Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) CEO Ewan Webster News Update
Channel: RICH TV LIVE
Date: 07/02/2024

#gold #stocks #news #drilling #stockwatch #investing #money #richtv February 7th, 2024 - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) is pleased to report assay results from drilling at the Thesis II and Thesis III zones from its 100% owned Ranch Project. This year’s drilling at Ranch was strategically planned to support the development of a maiden resource estimate – a crucial part of the forthcoming Preliminary Economic Assessment (PEA) update. 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.

Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) CEO Ewan Webster News Update

Highlights

In both Thesis II and Thesis III, two distinct broad mineralized domains are present in the near-surface and at depth.
Drilling at Thesis II was designed to test deeper mineralization identified at the end of the 2022 drilling campaign:
23TH2DD005 intersected 60.00 metres (m) of 4.53 grams per tonne gold (g/t Au) beginning 84 m from surface (vertical depth).
Including 19.00 m of 10.39 g/t Au.
Drilling at Thesis III returned strong near surface mineralization:
23TH3DD013 intersected 24.32 m of 2.93 g/t Au beginning at a vertical depth of 32 m.
23TH3DD017 intersected 39.90 m of 2.39 g/t Au beginning at vertical depth of 4 m.
Confirmation and infill drilling from the 2023 season will be incorporated into an upcoming, maiden mineral resource estimate for the Ranch Project scheduled for Q2 2024.
Ewan Webster, President and CEO, commented “The 2023 drilling results at Thesis II and Thesis III represent yet another step towards unlocking the full potential of the Ranch Project. Our targeted strategy for the 2023 program focused on furthering our understanding of the high-grade, near-surface potential at Ranch as we progress towards a maiden resource estimate. We view this as a stepping stone in our ongoing efforts to extend the mineralization at Ranch. Todays notable step-out headline hole of 60.00 m at 4.53 g/t Au strongly suggests that there is still much to be discovered.”
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