Join our daily newsletter At The Bell to receive exclusive market insights
- Twenty Seven Co’s (TSC) assay results have confirmed significant gold anomalism extensions at the Rover Project
- The company has now completed its shallow auger drilling and soil sampling programs
- The programs have exceeded expectations with five significant outcomes that extend anomalous zones and deliver new gold targets
- TSC has extended the auger drilling to test new areas around the Creasy 1 and Harmonic prospects
- TSC is down 9.09 per cent on the market today and is trading at 0.5 cents per share
Twenty Seven Co’s (TSC) assay results have confirmed significant gold anomalism extensions at the Rover Project.
In July, shallow auger drilling and soil sampling programs were undertaken at the project.
The geochemical campaigns focused on the Harmonic, Creasy 3, Red Bush and Mistletoe prospects, as well as the Maynard Intrusion target. All prospects are located along the 20 kilometre- long gold strike of the Maynard Hills greenstone belt.
Results from the first half of the program were reported last month.
The drilling campaign has been successful in delineating new drill-hole targets at the Rover Project. Notably, the company found five significant outcomes.
At the Harmonic prospect, the target area has been tripled to around 650 metres by the discovery of a 1.77g/t of gold rock chip, which is 400 metres to the northwest of the nearest RC drill-holes.
Red Bush gold in soil anomaly is a strong 600 metres long and is supported by rock chips of up to 0.6g/t of gold.
Also in Red Bush, in the southern part, the company found an area of around 2.2 kilometres long of a semi-continuous zone of gold anomalism in the soil.
Gold in soil anomaly was located north-west of Mistletoe which is associated with rock chips of up to 0.17g/t of gold in gossanous banded iron formation.
The final significant outcome is at the Maynard Intrusion, where TSC found gold in soil anomaly coincident with an interpreted sweet spot for potential high fluid flow and gold deposition at the southern end of the intrusion.
CEO Ian Warland says the campaigns have exceeded expectations.
“Pleasingly, this continues to fill our forward development pipeline with high-quality gold targets along the extensive Maynard Hill greenstone belt. Encouragingly, the latest assays covering the Maynard Intrusion target are especially exciting due to the validation of TSC’s model of a highly favourable structural trap site or sweet spot for gold deposition,” Ian said.
“Moving forward, we have extended the auger drilling to test new areas around the Creasy 1 and Harmonic prospects, which are highly prospective for gold mineralisation,” he said.
The next reverse circulation (RC) drilling campaign will test targets within these newly identified anomalous zones, as well as, the known mineralisation around the Creasy 1 and Harmonic prospects – where large gold systems have been discovered.
TSC is down 9.09 per cent on the market today and is trading at 0.5 cents per share at 12:18 pm AEST.
