- Twenty Seven Co (TSC) has received first results from reverse circulation (RC) drilling undertaken at the Mt Dimer Mining Lease in WA
- All up, 26 RC holes were drilled to extend the gold-silver mineralisation along strike and down-dip
- Results have been received for the first 10 holes which saw grades peak at 8.15g/t gold, 26.9g/t silver, 0.60 per cent lead and 0.62 per cent zinc
- As these results are above expectations, TSC will focus on modelling a JORC compliant resource for Mt Dimer
- TSC will begin its next phase of work in April which will consist of a thorough soil sampling program to the west of Mt Dimer to identify precious metal anomalies
- Shares in TSC are steady on the market this morning and are trading at 0.6 cents
Twenty Seven Co (TSC) has received first results from reverse circulation (RC) drilling undertaken at the Mt Dimer Mining Lease.
The Mt Dimer Lease lies roughly 100 kilometres northeast of Southern Cross in the Western Australian goldfields.
No significant work has been undertaken since 1996 with historical work indicating significant gold mineralisation exists under the open pit.
TSC has drilled 26 RC holes, for 3367 metres, across Mt Dimer withs aims of extending the gold-silver mineralisation along strike and down-dip.
The company has received results for the first 10 holes and with a best intercept of one metre at 8.15g/t gold and 26.9g/t silver from 84 metres recorded.
TSC also intersected up to 0.60 per cent lead and 0.62 per cent zinc in the same hole.
As these results are above expectations, TSC will focus on modelling a JORC compliant resource for Mt Dimer.
“These assays from the Mt Dimer Mining Lease are extremely encouraging,” CEO Simon Phillips said.
“Moreover, they complement historical results and extend known mineralisation significantly, which underpins the potential for a maiden resource,” he added.
Results for the remaining 16 holes are pending and are expected shortly.
TSC will begin its next phase of work in April, which will consist of a thorough soil sampling program to the west of Mt Dimer to identify precious metal anomalies.
Shares in TSC are steady on the market this morning and are trading at 0.6 cents at 11:35 am AEDT.