- Thomson Resources (TMZ) has submitted an application for a new exploration licence in the Lachlan Fold Belt in New South Wales
- Includes the Buddigower Tin Field which is prospective for gold, silver, tin, tungsten and lead
- Whilst the area has seen limited historic exploration, it has managed to return surface gold samples of up to 4.8 grams per tonne and high-grade silver of 169 ounces per tonne
- This application follows four recent ones lodged just one week ago, which cover over 1180 square kilometres of the Lachlan Fold Belt
- Company shares are up a slight 2.27 per cent and are trading for 4.5 cents
Thomson Resources (TMZ) has submitted an application for a new exploration licence in the Lachlan Fold Belt in New South Wales.
The application includes the Buddigower Tin Field which was discovered in 1901. It has reported high grades of silver (169 ounces per ton) and gold-in-surface rock chips of up to 4.8g/t.
The Buddigower area is considered prospective for gold, silver, tin, tungsten and lead. There has been limited previous exploration, including minor shallow drilling.
In terms of modern exploration, the earliest was by Golden Cross Operations PL from 1994 to 2001. Golden Cross collected rock chips with up to 4.8g/t gold and silver to 101g/t.
Auger drilling followed with 55 holes and a best result of 0.25g/t gold. This was then followed up with nine shallow rotary air blast holes. with anomalous gold in four of those up to 0.3 g/t gold.
The new application sits adjacent to Thomson's recent applications lodged on September 21.
The company applied for four exploration licences including: Grellman, Four Mile, Buggajool and Kildary. Collectively, these licences cover 1180 square kilometres.
Recently, Thomson had success in drilling neglected historic gold prospects in the region.
In particular, the Harry Smith gold prospect contains a best intercept of nine metres at 9.2g/t gold from 38 metres, within a broader zone of 17 metres at 5.2g/t gold. It has also seen a best intercept of five metres at 10.3g/t gold from a 92-metre depth at the Yalgogrin gold project.
"These 4 Applications continue to build the company’s IRG prospective portfolio of gold projects – Lachlan Fold Belt, Hortons gold project (New England Fold Belt) and Chillagoe,"TMZ Chairman David Williams said at the time.
Company shares are up a slight 2.27 per cent and are trading for 4.5 cents at 2:13 pm AEST.