- Twenty Seven Co. (TSC) completes its reverse circulation drilling program at the Rover Gold Project in the WA Goldfields
- The program consisted of 31 holes for 2,161 metres
- Samples will be submitted to the laboratory this week, results are expected in about six weeks time
- The company says one hole showed an encouraging intersection of a four metre wide zone of massive sulphides
- Shares were trading 12.5 per cent higher today at 0.5 cents
Twenty Seven Co. (TSC) has completed its reverse circulation drilling program at the Rover Gold Project in the WA Goldfields.
The program consisted of 31 holes for 2,161 metres.
Six holes were designed to extend the Harmonic Prospect at depth and along strike. The company reported all holes intersected mafics and quartzites.
The remaining 25 holes were designed to test gold-in-soil anomalism at the Middle Well, Four Corners, and Blue Hills prospects.
One hole is of particular interest to the company, after it intersected a four metre wide zone of massive pyrite. For reference, Cobre’s (CBE) Perinivale project lies 30 kilometres south of Rover and reportedly hosts massive pyrite, which can be an indicator of base metal prospectivity.
If results return any base metal anomalism, it may indicate the geology within Rover is fertile with respect to base metals in the form of volcanic-hosted massive sulphides.
A total of 574 samples have been sent to the laboratory for multi-element and gold analysis. Results are expected early next year.
CEO Simon Phillips said work is set to continue in the new year, with plans to conduct a review of additional geochemical samples.
TSC will also continue operational activities at its Yarbu project in WA, along with two of its NSW projects, Midas and Perseus.
Shares were trading 12.5 per cent higher today at 0.5 cents each at 11.19am AEDT.