- Thomson Resources (TMZ) delivers updated MREs for the Strauss and Kylo deposits within its Mt Carrington project in NSW
- The company has restated the MRE for these deposits to include zinc and copper, as opposed to their previous resource estimates which only included gold and silver
- Strauss and Kylo’s combined JORC MRE is six million tonnes at 1.17 g/t gold, 1.59 g/t silver, 0.33 per cent zinc, and 0.06 per cent copper for 225,000 ounces of gold, 306,000 ounces of silver, 19,800 tonnes of zinc and 3500 tonnes of copper
- Thomson says this aligns with its strategy to update the MREs for all Mt Carrington deposits to be JORC-compliant and reflect the project’s polymetallic potential
- Company shares are down 6.25 per cent to trade at 2.3 cents at 3:58 pm AEST
Thomson Resources (TMZ) has delivered updated mineral resource estimates (MREs) for the Strauss and Kylo deposits in northern New South Wales.
Part of the Mt Carrington project, the Strauss and Kylo deposits now have MREs which include zinc and copper as opposed to their previous resource estimates which only included gold and silver.
The deposits’ combined MRE is six million tonnes at 1.17 grams per tonne (g/t) gold, 1.59 g/t silver, 0.33 per cent zinc, and 0.06 per cent copper for 225,000 ounces of gold, 306,000 ounces of silver, 19,800 tonnes of zinc and 3500 tonnes of copper.
Majority of the JORC resource is in the indicated category with 1.7 million tonnes in the inferred category.
When compared to the previous MRE announced by ASX-listed White Rock Minerals (WRM), today’s MRE marks a 21 per cent increase in tonnes, two per cent increase in gold ounces, 17 per cent increase in silver ounces and a 100 per cent increase in the zinc and copper tonnes.
Thomson said the updated MRE is an initial step in restating polymetallic MREs under the JORC 2012 code for all deposits within the Mt Carrington project. This work is part of the company’s New England Fold Belt Hub and Spoke (NEFBHS) strategy.
“It’s great to be able to finally talk about the polymetallic potential of the Mt Carrington project and in the context of our Hub and Spoke Strategy,” Executive Chairman David Williams said.
“Whilst we will continue our robust and thorough approach to reporting MREs, given the work we had already done on the Strauss and Kylo deposits under the earn-in, we were able to quickly get these done to illustrate the potential to uplift the resources by bringing in the zinc and copper mineralisation,” he said.
“The Mt Carrington picture will continue to evolve and will enhance the NEFBHS as we complete the updated MREs, fold them into the Central Processing Pathway Study, progress the metallurgical understanding and embark on drill testing the areas between the various deposits.”
Thomson Resources will now focus on restating the MREs for other Mt Carrington deposits to meet its objective of achieving a 100-million ounce silver equivalent aggregate resource base.
Company shares were down 6.25 per cent to trade at 2.3 cents at 3:58 pm AEST.