Thomson continues gold drilling drive in NSW
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Special Report: Thomson is keeping up the gold drilling momentum with the rig mobilising to the Harry Smith project in NSW after wrapping up operations at Yalgogrin.
The reverse circulation rig had drilled six holes totalling 720m at Yalgogrin to follow up on successful Phase 1 drilling in July that had returned top hits of 5m at 10.3 grams per tonne (g/t) gold from a depth of 92m and 2m at 7.5g/t gold from 34m.
It is now preparing to carry out a 2,000m drill program at the Harry Smith project, which Thomson Resources (ASX:TMX) says will follow up on previous high grade results such as 17m at 5.2g/t gold from 28m including 9m at 9g/t gold.
Phase 2 drilling at Yalgogrin was designed to extend known mineralisation by drilling sections on either side of the first drill section and along strike to the east and west. Assay results are due later this month.
The company is also waiting on assays from auger drilling at the Chillagoe project.
Harry Smith was first discovered in 1893 and produced about 16,000oz of gold up to 1941.
Previous drilling by Thomson has focused on historical workings around the shallow open cut.
Notable results from the three lodes in this part of the Harry Smith project are 9m at 9.2g/t gold and 5m at 2.6g/t gold at Silver Spray, 22m at 1.6g/t gold at Golden Spray and 12m at 1.2g/t gold at Harry Smith.
The planned drilling program at Harry Smith is designed to test and extend these known gold zones, probe a possible connection between them and assess the potential 800m strike extent.
Thomson added that drilling will also test for the dip of gold zones, highlighting the 9m intercept grading 9.2g/t gold as being open not only along strike but also down dip.
As this dip has not yet been established, one of the planned holes will be drilled behind the intercept with the company noting that a vertical dip would mean a 50m extension of the known gold zone.
This article was developed in collaboration with Thomson Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.