Join our daily newsletter At The Bell to receive exclusive market insights
- Twenty Seven Co (TSC) receives the soil sampling results collected from the Rover Gold Project in Western Australia
- In October, TSC conducted a soil sampling program with 243 samples collected along the extensions of previous soil sampling programs
- Grades peaked at 420 parts per billion (ppb) gold, with multiple samples returning more than 10ppb gold
- TSC is now set to undertake a 2000-metre reverse circulation (RC) drilling program at Rover with further soil sampling programs planned to extend this most recent program
- Shares in TSC are down 20 per cent on the market and are trading at 0.4 cents
Twenty Seven Co (TSC) has received the soil sampling results collected from the Rover Gold Project in Western Australia.
In October, TSC conducted a soil sampling program with 243 samples collected along the extensions of previous soil sampling programs.
Grades peaked at 420 parts per billion (ppb) gold, with multiple samples returning more than 10ppb gold.
These initial results both confirm and extend the known gold-in-soil anomalies already identified at Middle Well, Blue Hills and Four Corners.
CEO Simon Phillips said these gold values encountered are very promising.
“To obtain values up to 420ppb gold from an area that has seen limited geological sampling is highly encouraging,” Mr Phillips said.
“Several very promising targets justify follow-up with infill soils, to better define and characterise potential drill targets.”
TSC is now set to undertake a 2000-metre reverse circulation (RC) drilling program at Rover with further soil sampling programs planned to extend this most recent program.
This drilling will test below and along strike of the Harmonic and Creasy 1 prospects, where a 1150ppb gold-in-soil sample was returned.
Shares in TSC were down 20 per cent on the market and were trading at 0.4 cents at 12:59 pm AEDT.
