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Thesis Gold Drills 34.00 Metres of 19.56 g/t Au at Ranch Gold-Copper Project
Vancouver, British Columbia--(Newsfile Corp. - October 5, 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. - October 5, 2021) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (\"Thesis\" or the \"Company\") is pleased to announce initial drill results from the Company's maiden 20,000 metre (m) drill program at its 100% owned Ranch Gold-Copper Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Strongly altered zones from the first three holes at the Bonanza Zone were selected for rushed analysis, the results are presented in Table 1. Highlights Drill hole 21BNZDD001 returned 34.00 m core length of 19.56 g/t Au at the Bonanza Gold Zone; including 15.00 m of 41.64 g/t Au and 7.00 m of 82.48 g/t Au from a depth of only 26 metres downhole (Table 1). Similarly drill hole 21BNZDD003, a 15 metre step out from 21BNZDD001 intersected high-grade gold mineralization essentially at surface returning 24.86 m of 9.53 g/t Au including 5.65 m of 28.72 g/t Au. Of the planned 20,000 m drill program, over 6,000 metres has been completed to date at the Bonanza and Ridge Gold Zones that includes confirmation, expansion, and exploration drilling (Figure 1). Two diamond drill rigs are currently turning at Bonanza, but will shortly be moving to the Thesis 2 & 3 Gold Zones to complete a similar confirmation and expansion program. Third drill rig added. A track mounted reverse circulation (RC) drill rig has recently been added and is testing over 10 new exploration targets at the heart of the project. Vuggy silica and pervasive silicification, with local hydrothermal brecciation, are the best indicators of elevated gold within the high sulphidation epithermal alteration envelope. Additionally, historical drill logs and early assay results indicate a strong correlation between the presence of copper sulphides and gold content in drilling (Figure 1). Table 1: Initial partial assay results from the Bonanza Zone Drillhole From (m) To (m) Interval (m)* Au (g/t) Zone 21BNZDD001 26.00 60.00 34.00 19.56 Bonanza including 26.00 41.00 15.00 41.64 including 26.00 33.00 7.00 82.48 21BNZDD002 9.46 15.46 6.00 0.72 Bonanza and 40.00 55.32 15.32 1.87 including 44.75 46.87 2.12 4.34 and including 50.00 52.00 2.00 4.64 21BNZDD003 10.06 34.92 24.86 9.53 Bonanza including 18.00 33.50 15.50 14.25 including 27.35 33.00 5.65 28.72 *Intervals are core-length. True width is estim...