Thesis Gold & Silver Inc. reports developments tied to its wholly owned Lawyers-Ranch gold-silver project in the Toodoggone Mining District of northern British Columbia. Recurring news includes exploration results from project zones such as Steve, Bingo, Ranch and Ranch East, including drilling, geological mapping, geochemical sampling and porphyry target identification.
Company updates also cover NI 43-101 technical reporting, pre-feasibility work, environmental assessment and permitting activity, governance changes, material agreements, capital-structure matters, and operating or financial results. The company’s news flow reflects its transition from advanced exploration toward project development for a gold-silver mineral asset with an established technical-reporting framework.
Thesis Gold (OTCQX: THSGF) appointed Ms. Coille van Alphen to its Board of Directors, effective February 6, 2026. Ms. van Alphen brings 15+ years in mining investment, currently serving as Mining & Metals Portfolio Manager at Equinox Partners, the company’s largest institutional shareholder.
Her experience at CPP Investments and Canaccord Genuity is intended to support Thesis as it advances the Lawyers-Ranch Project from advanced exploration into feasibility, permitting, and development.
Thesis Gold (OTCQX: THSGF) reported results from the 2025 drill program at the Steve Zone, part of the 100% owned Ranch Project on Jan 21, 2026. Drilling confirmed high-grade gold within broad mineralized envelopes, including 25STVDD005: 77.00 m @ 1.86 g/t Au (from 262.00 m) with 38.00 m @ 3.62 g/t Au and 12.41 m @ 8.06 g/t Au. Wider, lower-grade continuity was also noted, including 223.00 m @ 0.19 g/t Au to end of hole. Near-surface silver enrichment included 2.00 m @ 75.06 g/t Ag. Results support a vertically extensive epithermal interpretation and plan follow-up drilling in 2026.
Thesis Gold (OTCQX: THSGF) filed a NI 43-101 Pre-feasibility Study for the wholly owned Lawyers-Ranch gold-silver Project in the Toodoggone District, BC. The 2025 PFS reports an after-tax NPV5% of $2.37 billion and an after-tax IRR of 54.4% at US$2,900/oz Au and US$35/oz Ag, with a 1.1-year payback. Maiden mineral reserves total 76.16 million tonnes at 0.97 g/t Au and 28 g/t Ag (1.33 g/t AuEq). First-three-year average production is 266,000 AuEq oz, LOM average 187,000 AuEq oz, average AISC of US$1,185/AuEq oz, and initial capex of $736.2 million.
The Report was prepared by independent engineering firms and is available on SEDAR+ and the company website.
Thesis Gold (OTCQX: THSGF) has begun the provincial and federal Environmental Assessment (EA) and permitting process for its 100%-owned Lawyers-Ranch gold-silver project by submitting an Initial Project Description and engagement materials to British Columbia and Canada on Dec 10, 2025. The Project is located ~450 km north-northwest of Prince George and ~275 km north of Smithers and partially overlaps the traditional territories of Kwadacha Nation, Tsay Keh Dene Nation, Takla Nation, and Tahltan Nation.
The company highlights ongoing Indigenous engagement, recent financing that resulted in equity ownership by Kwadacha, Tsay Keh Dene and Takla Nations, and intent to follow high environmental and social standards as permitting advances.
Thesis Gold (OTCQX: THSGF) announced a positive NI 43-101 Prefeasibility Study for the 100% owned Lawyers-Ranch Project (Dec 1, 2025). Key economics at US$2,900/oz Au and US$35/oz Ag include an after-tax NPV5% of $2.37 billion, after-tax IRR 54.4%, and a 1.1-year payback. Initial capital is estimated at $736.2M with total capital of $1,541.1M and an NPV:initial-capital ratio of 3.2:1. The PFS schedules a 15-year mine life, processing 76.16 Mt at 13,700 t/d, producing 2.84 Moz AuEq (payable 2.84 Moz) and average AISC of US$1,185/AuEq oz. Tonnes processed rose 18% vs 2024 PEA; maiden Mineral Reserve is 76.16 Mt @ 0.97 g/t Au.
Thesis Gold (OTCQX: THSGF) reported assay results from the 2025 Lawyers drill program (2,772 m) focused on geotechnical, hydrogeological and metallurgical holes to support an ongoing Prefeasibility Study and advance work toward a Feasibility Study and Environmental Assessment.
The release reiterates 2024 PEA economics using US$1,930/oz Au and US$24/oz Ag with an after-tax NPV (5%) of C$1.28 billion, IRR 35.2%, and a 2.0-year payback. Notable assay intervals include: 12.00 m of 2.28 g/t Au + 16.71 g/t Ag (25GTDD002); 3.10 m of 5.12 g/t Au + 210.39 g/t Ag (25GTDD003); and 2.11 m of 4.14 g/t Au + 78.58 g/t Ag (25GTDD005), plus multiple higher-grade internal intervals. Results validate deposit geometry and will inform feasibility-level engineering and environmental modelling.
Thesis Gold (OTCQX: THSGF) announced two senior appointments and a stock option grant on Oct 16, 2025. Stephen Crozier joins as Executive VP, External Affairs and Sustainability (effective Oct 14, 2025) to lead Indigenous, community, government relations and permitting at the Lawyers-Ranch gold-silver project. Christina Anstey joined in Aug 2025 as Director, Project Management to support the 2025 exploration program. The company granted 250,000 stock options exercisable at $1.98 per share for five years, vesting half at 1 year and half at 2 years from Oct 16, 2025. Management said both hires will support the Environmental Assessment process and an expected Pre-Feasibility Study later in 2025.
Thesis Gold (OTCQX: THSGF) announced 2025 exploration results from the Bingo zone at the Lawyers-Ranch project on Oct 6, 2025. The PR states drillhole 25BNGDD002 returned 89.30 m @ 1.10 g/t Au from surface including 12.00 m @ 2.31 g/t Au. Drillhole 25BNGDD001 intersected 13.61 m @ 0.73 g/t Au and a high-silver interval of 1.90 m @ 80.02 g/t Ag. The company completed an 86.1 line-km IP survey and reports new targets to be released later. The PR references the 2024 PEA (NPV 5% C$1.28B; IRR 35.2%; 2.0-year payback at US$1,930/oz Au) and states the 2025 PFS is on track for release in Q4 2025.
Thesis Gold Inc. (OTCQX: THSGF) has announced significant changes to its board and management team. The company appointed Russell Ball to its Board of Directors and David Garratt as Chief Financial Officer and Corporate Secretary. Nick Stajduhar stepped down from the Board but continues as VP of Corporate Development, while Sean Mager departed as CFO.
Russell Ball brings over 30 years of mining experience, including roles as CEO of Calibre Mining and executive positions at Goldcorp and Newmont Mining. David Garratt, CPA, CA, contributes 20+ years of financial leadership experience in mining companies. These appointments strengthen Thesis Gold's leadership as it advances the Lawyers-Ranch Gold Project through Pre-Feasibility and Feasibility stages.
The company also granted 400,000 stock options to employees and 105,250 deferred share units to directors under its Omnibus Long-Term Incentive Plan.