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- Thomson Resources (TMZ) has intersected significant gold at all 11 holes drilled at the Harry Smith gold project, located in the Lachlan Fold Belt in New South Wales
- Assay results received from the holes during their Phase-3 program had wide intersections indicating open-pit gold potential
- Significant intercepts from this drilling program include seven metres at 4.4g/t gold from a 23-metre-depth (within 87 metres at 0.9g/t gold from 22 metres)
- The program has extended the Silver Spray and Golden Spray lodes to the west and northwest and connected the Harry Smith lode to the Silver Spray lode
- High priority follow up drilling will consist of both in-fill and extensional drilling to the west where mineralisation remains open
- Thomson Resources is up 9.09 per cent, trading at 12 cents per share
Significant gold has been intersected at all 11 holes drilled at the Harry Smith Gold Project by Thomson Resources (TMZ).
Assays received from the 11 holes drilled at the project during its phase three drilling program, located in the Lachlan Fold Belt in New South Wales, had wide intersections indicating open-pit gold potential.
Significant intercepts from this drilling program include seven metres at 4.4g/t gold from 23 metres depth (within 87 metres at 0.9 g/t gold from 22 metres) and five metres at 4.1 g/t gold from 21 metres depth (within 14 metres at 1.8 g/t gold from 12 metres).
Thomson’s previous drilling programs discovered thick low-grade gold mineralisation from surface as well as deeper high-grade lodes. The December 2020 drilling program was designed to extend this known mineralisation.
The program has extended the Silver Spray and Golden Spray lodes to the west and northwest and connected the Harry Smith lode to the Silver Spray lode.
The mineralisation is open to the west and further drilling is planned to extend the lodes in that direction.
“These latest results from the Harry Smith Gold Project are highly encouraging and mark a further significant exploration success for the company. Not only have all holes intersected significant gold, but the continuity of these high-grade and relatively shallow results bodes extremely well for the development of a commercial-scale open pit resource,” said Executive Chairman David Williams.
“This is exemplified by the presence of high-grade mineralisation in holes HSRC17 and HSRC15 which have provided us with evidence that the Silver Spray and Harry Smith lodes are in fact one large system as opposed to two separate lodes”.
At Silver Spray holes HSRC18 and HSRC19 extended the mineralisation down-dip with strong, wide intercepts, particularly HSRC18 with 87 metres at 0.9g/t gold from a shallow 22-metre-depth and a high-grade section at the top of that with seven metres at 4.4g/t gold from a 23-metre-depth.
Most of the intervals exhibit strong weathering in meta siltstones and sandstones, which saw significant quartz veining at multiple depths throughout the mineralised intervals.
High priority follow-up drilling will consist of both in-fill and extensional drilling to the west where mineralisation remains open.
Thomson Resources is up 9.09 per cent, trading at 12 cents per share at 12:15 pm AEDT.
