logo-loader
viewTwenty Seven Co Ltd

Twenty Seven Co field trip assays increase discovery potential at Rover

Assays come from the third field trip to the Rover Project and highlight three key targets, one of which is new.

Twenty Seven Co Ltd - Twenty Seven Co field trip assays increase discovery potential at Rover
Zinc grading up to 2,900 ppm and lead grading up to 2,760 ppm was sampled at the Creasy 2 target

Twenty Seven Co Ltd (ASX:TSC) has received positive assay results from its Creasy targets within its Rover Project in Western Australia.

Assays from the field trip come from the Creasy 1 gold target, Creasy 2 copper-gold VMS target, and the newly discovered Creasy 3 copper-gold prospect.

Notably, assays confirm Creasy 2 as having volcanic massive sulphide (VMS) style geology.

Rock chip assays at Creasy 2 showed an encouraging coincident zone of zinc-lead anomalism over a 200-metre strike length.

TSC believes Creasy 2 is prospective for VMS style mineralisation, similar to Cobre’s recent discovery at the Perrinvale Project located 20 kilometres south of Rover.

TSC’s CEO Ian Warland said: “These latest results are very encouraging for TSC as the assays from our exploration activities along the 12km prospective gold strike in the Rover Project have confirmed evidence of VMS style geology at Creasy 2 and Creasy 3.

“Furthermore, copper-gold anomalism in soils has been extended materially at the Creasy 2 prospect.

“The Rover Project has significant exploration potential, with a twin offering comprising VMS-style targets and known shallow economic gold intercepts along the same greenstone belt.”

Assays from the most advanced Creasy 1 gold target extended it south after sampling rock chips grading up to 1.16 g/t gold 700 metres south of the previous target boundary.

Assays from the field trip also extended Creasy 2 by around 400 metres.

Rock chip samples grading up to 2,900 ppm zinc and 3,760 ppm lead were also collected at Creasy 2, opening the door for the target to host a VMS deposit.

Coincident zinc-copper-gold mineralisation is common in VMS systems.

Finally, this recent August field trip also discovered another area of coincident copper-gold soil anomalism that extends 1.6 kilometres that has been named Creasy 3.

Ranking targets for follow-up exploration

The immediate priority for TSC is to review recently acquired detailed aeromagnetic data.

It will then cross-reference this data with its other results to rank priority targets for follow-up exploration in the December quarter which may include drill testing.

Exploration is ultimately targeting VMS and Archean gold mineralisation.

Quick facts: Twenty Seven Co Ltd

Price: 0.006 AUD

ASX:TSC
Market: ASX
Market Cap: $8.92 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Twenty Seven Co Ltd named herein, including the promotion by the Company of Twenty Seven Co Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Twenty Seven CO sees strong results from latest drill...

Twenty Seven CO. (ASX: TSC) CEO Ian Warland joined Proactive’s Steve Darling to update how the company is dealing with the Corona Virus and whether or not they are able to keep their operations going forward. Warland also told Proactive about the recent airborne work that has been done on the...

on 7/4/20

2 min read