Business
Thesis Gold Drills 13.00 Metres of 26.98 g/t Gold Including 4.00 Metres of 84.92 g/t Gold at Ranch
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2021) - 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. - December 7, 2021) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (\"Thesis\" or the \"Company\") is pleased to announce additional drill results from the Company's maiden drill program at its 100% owned Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Highlights Drill hole 21BNZDD004 returned 13.00 metres (m) core length of 26.98 g/t Au at the Bonanza Zone; including 4.00 m of 84.92 g/t Au from a depth of only 12.00 m downhole (Table 1). Similarly drill hole 21BNZDD007 intersected high-grade gold mineralization from very close to surface returning 11.46 m of 22.74 g/t Au including 7.50 m of 34.63 g/t Au. Gold mineralization at the Bonanza zone effectively begins at surface as indicated by the shallow downhole intercepts in Table 1, which is also consistent with historical drilling results. Assay results continue to indicate a strong correlation between the presence of visible sulphides and elevated gold content in drilling (Figure 1). Thesis completed 16,139 m of drilling for its maiden program across a number of different zones that collectively includes: 3808 metres (30 holes) of confirmation 5159 metres (37 holes) of expansion, and 7171 metres (39 holes) of exploration. Table 1: Assay results from the Bonanza Zone Drillhole From (m) To (m) Interval (m)* Au (g/t) 21BNZDD004 12.00 25.00 13.00 26.98 incl. 20.00 24.00 4.00 84.92 and 40.00 45.44 5.44 1.72 21BNZDD005 9.75 26.41 16.66 2.38 incl. 22.04 22.75 0.71 26.00 21BNZDD006 9.92 59.00 49.08 2.07 incl. 9.92 29.00 19.08 4.25 incl. 24.00 26.00 2.00 19.90 21BNZDD007 34.15 45.61 11.46 22.74 incl. 34.15 41.65 7.50 34.63 incl. 39.95 41.65 1.70 129.15 *Intervals are core-length. True width is estimated between 70-90% of core length. Figure 1: Plan map of completed 2021 and historical drilling at the Bonanza Zone. The Bonanza zone gold mineralization is controlled by a northwest-southeast oriented fault zone and an opposing northeast-southwest fault. This was very poorly understood historically and therefore the target was not systematically drilled. Drill hole 21BNZDD006 was designed to test the northeast limit of historical drilling on that trend. As illustrated on Figure 1 the historical drilling is predominantly parallel to the mineralizing trend, rathe...