Thesis Gold has released a video of Ewan Webster, CEO providing investors with a walk through and update of the just completed 2021 drill program.
Mr. Webster provides investors with a rare behind the scenes look at the active drilling, with the overall program consisting of 106 drill holes, totalling just over 16,000 metres.
This update comes at the end of a very strong year for the company.
Here is a quick recap 2021:
- Senior Geologist for the Metals Group, Ewan Webster, PhD., P.Geo was appointed CEO early in the year.
- During the first half of the year, the Thesis technical team defined the drill targets by contextualizing historical IP survey information and conducting ground sampling & an airborne geophysical survey.
- The company also completed a very comprehensive exploration plan that has delineated numerous new epithermal targets and a potential porphyry source.
- At the same time, the management team signed a trilateral agreement with its first nations partners.
- At the end of June, the company closed an oversubscribed financing for $18.4 million.
- The drill program kicked off in August and wrapped up in early December.
- The initial results have been exceedingly strong, consisting of the following.
- Drill hole 21BNZDD001 returned 34.00 m core length of 19.56 g/t Au at the Bonanza Gold Zone; including 15.00 m of 41.64 g/t Au and 7.00 m of 82.48 g/t Au from a depth of only 26 metres downhole (Table 1).
- Similarly drill hole 21BNZDD003, a 15 metre step out from 21BNZDD001 intersected high-grade gold mineralization essentially at surface returning 24.86 m of 9.53 g/t Au including 5.65 m of 28.72 g/t Au.
- Drill hole 21BNZDD004 returned 13.00 metres (m) core length of 26.98 g/t Au at the Bonanza Zone; including 4.00 m of 84.92 g/t Au from a depth of only 12.00 m downhole (Table 1).
- Similarly drill hole 21BNZDD007 intersected high-grade gold mineralization from very close to surface returning 11.46 m of 22.74 g/t Au including 7.50 m of 34.63 g/t Au.
- Investors can expect assays of the remaining 99 drill holes to be released in the first half of 2022.