Thesis Gold Inc. (TSX-V: TAU) (WKN: A2QQ0Y) is pleased to announce initial drill results from the Company’s maiden 20,000 metre drill program at its 100% owned Ranch Gold-Copper Project, located in the Golden Horseshoe of north-central British Columbia, Canada. Strongly altered zones from the first three holes at the Bonanza Zone were selected for rushed analysis, the results are presented in Table 1.
Table 1: Initial partial assay results from the Bonanza Zone
|Drillhole||From (m)||To (m)||Interval (m)*||Au (g/t)||Zone|
*Intervals are core-length. True width is estimated between 80-90% of core length.
Ewan Webster, President and CEO, commented, “Thesis is delighted with these initial outstanding assay results from our maiden drill program. These first three confirmation holes at the Bonanza Zone confirm high-grade gold mineralization extends from surface to depth. We anticipate further results from both the Bonanza and the Ridge Zones over the coming weeks.”
Figure 1: Plan map of completed 2021 and historical drilling at the Bonanza and Ridge Zones.
Figure 2: Simplied cross-section showing only 21BNZDD001 with logged alteration, gold assay histograms, and sample assay status.
Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). The sampling program was undertaken by Company personnel under the direction of Rob L’Heureux, P.Geol. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Drill intervals with visible gold were assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.
About Thesis Gold Inc.
Thesis Gold is a mineral exploration company focused on proving and developing the resource potential of the 17,832-hectare Ranch Gold Project located in the “Golden Horseshoe” area of northern British Columbia, approximately 300 km north of Smithers, B.C.
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We acknowledge the [financial] support of the Government of Canada.