Thomson Resources: Confirms gold system at Harry Smith Project

  • Thomson Resources (TMZ) has intersected significant gold at all 11 holes drilled at the Harry Smith gold project, located in the Lachlan Fold Belt in New South Wales
  • Assay results received from the holes during their Phase-3 program had wide intersections indicating open-pit gold potential
  • Significant intercepts from this drilling program include seven metres at 4.4g/t gold from a 23-metre-depth (within 87 metres at 0.9g/t gold from 22 metres)
  • The program has extended the Silver Spray and Golden Spray lodes to the west and northwest and connected the Harry Smith lode to the Silver Spray lode
  • High priority follow up drilling will consist of both in-fill and extensional drilling to the west where mineralisation remains open
  • Thomson Resources is up 9.09 per cent, trading at 12 cents per share
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...