Sydney, Nov 24, 2016 AEST (ABN Newswire) - Thomson Resources Ltd (ASX:TMZ) is pleased to provide the company's AGM Presentation with the topic "Tin's Bright Future in NSW".

Investment Highlights

- Farm-In agreement signed with a North American private investor who can earn 51% of the Bygoo Project by contributing A$3 million

- The investor will also have an option for an additional 25% interest of the project for A$22 million

- Bygoo North discovery:

-- high grade, shallow tin deposit

-- multiple wide drill intercepts with grade above 1% Sn

--- 10m at 2.1%, 8m at 2.1%, 9m at 1.4%, 7m at 1.0%, 4m at 2.4%, 5m at 1.7%, 6m at 1.3%

--- all estimated true widths

-- simple mineral assemblage: cassiterite, quartz and topaz

-- one continuous zone and potential for repeats

- Tenement surrounding a historical world class tin mine

- Other tenements in highly prospective regional setting

Wagga Tin Belt Regional Setting

- The Wagga Tin Belt contains numerous tin occurrences

- The biggest is the Ardlethan deposit with an endowment of more than 50,000 tonnes of tin - world class

- Bygoo is located in the Ardlethan Tin Field, 7km north of the Ardlethan Mine

Ardlethan Tin Field

- Bygoo is only 7 km north of Ardlethan

- Ardlethan is the biggest tin deposit in NSW with 30,000 tonnes of tin in concentrate produced from 1912 to 1986; more remains

- Associated with the intrusion of the Ardlethan Granite

- Multiple hard-rock tin occurrences on eastern granite contact

- Thomson's EL8260 contains multiple tin occurrences adjacent to the Ardlethan Mining Licenses

Metallogenic Model

- Possible deposit types

- Breccia Pipe (Ardlethan)

- Greisen / Vein (Bygoo)

- Contact Greisen also present at Bygoo

- Skarn (not seen)

Bygoo North Drilling

- Drilling at Bygoo North. Easy access.

- Prospective area covered by soil (and crops currently).

Bygoo Mineralogy

- Clean Cassiterite

- Bygoo North petrology: Hole 11

- Cassiterite crystals size up to 3mm (average in sample 0.5mm)

- Cassiterite crystals are zoned, with alternating patches of iron-rich and iron-poor compositions

- Overall:

-- Quartz ~ 75%

-- Topaz ~10-15%

-- Cassiterite ~5-8%

-- Tourmaline < ~2%

Bygoo South: New Discovery

- 400m south of Bygoo North

- First two holes under old working

- 1939 levels shown

Adjacent to Ardlethan Mine

- Several discrete deposits defined

- Work stopped when the mine closed in 1986

- The targets on Thomson's EL 8260 represent repetitive shoots/pipes

- To be followed up

Further Afield - Bald Hill

- 10km south of Ardlethan Mine

- On the eastern edge of the Ardlethan Granite

- Multiple historical tin workings

- Limited drilling (1978-1983) - delineated alluvial resource - 2.5 million tonnes at 0.05% Sn (1,300 tons)

- Hard rock source lightly tested: "undiscovered"

Tin Mine Supply

- Inventories close to all time lows

- Prices are reacting to lack of supply

- Chinese tin imports increasing

- Indonesia production decreasing

- Myanmar production has limited capacity to expand

- No significant investment in new mines

Historical Tin Prices to 2016

- Price up 58% this year

- Very low inventories

- Current price A$28,700/t (A$12.82/lb)

- US$21,245/t (US$9.48/lb)

To view the presentation, please visit:
http://abnnewswire.net/lnk/0E0Q7E99


About Thomson Resources Ltd

Thomson Resources Ltd (ASX:TMZ)Thomson Resources Ltd (ASX:TMZ) is an NSW active mineral explorer. Thomson has several tin projects (including an advanced project near Ardlethan), as well as gold, copper and zinc targets in a range of settings. Thomson has a good record of discovery, with multiple new Intrusion-Related Gold (gold with copper, lead, zinc, molybdenum, tungsten) systems discovered in the Thomson Fold Belt in the NW of the state.

 


Contact

Thomson Resources Ltd
T: +61-2-9906-6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au



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