Thesis Gold Strikes Big: Massive Gold Extension Unlocks New Potential at Bingo Zone

Thesis Gold Inc. (TSXV: TAU) (WKN: A2QQ0Y) (OTC: THSGF) is sending ripples of excitement through the mining sector with a groundbreaking announcement from its Thesis II Project in British Columbia. The company has successfully extended the high-grade Bingo Zone mineralization by an impressive 200 meters to the south of its current resource boundary, revealing a tantalizing glimpse into the project's vast potential.

The stellar results stem from the ongoing 20,000-meter 2024 drill program, designed to unlock and expand the already significant gold resources at the Thesis II Project.

The standout intercept, from drill hole 24BNGDL002, delivered a phenomenal 89.30 meters grading 1.10 grams per tonne (g/t) gold. This exceptional find included an even higher-grade section of 26.00 meters at 2.10 g/t gold, underscoring the robust nature of the discovery.

This isn't just another drill hole; it's a game-changer.

The new intercepts not only push the boundaries of the known Bingo Zone but also provide crucial evidence of continuity towards the adjacent BV Zone. This strategic connection could pave the way for a substantially larger, contiguous gold deposit that is highly amenable to efficient, low-cost open-pit mining operations.

For a project already boasting a total of 2.45 million indicated and 0.5 million inferred ounces of gold, this extension significantly enhances its future prospects.

E. Paul Lhotka, President and CEO of Thesis Gold, expressed profound optimism regarding the findings. “These latest results from the Bingo Zone are incredibly exciting, confirming a significant extension of high-grade mineralization.

Hole 24BNGDL002, in particular, is a tremendous step forward, extending the zone 200 meters south and indicating a potential connection to the BV Zone,” Lhotka stated. He further emphasized, “This development supports our vision for a large, open-pittable gold deposit at Thesis II, reinforcing the strategic importance of our ongoing ~20,000-meter drill program.

We eagerly anticipate delivering further results and progressing towards a comprehensive resource update.”

Beyond the headline-grabbing intercept, other holes in the program also yielded promising results. Drill hole 24BNGDL003 intercepted 55.40 meters of 0.81 g/t gold, including a richer section of 26.50 meters at 1.15 g/t gold.

Similarly, 24BNGDL004 returned 43.00 meters of 0.86 g/t gold, with an internal zone of 15.00 meters at 1.48 g/t gold. These consistent high-grade intercepts validate the geological model and strengthen the overall outlook for the Bingo Zone and the wider Thesis II Project.

The mineralization at the Bingo Zone is characterized by multiple phases of faulting, intricate stockwork, and disseminated pyrite-gold mineralization, hosted within altered volcanic and intrusive rocks.

This geological setting suggests a widespread and robust mineralizing system. Thesis Gold maintains rigorous Quality Assurance and Quality Control (QA/QC) protocols, including the regular insertion of duplicates, blanks, and certified reference materials into the sample stream, ensuring the reliability and accuracy of all reported assay results.

As the drill program continues to unfold, Thesis Gold is poised to deliver more updates, with ongoing metallurgical test work and a comprehensive resource update expected.

These developments are set to further define the economic potential of the Thesis II Project, solidifying its position as a promising gold asset in British Columbia's prolific Toodoggone Mining Camp.