Drilling commenced targeting resource growth

Our precious metals exploration investment Thomson Resources’ (ASX:TMZ) has just kicked off another round of drilling at its silver project on the NSW and QLD border.

Drilling commenced today in and around TMZ’s “Silver Spur” resource which currently sits at 3.3M ounces silver equivalent at a silver equivalent grade of 156 g/t.

TMZ is planning an initial 2,000m of RC and diamond drilling to test for extensions to the current resource both at depth and along strike.

Most of the drilling will be focused on the drilling targets that TMZ put together after some geophysical surveys which highlighted seven clusters of chargeability anomalies that have never been tested previously.

More specifically these clusters centre around the historic Silver Spur mine where mineralisation seems to be trending in the direction of TMZ’s Twin Hills deposit where TMZ holds a silver equivalent resource of ~10.3M ounces.

Today’s news fits in with our Objective #1 of our 2022 Investment Memo — TMZ to deliver a total combined resource across its silver deposits of ~100 million silver equivalent ounces.

Presently, TMZ’s overall resource sits at 87.1M silver equivalent ounces at a silver equivalent grade of 119 g/t.

We hope that this round of drilling can add to that resource as TMZ works towards achieving one of our key objectives for the year.