Thesis Gold (TSXV: TAU; US-OTC: THSGF) says its latest drill results expand mineralization in the JK zone at the Ranch project in north-central British Columbia.
The results lengthened mineralization along north-south trending structures in the JK zone to 230 metres from 60 metres at the project southeast of Dease Lake, Thesis said on Wednesday.
Drillhole 23JKDD001 returned 20 metres grading 2.93 g/t gold; drillhole 23JKDD011 returned 9.37 metres at 2.03 g/t; and drillhole 23JKDD005 intercepted 69.83 metres grading 1.28 g/t.
Mineralization remains open to the north while a potential structure offsets mineralization to the south, the company said. The zone is 270 metres south of the main access road midway between the Thesis Structural Corridor and the Bonanza-Ridge zone.
“The JK Zone has grown significantly in strike length, exhibits near surface high-grade mineralization and remains open for testing in 2024,” president and CEO Ewan Webster said in the release. “The expansion of mineralization and the identification of new targets underscore our commitment to realizing the full potential of the Ranch project.”
