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Thesis Gold Extends Dukes Ridge Mineralization to Depth; Intersects 16.52 m of 9.68 g/t AuEq
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2023) - Thesis Gold Inc. (TSXV: TAU) (W...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Extends Dukes Ridge Mineralization to Depth; Intersects 16.52 m of 9.68 g/t AuEqVancouver, British Columbia--(Newsfile Corp. - August 29, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2JM2X) (OTCQX: BNCHD) (\"Thesis\" or the \"Company\") is pleased to present the first drill results of the 2023 drill campaign that extends high-grade mineralization to a depth of ~400 metres at the Dukes Ridge Deposit. The Lawyers Gold-Silver Project is 100% owned by Thesis Gold following the Company's recent merger. The Project, accessible by road in the prolific Toodoggone Mining District is contiguous with the Company's adjacent Ranch Gold Project, collectively creating a 325 km2 land package.HighlightsAssay results from three completed Dukes Ridge drill holes that intersected broad intervals of mineralization include (Table 1):23DRDD001: 45.00 meters (m) of 1.03 grams per tonne gold (g/t Au) and 51.53 g/t silver (Ag), or 1.67 g/t gold equivalent (AuEq*) beginning at 376 m hole depth.23DRDD002: 68.00 m of 1.25 g/t Au and 65.65 g/t Ag, or 2.07 g/t AuEq*23DRDD003: 53.00 m of 2.12 g/t Au and 104.95 g/t Ag, or 3.43 g/t AuEq* including a 16.52 m wide zone of 9.68 g/t AuEq*These results are the deepest ever reported from the Dukes Ridge Deposit and demonstrate excellent continuity in the high-grade mineralization at depth (Figure 1). Additional 2023 drilling along strike and at depth below these results also encountered visually strong mineralization and alteration. Results from these holes are anticipated shortly.The 2023 drilling at the Lawyers Project is confirming high grade mineralization >200 metres beneath the base of the modelled Dukes Ridge pit shell (Figures 1 & 2), as defined in the 2022 Preliminary Economic Assessment (PEA) by Benchmark Metals (Preliminary Economic Assessment - August 2022). The PEA evaluated an open-pit only mining scenario.The Company sees an opportunity to incorporate this deep, high-grade mineralization into an underground mining scenario. This season's ongoing drilling at Lawyers has focused on both the Dukes Ridge and Cliff Creek Deposits while at Ranch the Company has drilled the following zones, Patti, Steve, Bonanza-Ridge, Thesis II, Thesis III, Bingo with additional targets still to be tested.Ewan Webster, President and CEO, commented, \"We defined clear drilling objectives for our exploration p...