Thomson Resources Ltd. Completion of Share Purchase Plan and Appendix 3B
11.12.2015 | ABN Newswire
Sydney, Australia (ABN Newswire) - Thomson Resources Ltd. (ASX:TMZ) (Company or Thomson) advises that the Share Purchase Plan (SPP) launched on 9 November 2015 closed on 7 December 2015. The SPP was designed to provide shareholders with the opportunity to purchase shares in the Company at $0.05 per share being the same issue price as recent share placements to several private investors announced on 3, 10 and 24 November 2015 which raised a total of $145,400 (Placements).The Company is pleased to advise that, notwithstanding the current investment climate for greenfields exploration, subscriptions were received for a total of 3,850,000 ordinary shares for proceeds of $192,500. An Appendix 3B for the issue of the shares is provided in the link below.
As previously advised, the funds raised from the SPP and Placements will be utilised for ongoing work to follow up outstanding drill results at the Bygoo Tin Project including further drilling, expected to take place in early 2016.
Bygoo North Prospect
Thomson Resources has completed two rounds of drilling at its Bygoo North tin prospect located 7km north of the Ardlethan tin mine, south west NSW. The drilling to date has confirmed the discovery of a new, high grade tin greisen, as well as establishing the geometry of the previously known greisen.
Exceptional, high grade tin intersections were recorded in the drilling announced on 13 July 2015 and 21 October 2015, with the standout intersections as follows -
BNRC010 - 13m at 1.0% Sn from 66m and BNRC011 - 35m @ 2.1% Sn from 44m
The next round of drilling is planned to further define and extend the mineralised zones. This program should underpin modelling to provide a JORC resource and is planned to take place early in 2016 of the year. Thomson is currently undertaking ground geophysical surveys to help finalise proposed drilling locations.
To vide the Appendix, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TMZ-897117.pdf
About Thomson Resources Ltd:
Thomson Resources Ltd. (ASX:TMZ) is an NSW active mineral explorer. Thomson has several tin projects (including an advanced project near Ardlethan), as well as gold, copper and zinc targets in a range of settings. Thomson has a good record of discovery, with multiple new Intrusion-Related Gold (gold with copper, lead, zinc, molybdenum, tungsten) systems discovered in the Thomson Fold Belt in the NW of the state.
Contact:
Thomson Resources Ltd.
T: +61 2 9906 6225
E: info@thomsonresources.com.au
www.thomsonresources.com.au