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

Morningstar Tightens LSEG Uncertainty Rating on LLM’s Impact on Data Business

Assessment reflects concerns over large language models' influence on data services.Highlights: Morningstar updates LSEG's uncertainty rating amid LLM...

Mastercard Launches Virtual C-Suite of AI Agents for SMEs

The new platform aims to enhance financial services for small businesses.Highlights: Mastercard unveils virtual C-suite of AI agents...

Amazon Strengthens Response to Recent Outages with Engineering Meeting

Engineering teams to discuss causes of outages, including potential AI coding issues.Highlights: Amazon holds engineering meeting to tackle...

Robinhood Accelerates Bid to Become Family Finance Super App

Mobile brokerage expands features to attract families seeking financial solutions.Highlights: Robinhood introduces new family-focused features.The platform aims to...