Vancouver, British Columbia–(Newsfile Corp. – July 4, 2024) – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) is excited to announce the commencement of its 2024 exploration season at the Lawyers-Ranch Project in the Toodoggone Mining District of northern British Columbia, where they hold a 100% ownership stake. The company is gearing up for an updated Preliminary Economic Assessment (PEA) set for release in Q3-2024. This summer’s field program will concentrate on geological, engineering, and environmental studies to further mitigate risks, uncover additional potential, and pave the way for a Pre-Feasibility study in 2025.
2024 Program Highlights
- Geological work:
- 10,000+ meters (m) of drilling will be dedicated to upgrading resources and conducting targeted drill holes for resource expansion at both project areas, with a specific emphasis on exploring undrilled prospects at Ranch.
- Initial mapping and prospecting will be carried out at new claims situated north and east of the contiguous Lawyers-Ranch project, covering prospective units with mineral showings and significant gossanous outcrops.
- Engineering work:
- Geochemical sampling is underway at Lawyers and will commence at Ranch to assess the acid-base qualities of the mineralized material.
- Geotechnical drilling at Ranch will focus on rock quality characteristics to aid in potential mine design.
- Additional metallurgical studies at Ranch will aid in further classifying rock comminution characteristics and optimizing processing flow charts.
- Environmental studies:
- Two years of baseline data collection at Lawyers have been completed, with ongoing studies emphasizing monitoring and maintenance.
- Ranch is in its second year of a two-year study period, with biologists and hydrogeologists on-site to continue characterizing the project’s aquatic, terrestrial, geochemical, and meteorological components.
Additional Insight on Exploration Efforts
The upcoming drilling program, with over 10,000 meters planned, is a significant step in upgrading and expanding resources at the Lawyers-Ranch Project. Testing new prospects, especially at Ranch, demonstrates the company’s commitment to maximizing the potential of the project and discovering new opportunities for growth. This proactive approach aligns with Thesis Gold’s strategic goal of advancing the project towards becoming a prominent player in the precious metals sector.
President and CEO Dr. Ewan Webster expressed enthusiasm for the exploration season, highlighting the importance of the comprehensive studies in de-risking the project and realizing its full potential. The focus on converting inferred resources to Measured & Indicated categories at Lawyers-Ranch, along with the exploration of new targets, underlines the company’s dedication to driving forward the project’s development.
Amidst the progress made in de-risking the project, with completed roadworks and advancement of engineering studies, the emphasis on environmental baseline studies at both Lawyers and Ranch reaffirms the company’s commitment to sustainable and responsible mining practices. By maintaining a robust understanding of the environmental conditions, Thesis Gold is laying a solid foundation for future project development and regulatory compliance.
The departure of Ian Harris from his role as Chief Operating Officer and Vice-President of Engineering signifies a transition period for the company, as they streamline operations and consulting efforts to align with the evolving project needs.
On behalf of the Board of Directors
Thesis Gold Inc.
“Ewan Webster”
Ewan Webster Ph.D., P.Geo.
President, CEO, and Director
About Thesis Gold Inc.
Thesis Gold is capitalizing on the potential of the Lawyers-Ranch Gold-Silver Project in British Columbia’s Toodoggone mining district. The integration of the Ranch Project aims to enhance the overall project economics and unlock new opportunities. The Company’s strategic approach, including an extensive 2024 exploration and drill program, emphasizes the goal of establishing the Ranch-Lawyers Project as a prominent player in the global precious metals market.
