Business
Thesis Gold Drills 91.00 m of 1.92 g/t AuEq,Including 35.00 m of 3.06 g/t AuEq at Bonanza
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2022) - 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. - November 7, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce an update on recent assay results from the 2022 summer drill program from the Bonanza-Ridge Zone at the Ranch Gold Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Highlights Bonanza hole 22BNZDD008 returned 91.00 metres (m) core length of 1.81 g/t gold (Au), 8.41 g/t silver (Ag) or 1.92 g/t AuEq (Table 1), including 35.00 m of 2.93 g/t Au, 10.36 g/t Ag or 3.06 g/t AuEq (Figure 1). Ridge hole 22RDGDD004 returned 19.25 m core length of 1.85 g/t Au, 58.21 g/t Ag or 2.58 g/t AuEq, including 12.0 m of 2.93 g/t Au, 65.46 g/t Ag or 3.75 g/t AuEq. These positive assay results demonstrate broad intervals of significant mineralization that in many cases begin at or near surface (Table 1; Figure 1). Expanding mineralization along both northwest and northeast faults Drill holes 22BNZDD005 & 009 tested a new northwest oriented fault zone and intersected significant mineralization including 18.38 m of 1.62 g/t Au, 4.76 g/t Ag or 1.68 g/t AuEq. Linear magnetic lows are typically associated with fault structures that are often mineralized, and in many cases, the more intense lows are associated with broader zones of higher-grade mineralization, for example 22BNZDD008 (Figure 1). Many of these magnetic lows have yet to be drill tested, demonstrating significant discovery potential outside of the known mineralized zones. Early assay results from the 2022 drill program continue to deliver strong results, significantly expanding historical gold zones and further demonstrating the connectivity and scalability of the mineralized domains within an interconnected fault network at the Ranch Project (Figure 2). Broadly continuous mineralization over significant strike extents rather than isolated mineralized zones indicates the larger resource potential of the Ranch Gold Project. Ewan Webster, President, and CEO commented, \"The success of the step-out drilling program at Bonanza and Ridge continues to demonstrate expanding zones of broad shallow mineralization along strike. In addition, as we test new parallel structures, we continue to discover widespread mineralization. Collectively, this demonstrates the ability of dominant northwest...