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Twenty Seven Co (ASX:TSC) confirms large gold system at Creasy 1
  • Twenty Seven Co. has announced its new tenement at its existing Rover Project contains three historic gold targets
  • The exploration company said the new tenement in WA's Goldfields also increased its footprint by 80 per cent
  • TSC has already started field mapping and sampling work on the site, while exploration targeting has also commenced
  • The announcement has been met with a drop in TSC's share price, trading 28.6 per cent in the red
  • Shares in TSC are currently selling for 0.6 cents each

Exploration company Twenty Seven Co. has revealed its new tenement at its Rover Project in WA's Goldfields contains three historic gold targets.

Amongst the targets are Anomaly 1, a 2.7-kilometre-long gold in soil anomaly with rock chips up to 0.82 grams per tonne of gold.

Another target is Anomaly 2, a 400-metre-long gold in soil anomaly. While the third target is Four Corners Quartzite, a two-kilometre long prominent ridge of mapped quartzite outcrop.

Twenty Seven Co. CEO, Ian Warland, said the new tenement increases the company's total footprint by 80 per cent.

"This is an exciting development for TSC as the tenure extension nearly doubles the size of the Rover Project and materially enhances the exploration upside for gold and base metal mineralisation," he said.

The company's flagship project now cover significant portions of the Maynard Hills and Cook Well greenstone belts, allowing TSC to engage in more gold and base metal exploration.

Exploration targeting is already "well underway" at the project, with TSC's geology team to now focus on initial field mapping and sampling at the new tenement.

Today's announcement has prompted the company's share price to fall into the red, trading down 28.6 per cent at one point.

Currently, shares in the company are trading for 0.6 cents each, a drop of 21.4 per cent at 1.03 pm AEST.


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