Quarterly Activities Report - June 2013
- Drilling programme of 15 holes for 2,480m at four prospects completed.
- Mineralised granite intersected at F1, samples at laboratory
- Lead, copper, antimony and tungsten anomalism in drilling at Ghostrider
- Best results 1m at 1% Pb; 3m at 0.5% Pb, 0.1% Cu; 36m at 0.2% Cu, 0.1% Sb
F1 (Falcon Project)
The F1 anomaly is the largest discrete magnetic anomaly in the Thomson portfolio (Figures 1, 2). Drilling of three holes at F1 has intersected another Intrusion- Related mineral system, hosted entirely in granite and at the relatively shallow depth of 100m below cover which is in line with the model Thomson developed for the anomaly. Drilling intersected a sheeted vein system with silica and carbonate alteration. Mineralisation noted in the veining consisted of pyrite, pyrrhotite, galena and chalcopyrite. Detailed logging is complete and samples have been submitted to ALS Orange for assay. Results are expected shortly.
Bulla Park (Ghostrider Project)
Five RC holes were drilled to test three IP anomalies at the Ghostrider project (Figures 1, 3 in link below) on EL 7494, 80km west of Cobar. Previous shallow RAB drilling defined a 4km long anomalous zone, with maximum values of 1.15% lead and anomalous copper, zinc and silver. The anomaly parallels the major Mt Jack fault, with the IP anomalies lying between the geochemical anomaly and the fault. Anomalous results were received with modest lead, silver, copper, antimony and tungsten anomalism (Table 2, see link).
There appears to be a zonation between the IP anomalies GR1 and GR2 with the former anomalous in lead and silver, the latter in copper and antimony (Figure 3). The geochemical anomaly is now extended to 3.5km x 2km and is open towards the Mount Jack Fault.
Mulga Tank (Byrock Project)
Four RC holes for 462m were completed on EL 6783 (Mulga Tank). No significant assay results were achieved. The project has been downgraded.
Lily 4 (Warraweena Project)
Two attempts were made to drill the magnetic anomaly "Lily 4". Both failed due to running sands and further drilling has been suspended pending a review of targets and drilling methods. Previous intersections of buried shoshonitic intrusions 10km to the north suggest the potential for porphyry mineralization in this covered area.
Two tenements were granted to Thomson Resources Ltd during the quarter - EL8102 (Mullahgalah) near Bourke and EL8103 (Whooey) near Lake Cargelligo. The Mullahgalah EL hosts a porphyry style target, while the Whooey EL covers the strike extents of the mineralised Woorara Fault north and south of the Browns Reef lead-zinc deposit.
113 units (333 square km) were excised from existing tenements on renewal, and one tenement (EL 6766) was relinquished, resulting in an overall reduction in the area managed by Thomson to 3,707 sq. km, including 2,604 sq. km under JV agreements.
Thomson reached agreement with Raptor Minerals Ltd. to move to 100% of the Cuttaburra Project during the quarter. The Cuttaburra project is host to three Intrusion- Related mineral systems at Cuttaburra A, B and Ac which have been lightly tested to date. Standout intercepts include 5.5m at 1.3 g/t gold at Cuttaburra A and 0.7m at 4.2% Zn, 0.5% Cu, 113 g/t Ag, and 0.8% Sn at Cuttaburra B.
Exploration expenditure incurred during the quarter totalled $523,000. Cash at the end of the quarter was $1.52 million.
To view figures and diagrams, please visit:
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.
Thomson Resources Ltd