The Share Price Of TMZ Remains Unaffected To Strong Tin Results In Its Recent Drilling

  • Jan 08, 2019 AEDT
  • Team Kalkine
The Share Price Of TMZ Remains Unaffected To Strong Tin Results In Its Recent Drilling

On 7 January 2019, Thomson Resources Limited (ASX: TMZ) announced that there was a drilling program at the Bygoo tin project near the old Ardlethan tin mine, NSW, where drilling met the with the tin at shallow depth. At Bygoo, There were around 10 holes of 762 meters drilled to test the shallow greisen zone in the north-south which passes through its historic Dumbrells Pit.

From the BNRC056 hole, there was a drilling of 10m from its previous exploration which was 24 meters deep, led to the discovery of 0.6% tin.

From the BNRC057 hole, there was a drilling of 12m from its previous exploration which was 17 meters deep, led to the discovery of 0.5% tin.

From the BNRC058 hole, there was a drilling of 7m from its previous exploration which was 18 meters deep, led to the discovery of 0.4% tin.

From the BNRC059 hole, there was a drilling of 5m from its previous exploration which was 31 meters deep, led to the discovery of 0.3% tin.

From the BNRC060 hole, there was a drilling of 2m from its previous exploration which was 27 meters deep, led to the discovery of 0.4% tin.

From the BNRC061 hole, there was a drilling of 30m from its previous exploration which was 40 meters deep, led to the discovery of 0.4% tin.

From the BNRC062 hole, there was a drilling of 8m from its previous exploration which was 26 meters deep, led to the discovery of 0.4% tin.

From the BNRC063hole, there was a drilling of 16m from its previous exploration which was 18 meters deep, led to the discovery of 0.3% tin.

From the BNRC063 hole, there was a drilling of 2m from its previous exploration which was 36 meters deep, led to the discovery of 1.9% tin.

From the BNRC063hole, there was a drilling of 20m from its previous exploration which was 49 meters deep, led to the discovery of 1.2% tin which is the main zone.

Through the drilling, it was also found that there is a scope of wide range of mineralization around the historic pit area which extends up to 200 meters.

In the Temora Line, drilling hole number BBRC02, a shallow drilling of 3 meters led to the discovery of 1% of tin.

Another drilling at the Temora Line, drilling hole number BBRC02, a shallow drilling of 3 meters led to the discovery of 1.2% of tin.

There was a drilling at Tintanic, where a drilling of 24m at hole number BBRC06, led to the discovery of 0.6% of tin.

There was another drilling at Tintanic, where a drilling of 4m at hole number BBRC07, led to the discovery of 1.4% of tin.

At Lone Hand, there was a drilling of 2m at hole BBRC08 which led to the discovery of 1% of tin.

At Big Bygo, there was a drilling of 2m at hole BBRC12 which led to the discovery of 0.6% of tin.

Although the results were very promising, however, tin being a base metal might not have influenced the investors. By the end of the trading on 8 January 2019, the closing price of the share was A$0.028 with the market capitalization of A$3.16 million.


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