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Twenty Seven Co has drill spinning at Rover’s priority gold/VMS targets

Reverse circulation drilling will test shallow historical economic gold intercepts at Creasy 1 and a new gold/VMS target at Creasy 2.

Twenty Seven Co Ltd - Twenty Seven Co has drill spinning at Rover’s priority gold/VMS targets
A reverse circulation rig at Creasy 1 target of the Rover project

Twenty Seven Co Ltd (ASX:TSC) has the drill spinning in a reverse circulation (RC) campaign testing high-priority gold/volcanic massive sulphide (VMS) targets at the Rover project in WA’s Goldfields.

Priority areas for drilling in the program of about 2,000 metres are along the 20-kilometre gold strike, which is part of the Maynard Hills greenstone belt, on the eastern boundary.

These include shallow historical economic gold intercepts at Creasy 1 prospect and new gold/VMS targets around Creasy 2, which were identified from analysing aero-magnetics data.

Central Yilgarn activity

This program is timely as there is a heightened level of exploration activity across the Central Yilgarn region, including work by Spectrum Metals Ltd (ASX:SPX), St George Mining Ltd (ASX:SGQ) and private Cobre group.

The company’s CEO Ian Warland said: “TSC is embarking on an exciting RC drilling campaign to drill test high-priority gold-VMS targets along the 20-kilometre prospective gold strike.

“To reach this point within nine months of commencing exploration activities is a significant achievement for the team.”

Creasy 1 first objective

The first objective of the campaign is to test shallow historic economic gold intercepts at Creasy 1 to confirm if mineralisation extends down dip.

Creasy 1 target comprises gold mineralisation along the Illara shear zone between a prominent quartzite ridge package of mafics/metasediments and BIF of the Maynard Hills greenstone belt.

Gold appears to dip steeply west parallel to the sheared contact between the rock sequences.

Shallow historical RC and RAB drilling outlined anomalous gold mineralisation over a strike extent of about 1.2 kilometres, which is open down-dip and along strike to the north and south.

There are historical shallow economic intercepts in RC drill-holes up to 3 metres at 1.94 g/t from 53 metres.

The Rover project relative to greenstone belt and select peers’ operations.

TSC’s geology team’s work has materially extended gold anomalism in soils southwest of Creasy 1.

Rock-chips up to 1.16 g/t were found in BIF 800 metres south and 1.74 g/t 500 metres to the north of the nearest drill-holes.

Initial drilling plans are to confirm the presence of gold mineralisation at Creasy 1 then progressively test the potential down-dip and along strike.

Creasy 2 will follow

Further along the 20-kilometre prospective strike from Creasy 1, around Creasy 2, are several new gold and VMS targets discovered after reconciling geochemistry results with a comprehensive analysis of aero-magnetics data.

Assays confirmed a 200-metre-long zinc-lead anomaly in soils and rock-chips within a broader copper and gold soil anomaly.

As coincident zinc-copper-gold mineralisation is typically common in VMS systems, drilling will test for mineralisation underneath this system.

“Substantial upside”

Warland said, “Looking forward, the Rover project offers substantial upside as there are many more priority targets along strike towards Creasy 3 that will form the basis of future drilling programs.

“We look forward to updating the market with progress reports.”

TSC expects to complete the RC drilling within 2-to-3 weeks with samples to be sent for assay analysis and progressively reported to the market.

The Rover project is 140 kilometres west of Leonora in a base metals and gold mineral-rich area associated with mafic and ultramafic rocks.

TSC shares are up 25% to 0.5 cents.

Quick facts: Twenty Seven Co Ltd

Price: 0.005 AUD

ASX:TSC
Market: ASX
Market Cap: $6.1 m
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