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- Thomson Resources (TMZ) has completed its drilling program at the Mallee Hen gold project at the Lachlan Fold Belt in NSW
- The company drilled seven reverse circulation (RC) holes for 759 metres to test for further gold mineralisation around the historic workings
- However, one hole was abandoned after hitting a large cave, which TMZ believes to be an old stope or working
- The drilling rig will now be moved to the Bygoo tin project where it will drill a number of holes to help define a tin resource
- On the market this morning, TMZ is in the grey and trading at 15.5 cents per share
Thomson Resources (TMZ) has completed its maiden drilling program at Mallee Hen gold project, located at the Lachlan Fold Belt in NSW.
The company completed seven reverse circulation (RC) drill holes for 759 metres to test for further gold mineralisation around the historic workings.
However, one hole was abandoned after hitting a large cave, which TMZ believes to be an old stope or working.
Drilling results are due in the next two to three weeks.
The drilling rig will now be moved to the Bygoo tin project where it will drill a number of holes to help define a tin resource, as well as testing extensions of known mineralisation.
Bygoo was purchased by TMZ in 2015 and is located north of the Harry Smith gold project.
Previous significant intercepts from Bygoo include 35 metres at 2.1 per cent of tin from 50 metres depth downhole and 20 metres at 1.2 per cent of tin from 56 metres.
Last month, TMZ entered into a deal with White Rock Minerals (WRM) to earn up to 70 per cent of the Mt Carrington gold and silver project.
Under the agreement, TMZ has 60 days to complete its due diligence.
On the market this morning, TMZ is in the grey and trading at 15.5 cents per share at 11:41 am AEDT.
