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.”
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.