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Thesis Gold Hits New Discovery at the Steve Zone; Drills 119.20 m of 1.00 g/t AuEq
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2023) - 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. - January 12, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce a new discovery at the Ranch Gold Project in the Golden Horseshoe of north-central British Columbia, Canada. Assay results from the only two exploration holes ever drilled at the Steve Zone show broad zones of gold mineralization including a 119.20 metre (m) interval of 0.97 g/t (grams per tonne) gold (Au) and 1.06 g/t silver (Ag) or 1.00 g/t AuEq (gold equivalent) (22STVDD001) and 38.00 m of 0.73 g/t Au and 1.94 g/t Ag or 0.78 g/t AuEq* (22STVDD002). The Steve Zone is located 3.5 km south of Bonanza-Ridge Zone, and 3 km south of the Thesis Structural Corridor (Figure 1). Steve emerged as a target based on surface geochemistry in rocks and soils, alteration mapping, and coincident geophysical anomalies (Figure 2). Positive results from these drill holes validate the methods the Company is using to generate new exploration drill targets. Highlights 22STVDD001 intersected 119.20 m of 0.97 g/t Au and 1.06 g/t Ag or 1.00 g/t AuEq** that also contains numerous localized higher grade intervals (Table 1). 22STVDD002 intersected two discrete gold zones ~220 m north of Steve hole 1. A significant new corridor of gold mineralization is inferred from drilling results at the Steve Zone: 220 metres in strike length, remains open, within a larger >500 m fault zone, Gold mineralization down to >400 vertical metres remains open at depth, and Updip it appears to correlate with surface mapping and gold mineralization in grab samples implying this is all part of a single extensive gold system. The discovery of previously unknown mineralization at the Steve Zone marks the 5th new discovery at Ranch since the Company's maiden drill program in 2021. Proven gold mineralization at the Steve Zone is 3+ km from Bonanza-Ridge and the Thesis Structural Corridor, and validates the exploration strategy employed by the Thesis technical team. A substantial follow-up drill program is currently being planned for the 2023 drill season Ewan Webster, President and CEO, commented, \"This new gold discovery is very encouraging given the limited number of drill holes, excellent intercepts, and recognition of the same types of alteration and mineralization observed at the other mi...