Thesis Gold Inc. reported assay results from drilling at the Thesis II and Thesis III zones from its 100% owned Ranch Project. This year's drilling at Ranch was strategically planned to support the development of a maiden resource estimate - a crucial part of the forthcoming Preliminary Economic Assessment (PEA) update. The Ranch Project is road-accessible by way of the Company's Lawyers Gold-Silver Project, and together the two projects form a contiguous, 325 km2 land package in the prolific Toodoggone Mining District in northern British Columbia.

Drilling continues to enhance understanding of how these faults interact locally to control the geometry of mineralized bodies. In particular, drillhole 23TH2DD005, a step-out hole at the southern end of the Thesis II zone intercepted 60.00 m of 4.53 g/t gold beginning at a down hole depth of 141 m. However, a subsequent step-out, drillhole 23TH2DD006, returned a low-grade interval of 1.00 m at 0.61 g/t gold, suggesting that the NE structure separating the two holes may offset mineralization to the southwest. Alteration associated with mineralization is typically destructive of magnetic minerals and is interpreted to cause a low-to-moderate magnetic signature compared to surrounding unaltered rocks.

The Thesis technical team is developing new drill targets in the low-to-moderate magnetic lineaments that parallel known mineralized trends. Broad high-grade mineralization, like in 23TH2DD005, continues to highlight the potential for expansion and discovery across the Ranch Project in the upcoming year and beyond.