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Twenty Seven Co identifies extensive gold, VMS and nickel targets at Rover

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The game changing geophysicist report identified more than 20 high-priority gold, volcanic massive sulphide (VMS) and nickel targets.

Twenty Seven Co Ltd - Twenty Seven Co identifies extensive gold, VMS and nickel targets at Rover

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ASX:TSC
Market: ASX
Market Cap: $10.4 m
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Twenty Seven Co Ltd (ASX:TSC) has successfully identified several encouraging gold, VMS and nickel targets at the Rover Project in WA ahead of drill testing later this year.

This follows a thorough analysis of newly acquired aeromagnetic data over much of the tenement area.

Rover Project relative to greenstone belt and select peers’ operations

TSC chief executive officer Ian Warland said: “The geophysicist’s study, which incorporates recently purchased detailed aeromagnetic data and exploration results to date, has generated an extensive pipeline of strong gold, VMS and nickel targets across the Rover Project.

“Drill testing at Creasy 1 gold and Creasy 2 VMS will be the first of many targets to be tested at the Rover Project in what is shaping up to be a highly prospective and significantly underexplored part of the WA goldfields.”

Maynard Hills greenstone belt

The Maynard Hills greenstone belt hosts the Creasy 1, 2 and 3 gold and VMS targets along the prospective 12-kilometre gold strike.

Encouragingly, Creasy 1, 2 and 3 were highlighted in the study as highly prospective, with gold and VMS potential recognised at each target.

Archean gold, VMS and nickel targets over aeromagnetic image

Moreover, five additional VMS targets were identified south of Creasy 3 extending the prospective gold strike from 12 kilometres to about 20 kilometres.

Significantly, these five incremental VMS targets, complemented by four gold targets, are under shallow cover which has hampered exploration in the past.

The targets are based on detailed aeromagnetic interpretation that indicated favourable host rocks and structural signatures. 

Cook Well greenstone belt

The Cook Well greenstone belt is dominated by mafic, ultramafic rocks and banded-iron formation (BIF).

The study identified four gold and two nickel targets for follow up exploration.

Notably, individual gold and nickel targets are under shallow cover which will require shallow RAB drilling and possibly geophysics to evaluate.

Next steps

The study has delivered TSC considerable optionality to maximise shareholder value and significant incremental exploration upside.

There is now a clear pipeline of targets at a range of exploration stages comprising:

  • Drill ready targets at Creasy 1 gold and Creasy 2 VMS; and
  • Early-stage targets under shallow cover that will require further geophysics and geochemistry. 

Upon receipt of approvals, TSC will commence drill testing at Creasy 1 & 2, and concurrently develop the prospective pipeline of identified gold, VMS and nickel targets for future drill testing.

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