexplored, southern portion of the property.
About
Contact:
Tel: 403-410-7907
Email: nicks@thesisgold.com
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