The Thomson Resources (ASX:TMZ) share price is rocketing 38% today

The Thomson Resources Ltd (ASX: TMZ) share price is rocketing higher today, up 38.4% to 18 cents in late morning trade.

This follows the company’s market update today on its activities for the December 2020 quarter.

What did Thomson Resources report?

Minerals explorer Thomson Resources today reported the advancement of its precious and base metals projects in Queensland and New South Wales.

Thomson advised it has completed due diligence at the Hortons Gold Project near Tenterfield, New South Wales. It’s acquiring the project from Syndicate Minerals, a private company. According to the release, Hortons has “multiple intrusion related gold targets across multiple prospects” for future drilling.

Thomson has also started auger…