Thesis Gold Drills 89.3 Metres of 1.10 Grams per Tonne Gold to Extend Mineralization at the Bingo Zone

Core Viewpoint - Thesis Gold Inc. has announced promising drill results for the 2025 season and the completion of an 86 line-kilometer Induced Polarization (IP) geophysical survey at its Lawyers-Ranch Project, indicating significant exploration potential and resource expansion opportunities [1][3][4]. Exploration and Drilling Results - The company focused on resource expansion at the Bingo zone, with drilling results indicating high-sulfidation mineralization and the potential for further growth in the resource base [2][5][7]. - Drillhole 25BNGDD001 intersected 0.73 grams per tonne gold, 2.17 grams per tonne silver, and 0.35% copper over 13.61 meters, with a deeper interval showing 80.02 grams per tonne silver and 0.47% copper [5][9]. - Drillhole 25BNGDD002 revealed 89.30 meters of 1.10 grams per tonne gold from surface, including a 12.00-meter interval of 2.31 grams per tonne gold, indicating mineralization extending beyond current resource models [5][9]. Economic Assessment - The 2024 Preliminary Economic Assessment (PEA) highlighted strong project economics, with an after-tax NPV (5%) of C$1.28 billion and an IRR of 35.2%, suggesting significant value creation potential [2][4][14]. - The company plans to update project economics in Q4 2025 with the results of a Prefeasibility Study (PFS) [3][4]. Geophysical Survey Insights - The recent IP survey has identified several new targets, enhancing the understanding of previously untested areas within the project [5][6]. - The survey covered 86.1 line-kilometers and is expected to provide important context for future exploration efforts [5][6]. Management Commentary - The President and CEO emphasized the project's potential beyond the 2024 PEA, highlighting the ongoing exploration efforts and the promising results from the Bingo zone [4][14].