FinTechFunding

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
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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.

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