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Twenty Seven Co (ASX:TSC) reports further shallow gold at Rover

Mining
ASX:TSC
06 April 2020 11:39 (AEST)

Twenty Seven Co (TSC) has reported further shallow gold has been found at the Harmonic prospect which is located within the Rover Project in WA.

The company found new grades of up to 5.6 grams per tonne of gold from its recent drilling campaign. TSC has assays for 11 out of 20 drill-holes from the March drilling program.

Harmonic Prospect

Drilling in the Harmonic prospect commenced in early March, following the results found in the inaugural campaign.

The new results extend the gold discovery at the prospect, over a 180 metre strike extent, which remains open along strike and down dip.

Results from the recent drilling program include 6 metres at 2.9g/t of gold from 44 metres, including 3 metres at 4.9g/t of gold from 44 metres.

“The real surprise from these initial assays is discovering gold at surface and the extent of shallow high-grade gold mineralisation at the Harmonic prospect. There is now clear confirmation that gold mineralisation extends over 180m along strike, remaining open down dip and along strike,” CEO Ian Warland said.

Creasy 1 Gold Prospect

Assays have been processed for five drill-holes, with assays for nine-holes remaining from the Creasy 1 prospect.

“Looking forward, the remaining nine assays, which are due shortly, will provide more clarity on the extent of shallow gold mineralisation at the Creasy 1 prospect at two high-grade focus areas,” Ian added.

Next Steps

Exploration at the Rover Project is continuing. Over the next quarter, the company will be focusing on ground electromagnetic surveys over the selected targets.

TSC will also be assaying and interpreting the remaining nine drill holes at Creasy 1 from the March drilling program.

TSC remains in the grey this morning, trading at 0.6¢ per share at 10:44am AEST.

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