| Announcement Date: | 2022-03-01 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Thomson Resources Ltd. |
| Project name: | Texas |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper,Lead,Zinc |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Thomson Resources (ASX: TMZ) (OTCQB: TMZRF) (Thomson or the Company) is pleased to advise its Mineral Resources Estimates (MRE) for the Twin Hills, Mt Gunyan and Silver Spur Texas district deposits reported in accordance with the 2012 edition of the JORC code (JORC 2012) prepared by resource estimation specialists AMC Consultants Pty Ltd (Table 1, Annexure 2: JORC Tables). The Texas District is considered by Thomson to be a large, under explored silver polymetallic (Zn Pb Cu) district with a total recorded historic silver production of 4.2 Moz silver2,3,4 , as well as small-scale, high-grade base metal production. Thomson’s Texas District (JORC 2012) MRE’s outline resources of 16.2 million ounces of silver, 18,500 tonnes of zinc, 10,500 tonnes of lead, 600 tonnes of copper for a district total Indicated and Inferred resource of 19.5 Moz AgEq* at 54 g/t AgEq (Table 1). In preparation for the calculation of the Thomson MRE’s, Thomson’s geoscience consultants, Global Ore Discovery, completed a comprehensive re-evaluation of the Twin Hills, Mt Gunyan and Silver Spur deposits, including relogging, 3D structural modelling, historic mining void modelling and metallurgical test work. The Company has rebuilt and validated the historic drilling and assay databases to provide a consolidated picture of the District’s Mineral Resources. |
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