Business
Thesis Gold Drills 33.13 m of 17.49 g/t Au at Thesis III Zone, Ranch Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis" or the "Company") is pleased to announc
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 24, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (\"Thesis\" or the \"Company\") is pleased to announce the balance of drilling results from the Thesis III zone, completed during the Company's inaugural drill program at its 100% owned Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Highlights Drill hole 21TH3DD005 returned 33.13 metres (m) core length of 17.49 grams per tonne gold (g/t Au) at the Thesis III prospect, including 4.80 m of 110.90 g/t Au. Drill hole 21TH3DD009 returned 28.22 m of 2.61 g/t Au, including 14.00 m of 4.79 g/t Au. See Table 1 for recent drilling results from the Thesis III zone. Historical sampling of drill core was incomplete, and areas of identified high-grade gold mineralization in contemporary core samples line up with some of the unsampled historical drilling (Figure 2). This suggests an incomplete understanding of mineralization controls in historical logging and sampling, and represents strong upside in some historically drilled areas. The Company plans to continue drilling at and around the Thesis III occurrence in the imminent spring drill program to expand areas of known mineralization and to further understand controls on high-grade gold at Thesis III and elsewhere within the >1.5 kilometre strike-length Thesis Structural Corridor (Figure 1A). The Thesis technical team continues to leverage all available datasets to locate additional zones of mineralization proximal to known zones, such as the recently discovered West Zone at Thesis III that returned 28.00 m of 6.07 g/t Au in hole 21TH3DD012 (see News Release dated February 7th, 2022). Ewan Webster, President and CEO, commented, \"We are very pleased with the results of the 2021 drill program at the Thesis III zone. Confirmation and expansion drilling returned better than expected results, and the recent discovery of the West Zone increases our belief in the robust prospectivity of the Ranch property. We believe that significant upside remains across much of the project area, both for new discoveries and for the expansion of historically drilled zones with insufficient sampling.\" The imminent spring drilling campaign will focus on targets within the Thesis Structural Corridor, including the Bingo, Thesis II, and Thesis II...