- Twenty Seven Co (TSC) will be undertaking a new drilling campaign on volcanic massive sulphide (VMS) targets at the Rover Project in WA
- In early April, an airborne electromagnetic survey identified 27 new conductors
- Of these 27 conductors, eight have confirmed they are consistent with VMS mineralisation
- With pre-approvals already received, the conductors can be drilled immediately
- If any sulphide mineralisation is intersected, then drilling is justified for the remaining conductors
- Twenty Seven Co shares are steady today and last traded for 0.6 cents
Twenty Seven Co (TSC) will be undertaking a new drilling campaign on volcanic massive sulphide (VMS) targets at the Rover Project in WA.
In early April, Twenty Seven Co identified 27 new conductors from an airborne electromagnetic survey at Rover.
This survey was designed to detect potential base metal targets associated with VMS mineralisation.
A recent moving-loop transient electromagnetic (MLTEM) survey over eight of the electromagnetic conductors has confirmed a strong indicator that these are consistent with VMS mineralisation.
VMS mineralisation typically consists of copper-zinc and are created by volcanic hydrothermal events such as hot water circulating in the earth’s crust.
All of the conductors appear to be shallow, with the deepest reaching a depth of only 90 metres.
These eight conducts spanned all across Rover, coming from the Creasy 2, Creasy 3, and Red Bush prospects.
With pre-approvals already received, Twenty Seven Co can start drilling the MLTEM conductors immediately.
If any sulphide mineralisation is intersected, then further drilling of the other conductors is justified.
“Securing pre-approvals to progress TSC’s drilling campaign has proved to be prudent, since the MLTEM survey results have exceeded our expectations,” CEO Ian Warland commented.
“In short, the conductive responses from all eight airborne electromagnetic anomalies surveyed is not only consistent with VMS-style mineralisation, but qualifies them all as outstanding targets,” he said.
Twenty Seven Co has also completed reverse circulation drilling at the Creasy 1 and Harmonic VMS’ and samples are at the laboratory and expected soon.
Company shares are steady today and are trading for 0.6 cents each in a $8.917 million market cap.