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- Thomson Resources (TMZ) can finally commence drilling at its Bygoo Tin Project in the Lachlan Fold Belt of New South Wales (NSW) after a “frustrating” summer of unseasonal heavy rainfall
- The drill rig has now been mobilised to site and the first drill target is the major discovery from last year, located 300 metres northwest of the main area
- Drilling will then go on to test last year’s second discovery closer and sub-parallel to the main zone, as well as the main zone itself
- Thompson aims to define a maiden mineral resource estimate for Bygoo this year.
- Shares in TMZ are trading 1.6 per cent higher at 6.1 cents
Thomson Resources (TMZ) can finally commence drilling at its Bygoo Tin Project in the Lachlan Fold Belt of New South Wales (NSW) after a “frustrating” summer of unseasonal heavy rainfall.
Executive Chairman David Williams said the extraordinary La Nina rains caused frustration for the company, making it impossible to bring the contracted drilling rig onto the site.
Bureau of Meteorology statistics for nearby town Ardlethan show November 2021 saw 166 millimetres (mm) of rain against a long term mean of 40.8mm and January 2022 saw 138.3mm of rain against a long term mean of 43.6mm.
However, the drill rig has now been mobilised to site and the first drill target is the major discovery from last year, located 300 metres northwest of the main area.
Only two holes were drilled on this previously undrilled zone, with significant intercepts including 118 metres at 0.43 per cent tin from 57 metres, including 11 meters at 0.7 per cent tin from 57 metres.
Drilling will then go on to test last year’s second discovery closer and sub-parallel to the main zone, as well as the main zone itself.
Significant intercepts from this area comprise 23 metres at 1.4 per cent tin from 141 metres including 4 metres at 3.52 per cent tin from 149 metres.
Mr Williams said it’s great to finally get on the ground at the Bygoo Tin Project and follow up on the outstanding results from the 2021 drilling.
“The Bygoo Tin Project continues to produce great exploration results and we look forward to moving towards defining a maiden Mineral Resource Estimate for Bygoo this year,” he said.
Further drilling plans are in place for the company’s Harry Smith Gold Project in the same area, as well as other prospects in the region.
Shares in TMZ were trading 0.83 per cent higher at 6.1 cents 2:15 pm AEDT.
