Broken Hill - Resources & Energy Investment Symposium 2013 Discovering new mineral systems in Western NSW Discovering new mineral systems in Western NSW
May 16, 2015
Broken Hill - Resources & Energy Investment Symposium 2013
Discovering new mineral systems in Western NSWDiscovering new mineral systems in Western NSW
Disclaimer
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The information contained in this presentation has been prepared byThomson Resources Limited (TMZ).
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Competent Person Statement
The information in this report that relates to Exploration Results,Mineral Resources or Ore Reserves is based on information compiledby Eoin Rothery, (MSc), who is a member of the Australian Instituteof Geoscientists. Mr Rothery is a full time employee of ThomsonResources Ltd. Mr Rothery has sufficient experience which isrelevant to the style of mineralisation and type of deposit underconsideration and to the activity which he is undertaking to qualify asa Competent Person as defined in the 2004 Edition of the“Australasian Code for Reporting of Exploration Results, MineralResources and Ore Reserves”. Mr Rothery consents to the inclusionin the report of the matters based on his information in the form andcontext in which it appears.
Currently drilling
Byrock Project
o Mulga Tank copper prospect
Ghostrider Project:
o IP at the Bulla Bulla Pb-Zn-Ag
geochemical anomaly
Warraweena – Porphyry Cu-Au
potential
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F1 - The largest most intense
magnetic anomaly in the
undercover Thomson fold belt
Intrusion Related Gold Model
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New deposit model
Pipe like geometry
Has essential gold
Associated with pathfinder
elements - bismuth, tin,
tungsten, arsenic, copper,
lead, zinc, silver
Sheeted vein systems;
commonly in or above the
intrusion roof
Intrusion Related Gold Examples
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Yukon:
Dublin Gulch – 3 million ozs gold
Red Mountain – 2 million ozs gold
Brewery Creek – 1.2 million ozs gold
Alaska:
Donlin Creek – 23 million ozs gold (10th largest global gold deposit)
Livengood – 20.6 million ozs gold (31st largest)
Pogo – 4.8 million ozs gold
Fort Knox – 4.1 million ozs gold
Queensland:
Kidston – 4.5 million ozs gold
Mt Leyshon – 3.2 million ozs goldSources: Baker et al. Economic Geology 2006; Thompson et al. Min Deposita 1999; SEG News Oct 12;
International Tower Hill Mines website; Golden Predator website; Victoria Gold website.
Magnetic Signature – Yukon
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10km
= These are all IRG mineralised systems including two +1Moz Au
Brewery Creek MineRed Mountain Project
Magnetic signature - Cuttaburra IRG Field7
and these are IRGs too!
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Cuttaburra IRGs discovered
New IRG mineral field discovered –
eight systems so far with just 13
effective drill holes
High grades of up to 3.7 g/t gold, 4%
zinc, 113 g/t silver, 0.5% copper, 0.8%
tin, 0.6% tungsten, 0.9% lead in initial
drilling
All eight bulls-eye magnetic anomalies
drilled are large, mineralised
hydrothermal systems
Shallower targets identified for follow
up drilling
“Ore grade” material found for the
first time in 2011 (but deep at 400m)
Where to next? F1 prospect9
New deposit model – intrusion
related gold (IRG)
Possible large buried granite
below F1
Peripheral anomalies F3, F17
are mineralised
F1 – Drilled – May 2013
• Large, ring-type magnetic
anomaly
• Central position to buried
intrusion
• Linear alignment with F3
and F10
• Shallow cover ~100m = RC
target
Where to next? F1 prospect10
Three holes drilled May 2013 –
to provide vector
Model correct: Granite
intersected in all three
Similar alteration to that seen
at the Cuttaburra IRGs
Quartz-carbonate stacked vein
systems with pyrrhotite, pyrite,
chalcopyrite and galena
Core cutting to be done; then
laboratory assays; results
expected June-July 2013
Strong geochemical
anomaly in shallow
drilling (BHP 1984)
Lead up to 1.2%
(2m width at 14m
depth), zinc, copper,
silver also
anomalous
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Four holes drilled on
three strong IP
anomalies
Ghostrider Project
One hole to
complete; assays
expected in June
Porphyry copper-gold type
target – current drilling
Newcrest exploration – 3
effective holes in 2005
Following up reported 1% Cu
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Chemistry on Newcrest holes
shows Macquarie Arc
shoshonitic-type
Anomalous zinc, copper, and
gold in cover rocks
Porphyry Cu-Au Target: Warraweena
Target – magnetic low: potassic
alteration? Magnetite
destruction and pyrrhotite (+/-
Cu) mineralisation?
Current Drilling
Gossans on surface
over 500m
Visible chalcopyrite -
copper
Assays up to 0.13% Cu
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Left large gap
Drilled in 1971 –
2 holes
Byrock Project - Mulga Tank Prospect
Potential for steep
ore zone
Corporate Overview
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Capital Structure
ASX Code: TMZ
Shares on Issue: 70.2 million
Market Cap: $2.8 million
Share Price: $0.035 - $0.07
(52 Week low/high)
Cash at bank: $1.8 million (17 May 13)
Debt – Nil
Employees - 2
Shareholders
PlatSearch NL: 25.6%
Van Der Horst Energy: 14.2%
Minotaur Exploration: 14.2%
Top 20 shareholders:
70
30Top 20
Other
Target concept proved – new mineral
field discovered
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Positive Investment Strategy
Currently drilling – results expected June -
July
Strong portfolio in well endowed Cobar
region
Cash on hand allows additional project
assessment
Experienced and skilled board and
management team
Board
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Lindsay Gilligan – ChairmanFormer Director of the Geological Survey NSW
Eoin Rothery – CEOFormer MD of India Resources (Surda Copper Mine)
and GM Exploration for Consolidated Minerals (Woodie Woodie Mn)
Greg Jones – Non Executive DirectorMD of PlatSearch, former senior geological positions in Sino Gold and CBH
Tony Belperio – Non Executive DirectorExploration Director for Minotaur Exploration: AMEC “Prospector of the
Year 2003” in recognition of Prominent Hill discovery
Ivo Polovineo – Company Secretary Former Secretary and CFO for Sino Gold