DRILLING PROGRAM AT BYGOO TIN
A short drill program was completed at the Bygoo Tin project after quarter end. Eight holes were drilled for 1,098m. Several greisen zones were intersected and 251 samples were dispatched for assay analysis. Results are expected in early September.
Tenement Holdings and Joint Ventures
Thomson has interests in 15 granted ELs covering 1316 square km in total. Ten of these covering 982 sq.km have been farmed out in joint-venture arrangements with companies including Kidman Resources (ASX:KDR), Silver City Minerals (ASX:SCI), Silver Mines Ltd (ASX:SVL) and Variscan Mines Ltd (ASX:VAR) as well as private investors. Thomson retains a 100% interest in its Bygoo Tin, Cuttaburra Gold and Mt Jacob Gold projects. These three tenements were renewed until 2023 during the quarter.
Exploration expenditure incurred during the quarter totalled $94,000. Cash at the end of the quarter was $146,000. Further cash contributions as part of the Bygoo Tin Farm-In agreement are expected in the current quarter.
Thomson has 103,024,841 shares on issue currently.
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About Thomson Resources Ltd
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.
Variscan Mines Limited
Thomson Resources Ltd
Silver Mines Limited
Silver City Minerals Limited
Kidman Resources Limited