Live from Zurich, I speak with the President and CEO of Thesis Gold, Ewan Webster, about their strategic merger with Benchmark Metals. Ewan shares the rationale behind the merger where the two combined projects look to create a world-class gold asset in a top-tier mining jurisdiction (B.C., Canada).
The company is looking at "unlocking the combined potential" of the Ranch and Lawyers Gold-Silver Projects in the Toodoggone mining district of north-central British Columbia, Canada. 2022 Preliminary Economic Assessment for the Lawyers project alone projected an open-pit mining operation that would yield 163,000 gold equivalent ounces annually over a 12-year span.
Webster explains further:
"So that transaction closed middle of August and it was, I think it's going to be completely transformational for the company. Really, the rationale behind that was take two very good projects and make one kind of world-class asset and a top tier jurisdiction with a very strategic line position with, you know, a lot of it comes down to scale as well. Just having two projects adjacent to each other. We have the ability now to have much bigger than we ever would with two kind of independent projects, with improved economics as well."
The company is now evaluating the integration of the Ranch project, aiming to enhance these figures and bolster the overall potential. Central to this ambition is the 50,000-metre drill program, designed to define the high-grade underground resource at Lawyers and augment the near-surface high-grade deposits at Ranch.
The company’s roadmap includes the release of a global company resource estimate by Q2 2024, followed by an updated Preliminary Economic Assessment in Q3 2024." Please visit Thesis Gold to learn more.
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