- Thomson Resources (TMZ) commences its initial reverse circulation and diamond drilling program at the Silver Spur mine in southeast Queensland
- The Silver Spur drilling program will target extensions to the current Silver Spur resource as well as compelling near resource exploration targets
- Follow-up rock chip and soil sampling are currently underway to assist in prioritising the anomaly clusters for systematic drill testing at the project
- Shares in Thomson Resources are up 5.26 per cent, trading at two cents as of 2:04 pm AEST
Thomson Resources (TMZ) has commenced its initial reverse circulation and diamond drilling program at the historic high-grade Silver Spur mine at the Texas silver-base metal project in southeast Queensland.
The company had recently completed a large dipole-dipole induced polarisation (DDIP) survey at Texas, highlighting seven clusters of strongly anomalous chargeability anomalies that have not been previously drill tested.
The Silver Spur drilling program will target extensions to the current Silver Spur resource as well as compelling near resource exploration targets.
“It is exciting to be drilling our own holes at the New England Fold Belt Hub and Spoke projects with the commencement of drilling at the Texas Project,” said Executive Chairman David Williams.
“This initial drill program will be testing high-priority targets at the Silver Spur deposit.
“This is the culmination of extensive work conducted by Thomson Resources and its geological consultants … and the outcome of the geophysical surveys and geological studies it has undertaken to unlock the significant exploration potential of the area.”
Over the past 12 months, Thomson has reported indicated and inferred mineral resource estimates (MRE) at a 25 grams per tonne silver equivalent for the Texas district deposits, totally a combined 19.5 million ounces (Moz) silver equivalent.
The current Thomson MREs for the Texas deposits contain in aggregate 660 kilotonnes at 54 g/t silver, 2.03 per cent zinc, 0.69 per cent lead and 0.09 per cent copper for a silver equivalent grade of 156 g/t and contained 3.3 Moz silver equivalent.
Follow-up rock chip and soil sampling are currently underway to assist in prioritising the anomaly clusters for systematic drill testing at the project.
Shares in Thomson Resources were up 5.26 per cent, trading at two cents as of 2:04 pm AEST.