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Thesis Gold Discovers Another Parallel Mineralized Zone at Thesis II; Drills 27.26 Metres of 2.93 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announce ass
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (\"Thesis\" or the \"Company\") is pleased to announce assay results from the first four holes completed during the 2022 spring drill program near the Thesis II occurrence. All four of these expansion holes hit significant mineralization, including a new discovery (the \"West zone\"), demonstrating how prospective the Thesis Structural Corridor remains for significant gold endowment. These latest results are from the Company's recently completed 2022 spring drilling program at its 100% owned Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada. West Zone Drill Highlights The West zone has been intersected in two holes to-date: 22TH2DD004: 59.00 metres (m)* of 1.60 g/t Au, including 7.70 m of 5.20 g/t Au. 22TH2DD003: 13.65 m* of 1.37 g/t Au, including 6.00 m of 2.50 g/t Au. Additional results from the Thesis II area drilling are available in Table 1. The West zone appears to be an additional parallel zone of mineralization situated approximately 50 metres from the South Zone (discovered during the 2021 drilling campaign - see News Release dated March 21, 2022). As defined by current drilling results, this new zone is situated approximately 50 metres southwest of the South zone at Thesis II (~100 metres from the Main zone), has a strike-length >100 metres, has been intersected up to 140 vertical metres from surface, is in excess of 20 metres wide, and remains open in all directions. The defined strike length of the new West zone increases to >150 metres when logging observations in 22TH2DD006 are included, although assay results for that drill hole remain pending. Thesis II Drilling - Key Points The Company completed seven drill holes near the Thesis II occurrence during the spring program. Drill targets were designed to: extend known mineralization at Thesis II along strike and to depth; follow up on the South Zone discovery of 2021; and test conceptual targets proximal to the Thesis II occurrence. The Thesis II main corridor, as defined by current drilling, has expanded to approximately 150 metres wide by 350 metres in strike length, and is represented by a series of sub-parallel mineralized fault zones that average approximately 20 metres wide (Figure 2). Only a portion o...