- Twenty Seven Co (TSC) has identified 27 new conductors from its airborne electromagnetic (AEM) survey at its Rover Project
- The AEM survey was designed to detect the potential base metal targets associated with volcanic massive sulphide (VMS) mineralisation
- Currently, a field team is conducting a ground electromagnetic (GEM) survey over the most promising conductors, aiming to better define drill targets
- CEO Ian Warland says these results have “significantly surpassed expectations”
- Twenty Seven Co is up 25 per cent on the market this morning, trading at 0.5¢ per share
Twenty Seven Co (TSC) has identified 27 new conductors from its airborne electromagnetic (AEM) survey at its Rover Project in Western Australia.
The AEM survey was designed to detect the potential base metal targets (conductors) associated with volcanic massive sulphide (VMS) mineralisation.
TSC reported that 25 of those conductors are located along a 15 kilometre stretch of the Maynard Hills greenstone belt.
Currently, a field team is conducting a ground electromagnetic (GEM) survey over the most promising conductors, aiming to better define drill targets. This is expected to take a week, with results expected later this month.
CEO Ian Warland says these results have “significantly surpassed expectations.”
“To maintain exploration momentum, TSC has contracted a GEM crew to survey the most promising AEM conductors so that high-quality test-drill targets can be finalised for future drilling campaigns,” Ian said.
“With the second RC drilling program complete, TSC is now eagerly awaiting
assays and GEM results which will determine the next steps,” he added.
COVID-19
TSC says it continues to monitor the COVID-19 pandemic and has taken on board the extra precautions from the Government. Exploration work is continuing, despite the current situation.
Rover Project
The Rover Project is located 140 kilometres west of Leonora in Western Australia and is in a base metals and gold mineral-rich area.
Historically, this area is underexplored and is currently undergoing a resurgence in exploration.
Twenty Seven Co is up 25 per cent on the market this morning, trading at 0.5¢ per share at 10:54 am AEDT.