ASX ANNOUNCEMENT
24 December 2020
COMPANY UPDATE
HIGHLIGHTS
- Harry Smith gold project drilling completed
- Drilling results for Chillagoe, Yalgogrin and Harry Smith drilling programs expected to be announced in January 2021
- Webbs and Conrad silver projects due diligence nearing completion
Thomson Resources (ASX: TMZ) (Thomson or the Company) advises that its exploration drilling programs for 2020 have now concluded and the due diligence on the Webbs and Conrad silver projects is nearing completion.
Harry Smith Gold Project
Thomson has completed the reverse circulation (RC) drilling program at the Harry Smith gold project in the Lachlan Fold Belt in NSW, as previously announced1, with 11 holes drilled for a total of 1,266 metres (see Figure 1 and Table 1).
The program was designed to test and extend the known gold zones, probe for potential connections between these zones and assess the potential 800m strike extent as well as to follow up previous Thomson drilling intercepts such as 17m at 5.2 g/t Au, incl. 9m at 9 g/t Au (Hole HSRC009) and 54m at 1 g/t Au (Hole HSRC004)2.
Samples have been despatched to the laboratory for assaying and results are expected to be available to be published in January 2021.
Chillagoe and Yalgogrin drilling results
Due to the significant increase in exploration activity around Australia and the pressure this is putting on assay laboratories, assay results from the auger drilling program at the Chillagoe project3 and the RC drilling program at the Yalgogrin gold project4 have been slightly delayed.
Results of these two drilling programs are now anticipated to be available to be published in January 2021.
Webbs and Conrad silver projects
Due diligence activities on the Webbs and Conrad silver projects, which are subject to a binding terms sheet acquisition by Thomson from Silver Mines Limited (ASX: SVL)5, is nearing completion, with finalisation anticipated early January 2021.
The due diligence has included detailed site visits of the Webbs and Conrad siler project sites by the Thomson due diligence team (see Figures 2 and 3).
- See ASX Release dated 3 December 2020 - Harry Smith High Grade Gold Hits Follow Up Drilling Commencing
- See ASX Releases dated 16 January 2019 - High Grade Gold Intersections at Harry Smith Prospect &
ASX Releases 29 January 2019 - Further Gold Intersections at Harry Smith Prospect
- See ASX Release dated 26 October 2020 - Auger Program commenced at Chillagoe Gold Project & ASX Release dated 18 November 2020 - Visible Copper Oxide Azurite At Surface At Chillagoe Auger Program
- See ASX Releases dated 19 November 2020 - Yalgogrin Gold Project Phase-2 Drill Program Commences & ASX Release dated 3 December 2020 - Harry Smith High Grade Gold Hits Follow Up Drilling Commencing
- See ASX Release dated 9 December 2020 - Webbs And Conrad Silver Projects Due Diligence Well Advanced
THOMSON RESOURCES LIMITED ASX:TMZ ABN 82 138 358 728 | 1 |
Level 1, 80 Chandos Street, St Leonards, NSW 2065 PO Box 956, Crows Nest, NSW 1585
Tel: +61 2 9906 6225 www.thomsonresources.com.au
ASX ANNOUNCEMENT
24 December 2020
Figure 1: Thomson Harry Smith gold project December 2020 drillhole locations set against surface soil
anomalies with previous drill hole locations
THOMSON RESOURCES LIMITED ASX:TMZ ABN 82 138 358 728 | 2 |
Level 1, 80 Chandos Street, St Leonards, NSW 2065 PO Box 956, Crows Nest, NSW 1585
Tel: +61 2 9906 6225 www.thomsonresources.com.au
ASX ANNOUNCEMENT
24 December 2020
Table 1 - Location of holes drilled by Thomson on the Harry Smith gold project in 2018 and 2020 - 2020
holes shaded orange (Note: Co-ordinates are MGA55 (GDA94). Dip is the hole inclination at the collar, Az is
the MGA55 bearing of the hole.)
Hole | East | North | Dip | Az | Depth | ||||||||||||
HSRC001 | 480,308 | 6,170,800 | -55 | 245 | 84 | ||||||||||||
HSRC002 | 480,309 | 6,170,823 | -60 | 245 | 150 | ||||||||||||
HSRC003 | 480,199 | 6,171,040 | -60 | 220 | 138 | ||||||||||||
HSRC004 | 480,140 | 6,171,051 | -60 | 220 | 102 | ||||||||||||
HSRC005 | 480,110 | 6,171,078 | -60 | 220 | 84 | ||||||||||||
HSRC006 | 480,288 | 6,170,851 | -60 | 220 | 102 | ||||||||||||
HSRC007 | 480,236 | 6,170,772 | -60 | 39 | 132 | ||||||||||||
HSRC008 | 480,140 | 6,170,876 | -60 | 200 | 96 | ||||||||||||
HSRC009 | 480,110 | 6,170,887 | -60 | 184 | 114 | ||||||||||||
HSRC010 | 480,128 | 6,171,041 | -60 | 220 | 108 | ||||||||||||
HSRC011 | 480,228 | 6,170,919 | -60 | 220 | 78 | ||||||||||||
HSRC012 | 480,252 | 6,170,733 | -60 | 90 | 84 | ||||||||||||
HSRC013 | 480,270 | 6,170,830 | -55 | 220 | 35 | ||||||||||||
HSRC014 | 480,274 | 6,170,836 | -55 | 241 | 84 | ||||||||||||
HSRC015 | 480,233 | 6,170,855 | -60 | 195 | 138 | ||||||||||||
HSRC016 | 480,220 | 6,170,895 | -60 | 270 | 78 | ||||||||||||
HSRC017 | 480,190 | 6,170,876 | -60 | 195 | 120 | ||||||||||||
HSRC018 | 480,148 | 6,170,908 | -60 | 195 | 120 | ||||||||||||
HSRC019 | 480,119 | 6,170,920 | -60 | 195 | 120 | ||||||||||||
HSRC020 | 480,072 | 6,170,900 | -60 | 195 | 100 | ||||||||||||
HSRC021 | 480,018 | 6,170,905 | -60 | 195 | 100 | ||||||||||||
HSRC022 | 480,220 | 6,171,003 | -60 | 220 | 120 | ||||||||||||
HSRC023 | 480,158 | 6,171,068 | -60 | 220 | 120 | ||||||||||||
HSRC024 | 480,102 | 6,171,060 | -60 | 220 | 90 | ||||||||||||
HSRC025 | 480,133 | 6,171,102 | -60 | 220 | 120 | ||||||||||||
THOMSON RESOURCES LIMITED ASX:TMZ ABN 82 138 358 728 | 3 |
Level 1, 80 Chandos Street, St Leonards, NSW 2065 PO Box 956, Crows Nest, NSW 1585
Tel: +61 2 9906 6225 www.thomsonresources.com.au
ASX ANNOUNCEMENT
24 December 2020
Figure 2: Photographs from site visit to Webbs silver project
Figure 2a - Old workings at Webbs
Figure 2b Historic head frame at Webbs
THOMSON RESOURCES LIMITED ASX:TMZ ABN 82 138 358 728 | 4 |
Level 1, 80 Chandos Street, St Leonards, NSW 2065 PO Box 956, Crows Nest, NSW 1585
Tel: +61 2 9906 6225 www.thomsonresources.com.au
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Thomson Resources Limited published this content on 24 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2020 23:32:01 UTC