Thomson ready to advance exploration at Lachlan Fold Belt projects

Thomson Resources has developed a comprehensive exploration plan for its Lachlan Fold Belt tin and gold projects.

The company will kick off with RC and diamond drilling at the Bygoo tin project with the aim to define a mineral resource as well as testing for extensions to recent new discoveries with strong intercepts including:

118m at 0.43% tin from 57m depth (Stewarts); and
23m at 1.4% tin, including 4m at 3.52% tin from 149m depth (P380).

A new magnetic survey is expected to define targets to expand the old Harry Smith footprint which will be complemented by further drilling – also working towards defining a mineral resource.

And drilling will continue at the Yalgogrin gold project and pick up other new targets in the area.

Thomson Resources (ASX:TMZ) is confident that the proximity of the Lachlan Fold Belt projects creates the potential for implementing a secondary early stage centralised processing hub and spoke strategy in the region.

Hub and spoke strategy

Thomson believes its Lachlan Fold Belt projects lend themselves to the implementation of a hub and spoke exploration strategy.

Because the tenement portfolio stretches from the north to the south over around 100km, a centralised processing facility somewhere in the middle would provide synergies and scale – along with short transportation distances along good road infrastructure from the extreme ends of the project area.

The company will review the viability of implementing the strategy once the results of the 2021/2022 exploration program have been received and analysed.

The exploration program is expected to kick off geophysics at Yalgogrin and Harry Smith in October, with drilling to follow at Yalgogrin and Bygoo in November along with drilling at Harry Smith in December – subject to COVID-19 developments.

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.