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Thesis Gold Step-Out Drilling at Bingo Zone Intersects 20.00 Metres of 8.46 g/t Gold, 36.96 g/t Silver, and 1.72% Copper
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Thesis Gold Inc. (TSXV: TAU) (FS...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Step-Out Drilling at Bingo Zone Intersects 20.00 Metres of 8.46 g/t Gold, 36.96 g/t Silver, and 1.72% CopperVancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Thesis Gold Inc. (TSXV: TAU) (FSE: A3EP87) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to report all remaining assay results from the 2023 drill program at the Company's 100% owned Ranch Project. 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.HighlightsNear-Surface Mineralization: Significant portions of the mineralization at Bingo lie within or just below 50 vertical metres (m) from surface.High-Grade Intercepts including: Drillhole 23BNGDD024 returned 20.00 m* of 8.46 grams per tonne (g/t) gold (Au), 36.96 g/t silver (Ag), and 1.72% copper (Cu), or 11.55 g/t gold equivalent (AuEq**)Drillhole 23BNGDD029 returned 38.90 m* of 2.79 g/t Au, 4.79 g/t Ag, and 0.58% Cu, or 3.73 g/t AuEq**.Drillhole 23BNGDD035 returned 29.20 m* of 2.64 g/t Au, 51.14 g/t Ag, and 0.70% Cu, or 4.36 g/t AuEq**.High-grade mineralization is associated with zones of massive enargite and chalcopyrite copper mineralization.Increased Deposit Footprint: In 2023, Thesis doubled the number of metres that had previously been drilled at the Bingo zone. Drilling has substantially increased the footprint of mineralization and suggests significant expansion potential in undrilled areas with similar geophysical signatures.Geological Insight: The discovery of key controls on mineralization related to intersecting NW-SE, NNW-SSE, N-S, and NE-SW faults enhances our targeting strategy for future drilling.Copper Potential: The consistent presence of high-grade copper not only potentially enhances the project's overall value but could also indicates proximity to a potential porphyry system. Copper mineralization will become a key focus for advancing our understanding of the mineralizing system, and optimizing targeted exploration at Ranch.Strategic Alignment: These results align with our 2023 strategic objectives for the Ranch Project, demonstrating the potential for significant near-surface mineralization and continuation at-depth. The expansion of the Bingo Zone not only enhances the project's...