Thomson Resources (ASX: TMZ) has commenced work on a high-resolution aeromagnetic survey at its 90%-owned Chillagoe Project in a bid to define intrusion-related drill targets.
The work, which will receive up to $100,000 in funding from the Queensland Government’s Collaborative Exploration Initiative, will cover 3,000 line kilometres across an area previously untested by high-res magnetics.
Addressing the news, Thomson Resources Executive Chairman David Williams said: “It’s great to be able to announce the commencement of the aero survey over our Chillagoe project in Far North Queensland.
“This survey will really help us refine and define some further drilling targets and we are very appreciative of the support from the Queensland Government with the CEI grant”
With the amount of rain we have had through the Lachlan Fold Belt projects and the impact on our exploration activities there, it reinforces the importance of having this counter-seasonal project to work on when we are unable to get on the ground down at Bygoo.
This survey will really help us refine and define some further drilling targets and we are very appreciative of the support from the Queensland Government with the CEI grant for this.”
Thomson had earlier seen success during remodelling and surface soil testing of a series of magnetic anomalies in 2020, which resulted in the discovery of two parallel 700m-long gold anomalies at Borderline.
Map displaying proposed aeromagnetic survey area at ChillagoeThe survey region covers multiple prospects with ‘excellent’ surface geochemical results, including those from Thomson’s 2020 soil auger program which delivered the following results:
- Laverock: 16.0 g/t Au, 64 g/t Ag, 20% Cu, 0.4% W (rock chip)
- Borderline: 28.6 g/t Au and 713 g/t Ag (continuous 1.5m channel sample)
- Salt Creek: 5.7 g/t Au (rock chip)
The company notes that none of these prospects have been drill tested.
The project encompasses seven exploration permits, of which six are granted, and covers a 594km² footprint prospective for Intrusion Related Gold deposits in close proximity to the Mungana, Red Dome, King Vol and Tartana mining operations.
Images: Thomson Resources Ltd
