- Thomson Resources (TMZ) has secured a drilling rig for two upcoming drilling programs at its Yalgogrin and Harry Smith gold projects in NSW
- The rig will first hit Yalgogrin, where it will undertake a follow-up drilling campaign
- It will then move to Harry Smith for a drilling program, expected to start by the end of the month
- On the market this morning, Thomson is down 13.6 per cent, trading for 7 cents per share
Thomson Resources (TMZ) has secured a drilling rig for two upcoming drilling programs at its Yalgogrin and Harry Smith gold projects.
The rig will first hit Yalgogrin, where it will undertake a follow-up drilling program from its positive results in the July drilling campaign.
Follow-up drilling aims to extend mineralisation by drilling sections on either side of the first drill selection and following the mineralisation east and west.
Thomson expects results from this program in late November through early December.
The drilling rig will then move to the Harry Smith gold project, with drilling expected to commence later this month.
Work at Harry Smith includes 2000 metres of reverse circulation drilling and aims to extend the known gold zones and assess the potential 800-metre strike extension.
Previously, Harry Smith’s best intercept was 33 metres at 2.8g/t of gold from 28 metres, including nine metres at 9g/t of gold.
Both projects are located in the Lachlan Fold Belt in New South Wales.
On the market this morning, Thomson is down 13.6 per cent, trading for 7 cents per share at 10:28 am AEDT.