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Thesis Gold Summarizes Historical Trench Results Including 4.53 Metres of 129.29 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2021) - Thesis Gold Inc. (TSXV: TAU) ("Thesis" or the "Company") is pleased to summarize results from t
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 25, 2021) - Thesis Gold Inc. (TSXV: TAU) (\"Thesis\" or the \"Company\") is pleased to summarize results from the historical trench data compilation that identified 509 trenches with 5437 panel or selective rock grab samples that were collected between 1983-88. A total of 17% of the samples returned assays between 2.0 to 10.4 g/t gold (Au) and 6% range from 10.4 to 561.48 g/t Au. Many of the gold-bearing trenches are not drill tested, but there is strong correlation in gold grades between trench sampling and historical drilling beneath the gold-bearing trenches, which resulted in the discovery of the Bonanza-Ridge, Thesis II, Thesis III, Bingo and BV zones on the Ranch Gold Project in north-central British Columbia. \"The historical soil, rock, and trench results indicate that a large gold mineralized system exists on the Ranch project. Six of the twenty-one known gold occurrences have been tested by historical drilling which confirmed high grade mineralization exists from surface to depth and remains open\", comments Ewan Webster, President and CEO of Thesis. \"The trenching has delineated several multi-line-kilometre gold anomalies that have yet to be drill tested within the heart of the project. The 178 km2 land position remains largely untested by surface sampling and will see a significant exploration program this year to delineate additional targets.\" Figure 1: 2020 ground magnetic survey overlain by historical rock grabs and trench sampling on the Ranch Gold Project Thesis has compiled 509 historical trenches, comprising 4,908 panel samples and 529 grab samples, within the Ranch project area. The peak gold values from trenching included a 561.48 g/t Au grab sample, a 0.49 m panel sample grading 476.2 g/t Au and 3 additional trench panel samples >200 g/t Au across similar widths. The majority of historical trenches were completed over the Bonanza-Ridge, Thesis II, Thesis III, Bingo and BV zones (Figure 1) and are summarized in Table 1. Subsequent drilling results at these zones returned very similar grades and widths, confirming excellent correlation from the surface trench results to the subsurface. Highlights include trench TA86-40 at the Bonanza zone which returned 16.80 m of 6.43 g/t Au from surface and was drilled the following year returning 27.80 m of 25.07 g...