Business
Thesis Gold Extends the Bingo Zone; Drills 24.72 Metres of 5.37 Grams per Tonne Gold from 4.1 Metres Downhole
Vancouver, British Columbia--(Newsfile Corp. - November 20, 2023) - Thesis Gold Inc. (TSXV: TAU) ...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Extends the Bingo Zone; Drills 24.72 Metres of 5.37 Grams per Tonne Gold from 4.1 Metres DownholeVancouver, British Columbia--(Newsfile Corp. - November 20, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to report assay results from the Bingo Zone at its 100% owned Ranch Project. Bingo represents the northern-most extent of the Thesis Structural Corridor, and prior to 2023, it had seen very limited modern drilling. The latest findings represent a significant step forward in our comprehensive exploration program, designed to expand our resource base, especially near surface mineralization to enhance the economic potential of our projects. The Ranch Project is road-accessible by way of the Company's Lawyers Gold-Silver Project, and together the two projects form a contiguous, 325 km2 land package in the prolific Toodoggone Mining District in northern British Columbia.HighlightsThesis Structural Corridor expands to over 1.5 kilometres:The Bingo Zone extends the northern-most drill-tested mineralization within the corridor, marking a strategic advancement in our understanding of the region's geology and potential.The Bingo Zone sits at the convergence of numerous NW-, NE-, and E-W oriented structural lineaments (Figure 1), a setting that has proven conducive to significant gold mineralization elsewhere on the Ranch Project.Broad zones of near surface gold and copper mineralization:23BNGDD012 intersected 24.72 m of 5.37 grams per tonne gold (g/t Au), Including 2.05 m of 36.60 g/t Au23BNGDD001 intersected 79.70 m of 1.52 g/t Au and 0.42% copper (Cu). Including 35.17 m of 2.33 g/t Au and 0.77% Cu23BNGDD003 intersected 25.33 m of 0.91 g/t Au and 0.21% Cu23BNGDD008 intersected 24.82 m of 3.38 g/t Au and 0.36% CuIncluding 12.00 m of 5.42 g/t Au and 0.61% CuSignificant copper mineralization was encountered in many of the holes at Bingo:Notably 23BNGDD012 returned a 9.00 m interval of poor recover that returned 3.20% Cu and >1% Ag. The hole was lost and ended in mineralization.Elevated copper is associated with chalcopyrite, covellite, and enargite, while silver has an association with tetrahedrite.Enargite and tetrahedrite, as well as an increase in Cu and Ag content are associated with the deeper segments of a high sulfidation epithermal system, possibly indicati...