Thomson Resources Ltd (ASX:TMZ) has relocated its drilling rig to the Yalgogrin gold project within its Lachlan Fold Belt, NSW, exploration portfolio.
The company had planned to kick off drilling at the Harry Smith gold prospect, 90 km to the south, but recent wet weather meant it has not been suitable to move the drilling rig onto that drill location. It is anticipated that a number of days will be required for the land to dry out.
The company quickly mobilised the rig to Yalgogrin and has already begun drilling the first hole.
Once the land has dried out sufficiently at Harry Smith, the drilling rig will return and commence the programme there.
The planned RC drilling programme at Yalgogrin has commenced at the Bursted Boulder prospect and will target several of the old workings in the area and historic shallow and widely spaced drilling to assess the potentiality of the target area.
CEO, Eoin Rothery, said historic drilling had a maximum depth of 30m with large gaps between holes, did not drill under the best surface gold and terminated still in gold or a mineralised zone with best results of 24m at 0.8 g/t Au from 6m depth.
Extensive rock chipping has occurred in the EL8684 area with 471 rock chip samples reported. Of these a quarter assayed over 1 g/t Au, with more than 50 samples above 4 g/t Au, ranging up to 128 g/t Au or 4 ounces of gold per ton.
Very little follow up drilling has occurred in the area of EL8684, with only 71 holes reported, of which most were shallow RAB or aircore. Just 6 RC holes are reported, dating from 1987.
Mr Rothery said that nevertheless, several significant gold intercepts have been made in this limited drilling including 24m at 0.8 g/t Au from 6m depth and 12m at 1.1 g/t Au from 12m depth.
