Business
Thesis Gold Drills 4.05 m of 119.49 g/t Gold at the Bonanza Zone
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2023) - Thesis Gold Inc. (TSXV: TAU) (...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Drills 4.05 m of 119.49 g/t Gold at the Bonanza ZoneVancouver, British Columbia--(Newsfile Corp. - October 24, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to report assay results from the Bonanza Zone at its 100% owned Ranch Gold Project. The drill program at Ranch has focused largely on definition and exploration drilling in preparation for a maiden resource estimate expected in Q2 2024. The Ranch Project is road-accessible by way of the Company's Lawyers Gold-Silver Project, and together the two projects form a contiguous, 325 km2 land package in the prolific Toodoggone Mining District in northern British Columbia.Highlights23BNZDD001 intercepted 4.05 metres (m) of 119.49 grams per tonne (g/t) gold (Au) beginning at 30.95 m core length (Table 1, Figures 1 and 2).Including a 2.00 m zone of 231.00 g/t Au23BNZDD004 returned 12.57 m of 3.87 g/t Au, including 2.79 m of 8.61 g/t Au beginning at 9.00 m core length (Table 1, Figure 1 and 2).23BNZDD013 returned 6.11 m of 5.39 g/t Au, including 1.77 m of 11.63 g/t Au from 93.89 to 100 m core depth (Table 1, Figures 1 and 2).This hole demonstrates continuation of high-grade mineralization at depth along a south-southeasterly trend off the main zone at Bonanza. This spur trend remains open for further testing. Shallow, targeted drilling continues to verify the expected grades, thickness and continuity of modelled high-grade mineralization at the Bonanza zone, positioning the Company for a maiden resource estimate at the Ranch Gold Project in Q2 2024. Ewan Webster, President and CEO, commented, \"We are very pleased with today's results; Bonanza is certainly living up to its name with hole one. The key to this year's program at Bonanza-Ridge is to further define the high-grade, near-surface mineralization as we work towards a maiden resource estimate. Assays are pending from up-dip drilling at the Ridge zone, where we expect additional strong results within this interconnected fault network of northeast and northwest structures, defining over 1 kilometer of drill-tested mineralized strike extent. Drilling is still ongoing at several zones across the project, and we look forward to sharing those results as they become available.\"Mineralization at Bonanza is hosted in variably altered, crystal lithic tuff. These ro...