Business
Thesis Gold Announces 2023/24 Work Plan for Toodoggone District Optimization and Expansion
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - Thesis Gold Inc. (TSXV: TAU)...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Thesis Gold Announces 2023/24 Work Plan for Toodoggone District Optimization and ExpansionVancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (\"Thesis\" or the \"Company\") is pleased to announce its strategic initiative to further optimize the 2022 Lawyer's Project PEA with effective date: Sept 30, 2022 (\"2022 Lawyers PEA\"), which was originally limited to an open-pit scenario at Lawyers Project within the Toodoggone mining district of north-central British Columbia, Canada. This initiative will evaluate the inclusion of underground resources at the Lawyers Project and the expected integration of the Ranch Project's maiden resource. In the upcoming 2023/2024 activities, Thesis Gold's strategic focus will remain on completion of its comprehensive 50,000-metre drilling program, with 30,000 metres dedicated to Ranch resource drilling and 20,000 metres targeting the expansion of Lawyers' underground resources. Concurrently, geotechnical logging will be conducted at the Ranch Project to support PEA level designs. An extensive program of metallurgical testing is scheduled to begin shortly, combining a total of 40 samples from Lawyers potential open-pit material, Lawyers potential underground material, and a number of the advanced Ranch Project targets. This test work, set for completion in Q2 - 2024, aims to optimize gold recovery and evaluate byproduct potential, laying the groundwork for an updated comprehensive PEA in Q3-2024. The updated PEA will assess opportunities to further optimize and unlock the combined potential of the two projects.Ewan Webster, CEO of Thesis Gold, commented, \"Our team at Thesis is intently focused on advancing activities that deliver substantial value to the Company. We have developed key strategies, and our 2023 activities are tailored to achieve those goals. Leveraging insights from the 2022 Lawyers PEA, combined with significant optimization work, we aim to dramatically enhance and expand our projects, capitalizing on the potential of a unified Toodoggone district.\"Key activities of 2023 and early 2024 activities are listed below, an overall strategy summarized in Figure 1, and a video update from site can be accessed here - Site Update.Key 2023/2024 Activities50,000 metre drilling program - field season 202330,000 metres ...