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- Thomson Resources (TMZ) intersects gold in drilling around historical workings at the Mallee Hen project in New South Wales
- The best gold-bearing intercepts from the maiden drilling program include one metre at 1.1 grams per tonne (g/t)
- A single diamond hole at the Wilgaroon Project intersects a wide zone of low-grade tin-tungsten mineralisation
- Thomson receives indicative approval for the transfer of the Texas Silver Project tenements and expects the acquisition to be completed next month
- Shares are trading 4.2 per cent higher at 12.5 cents at 10:34 am AEST
Thomson Resources (TMZ) has intersected gold in drilling around historical workings at the Mallee Hen project in New South Wales.
The best gold-bearing intercepts from the maiden drilling program included one metre at 1.1 grams per tonne (g/t) and one metre at 0.5 g/t.
Wilgaroon Tin Project
Meanwhile, a single diamond hole was drilled at the Wilgaroon Tin Project, also in New South Wales, which intersected a wide zone of low-grade tin-tungsten mineralisation.
Thomson reported the large tin-tungsten zone has been confirmed over a strike length of 450 metres and remains open to both the east and west.
Texas Silver Project
Finally, Thomson has also received indicative approval for the transfer of the Texas Silver Project tenements from MRV Metal and expects the acquisition to be completed in July 2021.
Thompson struck the binding sale agreement for the project in the Silver Spur Basin of Southern Queensland, near the border with New South Wales, in early March.
The acquisition ties into the company’s plan to consolidate primarily silver resources around the Queensland-New South Wales border region as it pursues its ‘Fold Belt Hub and Spoke Strategy.
The Texas Silver Project is the proposed site of the ‘hub’ or central processing facility envisaged at the centre of the model and adds to the company’s silver resources.
Shares were trading 4.2 per cent higher at 12.5 cents at 10:34 am AEST.
