RANCH GOLD PROJECT TARGETING 2 MILLION OUNCES GOLD
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Thesis gold ranch presentation may 2021
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RANCH GOLD PROJECT TARGETING 2 MILLION OUNCES GOLD
- 1. CORPORATE PRESENTATION MAY 2021 RANCH GOLD PROJECT THESISGOLD.COM TARGETING 2 MILLION OUNCES GOLD
- 2. 2 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Disclaimer Forward Looking Statements: Certain statements and/or graphics in the Companyâs press releases, web site information and corporate displays, among others, constitute âforward- looking statementsâ. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet managementâs expectations. Forward-looking statements include estimates and statements that describe the Companyâs future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by terms such as âbelievesâ, âanticipatesâ, âexpectsâ, âestimatesâ, âmayâ, âcouldâ, âwouldâ, âwillâ, or âplanâ, or their conditional or future forms. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Companyâs mineral properties, and the Companyâs financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals ; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is not exhaustive of the factors that may affect any of the Companyâs forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Companyâs forward-looking statements. The Company does not undertake to update any forward looking statement that may be made from time to time by the Company or on its behalf, except if required to do so by applicable securities laws. You are cautioned not to place any undue reliance on any forward-looking statement. Forward Looking Statements or Information Related to Exploration: Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further, areas around known mineralized intersections or surface showings may be marked by wording such as âopenâ, âuntestedâ, âpossible extensionâ or âexploration potentialâ or by symbols such as â?â. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small. The presentation contains historical exploration data that have not been verified by Thesis Gold and may not be accurate or complete, and therefore the information should not be relied upon. Michael Dufresne, M.Sc., P.Geol., P.Geo., serves as a Technical Advisor and is the Qualified Person, as defined by National Instrument 43-101, responsible for reviewing and approving the technical content of all materials publicly disclosed by Thesis Gold Inc., including the contents of this presentation.
- 3. 3 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Thesis Gold is a mineral exploration company focused on proving and developing the substantial resource potential of the Ranch gold project, located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Metals Group has been contracted by Thesis Gold to be the project operator. The Metals Group of Companies is led by a dynamic group of resource sector professionals with a long track record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value. About Thesis Gold RANCH GOLD PROJECT VANCOUVER
- 4. 4 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Capital Structure Warrants @ $0.75 TSX.V: TAU WKN: A2QQ0Y 31.9M $5.2M Outstanding Cash Ticker 13.2M May 2021 Management (43%) Institutional (40%) High Net Worth & Retail (17%) THESIS SHAREHOLDERS
- 5. 5 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM RANCH GOLD & SILVER PROJECT ⢠Located in the prolific Golden Horseshoe ⢠Developing substantial resource potential ⢠Proven and profitable mining jurisdiction ⢠21 known near surface epithermal gold deposits and prospects ⢠35,500 m of core drilling in 433 holes and development of 3 small open pits; 10,000 oz gold produced ⢠Average drilling <100m, zones remain open along strike and at depth ⢠Potential link to deeper porphyry system ⢠90% of the 178 km2 property is underexplored â additional discovery potential Investment Opportunity - 2 M Oz Gold Exploration Target
- 6. 6 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Management & Directors Ewan Webster, Ph.D., P.Geo. â President, CEO & Director Ewan is an exploration geologist who has worked for a number of public companies in North and South America, on a variety of different deposit types. He holds a First-Class Honours degree in geology from the University of Glasgow, Scotland, a Geoscience B.C funded PhD from the University of Calgary and is a registered professional geoscientist in British Columbia. His PhD research focused on unraveling aspects of the structure, stratigraphy, tectonics, and metamorphism of southeastern British Columbia. Justin Bourassa â CFO Justin is an entrepreneur and finance professional with more than sixteen years of global experience in the management, governance, and reporting of private and publicly-listed mineral exploration and mining companies operating worldwide. Mr. Bourassa is also the principal at a corporate services provider with the unique ability to manage and lead productivity efficiently through complex and challenging scenarios. He is bilingual in French and English. Roy Bonnell, M.Sc., MBA â Chairman & Director Roy is an entrepreneurial businessman who has founded and held executive roles such as Chairman, CEO, and Directorships of numerous capital, exploration and technology companies over the last 26 years. Early in his career he held the position of legal counsel for a company that listed on the NYSE. In 1996, Roy became a member in good standing of the Law Society of Upper Canada and holds a B.A. (Honours) from Queen's University, an M.Sc. in Accounting and Finance from the London School of Economics, an M.B.A. from McGill University, and a Law Degree from the University of Western Ontario. Nicholas Stajduhar â Director Nick is an accomplished financial industry professional with 15 years of experience in all aspects of sales and operations. Nick has a proven track record of capital raising, is a highly knowledgeable market professional with strong communication and client relationship skills. Douglas Sarkissian â Director Mr. Sarkissian assumed the role of president of Guardsmen Resources Inc. in August 2018. Guardsmen is a 30 year old private mineral exploration company focused on British Columbia. Previously, he was an investment advisor with Wood Gundy in Toronto and Calgary. He has experience as part of a management team that put a mineral property near Helena Montana into production, opening old workings, establishing a mill and enabling delivery of concentrates to the Asarco smelter in Helena. Subsequently, he became a lawyer, initially practicing with Swinton & Company in their securities department in Vancouver. For the past 35 years he worked as a lawyer in his boutique law firm in West Vancouver, British Columbia. During that time his practise was engaged, among others, by several corporate and securities interested business ventures. James Xiang - Director Mr. Xiang led the acquisition of the Quebec Lithium project and was the Chief Executive Officer of North American Lithium (July 2016 to March 2018). In addition, Mr. Xiang served as director for several TSX and US-listed companies, and has served as a director and CFO for several TSX and US-listed companies since 2005. Mr. Xiang is the Chief Executive Officer and a director of Jien International Investment Ltd. and has managed its $1.6 billion asset in Canada since 2013. Prior to his engagement with Jien, Mr. Xiang was the President of China Mineral Resources Limited, a company that provided investment and financial advisory services to Chinese companies seeking to list, finance or transact on M&A opportunities in North America. Mr. Xiang holds CPA (Delaware) since 2004 and has a Bachelor of Economics from Huazhong University of Science & Technology in China (1993) and a Masters of Business Administration from York University (2003).
- 7. 7 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM RANCH LAWYERS KEMESS RED CHRIS GT GOLD ESKAY BRUCE JACK RED MOUNTAIN ANYOX BRONSON BOWSER BASIN STIKINIA EPITHERMAL PORPHYRY Located in British Columbiaâs prolific âGOLDEN HORSESHOEâ PREMIER
- 8. 8 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM The Geological Model â High Sulphidation Epithermal System Stratigraphy The Ranch property is predominantly underlain by a shallow northwest-dipping sequence of volcanic and sedimentary rocks of the Lower Jurassic Toodoggone Formation. Structure NW-NNW trending fault and fracture system that acted as conduits for fluids to migrate and precipitate metals. Alteration Alteration on the Ranch property is of the high- sulphidation (acid-sulphate) epithermal type, characterized by widespread argillization and silicification of andesite-dacite hosts rocks. Gold mineralization is hosted by silica-sulphate and silica- sulphide bodies flanked by argillicly altered zones. Mineralization Principal ore minerals include argentite, electrum, native gold and silver and lesser chalcopyrite, galena and sphalerite. Generalized cross section of the Toodoggone dis
- 9. 9 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Excellent Exploration Potential
- 10. 10 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Historical Drill Summary ZONE High-Grade Intercepts* Bulk-Tonnage Intercepts* BONANZA 223 DDH; 18,778 m; 25.9 g/t Au over 19.40 m 6.58 g/t Au over 78.27 m 29.9 g/t Au over 25.60 m 14.42 g/t Au over 49.11 m THESIS III 70 DDH; 4,667 m; 26.48 g/t Au over 11.00 m 7.20 g/t Au over 48.30 m 16.39 g/t Au over 8.26 m 4.94 g/t Au over 39.98 m THESIS II 14 DDH; 2278 m; 9.78 g/t Au over 7.00 m 2.36 g/t Au over 49.12 m 5.12 g/t Au over 6.51 m 2.15 g/t Au over 36.27 m BV 48 DDH; 1545 m; 39.83 g/t Au over 4.00 m 7.15 g/t Au over 24.00 m 8.11 g/t Au over 10.30 m 3.51 g/t Au over 28.01 m *Drill core length - true thickness not k
- 11. 11 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM The Thesis Structural Corridor >4km long trend ⢠Most holes are under 100 m ⢠Many holes end in mineralization ⢠Mineralization often improves at depth ⢠Zones are open along strike and at depth ⢠Zones are associated with a large, linear, magnetic low ⢠Large areas between zones have not been tested ⢠The fault bounded mineralization and correlation with magnetic lows is strikingly similar to Benchmarks Lawyers Project
- 12. 12 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM THESIS ll â OPEN IN ALL DIRECTIONS Metres/Au g/t MOST HOLES UNDER 100 METRES MANY HOLES END IN MINERALIZATION MINERALIZATION IMPROVES AT DEPTH THE MOST SOUTHEASTERLY HOLE RETURNED THE BEST INTERVAL AND WAS NOT FOLLOWED UP NE SW Cross Section THESIS III N *Drill core length - true thickness not know 0 100 200 m
- 13. 13 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Drill Targeting and Discovery Potential Thesis developed a geophysical matrix that describes gold mineralization across the Ranch Property Drilled zones with robust gold mineralization are characterized by coincident ⢠linear magnetic lows, ⢠strong resistivity, and ⢠moderate to strong chargeability responses Thesis has identified eight untested target zones within the 6.65km2 IP survey area Targets extend from surface to a vertical IP Resistivity Response IP Chargeability Response
- 14. 14 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM The Next Steps - 2021 DATA COMPILATION - GEOPHYSICAL SURVEYS - DRILLING GEOLOGICAL MAPPING SOIL & ROCK SAMPLING RELOGGING AND SAMPLING - Stage 1 Winter Stage 2 Spring/Summer Stage 3 Spring/Summer INFRASTRUCTURE UPGRADES PERMITTING - Completed 2020 Completed 2020 Completed 2021 Underway Phase 1 â 2000 m May Phase 2 â 8000 m July Phase 3 â 10000 m August
- 15. 15 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM Environment, Social, and Governance Initiated baseline environmental studies as part of permitting process ⢠Wildlife monitoring and mitigation measures ⢠Environmental monitoring and water sampling ⢠These studies will be completed collaboratively by Sasuchan Environmental and Chu Cho Environmental, First Nation consulting companies Kwadacha Nation Thesis Gold is working with the Kwadacha Nation, Takla Nation, Tsay Key Dene, and Tahltan Nation to establish exploration, engagement and communications agreements as supporting partners Thesis is providing, employment, training and contracting opportunities to our First Nations partners The First Nations are actively participating in project development Tsay Key Dene
- 16. 16 TSX/V: TAU WKN: A2QQ0Y THESISGOLD.COM TRACK RECORD AND TEAM ⢠Experienced team with decades of mining experience ⢠Operated by the Metals Group of Companies Value Proposition OPPORTUNITY ⢠Proven and profitable mining jurisdiction ⢠Developing substantial resource potential ⢠21 known near surface epithermal gold deposits and prospects ⢠Potential link to deeper porphyry system ⢠Average drilling <100m, zones remain open along strike and at depth ⢠Large historical dataset ⢠90% of the 178 km2 property is underexplored â additional discovery potential
- 17. 17 Vancouver Office 1111 West Hasting Street, Suite 780 Vancouver, BC Canada, V6E 2J3 Ewan Webster President, CEO & Director ewanw@thesisgold.com Nick Stajduhar Business Development & Director nicks@thesisgold.com
Editor's Notes
- The Ranch project is essentially the northern extension of benchmark metals Lawyers project. The Ranch property is the next contiguous 178 km2 to the north. The topography is very favorable as you can see in the image, it is essentially just rolling hills with very few trees and limited vegetation, it also has a network of roads on the project and the mineralization comes to surface as you can see from the historic open pit in the centre of the screen. All of these things result in very cost-effective exploration. this area was explored in the early 1980âs during which time they found some fantastic mineralization, but with falling gold prices exploration in the area ceased. (From 1972 onwards) At least 17 different operators conducted work on a number of claims that for the first time have been consolidated by Thesis to form the Ranch Property, creating this district scale-land package which they held for >20 years. They just didnât have the technical experience to really advance this project to what we think could be over 2M ounces gold.
- The Ranch project is situated in north central British Colombia within the prolific golden horseshoe It is the same technical team behind Ranch as it is Benchmark metals. I was formerly the senior geologist for Benchmark and I am the senior geologist for the Metals Group, so strong technical expertise heading up this endeavour. Collectively over +150 years of mining experience Management of over 25 public mining companies delivering shareholder value Raised in excess of $400 million towards exploration, development & production projects globally Management named three times to TSX Venture 50TM It is the same technical team behind Ranch, the Metals Group as it is behind Benchmark and the Lawyers project. I am the senior geologist for Metals Group and Benchmark and John Williamson and the rest of our team are also intimately involved in Ranch as well,
- At the end of October concurrent with completion of the acquisition of the project we raised $6M with strong institutional support out of the gate. at $0.50 per Unit. (Oct 30) Additionally, we recently completed a fully subscribed $1.5M flow-through financing from Sprott Assest management (Dec 14th) So we are in a very strong position going into our first field season with the ability to execute a really strong program in addition to the work we are currently doing. Non brokered and clarus has been bringing some attention to the story. the issuance of 12,000,000 Units. Each Unit is comprised of one common share of the Company and one warrant, with each warrant entitling the holder thereof to purchase one additional common share of the Company at a price of $0.75 at any time on or before 5:00 pm (Vancouver Time) on the date that is two years from the date of issuance of the warrant. 936,000 brokers warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.50 at any time on or before 5:00 pm (Vancouver Time) on the date that is two years from the date of issuance of the Broker's Warrant. â value of warrants ~10 M at a price of $0.75 per Share for total proceeds of up to $1,500,000 through the issuance of up to 2,000,000 Shares (the "Private Placement"), which is fully subscribed from funds managed by Sprott Asset Management LP. Delphi / Merck / Delbrook / APAC / Sprott / Luxor / Warantah
- I believe the real opportunity at Ranch can be explained using Benchmark as an analogue. Lawyers sat dormant for 25 years and the project has benefited substantially from modern, systematic exploration, and new geological framework which we will be able to apply to Ranch Benchmark acquired Lawyers about 3 years ago and have very rapidly advanced the project from an initial resource of 80,000 oz of gold about the same as what currently exists on Ranch Benchmark completed 87,000m of drilling this year and has a new resource estimate and PEA on the horizon in the first quarter of 2021. We believe that the same potential exists at ranch and that we can utilize our experience in the region to rapidly advance Ranch in a similar way. Bullets! Surface-mined an estimated 41,200 tonnes of ore grading 9.2 g/t Au from the BV, Thesis and Bonanza Zones and trucked it approximately 40 km to the Lawyers mill for processing. About 10,000 ounces of gold were recovered from this open pit mining activity. The paradigm shift really came from them not focusing on high-grade underground mining but rather evaluating the project on its open pit bulk tonnage potential, especially in the very different economic environment that we have for gold now!
- The Ranch project is situated in the golden horseshoe of British Columbia. We have been using this rather than golden triangle because it much more accurately reflects the potential that exists in this region of BC. The green package of rocks is known as the Stikine terrane and in the centre of this is the bowser basin sediments in brown. I have added some of the major deposits and mines in this region and you can see they form an arcuate shape around the brown rocks. We are situated on the east side where the rocks are the same type and age, have the same alteration and mineralizing systems and the same potential to those on the west side. This region has just been overlooked. RANCH is located within the northeastern region of the prolific metal-endowed Stikine terrane. Magmatic events in Stikinia during the Late Triassic and Early Jurassic are the driving source for the development of mineralizing porphyry and epithermal systems. On both the east and west sides of the Bowser Basin the same magmatic and mineralizing events are recognized, forming an arch of gold and polymetallic mineralization; known herein as the âGolden Horseshoeâ . Â
- The image on the right here is a general cross section of the Toodogone showing how the porphyry and epithermal mineralizing systems are all linked. At depth in red is the porphyry environment, similar to Kemess, above this is the high sulphidation mineralization which is what we have at Ranch, and on the flanks is the low-sulphidation mineralization we see at Lawyers. Ranch is comprised of numerous high-sulphidation epithermal deposits and showings but there is also strong indications of porphyry type alteration as well. The Acid-sulphate type deposits we see at Ranch have a highly sulphidized mineral assemblage of pyrite copper sulphosalts (Enargite is a copper arsenic sulfosalt mineral with formula Cu3AsS4.), oxides (malachite and azurite) and sulphides associated with advanced argillic alteration zones which contain kaolinite and alunite that formed contemporaneously with the deposit All the altered zones are related to and centred on faults. However the drilling suggests that some laterally extensive zones of quartz and clay minerals appear to have flared outward from the fault structures to produce zones of altered rocks that are generally concordant with the flat to gently S to SW dipping volcanic hostrocks. The alteration mineral assemblages developed are typically acid sulphate type, zoned outward from a central core in which the original rock texture and rock-forming minerals are completely obliterated by microcrystalline silica, minor clay minerals and alunite, with or without pyrite, and are lined by drusy quartz and interlocking tabular barite. The argillic zone grades outward, in turn, to a broad peripheral propylitic zone with chlorite, epidote and carbonate Sericite from the Bonanza zone returned a 4039 date of 196 Ma which is much older than the 180 or younger mineralizing events at LawyersâŚâŚsuggesting two discrete pulses of epithermal minealization. Now when you consider the Black Lake suite and Kemess deposit are around 202 Ma the Ranch age which is a minimum because of a disturbed spectra would suggest a closer correlation to that age of system.
- What we have been working hard on is completing a significant digital data compilation from the large historical primarily paper data set on the project. This is the first time such a digital compilation has been undertaken on the project and will allow us to unlock the potential from decades worth of historic fieldwork and drill programs. In tandem with the digitization of the data we have designed and developed a cloud-based data management system to seamlessly manage tenure, geochemistry, geophysics, geology, and drill data to leverage data integration utilizing our our 3D visualization software. Why this matter is ultimately these integrated data sets will enable the company to focus our drill targeting so much better than they did historically. 34,117 m of historical core drilling from 433 holes â Large historical dataset A total of 3300 rock samples up to 80.56 g/t Au. 509 trenches with 5437 chip or rock samples of which 17% have assays between 2.0 to 10.4 g/t Au and 6% range from 10.4 to 561.48 g/t Au. Incredibly gold rich system! 14,800 soil samples covering 27 km2 (~15%) of the current property and as you can see most of the data ect all fall within this core region with the rest largely unexplored. In addition to this work we completed a ground magnetic survey that covers 18.4 km2 in the core central zone. We know from our work at Benchmark that large fault structures control the mineralization, and it appears to be the same at Ranch. Iâve created a schematic cross section showing the relationship of the faults to the mineralization, so as you can imagine being able to identify these is critical for successful drilling and making new discoveries. From reviewing the magnetic data you can really see the spatial correlation of known zones of mineralization and more importantly the continuity of the faults along strike that havenât been tested. To expand beyond the region that had been the focus of historic work we completed an airborne geophysical VTEM survey spanning over 70% of the project. This survey looks for conductive minerals in the subsurface and we know that the mineralized zones are associated with sulphide bearing conductive minerals so this should prove to be an exceptionally good exploration tool across this vastly underexplored project.
- Ive highlighted 6 of the zones historically drilled on the project and included some of the intercepts returned in the table on the right from the various zones. As you can see there are some spectacular grades including 29.9 g/t Au over 25.60m. The column on the left side shows that the vast majority of drilling was focused on the Bonanza zone and the others received limited drilling all of which remain open along strike and at depth and this isnât even including the discovery potential that exists between them or at the other targets. I am going to show you a couple of examples of this from the Thesis structural corridor here The Ridge prospect is a distinct northeast trending silicified spine structure which has been traced for over 700 metres. The structure is 5.4 metres wide, 106.6 metres long and extends 213.3 metres downdip. A87-101 yielded a weighted average of 4.3 grams per tonne gold over the 5.0-metre interval from 79.35 to 84.35 metres and 24.0 grams per tonne gold over the 11.0-metre interval from 87.35 to 98.35 metres The Bonanza zone differs in that sericite is abundant and advanced-argillic alteration is absent. Sericite from the Bonanza zone gives an interpreted Ar/Ar date of ca. 196 Ma for high-sulfidation-style mineralization
- The image on the right is ground magnetics and you can see the three zones are situated in the blue, magnetic low that extends for over 4kms. This is large structural corridor that has not been fully tested.
- This is all of the drilling at thesis 2 and gold is displayed on the drill traces with hotter colours representing high grades. The most southeasterly of all the drilling in this zone, and in the corridor returned 32 metres of 3.54 g/t Au and 7m of 10g/t and was never followed up on. As you can see some of the other holes returned excellent grades as well but at the time they were not underground minable grades so they were ignored. Additionally many of the holes end in mineralization.
- reviewed historical induced polarization (IP) geophysics against surface geochemistry, drilling, and ground magnetics to produce a geophysical matrix that describes gold mineralization across the Ranch Property The historical IP data was evaluated over existing drilling to establish a geophysical matrix specific to gold mineralization. There is excellent correlation between the newly delineated geophysical matrix and previously drilled gold-bearing zones. The identification of eight additional targets with the same geophysical fingerprint as existing mineralized zones is well beyond our expectations. The IP survey was acquired in 2007, after the historical drilling on the project, and therefore was never utilized for drill targeting. We look forward to using this IP data during the 2021 drill campaign with much anticipation Gold mineralization on the project is associated with silica-sulphate and silica-sulphide bodies that are flanked by argillic alteration zones, typical of high-sulphidation epithermal deposits. The pervasive silica alteration generates a strong resistivity response and the associated sulphide mineralization and argillic haloes in turn provide a moderate to strong chargeability response This coincident geophysical response has identified eight new targets that extend from surface to a vertical depth of over 300 metres and can have widths in excess of 1,000 metres, these targets may reflect substantial zones of alteration. To evaluate these new targets a field-based exploration program will focus on soil and rock sampling in addition to detailed geological mapping to delineate drill targets for the Companyâs 2021 program
- We have completed all of the background work at this point and we are looking to the 2021 exploration and drill program. That will begin in May with drilling, Phase 1 test some key targets, provide geological knowledge, get out ahead of the labs, get results to the market quicker than others Some of the conformity holes are for metallurgy not much about this historically and need this We had the available drill core from the project moved down to our logging facility near Vancouver where we relogged the core. This process was exceptionally helpful for the geologists getting their eye in to the style of alteration, mineralization and this new data has been integrated into the database allowing us to hit the ground running in the late spring when we start drilling. Drilling will be a phased approach beginning in may with approval from the government and that program will be 2/3000m and will focus on testing some key targets, providing early results, and allow us to get out ahead of the labs before they get busy. A second phase will commence in early July and consist of approximately 8000 m and be testing the depth and strike extent of these systems, in addition to some new targets. A possible third phase will include an additional 10000m and continue on from phase 2. All of which will be complete by mid September.
- We have also been working hard on the permitting aspect to make sure we are building strong relationships with the government, First Nations, local communities and other stakeholders so that we start from the strongest possible position as we quickly advance and grow this project. Benchmark essentially laid the groundwork for us with the FN consultation, Iâve been involved in this from a couple of years now and we have developed very strong relationships with the various FN in the area. We have draft agreements with all of the FN in place at the moment and we are just waiting on final signatures. We are also using the FN consulting companies to complete Wildlife and Environmental monitoring for us. So not only have we developed good relationships, but we are providing meaningful opportunities and work for the FN communities which again is so critical as we advance and grow this project Really to summarize I donât see any significant road blocks ahead, we have our permitting well in hand, FN consultation has been excellent, our contractors are all in place for the summer, and we or on schedule for a late spring/early summer project startup. Wildlife mitigation 1. Habitat Mapping. 2. Resource Selection Function (RSF) models to derive habitat maps. 3. Remote Camera Study 4. Annual Late-winter Caribou Aerial Surveys
- To finish up here I think the real opportunity is Thesis and the Ranch Project is Benchmark 2.0 but 2 years behind where benchmark currently exists, but we have the team in place who knows the region, the rocks, and the ability to rapidly advance this project.