Thomson Resources Ltd. Second Round of Drilling Commences at the Bygoo Tin Project
16.09.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - Thomson Resources (ASX:TMZ) is pleased to announce that drilling has commenced on a second phase of drilling at its Bygoo tin project near Ardlethan, NSW. Ardlethan is the biggest tin deposit in NSW and is recorded to have produced 25,000 tonnes of tin in concentrate from open cut and underground operations between 1964 and 1986. Bygoo North has similar geology to Ardlethan and limited drilling has shown good potential for an economic tin deposit. Thomson completed an inaugural drill program at Bygoo North in June with excellent results announced (see TMZ ASX release of 23 June 2015). Examples include 13m at 1.0% Sn from 66m (BNRC010), 5m at 1.3% Sn from 130m (BNRC004) and 18m at 0.8% Sn from 118m (BNRC003). The drilling confirmed the wide tin-bearing greisen zone intersected in 1977 drilling and discovered a previously unknown south dipping limb of the main lode, as well as a new greisen position in the footwall of the main zone (Figure 1, in link below).
A new model of the tin-bearing greisen zones has been developed and the drill program will test this model centered on the zones intersected in drill hole BNRC010 (Figures 1, 2, in link below). The southern limb of the projected greisen zone is virtually untested and most of the Phase 2 holes are designed to confirm the model and the continuity of mineralisation. Two additional holes are planned to test the northern limb.
Between 5 to 7 holes for around 600m will be drilled over the coming week, with final assay results expected by mid-October.
The drilling at Bygoo is being undertaken by shareholder Australian Mineral & Waterwell Drilling Pty Ltd who have agreed to accept part payment for drilling services in Thomson shares.
To view figures 1 & 2, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TMZ-879388.pdf
About Thomson Resources Ltd:
Thomson Resources Ltd. (ASX:TMZ) is an NSW active mineral explorer. Thomson has several tin projects (including an advanced project near Ardlethan), as well as gold, copper and zinc targets in a range of settings. Thomson has a good record of discovery, with multiple new Intrusion-Related Gold (gold with copper, lead, zinc, molybdenum, tungsten) systems discovered in the Thomson Fold Belt in the NW of the state.
Contact:
Eoin Rothery, Chief Executive Officer
Thomson Resources Ltd.
T: +61-2-9906-6225
F: +61-2-9906-5233
E: info@thomsonresources.com.au
www.thomsonresources.com.au
