Diversified mineral exploration company Thomson Resources (ASX:TMZ) has encountered new ‘outstanding’ tin (Sn) results following a diamond drilling (DD) program at its wholly owned Bygoo Tin Project in New South Wales.
The results, generated from 2 diamond holes completed at the Bygoo North deposit, have returned ‘significant’ intercepts that exceed expectations based on preliminary analysis through core logging and testing with a portable XRF analyser.
The company adds additional core samples were selected from these holes and 2 older diamond core holes drilled in previous years.
“The Bygoo Tin Project continues to deliver outstanding tin results reinforcing the potential of the project and the Lachlan Fold Belt”
Noteworthy intercepts include hole BNRC016D with 2.2m @ 4.0% Sn from 81.6m depth, and 36.7m @ 0.4% Sn from 92.4m, including 1.2m @ 2.3% Sn from 125.3m; and hole BNRC065D with 13.6m @ 0.6% Sn from 103.42m depth, including 3.0m @ 2.3% Sn from 113.4m.
Addressing the results, Thomson Resources Executive Chairman David Williams says: “The Bygoo Tin Project continues to deliver outstanding tin results reinforcing the potential of the project and the Lachlan Fold Belt.
The constant review by the team continues to reap rewards and provides a greater understanding of the mineralisation at the Bygoo Project.
The continuing presence of high-grade tin mineralisation demonstrates the importance of this project.”
The company also notes further down BNRC016D drilling uncovered several more ‘significant’ intercepts that include higher-grade hits of up to 2.3% Sn. These higher-grade hits are reported to be close to an intersection of 23m @ 1% Sn returned from drillhole BNRC013, which did not fit with the Main Zone model at the time, however is now interpreted to be from “Link” zone between the Main and P380 zones.
In addition, the modelled zone is almost vertical with a steep dip north and has a strike of about 83 degrees (east to west), and that the P380 zone is open along strike and at depth, and is expected to be followed up by further drilling.
Thomson Resources is an ASX-listed company that currently holds a diverse portfolio of mineral tenements across gold, silver, and tin in New South Wales and Queensland, with a focus on its ‘aggressive’ ‘New England Fold Belt Hub and Spoke’ consolidation strategy in NSW and Queensland border region.
The company’s Bygoo project is situated in the Lachlan Fold Belt of New South Wales and surrounds a ‘major’ tin deposit at Ardlethan which was mined until 1986 with over 31,500 tonnes of tin being produced. The project is host to several early 20th century shallow tin workings scattered up to 10km north and south of Ardlethan.
Other assets included in Thomson’s exploration portfolio include the Conrad and Webbs Silver projects in the New England Fold Belt along the NSW and Queensland border region, and the Harry Smith and Yalgogrin Gold projects in New South Wales.
Images: Thomson Resources Ltd