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Thesis Gold Drills 20.30 Metres of 4.69 g/t Au, Continuing Bonanza-Ridge Zone Expansion
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) ("Thesis" or the "Company") is plea
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 19, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce assay results from 11 holes drilled at the Bonanza-Ridge Zone during the 2022 field season (Table 1). These results continue to expand the mineralized footprint at the Bonanza-Ridge Zone on the Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada (Figure 1). Highlights Ridge hole 22RDGDD037 returned 20.30 metres (m) core length of 4.69 grams per tonne (g/t) gold (Au), 15.29 g/t silver (Ag) or 4.88 g/t AuEq** (Table 1), including 7.30 m of 9.25 g/t Au, 8.76 g/t Ag or 10.02 g/t AuEq** (Figures 1 & 2). High-grade gold (17.08 g/t Au) was intersected over a 3.30 m interval beginning at 129.70 m depth. High-grade gold in hole 037 demonstrates excellent downdip continuity across numerous drill holes and high-grade gold in rock samples collected at surface (Figure 2). Strong gold mineralization over wide intercepts at the Ridge Zone further extended mineralization at depth and along strike (Figure 1 and Table 1). 22RDGDD015: 15.56 m of 3.79 g/t AuEq** 22RDGDD025: 25.60 m of 1.14 g/t AuEq** 22RDGDD035: 13.33 m of 1.19 g/t AuEq** - (Furthest NE confirmed mineralization) Bonanza-Ridge mineralization now extends over 700 m along strike Mineralization associated with northwest and northeast-oriented structures continues to demonstrate good continuity and remains open along strike. The Company will continue to provide additional results from the 2022 drill program as they become available. Ewan Webster, President and CEO, commented, \"Drilling at the Bonanza-Ridge Zone continues to return significant gold and silver intercepts at surface, while delivering continuity and consistent grade to depth. The consistency of results received thus far supports the tremendous upside on the resource potential of this rapidly expanding target, it will remain a key focus for our 2023 drill program.\" The positive drill results reported here increase the footprint of precious metal mineralization at the Ridge Zone in all directions. Northeast and southwest-directed step-out drilling continues to intersect broad, 10-25 m wide intervals of mineralization, extending the strike length of the Bonanza-Ridge Zone to over 700 m (Table 1). The m...