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Thesis Gold Discovers New Mineralized Zone at Thesis II; Drills 49.83 Metres of 1.27 g/t Au
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis") or the "Company") is pleased to announce
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (\"Thesis\") or the \"Company\") is pleased to announce drilling results from the Thesis II zone, including the discovery of a new mineralized system, from the Company's inaugural 2021 drill program at its 100% owned Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Discovery Zone Drill Highlights The newly discovered south zone was intersected in three 2021 drill holes: 21TH2DD009: 49.83 metres (m)* of 1.27 g/t Au, including 8.07 m of 4.22 g/t Au. 21TH2DD008: 26.20 m* of 1.42 g/t Au, including 5.00 m of 3.73 g/t Au. 21TH2DD003: 20.36 m* of 1.60 g/t Au, including 3.50 m of 6.50 g/t Au. Additional results from Thesis II area drilling are available in Table 1. As defined by current drilling, the new zone is situated approximately 40 metres southwest from the main zone at Thesis II, has a strike-length >50 metres, has been intersected up to 100 vertical metres from surface, is in excess of 20 metres wide, and remains open in all directions. Thesis II Drilling - Key Points The Company completed eight drill holes testing historical mineralization and conceptual targets proximal to the Thesis II occurrence in 2021. Drill results have confirmed high-grade mineralization at Thesis II and encountered a new mineralized zone southwest of historical drilling. The newly discovered southern zone appears to be a subvertical, structurally-controlled system that parallels existing mineralization at Thesis II. The southern zone remains open in all directions and will be targeted during the ongoing spring drilling program. The Thesis technical team continues to investigate the robust datasets collected in 2021 to generate new and prospective exploration targets for drilling during 2022. Ewan Webster, President and CEO, commented, \"This second recent discovery within the Thesis Structural Corridor demonstrates the opportunity that exists to make additional discoveries within this fertile area and continue expanding on known zones of mineralization. Our ongoing drill campaign is currently following up on these discoveries and we look forward to sharing those results as they become available.\" The Company is currently executing a spring drilling campaign focused within the >1.5 kilomet...