Join our daily newsletter At The Bell to receive exclusive market insights
- Twenty Seven Co (TSC) has confirmed a large, shallow mineralised gold system at the Creasy 1 prospect, which is part of the Rover Project in WA
- The aim of this program was to test two areas that have previously returned high gold grade
- Intersected gold from this program graded up to 51.2 grammes per tonne
- Future drill testing will look for repetitions and extensions to the high-grade results both along length and depth
- Twenty Seven Co is up 14.3 per cent this morning with shares priced at 0.8 cents each
Twenty Seven Co (TSC) has confirmed a large, shallow mineralised gold system at the Creasy 1 prospect.
In March 2020, a reverse circulation (RC) drilling program was completed across the Creasy 1 and Harmonic prospects.
The aim of this program was to test two areas that returned up gold grades up to 51g/t and 44g/t.
The 20 hole program reinforced the gold potential at the Rover Project and how beneficial it will be for further work to be undertaken.
Significant results include two metres at 26.2g/t gold including one metre at 51.2g/t gold from 54 metres, and five metres at nine grammes per tonne gold including one metre at 44.2g/t gold from 51 metres.
Twenty Seven Co has confirmed that higher grade gold shoots occur within a large envelope, along quartzite and overlying mafics.
Future drill testing will look for repetitions and extensions to the high-grade results both along length and depth.
“The standout prize has been finding shallow high-grade gold shoots, verifying that we have discovered an extensive gold mineralised system,” CEO Ian Warland commented.
“Factoring in outcropping gold mineralisation 300 metres north at Harmonic, there is still significant further exploratory work ahead across the two prospects which will better enable us to understand the overall gold potential at Rover,” he said.
Exploration is continuing at Rover with the next focus being drill-testing of eight MLTEM (moving-loop transient electromagnetic) conductors for VMS-style mineralisation.
Samples from Creasy 1 and Harmonic will then be analysed and drill planning for future targets will begin.
Twenty Seven Co is up 14.3 per cent this morning with shares priced at 0.8 cents each at 10:53 am AEST.
