Business
Thesis Gold Samples 45 g/t Gold in Rocks and Delineates Kilometre Scale Soil Anomalies
Vancouver, British Columbia--(Newsfile Corp. - October 26, 2021) - Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") is pleased to provide a surface expl
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 26, 2021) - Thesis Gold Inc. (TSXV: TAU) (\"Thesis\" or the \"Company\") is pleased to provide a surface exploration update from its ongoing 2021 fieldwork and initial surface sampling program at its Ranch Gold-Copper Project (the \"Property\"). Thesis has identified several significant, kilometre-scale alteration systems via detailed bedrock and alteration mapping coincident with gold and gold pathfinder element anomalies in initial soil sampling results. Early results of the extensive rock prospecting program include high-grade gold, highlighted by vuggy silica with barite veining from selective grab samples yielding 45.6 grams per tonne (g/t) and 34.6 g/t gold at the Patti prospect (Figure 1). Surface Work Highlights: Multiple kilometre-scale soil anomalies that remain open along-strike. Rock grab samples from below detection limit up to 45.6 g/t gold from the Patti Zone. Surface sampling has an excellent correlation with mapped alteration zones. The geochemical signature at surface is indicative of high-sulphidation epithermal and porphyry style alteration. Previously unrecognized northeast-southwest oriented structures have emerged in this dataset. The soil anomalies are coincident with newly acquired induced polarization (IP) geophysical data and bedrock alteration mapping that collectively define priority drill targets. Ewan Webster, President and CEO, commented, \"These new results are very compelling and certainly emphasize the scope and scale of many of these targets that have strike extents of multiple kilometres. Many of these anomalies have never been drill tested yet share the same geochemistry and alteration as the known gold zones. This data in conjunction with our other geochemical and geophysical data sets are helping to define a robust set of drill targets.\" Soils To date, the Company has received results for 4,768 of the 7,445 collected soil samples. Several kilometre-scale geochemical anomalies have been identified in important pathfinder elements associated with potential epithermal and porphyry-style mineralization. Most historical work and drilling at Ranch has been focused on northwest-trending structural corridors; however, the drilling at Bonanza, supported by surface mapping and sampling, has highlighted the potential importance of additional no...