More Tin at Bygoo, NSW

Sydney, Nov 8, 2017 AEST (ABN Newswire) - Thomson Resources Ltd (ASX:TMZ) provides the Company's latest Presentation to Beer and Co 5th International Tin Conference.

Thomson Resources - funding

- 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

- A$790,000 received to date

- Further staged payments are due monthly through to end February 2018, with a final payment to reach the cumulative $3 million due on or before June 30, 2018

- 3 tenements covered by the agreement in the Wagga Tin Belt: one surrounds the Ardlethan world class tin mine

- Other tenements in highly prospective regional setting

Bygoo Exploration Target

- Exploration Target of 0.9 to 1.4 million tonnes at 0.8 to 1.4% Sn (7,200 to 20,100 tonnes of contained tin)

- Grade estimate:

o average grade in mineralised zones is 1.4% Sn

o 182 metre splits in Thomson drilling previously reported - 9 drill holes over 100m

o Cut-off 0.2% Sn, internal waste up to 3m, maximum grade 11.1%

o Grade range for target - 0.8% (median) to 1.4% (average)

- Bygoo North true width estimates previously reported:

o range from 4-10m, average 7m; use 5 to 8m for exploration target

- Bygoo North strike extent drilled to date 100m; potential to triple to 300m

- Bygoo North dip extent drilled to date 40m; potential to double to 80m
- Potential for repeats - Bygoo South plus structures seen in magnetics (two at least - discounted to half the size of Bygoo North)

- 2.5 specific gravity applied to estimate tonnage from volume - SG of granite, rhyolite

- Further drilling is planned to test the validity of the exploration target, potentially to estimate a JORC compliant mineral resource, and is expected to be completed in mid 2018.

- Note: the potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

To view the full presentation, please visit:
http://abnnewswire.net/lnk/63V2984S


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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