Business
Thesis Gold Drills 8.79 metres of 11.97 g/t Gold and Links the Thesis Structural Corridor to over 1.5 kilometres Strike Length
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) ("Thesis" or the "Company") is please
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 23, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce further assay results from the 2022 summer drill program at the Ranch Gold Project in British Columbia's Toodoggone mining district. These results push the boundaries of the Bingo, Thesis III, and Thesis II zones, demonstrating gold mineralization along the >1.5-kilometer (km) Thesis Structural Corridor (Figure 1). Highlights High-grade gold mineralization at Thesis II: 22TH2DD012 returned 8.79 metres (m) core length of 11.97 grams per tonne (g/t) gold (Au), including 2.00 m of 46.50 g/t Au (Table 1, Figure 2). 22TH2DD014 returned 14.90 m core length of 5.48 g/t Au including 2.00 m of 27.00 g/t Au. Infill drilling demonstrates mineralization along the 1.5 km-long portion of the Thesis Structural Corridor that has been drill tested to date (Figure 2). Between Thesis II and Thesis III, hole 22TH3DD022 returned 38.57 m of 1.6 g/t Au including 23.00 m of 2.02 g/t Au. Between Thesis III and Bingo, hole 22BNGDD007 intercepted 34.90 m of 1.30 g/t Au including 12.66 m of 1.73 g/t Au. Mineral domain modelling implies continuity along a 1.5 km trend that stretches from surface to over 400 m downdip in the Thesis III zone, and over 270 m in the Bingo and Thesis II zones. The Company will continue to test the Thesis Structural Corridor with both infill and expansion drilling, as the trend remains open both along strike and at depth. Figure 1: Long section looking NE, at the Thesis Structural Corridor. Mineral domain models are based on historical, 2021, and 2022 drill results. Ewan Webster, President and CEO, commented, \"From the outset of our drilling in the Thesis Structural Corridor, we believed that the system was much larger than previously documented. Today's results continue to demonstrate our initial hypothesis was correct, we are now seeing significant growth come to fruition. The mineralization within the Corridor is showing excellent continuity along the 1.5 km strike extent, and as we continue to expand the mineralized footprint, we are discovering even more promising indications. Our team is currently planning for the 2023 drilling season, and the Thesis Structural Corridor is a primary focus for the upcoming campaign.\" The Bingo, Thesis III,...