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Thomson Resources Ltd.
Summary
| Project: | Bygoo | |
|---|---|---|
| Deposit: | Bygoo North, Bygoo South | |
| Location: | Australia | |
| Commodities: | Tin | |
| Date: | 6/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2017: Thomson Resources Ltd. announces an Exploration/Drilling Update report for its Bygoo North, Bygoo South deposit at the Bygoo project. Drilling results incl. 29m @ 1.0% Sn from 58m. Thomson Resources is pleased to announce drilling results from | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Eoin Rothery (Internal) | |
| ABSTRACT: | Thomson Resources is pleased to announce drilling results from its fourth round of drilling at the Bygoo tin project near the old Ardlethan tin mine, NSW. Seven holes were drilled to test the newly discovered tin-bearing greisen at Bygoo South. In addition, two holes tested the original discovery at Bygoo North prospect located 400m to the north. The drilling took place in December 2016 and results have been delayed due to funding and regulatory issues relating to the Bygoo farm-in agreement signed with Canadian investors (see ASX announcements of 17 March 2017 and 21 November 2016). The Canadian company, Rheingold Exploration Corp. (CSE:RGE) recently completed their due diligence, significant funding has now been received and drilling is planned to recommence in the next few weeks. The Bygoo South prospect is at the site of a historic underground mine (“Smiths”), 400m south of the Bygoo North area, which operated between 1932 and 1946 for a reported production of just over 10,000 tonnes of ore at 0.8% Sn (Department of Mines Mine Record No. 20). Thomson’s preliminary drilling earlier in 2016 achieved an 8m intersection grading 1.3% Sn from 57m hole depth (BNRC021), down-dip from the workings. The most recent program investigated the workings from three sides (Figure 2). BNRC24 and BNRC 27 both intercepted old workings, with tin mined out, that extended further than expected. | |
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