- Twenty Seven Co (TSC) has completed 65 per cent of its 1500 metre reverse circulation drilling program at the Rover Project
- Drilling is targeting eight shallow, volcanogenic massive sulphide (VMS) conductors which were identified during a Moving Loop TEM survey
- These targets are spread across the Creasy 1, Creasy 2, and Red Bush prospects along the Maynard Hills greenstone belt
- The first batch of samples for seven drill holes are being analysed and results are expected shortly
- Company shares are up 7.69 per cent and are trading for 0.7 cents each
Twenty Seven Co (TSC) has confirmed that 65 per cent of its planned 1500 metre reverse circulation (RC) drilling program at the Rover Project has been completed.
The first batch of samples, covering seven drill holes, are currently being analysed, and results are expected shortly.
RC drilling is focused on eight shallow, volcanogenic massive sulphide (VMS) targets which were identified during a Moving Loop TEM (MLTEM) survey.
Two of the targets are located at Creasy 2, one at Creasy 1, one at Red Bush and four further targets are located south-east and along strike on the Maynard Hills greenstone belt.
“The eight bed-rock conductors being drill-tested are compelling targets, since they all delivered geophysical responses consistent with underlying sulphide mineralisation,” CEO Ian Warland said.
“From a macro perspective, TSC still has a significant forward pipeline of targets at the Rover Project, which highlights the upside potential from gold and VMS focused exploration undertaken so far,” he added.
The drilling program is expected to be completed in the next five to 10 days and one-metre assay results from the Creasy 1 and Harmonic prospects are expected shortly. After analysis, the company will undertake a follow-up drilling program at these prospects.
Company shares are up 7.69 per cent and are trading for 0.7 cents each at 11:07 am AEST.