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Thesis Gold Drills 46.00 Metres of 3.94 Grams Per Tonne Gold Equivalent, Expanding the Dukes Ridge Deposit
Vancouver, British Columbia--(Newsfile Corp. - October 11, 2023) - Thesis Gold Inc. (TSXV: TAU) (...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Drills 46.00 Metres of 3.94 Grams Per Tonne Gold Equivalent, Expanding the Dukes Ridge DepositVancouver, British Columbia--(Newsfile Corp. - October 11, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to present another set of assay results from the Dukes Ridge deposit at its 100% owned Lawyers Gold-Silver Project. The drill results presented here confirm along-strike continuity of deep, high-grade mineralization at the Dukes Ridge deposit. Following the Company's recent merger, the road-accessible Lawyers and adjacent Ranch Project now comprise a 325 km2 contiguous land package in the prolific Toodoggone Mining District. HighlightsAssay results from numerous Dukes Ridge drill holes intersected intervals of high-grade mineralization within broader mineralized zones (see Table 1 for complete assay results):23DRDD011, the most easterly hole in the high-grade panel intersected upper and lower zones of broadly dispersed mineralization, both of which contain higher-grade sub intervals (Figure 1):Upper zone - 46.00-m-wide interval that begins at 325.00 m core depth returned 2.29 g/t Au and 132.10 g/t Ag, or 3.94 g/t AuEq**including5.41 m of 19.58 g/t AuEq**, 1.36 m of 36.61 g/t AuEq**, and 3.00 m of 8.18 g/t AuEq**Lower Zone - 37.00-m-wide interval beginning at 392.00 m core depth returning 2.09 g/t Au and 85.30 g/t Ag, or 3.16 g/t AuEq** including1.00 m of 11.33 g/t AuEq**0.82 m of 92.17 g/t AuEq**High-grade zones remain open to the southeast, indicating further potential to extend mineralization along strike in the deeper parts of the Dukes Ridge deposit (Figure 2). These results confirm multiple zones of high-grade gold and silver >200 metres beneath the base of the Dukes Ridge open pit shell (Figure 3; Preliminary Economic Assessment - August 2022). The 2022 PEA assessed the Lawyers Gold-Silver Project as an exclusively open pit mining venture. The Company sees an opportunity to enhance project economics by incorporating deep, high-grade mineralization into a potential complimentary underground mining scenario in an updated PEA in 2024. Ewan Webster, President and CEO, commented, \"The Dukes Ridge deposit continues to exceed our expectations, continuing to grow significantly at depth. These results are very encouraging for the planned 2024 resource update ...