Thesis Gold Inc. announced further assay results from the 2022 summer drill program at the Ranch Gold Project in British Columbia's Toodoggone mining district. These results push the boundaries of the Bingo, Thesis III, and Thesis II zones, demonstrating gold mineralization along the >1.5-kilometer (km) Thesis Structural Corridor. Highlights.

High-grade gold mineralization at Thesis II: 22TH2DD012 returned 8.79 metres (m) core length of 11.97 grams per tonne (g/t) gold (Au), including 2.00 m of 46.50 g/t Au. 22TH2DD014 returned 14.90 m core length of 5.48 g/t Au including 2.00 m of 27.00 g/t Au. Infill drilling demonstrates mineralization along the 1.5 km-long portion of the Thesis Structural Corridor that has been drill tested to date.

Between Thesis II and Thesis III, hole 22TH3DD022 returned 38.57 m of 1.6 g/t Au including 23.00 m of 2.02 g/t Au. Between Thesis III and Bingo, hole 22BNGDD007 intercepted 34.90 m of 1.30 g/t Au including 12.66 m of 1.73 g/t Au. Mineral domain modelling implies continuity along a 1.5 km trend that stretches from surface to over 400 m downdip in the Thesis III zone, and over 270 m in the Bingo and Thesis II zones.

The Company will continue to test the Thesis Structural Corridor with both infill and expansion drilling, as the trend remains open both along strike and at depth. The Bingo, Thesis II zones of the Thesis Structural corridor were historically considered as three discrete zones of mineralization. Prior to exploration by the Company, Thesis III, historically the most extensively drilled of the three mineralized zones, measured a strike length of approximately 200 m, and a downdip extent of approximately 120 m. Drilling by Thesis has significantly expanded the limits of each of the three zones, and mineral domain models show that they are likely part of a continuous structure that spans over 1.5 km in strike length and continues downdip for at least 400 m.