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Thesis Gold Announces Completion of 2024 Field Program

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Thesis Gold (TSX.V: TAU)

Announced the successful completion of its 2024 exploration season at its 100% owned Lawyers-Ranch Project in the prolific Toodoggone Mining District of northern British Columbia.

 

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Thesis Gold

 

 

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Thesis Gold TSX.v : TAU
Stage Exploration
Metals Gold
Market cap C$184 m   @94 cents
Location British Columbia, Canada
Website thesisgold.com

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Thesis Gold Announces Completion of 2024 Field Program: On Track to Commence PFS and EIA in Early 2025

Vancouver, British Columbia–(Newsfile Corp. – October 7, 2024) – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) is pleased to announce the successful completion of its 2024 exploration season at its 100% owned Lawyers-Ranch Project in the prolific Toodoggone Mining District of northern British Columbia.

 

This season’s comprehensive fieldwork provided critical geological, engineering, and environmental data, further supporting ongoing permitting efforts and positioning the Company for a smooth transition into a Pre-Feasibility Study (PFS). The Lawyers-Ranch Project continues to emerge as a standout, advanced-stage asset with substantial near-term production potential and exploration upside.

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2024 Program Highlights:

  • Drilling:
    • A total of 9,510 metres (m) was drilled during the 2024 field season. Metres were split between engineering and environmental baseline studies, resource upgrading and expansion, and exploration.
      • 5400 m was drilled at Ranch, emphasizing geotechnical and water monitoring studies. Geology-focused drilling at Ranch followed up on targets from last year and included new exploration targets.
      • 4100 m was drilled at Lawyers to upgrade existing resources and confirm mineralization in conceptual modelled stopes.
    • Near-Term Catalyst:  Initial drill results are expected soon and will continue to be released over the coming months.
  • Engineering work:
    • A geotechnical drilling program at Ranch was completed to assess rock quality, providing essential data to enhance confidence in future mine design efforts.
    • A test pit program was completed at Ranch to assess ground qualities at proposed waste rock storage facility sites.
    • Metallurgical and geochemical samples were collected from Ranch core to:
      • Continue optimizing the process flow sheet, and
      • Further support studies on acid base accounting.
  • Environmental studies
    • Ranch is in its second year of a two-year baseline study period. Biologists and hydrogeologists were on-site collecting data to characterize the project’s aquatic, terrestrial, geochemical, and meteorological components.
    • 2-year baseline data collection at Lawyers is now complete, with only final reporting outstanding.
  • Field Geology:
    • Field crews identified regionally prospective geological units and structural trends and confirmed the presence of visual mineralization during reconnaissance geological mapping at newly staked claims located north and east of Ranch.

 

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Dr. Ewan Webster, President and CEO, commented,

“The successful completion of the 2024 exploration season marks a key milestone for Thesis Gold.

 

“This key work is in preparation for the Environmental Assessment process and positions us to swiftly transition into the PFS.

 

“With a strong PEA already in place and accelerated progress toward PFS and permitting, the Lawyers-Ranch Project stands out as a premier, advanced-stage asset with significant near-term production potential and considerable exploration upside.”

 

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The live gold price can be found HERE

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Disclosure

At the time of writing the author holds shares in Thesis Gold.

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