Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Drill Results Routine +

Thesis Gold & Silver Commences 2026 Exploration and Project Advancement Programs at Lawyers-Ranch Project

Thesis advances drilling at Lawyers-Ranch as its feasibility study nears completion, securing strategic backing for the project.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 07:00 TAU · 3.12 Thesis Gold & Silver Inc.
Executive Summary
  • Thesis Gold & Silver has launched its 2026 exploration and project advancement program at the Lawyers-Ranch Project in British Columbia.
  • The program targets approximately 20,000 meters of drilling, split between ~12,000m of exploration drilling and ~8,000m of engineering/technical drilling.
  • Exploration focus includes the Steve Zone, epithermal targets, and porphyry systems at Ranch and Ranch East.
  • Engineering drilling will de-risk mine design, metallurgy, and hydrogeology for the upcoming Feasibility Study.
  • The initiative builds on the December 2025 Pre-Feasibility Study (PFS) which projected a C$2.37 billion after-tax NPV5% and 54.4% IRR.
  • The company targets a Feasibility Study completion by late 2027 and an Environmental Assessment decision in early 2029.
Material Impact
  • The news represents a routine, expected step in the project development timeline following the December 2025 PFS and February 2026 strategic financing.
  • It confirms management's commitment to advancing the project toward a Feasibility Study and regulatory permitting.
  • The drilling program is designed to support multiple value drivers, including resource expansion and engineering studies, but does not introduce new material financial or operational surprises.
  • The market likely priced in this progression given the strong PFS economics and recent strategic investments.
TAU · Price
Company Overview
  • Thesis Gold & Silver Inc. is a development-stage precious metals company focused on the 100% owned Lawyers-Ranch Project in the Toodoggone Mining District of Northern British Columbia.
  • The flagship project features a large district-scale gold-silver resource with a 15-year mine life.
  • The December 2025 PFS outlines a combined open-pit and underground operation with average annual production of ~187,000 AuEq oz.
  • Project economics are robust, with an after-tax NPV5% of C$2.37 billion, an IRR of 54.4%, and an AISC of US$1,185 per AuEq oz at base-case metal prices ($2,900/oz Au, $35/oz Ag).
  • Silver contributes approximately 23% of projected revenue, providing significant "silver torque" to the economics.
  • The company has commenced the Environmental Assessment process and targets a Feasibility Study completion by late 2027.
Read the original news release →

More from Thesis Gold & Silver Inc.

Sep 28, 2026 · 07:00

Thesis advances its Lawyers-Ranch deposit permitting timeline toward a 2029 decision with a new British Columbia submission.

Other Aug 27, 2026 · 17:14

AngloGold Ashanti increases its stake to 9.7% and funds the next phase of the Lawyers Ranch project.

Financings Aug 17, 2026 · 07:00

AngloGold doubles its stake to 9.7% in Thesis through a C$58.5M raise for the Lawyers-Ranch project.

Financings Jun 26, 2026 · 07:00

Thesis Gold & Silver Receives Confirmation of Substituted Impact Assessment Process for Lawyers-Ranch

Regulatory May 29, 2026 · 09:10

AngloGold‑backed Thesis advances a massive BC gold‑silver district, but an unrelated junior’s airborne survey does nothing for its own investment case.

Drill Results Mar 30, 2026 · 12:28

Thesis Gold identifies targets at Lawyers-Ranch

Technical Study