#Canada #Vancouver #Thesis Gold #Ranch Project #Toodoggone

Thesis Gold Inc. Makes Notable Advancements at Ranch Project

Thesis Gold Inc., a resource development firm focused on its Lawyers-Ranch Project in British Columbia’s Toodoggone region, has recently shared promising updates following the 2024 drilling program. These advancements signify a key step towards their Prefeasibility Study (PFS) and the subsequent Environmental Assessment (EA) that are crucial for the project's future.

The 2024 drill program was meticulously planned, concentrating on geotechnical and environmental studies while yielding significant mineralization results. A total of 2,266 meters of drilling focused on obtaining vital data for mine design, including:

• - Geotechnical Drilling: Comprising 17 drill holes, these are critical for designing the mine’s infrastructure.
• - Hydrogeological Drilling: Six drill holes were completed to support environmental modeling vital for securing permitting.

Exploration and Resource Growth

Highlights from the drilling include substantial mineralized zones:

• - Hole 24GTDD011 recorded 27.50 meters at an average of 2.08 g/t AuEq.
• - Hole 24GTDD010 revealed 40.50 meters at 1.20 g/t AuEq.
• - A striking high-grade interval of 48.86 g/t AuEq was noted in hole 24GTDD015 over a core length of 0.70 meters.

These findings indicate a robust potential for resource growth, particularly at the Thesis II site where drillhole 24TH2DD002 intersected mineralization extending approximately 40 meters in depth and 30 meters laterally. The high-grade intersections observed could lead to an upgrade in the 2024 mineral resource estimate.

Furthermore, drilling at Bingo also confirmed the presence of copper-gold mineralization, with hole 24GTDD008 concluding in mineralization and demonstrating the zone’s expansion potential. The hole showed promising results, including 10.50 meters at 0.76 g/t Au and 0.22% copper.

Next Steps in Project Development

Looking ahead, Thesis Gold's 2025 drilling program will focus on expanding near-resource mineralization while exploring high-priority regional epithermal and porphyry targets. The EA is set to commence later in the year, coinciding with the completion of the PFS slated for the fourth quarter of 2025.

Ewan Webster, President and CEO of Thesis Gold, emphasized, “Our recent drilling program has strategically positioned us to advance the PFS and EA process—key milestones that will significantly influence our project’s development and permitting decisions.” He further noted the importance of the positive exploration results, highlighting their implications for potentially expanding and upgrading the defined mineral resource provided in the 2024 PEA.

Conclusion

Thesis Gold Inc. remains committed to advancing its projects within the Toodoggone District, which shares geological features with British Columbia's renowned Golden Triangle. With promising drill results and a clear strategy for future exploration, the company is poised to unlock significant value through its Lawyers-Ranch Project, working towards establishing itself as a leader in global precious metals ventures.