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Thesis Gold Drills 128.00 m of 2.49 g/t AuEq, Including 27.00 m of 8.46 g/t AuEq at the Cliff Creek Deposit
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2024) - Thesis Gold Inc. (TSXV: TAU) (...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Drills 128.00 m of 2.49 g/t AuEq, Including 27.00 m of 8.46 g/t AuEq at the Cliff Creek DepositVancouver, British Columbia--(Newsfile Corp. - January 11, 2024) - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to report all remaining assay results from the 2023 drill program at the Company's 100% owned Lawyers Project. The 2023 drilling campaign was strategically designed to enhance the project's value, predominantly exploring depth extensions of the mineralized zones that may be suitable for bulk tonnage underground mining methods. The results from this focused drilling campaign have not only met our objectives, but also indicate potential for expanding the estimated resource in the forthcoming updated Mineral Resource Estimate (MRE). These findings will be incorporated into the subsequent updated Preliminary Economic Assessment (PEA) to establish the economic framework for the potential mineable portion of the resource. The Company's road-accessible Lawyers Gold-Silver Project, and adjacent Ranch Project form a contiguous, 325 km2 land package in the prolific Toodoggone Mining District in northern British Columbia.HighlightsCliff Creek Drilling: Designed to infill and expand high-grade mineralization below modelled open pits, with key highlights;23CCDD001 intersected 6.00 metres (m) of 4.83 grams per tonne (g/t) gold (Au) and 346.11 g/t silver (Ag) or 9.16 g/t gold equivalent (AuEq**)23CCDD020 intersected 7.22 m of 5.59 g/t Au and 199.86 g/t Ag or 8.09 g/t AuEq23CCDD022 intersected 128.00 m of 1.97 g/t Au and 41.71 g/t Ag or 2.49 g/t AuEqIncl. 27.00 m of 7.54 g/t Au and 74.29 g/t Ag or 8.46 g/t AuEqIncl. 0.60 m of 316.00 g/t Au and 881.00 g/t Ag or 327.01 g/t AuEq23CCDD028 intersected 22.00 m of 3.71 g/t Au and 148.72 g/t Ag or 5.57 g/t AuEqIncl. 7.86 m of 9.86 g/t Au and 396.76 g/t Ag or 14.82 g/t AuEqShallower infill intersections with potential resource classification upgrades:23CCDD029 intersected 54.32 m of 1.80 g/t Au and 116.93 g/t Ag or 3.26 g/t AuEqIncl. 39.00 m of 2.27 g/t Au and 156.45 g/t Ag or 4.23 g/t AuEqUpdated MRE: Results to be included in a revised MRE, expected in early Q2-2024. Preliminary Economic Assessment: Focus on an updated PEA in Q3 2024, potentially transforming project economics with the incorporation of a potential underground minin...