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Thesis Gold Drills 7.00 Metres of 11.69 g/t Au at the Bonanza-Ridge Zone
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) ("Thesis" or the "Company") is ple
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 28, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce assay results from the Bonanza-Ridge Zone at the Ranch Gold Project in British Columbia's Toodoggone mining district. Highlights Ridge hole 22RDGDD047 returned 7.00 metres (m) core length of 11.69 grams per tonne (g/t) gold (Au), 5.32 g/t silver (Ag) or 11.76 g/t AuEq** (Table 1), including 2.00 m of 36.43 g/t Au, 11.88 g/t Ag or 36.57 g/t AuEq** (Figures 1). This is the most southerly hole drilled at the Ridge zone and deepest on that section, demonstrating excellent downdip continuity across numerous drill holes. The zone remains open down plunge and along strike (Figure 1). Bonanza hole 22BNZDD018 intercepted over 80.00 m of pervasive alteration from surface that includes 3 separate zones of mineralization (figure 1 & 2); 10.26 m of 2.07 g/t AuEq** 24.00 m of 1.69 g/t AuEq** 5.00 m of 1.83 g/t AuEq** This hole is in the very sparsely drilled Bonanza-Ridge connector zone. A deeper interval in 22BNZDD018 intersected the Bonanza Zone; 30.00 m of 2.00 g/t AuEq**, incl. 12.00 m of 2.82 g/t AuEq**, and 7.08 m of 2.61 g/t AuEq** Strong gold mineralization over wide intercepts at the Bonanza-Ridge Zone further extended mineralization (Figure 1 and Table 1). 22RDGDD029: 10.00 m of 2.28 g/t AuEq** 22BNZDD016: 25.00 m of 1.04 g/t AuEq** Bonanza-Ridge mineralization extends over 700 m along strike. Mineralization associated with northwest and northeast-oriented structures continues to demonstrate good continuity and remains open along strike. Ewan Webster, President, and CEO, commented, \"Drilling activities at the Bonanza-Ridge Zone have produced noteworthy gold and silver intercepts from surface and maintained consistency in grade and continuity at depth. The persistently favorable outcomes thus far demonstrate the immense potential for the resource and highlight the significance of this rapidly expanding area, which will remain a principal area of focus for our upcoming 2023 drill program.\" Drill holes 22BNZDD016-19 intercepted significant intervals of strong mineralization at or near surface in an area with considerable opportunity to expand on the mineralized footprint (Figure 1). The mineralized leached, vuggy-silica-altered rocks intersected near ...