Thomson Resources Ltd (ASX:TMZ) and White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) are pleased to advise that following completion of due diligence that both parties have now entered into a definitive agreement for a 3 stage earn-in and option to joint venture agreement.
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.
During the Quarter White Rock (ASX:WRM) (OTCMKTS:WRMCF) focused on completing advanced works in preparation for an aggressive 2021 field season with an exploration drill campaign in Alaska. Three drill rigs have been secured, as has supporting helicopter services, two remote accommodation camps and geophysical contractors.
White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) is an Australian minerals exploration and development company with activities focussed on two projects: Red Mountain and Mt Carrington.
White Rock Minerals Ltd (ASX:WRM) Signs Term Sheet with Thomson Resources to Progress Mt Carrington Project
Thomson Resources Ltd (ASX:TMZ) and White Rock Minerals Ltd (ASX:WRM) (OTCMKTS:WRMCF) are pleased to advise that they have entered into a binding and exclusive Term Sheet for a 3 stage earn-in and option to joint venture agreement.
Thomson Resources Ltd (ASX:TMZ), advises that the Company has entered into a binding Terms Sheet to acquire the Hortons gold tenement from private company, Syndicate Minerals Pty Ltd.
Thomson Resources (ASX:TMZ) is pleased to announce that it has entered into an agreement to acquire a new gold exploration project in central NSW, 50km north of its Bygoo Tin project.
Thomson Resources Ltd (ASX:TMZ) made good progress at its more advanced projects with successful drilling campaigns at Bygoo Tin and Harry Smith Gold in NSW. Further drilling campaigns are planned to follow up these good results.
Thomson Resources Limited (ASX:TMZ) advises that a number of changes to the Board and Management of the Company have been implemented with effect from today.
Thomson Resources Ltd (ASX:TMZ) holds 9 Exploration Licenses in NSW covering 873 square kilometres, after three ELs were relinquished during the quarter.
Thomson Resources (ASX:TMZ) has received a "Letter of Notification" from private company Bacchus Resources ending the sale agreement over the gold exploration project in the Chillagoe district of north Queensland.