Thomson Resources pinpoints multiple drill targets at Texas Silver Base Metal Project
A large-scale geophysical survey focused on a 4.3km section encompassing the Silver Spur and Twin Hills silver deposits has been completed.
The dipole-dipole induced polarisation DDIP survey highlighted seven clusters of strongly anomalous, previously undrilled chargeability anomalies in structural and stratigraphic permissive settings.
Thomson Resources (ASX:TMZ) says field checking of DDIP lines confirmed windows of previously unsampled ‘Twin Hills’ like silicified, veined and iron-oxide stained sediments that support the potential for mineralisation associated with some of these DDIP anomalies.
TMZ is finalising drill targeting and drill pad preparation and will prioritise drilling of targets adjacent to the historic high-grade silver–zinc–copper–lead Silver Spur mine.
A multipurpose drill rig has been contracted to test these targets with a planned start update in June 2022.
TMZ executive chairman David Williams said the survey has produced some ‘exciting and outstanding’ results.
“Yes, it is always a matter of waiting to see what the drilling actually produces, but the correlation to the Twin Hills and Silver Spur deposits do make them, as our geoscientists say, ‘compelling high priority targets’.
“The outcomes of this survey demonstrate, yet again, the benefits we are seeing from the patient and thorough work done to date by the Thomson team and, particularly, by our consultants, Global Ore Discovery.”
Williams added it is also exciting to know that the company’s shareholder AMWD is in the process of mobilising its multipurpose rig to Texas after having completed the Lachlan Fold Belt drilling program.
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.