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Twenty Seven finalises priority drill targets after re-assays confirm up to 14 g/t gold

The new results are 1-metre split out re-assays from the original 3-metre composite samples from TSC's RC drilling campaign in late 2019.

Twenty Seven Co Ltd - Twenty Seven finalises priority drill targets after re-assays confirm up to 14 g/t gold
Two priority shallow high-grade gold targets identified around Creasy 1

Twenty Seven Co Ltd (ASX:TSC) has revealed further high-grade shallow gold up to 14 g/t from the final batch of selected 1-metre re-assays from Creasy 1 within the Rover Project in WA.

Rover Project relative to greenstone belt & select peers’ operations

The insight from the final gold re-assays (1 metre split out from original 3 metre composite samples) enabled TSC’s geology team to clearly identify two priority shallow high-grade gold targets around Creasy 1 to test-drill once the next campaign starts, including:

  •  A ~200-metre strike near high-grade intercepts up to 1 metre at 51 g/t gold (19RVRC001) from 54 metres and 4 metre at 4.3 g/t gold including 1 metre at 14 g/t gold (19RVRC014) from 104 metres, with mineralisation open down dip and potentially extending along strike; and
  • Close to high-grade intersection up to 5 metre at 9 g/t gold including 1 metre at 44 g/t gold from 51 metres (19RVRC006), with mineralisation open down dip and along strike.

TSC CEO Ian Warland said: “Re-assaying the remaining samples from Creasy 1 has surprised on the upside, with up to 14 g/t gold recorded.

“There are now sufficient datapoints for the geology team to clearly define two high priority targets to test-drill at Creasy 1."

TSC drilling summary showing maximum gold intercept

Re-assayed 1 metre samples from the Harmonic VMS (volcanogenic massive sulphide) prospect delivered highly anomalous results with up to 2,740 ppm copper and 5,715 ppm lead which are consistent with a VMS signature.

Further supporting evidence of a VMS signature are re-assayed 1-metre intercepts comprising:

  • 14 metres at 1.0 g/t gold including 2 metres at 3.3 g/t gold and 21.2 g/t silver from 26 metres (19RVRC008); and
  • 1 metre at 1.7 g/t gold from 45m (19RVRC010).

Warland added: “Encouragingly, the re-assays for the Harmonic prospect are consistent with a VMS signature.

“Overall, the first drilling campaign and follow up analysis has delivered TSC ample high-quality gold & VMS targets to ramp up exploration efforts moving forward.

“We look forward to providing more details on the AEM survey and next drilling campaign in due course.”

Next steps

Exploration at the Rover Project is being fast-tracked, with the key priorities over the next quarter including:

  • AEM (airborne electromagnetic) survey focusing on VMS targets; and
  • Conducting the next phase of reverse circulation drilling on gold and VMS targets.

Quick facts: Twenty Seven Co Ltd

Price: 0.006 AUD

Market: ASX
Market Cap: $8.92 m

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