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Thesis Gold Drills 50.30 Metres of 1.86 g/t Au from Surface at the Bingo Zone
Vancouver, British Columbia--(Newsfile Corp. - February 9, 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. - February 9, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce initial assay results from the Bingo Zone at the Ranch Gold Project in British Columbia's Toodoggone mining district. These holes were drilled during the 2022 summer drill program and were designed to test the scale and scope of a new zone that the Company discovered in the spring of 2022. Highlights Drill hole 22BNGDD009 returned a broad, 80.30 metre (m) interval of vuggy silica alteration including: 50.30 m core length of 1.86 grams per tonne gold (g/t Au). A 12.00 m zone of no recovery within the 86.00 m interval of silicified andesite is attributed to the intensely altered and brittle nature of the andesitic volcanic rocks. Other zones on the project share similar characteristics and are often associated with elevated gold grades. Drill hole 22BNGDD008 contains numerous intervals of significant gold mineralization (see Table 1 for complete results) including: 18.72 m core length of 1.50 g/t Au containing a 5.46 m high-grade zone of 4.12 g/t Au. Drilling at Bingo indicates steeply dipping zones of epithermal gold mineralization controlled by an interconnected fault network in the northwest most extent of the Thesis Structural Corridor (Figures 1 and 2). Drill results from 22BNGDD008 and 22BNGDD009 outline a mineralized strike-length of >200 m that remains open along strike and at depth. Assays are pending for additional drilling between Bingo and Thesis 3, where logged alteration and structural relationships associated with known gold mineralization suggest the zones are potentially linked. Ewan Webster, President, and CEO, commented, \"Our 2022 expansion drilling continues to deliver excellent results. Today's results include the northernmost hole drilled at Bingo to date, leaving the zone wide open for expansion along strike. Overall, the results from the 2022 work are showing strong, near-surface gold mineralization over a large area with only sparse historical drilling. We see tremendous expansion potential in this Zone and along the entire Thesis Structural Corridor.\" Drilling at Bingo was designed to expand on a new discovery from the 2022 spring drill program, 22BNGDD001 (see June 13th news release). Mineralization encountered...