Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Twenty Seven Co (TSC) confirms gold mineralisation across three broad zones within its Yarbu Gold Project in Western Australia
  • The first area showed a gold-in-soil response around 2000 metres by 1000 metres and appears to have associated zinc and molybdenum
  • All zones returned values above 20 parts per billion (ppb) gold but the second area showed significant values including a 121ppb and 164ppb gold anomaly
  • Twenty Seven Co plans to follow up these broad zones with more auger or aircore drilling
  • Company shares are trading steady at 0.5 cents

Twenty Seven Co (TSC) has received results from a recently completed auger drilling program at the Yarbu Gold Project in Western Australia.

This drilling included 662 holes, for 987 metres, to test gold mineralisation across key areas of the project. All samples were assayed for gold and 48 other elements which makes this the first large-scale and comprehensive geochemical sampling to date.

Pleasingly for the company, the program confirmed three broad zones of wide-spaced gold anomalies. The first area showed a gold-in-soil response that’s around 2000 metres by 1000 metres and appears to have associated zinc and molybdenum.

All zones returned gold values above 20 parts per billion (ppb) gold with up to 60ppb gold. The second area in particular showed significant values including a 121ppb and 164ppb gold anomaly.

CEO Simon Phillips was pleased with the drilling outcomes.

“We have now identified three broad areas of mineralisation which will now be subject to follow-up auger and, or aircore drilling at tighter spacing to allow our team to define a clear set of targets for potential follow-up drilling,” Mr Phillips said.

“Encouragingly, the anomalism identified within Yarbu highlights the typical geochemical response from gold deposits in the region, such as being elevated in lead and to a lesser extent zinc, so we are looking forward to further investigating this potential over the coming months”

Looking ahead, the company will undertake further auger and aircore infill drilling to better define the gold-in-soil anomaly.

Company shares were trading steady at 0.5 cents at 11:20 am AEST.

TSC by the numbers
More From The Market Herald
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
Vango Mining (ASX:VAN) - Executive Chairman, Bruce McInnes

" Vango Mining (ASX:VAN) unveils further gold intersections at Marymia

Vango Mining (VAN) has unveiled further gold intersections from an ongoing open-pit drilling campaign at its Marymia Gold Project in the mid-west region

" Pursuit Minerals (ASX:PUR) gets final assays from Phil’s Hill

Pursuit Minerals (PUR) has confirmed a silver sulphide mineralising system at its Phil’s Hill prospect in Western Australia following receipt of the final