#Canada #Vancouver #Thesis Gold #Ranch Project #Steve Zone

Introduction

Thesis Gold Inc. has recently announced the impressive results of its exploration drilling program at the Steve Zone, part of the Lawyers-Ranch gold-silver project located in British Columbia's renowned Toodoggone Mining District. With aspirations for significant future resource development, these latest drill results establish a positive foundation for potential expansion and feasibility studies moving forward.

Drill Program Overview

Conducted in 2025, the drilling campaign was specifically designed to probe regions believed to contain high-grade gold mineralization, which had previously been overlooked in the current Mineral Resource Estimate and Pre-feasibility Study economic model. Earlier drills in 2022 and 2023 confirmed the presence of lower-grade gold mineralization, but geological assessments hinted that higher-grade zones might exist within the broader mineralized system. The results unveiled in this latest program provide compelling evidence that these interpretations were accurate, with the discovery of high-grade gold across expansive continuous mineralized zones.

Key Findings

Some key intersections confirmed the presence of high-grade gold, including:

• - Drillhole 25STVDD005: An impressive intersection of 77.00 meters at 1.86 grams per tonne (g/t) Au, featuring sub-intervals of:

- 38.00 meters at 3.62 g/t Au
- 12.41 meters at 8.06 g/t Au
- 3.00 meters at 15.47 g/t Au

• - Additional results included broad lower-grade mineralization in various holes, underscoring the sheer scale and continuity of the mineralized system, with

Drillhole 25STVDD004 yielding 46.00 meters at 0.23 g/t Au, including sub-intervals of:
- 14.00 meters at 0.46 g/t Au
- 2.00 meters at 1.21 g/t Au

Drilling results indicated that mineralization has been confirmed from surface down to depths exceeding 500 meters, reinforcing the notion of a vertically extensive epithermal system and suggesting that depth extensions remain untested.

Silver Mineralization Insights

The drillholes also intersected silver-enriched mineralization within oxidized zones, indicating a potential near-surface silver presence. Such finds include:

• - Drillhole 25STVDD004: 2.00 meters at 75.06 g/t Ag, significantly out of the expected range and including a remarkable 1.10-meter interval at 110.01 g/t Ag.

This silver mineralization hints at vertical zonation, delineating the multi-metal potential of the region and supporting previous geological interpretations of the localities' capabilities.

Geological Context

The high-grade gold mineralization is closely associated with silica-barite veining and brecciation, underlining a broader alteration system that bears signs of significant gold-bearing properties. The geological characteristics noted at the Steve Zone exhibit similarities to other prominent barite-bearing zones throughout the Ranch Project, such as Bingo and Bonanza, where high-grade gold is also prevalent.

Ewan Webster, President and CEO of Thesis Gold, emphasized the results’ importance, stating, "The Steve Zone continues to demonstrate our exploration hypotheses are valid. These results not only affirm the existing high-grade gold deposits but also reveal the extensive potential for resource growth through continued exploration and expansion of the mine plan."

Conclusion and Future Directions

In a tightly knit sequence of five total drill holes, the 2025 exploration program has proven successful in defining the continuity of high-grade mineralization, assuring stakeholders of the project's robust economic potential. As Thesis Gold Inc. prepares to initiate follow-up drilling in the 2026 field season, the promising results pave the way for further exploration endeavors, feasibility studies, and a solid path toward fully realizing the potential of the Lawyers-Ranch Project's mineral resources.

With the groundwork laid through these drilling results, Thesis Gold is poised to advance its efforts, enhance resource understanding, and drive the project forward as a competitive asset in the global precious metals market.