Thistle Resources (TSX-V:TRCG, OTC:TRCGF) earlier this week reported encouraging drill results from its flagship Middle River Gold project in New Brunswick's Bathurst Mining Camp, with management saying the latest intersection continues to support the scale and growth potential of the emerging gold system.
Speaking with Proactive, chief executive Patrick Cruickshank said drill hole 21TRC-AU007 returned a significant gold-bearing interval from a shallow section of the deposit. The hole formed part of the company's ongoing drilling campaign aimed at expanding and defining mineralisation at Middle River.
Cruickshank reported that the 74-metre drill hole intersected 21 metres of significant gold mineralisation at a composite grade of approximately 1.66 g/t gold. He described the result as "a pretty rich composite over 74m" and noted that it also contained stronger intervals over eight metres and 14 metres.
The CEO said the result further validates the company's exploration model. Thistle has identified seven kilometres of mineralised folds across the project area through geophysical work undertaken with specialist partners. To date, the company has defined a deposit extending roughly 400 metres along one of those folds.
A key catalyst for investors will be the company's continued drilling program. Cruickshank explained that Thistle intends to focus on expanding the current mineralized trend before progressing to additional targets. The strategy is designed to support future inferred and indicated resource estimates through systematic step-out drilling and improved drill density.
Speaking with Proactive, chief executive Patrick Cruickshank said drill hole 21TRC-AU007 returned a significant gold-bearing interval from a shallow section of the deposit. The hole formed part of the company's ongoing drilling campaign aimed at expanding and defining mineralisation at Middle River.
Cruickshank reported that the 74-metre drill hole intersected 21 metres of significant gold mineralisation at a composite grade of approximately 1.66 g/t gold. He described the result as "a pretty rich composite over 74m" and noted that it also contained stronger intervals over eight metres and 14 metres.
The CEO said the result further validates the company's exploration model. Thistle has identified seven kilometres of mineralised folds across the project area through geophysical work undertaken with specialist partners. To date, the company has defined a deposit extending roughly 400 metres along one of those folds.
A key catalyst for investors will be the company's continued drilling program. Cruickshank explained that Thistle intends to focus on expanding the current mineralized trend before progressing to additional targets. The strategy is designed to support future inferred and indicated resource estimates through systematic step-out drilling and improved drill density.
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