Sydney, Australia - Thomson Resources (ASX:TMZ) has received a "Letter of Notification" from private company Bacchus Resources ending the sale agreement over the gold exploration project in the Chillagoe district of north Queensland. The project comprised 6 EPMs (Exploration Permit for Minerals), 3 of which are granted. The area covered (594 square km) lies 30km west of Chillagoe and near the Mungana, Red Dome and King Vol mining operations.
Bacchus cites the failure to meet certain conditions precedent as the reason for termination.
The agreement provided for Bacchus and Thomson to transfer interests in the titles so that Thomson would have a 90% interest in the project and Bacchus 10%. These transfers were not completed by the due date (30 June 2019).
As a result, Thomson retains 100% of EPM application 27186 (Figure 1, Table 1 in link below).
Bygoo Project
Negotiations are continuing over the future of the Bygoo Project with private Canadian company BeiSur OstBarat Agency Ltd. To view tables and figures, please visit: http://abnnewswire.net/lnk/9B1VFBCO
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.
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
Sydney, Australia - Thomson Resources (ASX:TMZ) has received a "Letter of Notification" from private company Bacchus Resources ending the sale agreement over the gold exploration project in the Chillagoe district of north Queensland. The project comprised 6 EPMs (Exploration Permit for Minerals), 3 of which are granted. The area covered (594 square km) lies 30km west of Chillagoe and near the Mungana, Red Dome and King Vol mining operations.
