Welcome to Thomson Resources
Deal! Thomson has secured up to $25 million for its Bygoo Tin Project, of which $3 million is due in Year 1. Canadian listed company Rheingold Exploration Corp can earn up to 75% of the project. This frees up financial constraints on Thomson to deliver this project towards development.
Independent Research Report by Beer an Co rated Thomson Resources as a SPEC BUY - from Beer and Co at http://beerandco.com.au/all-research/
Thomson Resources Ltd (ASX: TMZ) is an Australian exploration company focussed on the discovery and development of high quality mineral deposits in NSW. Thomson is currently focussed on its Bygoo tin discovery in the Ardlethan Tin Field, central NSW.
Thomson is also exploring tin-tungsten prospects on elsewhere in NSW. At Wilgaroon a single deep hole, drilled in 1996 but never followed up, yielded 250m of anomalous tin-tungsten mineralisation, with individual metres up to 2.5% tin and 1.4% tungsten. Thomson has a tin-copper skarn and gold project near Kempsey* and a small tin-tungsten JORC resource at Mt Paynter with potential for expansion.
Thomson previously discovered multiple hydrothermal systems (with gold, copper, lead, zinc, molybdenum, tin and tungsten) in the Thomson Fold Belt, a region of deformed and intruded sediments and volcanics thought to be the under-cover, unexplored northern extension of one of Australia’s premier metalliferous mining districts, the Lachlan Fold Belt. Three are considered to be particularly prospective (F1, Cuttaburra A and B). Cuttaburra A and B* have yielded high grade intercepts; demonstrating for the first time that these systems have the potential to host economic deposits. The high grades were up to 3.7 g/t Au, 113 g/t Ag, 4.2% zinc, 0.5% copper, 1.8% lead, 0.8% tin and 0.6% tungsten. At F1, Thomson has intersected granite at shallow depths for the first time; with anomalous tungsten, molybdenum and gold.
Other projects joint ventured by Thomson include an advanced VMS (lead-zinc-silver-copper-gold) project from Newmont Exploration in central NSW as well as a strong VMS copper-zinc-gold type target near Byrock (Wilga Downs).
*These projects were awarded drilling grants under the New Frontiers Co-operative Drilling Scheme