Thomson Resources jumps on positive test results for Queensland mine

Silver Metal

08/02/2022 04:52

** Shares of the Australian diversified minerals explorer
 TMZ.AX  climb as much as 13.1% to A$0.074, on track for their
sharpest single-day pct jump since Jan. 20 
    ** Co says initial metallurgical test work for Texas
district deposits in southern Queensland returns an average
77.8% and 90.7% silver recovery from the Twin Hills and Mt
Gunyan mineralisation, respectively  urn:newsml:reuters.com:*:nASX3K1LwW
    ** Shares hit their highest level since Jan. 27 
    ** More than 2.9 mln shares change hands, compared with the
30-day average volume of ~2.1 mln shares  
    ** Stock down 8.5% this year, as of last close

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))