Business
Thesis Gold Drills 7.42 Metres of 49.14 g/t Gold at the Bonanza Zone
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) ("Thesis") or the "Company") is pleased to announc
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 18, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (\"Thesis\") or the \"Company\") is pleased to announce additional drill results from the Bonanza Zone, including 7.42 metres (m) core length of 49.14 grams per tonne (g/t) gold in drill hole 21BNZDD010. The Bonanza Zone is one of four primary zones tested during the >16,000 metre inaugural 2021 drill program at its 100% owned Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Highlights Drill Highlights (Table 1) 7.42 m of 49.14 g/t Au, including 4.40 m of 80.00 g/t Au - 21BNZDD010 40.00 m of 3.84 g/t Au, including 11.02 m of 10.89 g/t Au - 21BNZDD009 13.72 m of 11.15 g/t Au, including 1.09 m of 78.35 g/t Au - 21BNZDD016 Two primary northeast and northwest fault structures control Bonanza Zone mineralization; the Zone remains open and now extends northwest over 330 metres and northeast over 260 metres (Figure 1) The Ridge Zone's high-grade mineralization including hole 21RDGDD009 (27.00 Metres of 8.80 g/t AuEq - see Jan 06 news release) may be an offset extension of the northeast part of the Bonanza Zone Gold mineralization is spatially associated with magnetic lows in the hangingwall of major and secondary faults; many of these targets have not yet been drill tested (Figure 1). Ewan Webster, President, and CEO commented, \"These results again demonstrate the high-grade near-surface continuity of the Ranch Project's gold systems. As more results come in, our understanding of the controls on mineralization is evolving, and helping us define new, untested targets near Bonanza. The Ridge Zone shares many geological and geophysical similarities with Bonanza and could represent a northeast extension of the system.\" The 2021 data show a clear spatial link between gold mineralization and property-scale faulting, with elevated gold values in the hangingwall of these structures. The gold is associated with broad zones of silica alteration and associated magnetic destruction that produce linear magnetic low responses. Several new targets have been identified using these criteria. Targets will be further refined through the ongoing integration of new data. The Company will be testing new machine learning and lineament analysis techniques using the integrated dataset, which includes,...