- Junior explorer Twenty Seven Co (TSC) has revealed some strong results from re-assays of drilling samples from its Rover project
- The company re-assayed one-metre samples from the Harmonic and Creasy 1 prospects in the project area
- The strong results have resulted in new geological work in the area to find the next group of priority targets
- In the meantime, some more drill testing is being planned at the WA prospects
- Shares in Twenty Seven Co are trading over 12 per cent higher today, currently worth just under a cent each
Junior explorer Twenty Seven Co (TSC) has revealed some strong results from re-assays of three-metre composites from its Rover project in WA.
The company told shareholders in late April it was restarting drilling at the Creasy 1 and Harmonic prospects in the project area after a reverse circulation (RC) drilling program in March.
Today, the company said it has re-assayed some important composites from the March drilling program and confirmed a large shallow mineralised gold system across the Harmonic and Creasy 1 prospects.
Twenty Seven Co re-assayed one-metre samples from the last drilling program.
Harmonic Prospect results
Among the best results from the re-assays at Harmonic include a one-metre intersection grading 11.8 grams per tonne of gold from 59 metres. This comes from a 13-metre intersection grading 1.2 grams per tonne of gold from 58 metres.
Importantly, one of the re-assays confirms a one-metre intersection grading 11.7 grams per tonne of gold from 103 metres in a hole at the southern end of the prospect.
According to TSC, this remains open along strike for at least another 350 metres. The company said future drilling in the area will test this section for potential strike extensions.
Creasy 1 results
At Creasy 1, TSC has already defined two key focus areas from previous drilling in the area.
The new re-assays reported some significant results including a one-metre intersection grading 6.4 grams per tonne of gold from 71 metres and a one-metre intersection grading 3.5 grams per tonne of gold from 37 metres.
Importantly, TSC said the drill results from Creasy 1 and Harmonic have resulted in an emerging geological model highlighting that better zones of gold appear to be found in plunging shoots.
As such, the company’s geology team has started looking for appropriate structures to explore based on this new data. The company said while the work has only just begun, it has already found two promising areas which will help form priority targets in the next phase of exploration.
In the meantime, more planning and drill testing are on the way at Creasy 1, Harmonic, and the surrounding targets.
TSC shares a trading 12.5 per cent higher after today’s update, currently worth 0.9 cents each.