The Bygoo Tin project Source: Thomson Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Thomson Resources (TMZ) intersects further “outstanding” tin mineralisation at its Bygoo Tin Project in the Lachlan Fold Belt, NSW
  • Results have been received for two further batches of assays which included four holes at the Stewarts zone to follow up an intersection of 111 metres at 0.45 per cent tin
  • Better results from this drilling include 69.5 metres at 0.5 per cent tin from 60 metres including 2.5 metres at 2.1 per cent tin from 70.6 metres
  • One final batch is still at the laboratory for assay with results expected to be released in late July or early August
  • Shares in Thomson are in the grey on market close, trading at 2.1 cents each

Thomson Resources (TMZ) has intersected further “outstanding” tin mineralisation at its Bygoo Tin Project in the Lachlan Fold Belt, NSW.

Results have been received for two further batches of assays with four holes drilled at the newly discovered Stewarts zone which followed up an intersection of 111 metres at 0.45 per cent tin from 57 metres.

Better results include 69.5 metres at 0.5 per cent tin from 60 metres including 2.5 metres at 2.1 per cent tine from 70.6 metres, and 36.2 metres at 0.45 per cent tin from 69 metres including seven metres at 1.7 per cent tin from 98.4 metres.

One final batch is still at the laboratory for assay with results expected to be released in late July or early August.

“Some further great results for the Bygoo Tin Project coming out of the Lachlan Fold Belt
drilling program conducted earlier this year. The tin grades are fantastic and interesting to see some copper coming into it as well,” Executive Chairman David Williams said.

“The expansion of the Stewarts zone we are seeing is great and shows the continuing potential of this tin project.”

The first results from Bygoo were received in early June with a best intersection of 23 metres at one per cent tin from 62 metres encountered.

Shares in Thomson were in the grey on market close, trading at 2.1 cents each.

TMZ by the numbers
More From The Market Online
Market Close Graphic

ASX Market Close: Local bourse manages last gasp of green cheer heading into Chrissy shutdown | Dec 24, 2024

The ASX 200 ended on a positive closing note before Santa’s arrival (a fair bit) later this evening with a 0.29% gain, adding...
The Market Online Video

Expert Exchange: How to approach Christmas spending amid the cost-of-living crisis

As Christmas comes closer, it may be a good idea to revise some of our thinking…
The Market Online Video

Expert Exchange: Gold charts will remember 2024 in history. Analysts see $3K/oz in 2025

If you had any large amount of money invested in bearish bets on just about anything…
The Patterson South Lake project in Canada that Paladin Energy has just acquired.

Paladin Energy puts Christmas bow on $1.5B all-scrip Fission Uranium merger

Paladin Energy (ASX:PDN) has completed the acquisition of Fission Uranium Corp six months after