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
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…