- Twenty Seven Co (TSC) completes an auger drilling program at its Yarbu gold project near Kalgoorlie in Western Australia
- The program was concluded on time and on budget and was designed to follow up on results from a 2021 drilling program
- TSC says it drilled 335 holes for 328 samples in and around the highest priority anomalies defined to date
- Results from the drilling program are expected by late May — a longer wait time than usual due to a current “unprecedented” backlog at all labs in WA, according to TSC
- Shares in Twenty Seven Co are up 33.33 per cent to 4 cents each at 1:18 pm AEDT.
Twenty Seven Co (TSC) has completed an auger drilling program at its Yarbu gold project near Kalgoorlie in Western Australia.
The company said it completed the program on time and on budget, with the drilling work designed to follow up on the results of a 2021 drilling program.
TSC drilled 335 holes for 328 samples in and around the highest priority anomalies defined in the project area to date, including a large 1.9km by 1.4km anomaly with up to 164 parts per billion gold in soil.
Results from the drilling program are expected by late May — a longer wait time than usual due to a current “unprecedented” backlog at all labs in WA, according to TSC.
“We are pleased to have completed this follow-up auger program at Yarbu, on time and within budget,” CEO Simon Phillips said.
“With gold mineralisation already confirmed across three broad areas within the project area, we are looking forward to receiving the outcomes from this program before we refine our deeper drilling targets which we aim to test later this year.”
He said the company had a “busy pipeline of activity” planned for the coming months.
Yarbu lies along the Marda-Diemals greenstone belt, next to Ramelius Resources’ (RMS) Marda gold project.
Shares in Twenty Seven Co were up 33.33 per cent to 4 cents each at 1:18 pm AEDT.