Australian-based Thomson Resources Ltd (ASX-TMZ) has commenced drilling at its recently acquired Bygoo North tin asset in New South Wales, Australia, and is hoping to delineate a JORC-compliant resource by the end of 2015.
The company announced the acquisition of a tin exploration project proximal to the Ardlethan Mine. Bygoo North is considered the most promising prospect within the two exploration licences that constitute the project area. The prospect is proximal to the defunct Ardlethan tin mine, with which it shares geological similarities. Historical mining at the site is estimated to have extracted 3,500 tonnes of tin at 1% Sn.
800 m of drilling is planned across 7 holes, with the aim of testing mineral intercepts (including 46 m at 0.6 % Sn) from historical drilling, testing underexplored magnetic anomalies in the greisen zone of the deposit and delivering a JORC-compliant resource.
Thomson has also lodged a recent exploration licence application over the Mt. Paynter tin-tungsten project, some 200 km south of Ardlethan. Small scale tin mining occurred between 1873 and 1930, with around 1,200 tonnes of ore excavated and processed over the period. However, Bygoo North will remain the company’s key asset, with production targeted by 2020
