Thesis Gold Inc. announced assay results from five holes drilled near the historical Bingo occurrence testing conceptual geophysical targets, that has resulted in the discovery of a new zone of mineralization. Drill hole 22BNGDD001 intersected 35.57 metres of 1.30 grams per tonne gold and 0.32% copper or 1.76 g/t gold equivalent, including 11.13 m of 2.74 g/t Au and 0.45% Cu or 3.37 g/t AuEq. Drilling at Bingo coincided with drilling near the Thesis II and Thesis III occurrences, located within the >1.5 kilometre Thesis Structural Corridor, during a 17-hole spring drilling program completed at the Company's 100%-owned Ranch Gold Project located in the Golden Horseshoe of north-central British Columbia, Canada. Bingo Zone Drill Highlights: 35.57 m of 1.30 g/t Au and 0.32% Cu or 1.76 g/t AuEq, including 11.13 m of 2.74 g/t Au and 0.45% Cu or 3.37 g/t AuEq in hole 22BNGDD001. Mineralization in 22BNGDD001 is associated with an intensely silicified hydrothermal breccia cut by stockwork anhydrite and barite veining with abundant disseminated sulphides. The discovery of previously unknown mineralization near the Bingo occurrence marks the 4th new discovery within the Thesis Structural Corridor since the Company's maiden drill program of 2021, and multiple kilometres of strike length remain to be tested within this prospective area. All five holes testing conceptual epithermal targets intersected gold mineralization, validating the exploration strategy in addition to demonstrating the significant discovery potential on the project. The Company has intersected anomalous copper and silver, in addition to strong gold mineralization, at several zones. Elevated copper content is common in productive high- sulphidation systems, and may also indicate proximity to porphyry mineralization at depth. IP geophysics collected in 2021 suggests the presence of several possible intrusive bodies at depth within the survey area, which may correspond to porphyry mineralization sources that will be drill tested this summer. The Thesis technical team continues to review all project data in order to rationalize prospective epithermal and porphyry style drill targets. The successful 2021 and spring 2022 drill campaigns indicate strong potential for additional discoveries in the imminent up to 50,000 metre drill program at Ranch.
Quality Assurance and Control: Results from samples were analyzed at ALS Global Laboratories in Vancouver, Canada. 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. 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.