Drilling Completed at the Bygoo Tin Project
Sydney, June 23, 2015 AEST (ABN Newswire) - Thomson Resources Ltd (
ASX:TMZ) is pleased to announce that first phase drilling has been completed on 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 historic drilling has shown good potential for an economic tin deposit.
10 holes for 1060m were drilled to confirm historic drill intersections and extend the mineralisation by testing along strike and at depth. Mineralisation was logged in in 9 of the 10 holes: both greisen type alteration as well as discrete quartz veins. 227 samples from individual metres have been submitted for laboratory assay. Results are expected in early July.
The drilling at Bygoo was undertaken by shareholder Australian Mineral & Waterwell Drilling Pty Ltd (AMWD) and Thomson Resources is issuing 3,116,805 shares to AMWD at 1.8c per share as part-payment for drilling services.
To view tables and figures regarding drilling at Bygoo, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TMZ-863688.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.
| ||
|
