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Thesis Gold Provides Initial Metallurgical Results from Ranch Project With Up to 98% Gold Recovery and Additional Copper and Silver By-Product Credits
Vancouver, British Columbia--(Newsfile Corp. - October 12, 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. - October 12, 2022) - Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce the initial metallurgical results performed on their 100% owned Ranch Project. The Ranch property is located in the Golden Horseshoe of north-central British Columbia (BC), Canada. The metallurgical test work showed that all samples responded well, achieving between 90% to 98% gold recovery (Table 3). Dr. Ewan Webster, President and CEO of Thesis stated, \"We are very pleased by these initial metallurgical results. All the mineralized zones demonstrate the ability to produce high-quality concentrates from simple, low-cost conventional extraction methods. This milestone represents an important step in reducing the overall risk of the project as we advance towards a future resource, engineering, and economic studies.\" Metallurgical Program Details Composite core samples from the Bonanza, Ridge, Thesis II, and Thesis III Zones at Ranch were analyzed. Sample selection was based on geological considerations, core logging, and geochemical data to best represent a conceptual resource. Core samples were shipped for metallurgical testing to Bureau Veritas Minerals (BV) Metallurgical Division, an accredited global laboratory facility located in Richmond, BC. BV composited the core samples and undertook the related analytical and bench scale test work. The study was directed and supervised by F. Wright Consulting Inc., with Mr. Frank Wright, P.Eng., acting as the Qualified Person (QP) as defined by NI43-101. Mr. Wright has had extensive process development experience focusing on precious metal projects in northern BC. Table 1: Metallurgical Composite Location and Description Met Comp. ID(DH depth m) Zone Drill Hole (DH)Number Geo ID from GeoID to Description BN3 (12-30) Bonanza 21BNZDD03 B0015105 ...125 Higher S, Shallow potential oxidation & cyanicide, sig Cu ~400 ppm BN3 (30-35) Bonanza 21BNZDD03 B0015126 …131 Lower S, but with elevated Au BN7 (34-42) Bonanza 21BNZDD07 B0015383 …393 Higher Au, Cu Intervals with 1-3%S BN7 (42-46) Bonanza 21BNZDD07 B0015394 …397 Lower Gold Copper Intervals, ~1%S RZ9 (131-143) Ridge 21RDGDD009 B0019189 …202 deeper with moderate Cu (~0.2%), high Ag, 5-10% S RZ9 (143-153) Ridge 21RDGDD009 B0019203 …213 deeper with elevated Cu+...