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Thesis Gold Continues to Derisk Lawyers-Ranch Through Drilling
Prnewswire· 2025-11-17 11:00
Core Insights - Thesis Gold Inc. announced assay results from its 2025 drill program at the Lawyers-Ranch gold-silver Project, emphasizing its commitment to de-risking the project and advancing towards a Prefeasibility Study (PFS) [1][10] - The 2024 Preliminary Economic Assessment (PEA) indicated strong project economics, with an after-tax NPV (5%) of C$1.28 billion, an IRR of 35.2%, and a payback period of 2.0 years based on gold priced at US$1,930 and silver at US$24 [1][10] Drilling Program Details - The 2025 drill program included 2,772 meters of drilling focused on geotechnical, hydrogeological, and metallurgical studies at Cliff Creek and Dukes Ridge [4] - Seven drill holes were designed to gather critical data for advanced engineering studies, targeting conceptual pit walls and major faults that influence mineralization and pit design [3][4] Assay Results - Drillhole 25GTDD002 reported significant intersections, including 12.00 m of 2.28 g/t Au and 16.71 g/t Ag, and a lower interval of 2.98 m of 3.53 g/t Au and 107.63 g/t Ag [4] - Drillhole 25GTDD003 intersected 3.10 m of 5.12 g/t Au and 210.39 g/t Ag, while 25GTDD005 showed 2.11 m of 4.14 g/t Au and 78.58 g/t Ag [4][5] - The results from the drilling program continue to validate the company's geological models and understanding of the deposit [5] Future Plans - The company aims to complete the PFS later this year and commence the Environmental Assessment process, positioning itself for a future Feasibility Study (FS) [3][10] - The strategic plan includes a robust exploration and drill program to elevate the Lawyers-Ranch Project within the global precious metals sector [10]