- Thomson Resources (TMZ) receives the first batch of assays from drilling at its Bygoo tin project in the Lachlan Fold Belt in NSW
- Results come from the first five holes drilled at the new Stewarts discovery to follow up on an intersection of 111 metres at 0.4 per cent tin
- While all results are expected to be received by late June or early July, up to one per cent tin has been intersected so far
- Drilling was also undertaken at the Yalgogrin gold project to extend the Bursted Boulder and Shelly occurrences with up to 1.1 g/t gold intersected
- Shares in Thomson Resources are up 7.14 per cent and are trading at 3 cents at 11:38 am AEST
Thomson Resources (TMZ) has received the first batch of assays from drilling at its Bygoo tin project in the Lachlan Fold Belt in NSW.
Results have come from the first five holes drilled at the new Stewarts discovery to follow up on an intersection of 111 metres at 0.45 per cent tin from 57 metres.
New results include 23 metres at 1 per cent tin from 62 metres, 17 metres at 0.9 per cent tin from 129 metres, and 13 metres at 0.4 per cent tin from 45 metres.
A further three batches of assays are still at the laboratory with results expected in late June or early July.
Drilling was also undertaken at the Yalgogrin gold project to extend the Bursted Boulder and Shelly occurrences. However, continuing rain forced the program to end early with only four holes completed.
While low-level gold was intersected at up to 1.1 grams per tonne (g/t), shallow wide gold zones were intersected south of Shelly, potentially indicating a new gold zone not historically worked on.
It remains open to the west and could extend further south than Thomson Resources currently believes.
“Whilst this has been a challenging drill program at Bygoo tin project, with weather delays and the length of time it is taking to get assay results, the first batch of results again demonstrates the quality of the Bygoo tin project,” Chairman David Williams said.
“The Yalgogrin results, whilst not as strong as previous programs, do show that there are
quality gold targets in this portfolio of tenements to add to the strong tin results from Bygoo.”
Shares in Thomson Resources were up 7.14 per cent and were trading at 3 cents at 11:38 am AEST.