Joint Ventures Cobar Basin Project
Sydney, Mar 18, 2014 AEST (ABN Newswire) - Thomson Resources Limited (
ASX:TMZ) has entered into a Farm In Agreement to joint venture its tenement interests near Lake Cargelligo to Kidman Resources (Kidman) (ASX:KDR). The tenements involved are EL 8103 (Thomson 100%), EL 7891 (held by Lassiter Resources Pty Ltd, recently purchased by Thomson) and ELs 7746 and 7931 (subject to a joint venture with Variscan Mines Ltd;) (ASX:VAR).
To earn an 80% interest Kidman will spend $300,000 over 3 years. For further details see today's announcement by Kidman.
The tenement group is prospective for Cobar-type deposits at the southern end of the Cobar Basin.
To view location map, please visit:
http://media.abnnewswire.net/media/en/docs/76767-ASX-TMZ-788708.pdf
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.
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