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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Thomson Resources Ltd    TMZ   AU000000TMZ5

THOMSON RESOURCES LTD

(TMZ)
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Thomson Resources : New Gold Silver Tin Prospect in the Lachlan Fold Belt

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09/27/2020 | 08:05pm EDT

PO Box 956, Crows Nest, NSW 1585

Tel: +61 2 9906 6225

Web: www.thomsonresources.com.au

New gold-silver-tin prospect in the

Lachlan Fold Belt

28 September 2020

Highlights

  • Application lodged for a new Exploration Licence in Lachlan Fold Belt
  • Includes the Buddigower Tin Field which is prospective for gold and silver
  • Adjacent to existing Thomson Exploration Licence Applications and gold Projects
  • Historic workings with high grades of silver (+100 oz per ton)
  • 5km of gold-anomalous strike - surface gold samples to 4.8 g/t Au

Lachlan Fold Belt Tenement Applications

Thomson Resources Ltd ("Thomson" or "Company", ASX: TMZ), is pleased to advise that it has submitted a further application for a new Exploration Licence no. 6136 in the Lachlan Fold Belt in New South Wales. The Application incorporates the Buddigower Tin Field which and has reported high grades of silver (e.g. 169 oz per ton) and significant gold in surface rock chips (up to 4.8 g/t Au)

The new ELA is adjacent to the recent applications by Thomson (see ASX Release dated 21 September 2020) and covers additional prospective ground east of the "Grellman" application, ELA 6130 (see Figure 1). Thomson has had recent success in drilling neglected historic gold prospects in the region such as at the Harry Smith gold prospect which contains a best intercept of 9m at 9.2 g/t Au from 38m in HSRC009, within a broader zone of 17m at 5.2 g/t Au (see ASX Release dated 16 January 2019) and recently at the Yalgogrin gold project which contains a best intercept of 5m at 10.3 g/t Au from 92m depth in TGRC06 (see ASX Release dated 18 August 2020).

ELA 6136 includes the Buddigower Tin Field which was discovered in 1901 by prospector J. Smith. The area was worked until 1906 with 6 shafts, 30m being the deepest (see Figure 2), and many shallow open pits and costeans.

In 1967 Ardlethan Tin had an option over the area and drilled several 15m deep vertical holes over a 150m x 50m area at the central group of workings. Six holes were anomalous in tin with a best of 1.5m at 0.44% Sn at end of hole (EOH). Two further holes were drilled 100m to the southeast and both had 1.5m at 0.3% Sn. No gold or silver assays were done.

Thomson Resources ASX Release

1.

ASX code: TMZ

Figure 1 - Location of new EL Applications

Thomson Resources ASX Release

2.

ASX code: TMZ

Figure 2 - Historic Mine Data collated by Cluff Resources (Open File Report RE0000338)

The earliest modern exploration was by Golden Cross Operations PL from 1994 to 2001. Golden Cross collected rock chips with up to 4.8 g/t Au (see Figure 3) as well as silver to 101 g/t Ag. Auger drilling followed with 55 shallow to 3.3m depth vertical holes and a best result of 0.25 g/t Au. For follow up, 9 shallow RAB holes to 18m depth were drilled in 1998, with anomalous gold in four of those up to 0.3 g/t Au.

Finally, Cluff Resources (NSW Tin) worked in the area from 2008 to 2012. Cluff compiled some of the historic mining information (see for example, Figure 2) showing that the deepest shaft of 30m reported very high silver grades up to 700 ounces per ton with tin up to 5.6% Sn and gold also mentioned. Support for the high grades of silver was found in rock chip sampling of spoil heaps by Cluff who reported multiple samples over 500 g/t Ag with best results of 2,260, 2,360 and 5,280 g/t Ag (the latter is 169.8 ounces per ton of silver). High values of lead, zinc, tin and tungsten were also reported (up to 5.2% Pb, 1.1% Zn, 4.8% Sn and 2.5% W). Locations were given in local grid only and are not plotted in Figure 3.

Thomson Resources ASX Release

3.

ASX code: TMZ

Figure 3 - Buddigower - general area with WNW-ESE gold trend zone and detail inset

Hole

MGAE

MGAN

Depth

Max

Az

Dip

Au

WWRB-042

509068

6236244

18

-0.01

87

-60

WWRB-043

509059

6236244

3.8

-0.01

87

-60

WWRB-043A

509057

6236244

18

0.16

87

-60

WWRB-044

508956

6236149

1.5

-0.01

242

-60

WWRB-045

508989

6236405

18

0.25

127

-60

WWRB-046

508989

6236418

18

0.29

127

-60

WWRB-047

509011

6236413

18

0.19

127

-60

WWRB-048

509031

6236380

18

-0.01

237

-60

WWRB-049

509038

6236384

18

-0.01

237

-60

Table 1: Golden Cross 1997 shallow RAB drilling (Open File R00042108). Gold values in grams per ton.

Four holes ended in gold mineralisation.

Thomson Resources ASX Release

4.

ASX code: TMZ

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Thomson Resources Limited published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2020 23:04:01 UTC


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