Thesis Gold’s 2024 Drill Results at the Ranch Area: Advancing Engineering and Environmental Studies
VANCOUVER, BC, February 18, 2025 – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF), a mineral exploration company, is thrilled to share the remaining results from its 2024 drill program at the Ranch area, part of its 100%-owned Lawyers-Ranch Project in British Columbia’s Toodoggone mining district. This program was meticulously planned to advance engineering and environmental baseline studies, which are crucial components of the Prefeasibility Study (PFS) led by Ausenco Engineering Canada ULC and Mining Plus Canada Consulting Ltd.
Significant Drill Results
The 2024 drill program, which included 12 holes totaling 2,748 meters, yielded several noteworthy results (Table 1). The highest-grade intercept was recorded in hole TR24-037, which returned 1.38 g/t gold over 27.4 meters, including 3.30 g/t gold over 10.7 meters. This drill hole demonstrates the potential for significant gold mineralization in the Ranch area.
| Drill Hole | Length (m) | Gold Grade (g/t) | |
|---|---|---|---|
| 1 | TR24-037 | 27.4 | 1.38 |
| 2 | TR24-032 | 12.7 | 1.15 |
| 3 | TR24-035 | 18.3 | 0.95 |
Engineering and Environmental Studies
The engineering and environmental studies are essential for the PFS to assess the feasibility of mining operations at the Lawyers-Ranch Project. The drill results contribute valuable data to these studies, helping to define the mineral resource and evaluate the potential impact of mining on the environment. The studies will cover various aspects, including:
- Geotechnical assessments to understand the rock properties and stability of the mining area
- Hydrogeological studies to evaluate groundwater resources and potential impacts on water quality
- Environmental baseline studies to determine the current state of the environment and establish baseline data for future monitoring
- Mine design and infrastructure planning to optimize the mining operation and minimize its environmental footprint
Impact on Individuals and the World
For individuals living in the vicinity of the Lawyers-Ranch Project, the results of Thesis Gold’s drill program may bring both opportunities and challenges. Potential job opportunities may arise from the mining operation, contributing to local employment and economic growth. However, there may be concerns regarding the potential environmental impacts and the need for proper mitigation measures. It is crucial for Thesis Gold to engage with the local community, address their concerns, and work collaboratively to ensure a sustainable and responsible mining operation.
On a global scale, the mining industry plays a significant role in the world’s economy, providing essential resources and contributing to economic growth. However, it also faces increasing pressure to operate sustainably and minimize its environmental footprint. The results of Thesis Gold’s drill program and the subsequent PFS will provide valuable insights into the potential of the Lawyers-Ranch Project and contribute to the ongoing conversation about responsible mining practices.
Conclusion
Thesis Gold’s 2024 drill program at the Ranch area of its Lawyers-Ranch Project in British Columbia has yielded promising results, contributing valuable data to the engineering and environmental studies essential for the PFS. The studies will help assess the feasibility of mining operations and minimize environmental impacts. The results may bring opportunities and challenges for local communities and the global mining industry, highlighting the importance of sustainable and responsible mining practices.
