Thesis Gold granted 5-year work permit, commences 20,000-meter drill program at Ranch Gold-Silver Project in the Golden Horseshoe

Thesis Gold Inc. has announced that the Government of British Columbia has granted it a five-year work permit for exploration and drilling on its flagship Ranch Gold-Silver Project in the Golden Horseshoe. As a result, the company said it has immediately commenced its fully funded and comprehensive exploration and drill program at the property in the north-central part of the province. The program consists of a 20,000 metre (m) drill program, extensive surface geochemical sampling, bedrock and alteration mapping, airborne VTEM and ground-based magnetics, and induced polarization (IP) geophysics, designed to target near-surface high-grade gold and silver mineralization in addition to deeper porphyry targets. READ: Thesis Gold identifies several prospective targets, including Golden Furlong, at flagship BC project Thesis said the 178 square-kilometer (km2) property is largely unexplored and the geological setting coupled with historical evidence of high-grade mineralization represents a significant opportunity for a major discovery. "The granting of this work permit is a huge milestone for the Company and our collaboration with our First Nation Partners,” said Thesis CEO Ewan Webster in a statement. “The drills have now started turning on the project and we will be testing the known zones of mineralization, but more importantly a number of new targets that have never been drilled and have the potential for significant new gold discoveries. The planned work represents a significant and extensive regional exploration program and we look forward to communicating our progress to the market over the coming months." The exploration program highlights include: 20,000m of diamond drilling Confirmation, expansion, and discovery drilling of untested regional epithermal and porphyry targets Detailed ground magnetic surveys to expand strike lengths of known mineralized northwest and northeast-trending structural corridors 165 line-kilometres planned in two survey areas at 100-metre spacing High resolution ground IP geophysics to delineate subsurface resistivity and chargeability anomalies associated with mineralization 11 km2 planned over two survey areas Airborne VTEM geophysical and radiometric survey covering the unexplored northern portion of the property 51km2 of airborne VTEM planned to complete property-wide coverage Bedrock and alteration mapping is planned to contextualize historical mineralization and generate new targets in prospective areas Sizeable soil and rock grab sampling programs to generate new target areas, with 6,000 soil samples planned and about 1,000 rock grab samples anticipated Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham