Thesis Gold drills 43.75 m of 1.48 g/t Au at Lawyers

Executive Summary

• Thesis Gold Inc. released assay results from its 2025 drill program at the Lawyers-Ranch gold-silver project in British Columbia, focusing on geotechnical, hydrological, and metallurgical studies to support the ongoing prefeasibility study (PFS).
• The drilling validated the geological model with high-grade gold and silver intersections, including significant intervals in holes 25GTDD002, 25GTDD003, and 25GTDD005.
• The program aimed to collect critical-path data for feasibility-level engineering studies and environmental assessments, building on the robust economics outlined in the 2024 Preliminary Economic Assessment (PEA).

Key Details

• Project Context: 100%-owned Lawyers-Ranch project in the Toodoggone mining district, British Columbia.
• Program Objective: 2,772 meters of drilling focused on geotechnical, hydrogeological, and metallurgical studies to support the PFS and future feasibility study (FS).
• Drill Hole 25GTDD002 Intersections:
  • 12.00 m at 2.28 g/t Au and 16.71 g/t Ag (2.49 g/t AuEq) starting at 294.50 m, including 7.50 m at 3.17 g/t Au and 20.08 g/t Ag (3.42 g/t AuEq).
  • Lower interval starting at 339.77 m: 2.98 m at 3.53 g/t Au and 107.63 g/t Ag (4.87 g/t AuEq), including 1.48 m at 9.75 g/t Au and 307.84 g/t Ag (13.60 g/t AuEq).
• Drill Hole 25GTDD003 Intersections:
  • 3.10 m at 5.12 g/t Au and 210.39 g/t Ag (7.75 g/t AuEq).
  • 4.04 m at 2.52 g/t Au and 22.58 g/t Ag (2.79 g/t AuEq).
• Drill Hole 25GTDD005 Intersections:
  • 2.11 m at 4.14 g/t Au and 78.58 g/t Ag (5.12 g/t AuEq) starting at 22.00 m.
  • 21.50 m at 1.92 g/t Au and 15.88 g/t Ag (2.11 g/t AuEq) starting at 96.75 m, including 4.25 m at 6.28 g/t Au and 51.12 g/t Ag (6.92 g/t AuEq).
  • 43.75 m at 1.48 g/t Au and 26.86 g/t Ag (1.81 g/t AuEq) starting at 383.50 m, including 4.47 m at 5.43 g/t Au and 6.63 g/t Ag (5.51 g/t AuEq).
• Technical Data Collection:
  • Detailed geotechnical logging completed on all holes.
  • Televiewer data collected from six holes; hydrogeological data from five holes.
  • Data intended to inform feasibility-level engineering studies and environmental modeling.
• 2024 PEA Reference:
  • Base price: $1,930/oz Au and $24/oz Ag.
  • After-tax NPV (5%): $1.28 billion.
  • IRR: 35.2%.
  • Payback period: 2.0 years.
• QA/QC: Samples analyzed at Bureau Veritas Minerals Laboratories (Vancouver, Canada). Gold assayed via fire assay with atomic emission spectrometry. Reviewed by Michael Dufresne, MSc, PGeol, PGeo.

Notable Quotes

• "The work objective at Lawyers this year was to complete critical-path data collection to prepare Thesis for more advanced engineering studies beyond the completion of the PFS later this year. Over the years, our technical team developed a strong understanding of project objectives, allowing us to design programs that balance current and future project needs to maintain steady progress on derisking." — Ewan Webster, President and CEO