Thomson Resources is due to kick off a soil auger drilling program west of Chillagoe from this week in preliminary explorations for its planned Queensland Gold Project acquisition.
The project comprises six EPMs (Exploration Permit for Minerals), five of
which are granted, in an area near the Mungana, Red Dome and King Vol mining operations.
The company says 10 prospects have been prioritised for testing – selected from a large portfolio of strong targets it has developed in the area.
Samples will be analysed for gold, copper, silver and base metals and results should be available in November-December.
It follows an agreement with Bacchus Resources in August on Thomson acquiring a 90 per cent interest in the tenements, 150km west of Cairns.
As part of the agreement, Thomson is entitled to carry out preliminary exploration prior to completion of the acquisition.
The company said it was keen to undertake this work as soon as possible, with the onset of the La Nina weather event likely to lead to greater rainfall in the tropics.
The auger drilling program will help Thomson determine which of the 10 prospects should be added to a list of sites it has earmarked for deeper testing with RC drilling after the coming wet season.
Holes will be drilled using a trayback mounted soil auger drill at 20m intervals across mineralised trends or magnetic anomalies.
A total of 14km of soil sampling lines is planned but this may vary depending on access.