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Twenty Seven in trading halt with capital raising announcement pending

The trading halt will remain in place until Thursday, 6 February, or when an announcement is released to the market.

Twenty Seven Co Ltd - Twenty Seven in trading halt with capital raising announcement pending
The company is focused on its Rover Project in Western Australia

Twenty Seven Co Ltd (ASX:TSC) has an announcement pending in regard to a proposed capital raising and has been granted a trading halt by the ASX.

The trading halt will remain in place until the beginning of normal ASX trade on Thursday, 6 February 2020, or when an announcement is released to the market, whichever occurs earliest.

Re-assays confirm up to 14 g/t gold at Rover

TSC recently 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.

The insight from the final gold re-assays 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.

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 (volcanogenic massive sulphide) 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

ASX:TSC
Market: ASX
Market Cap: $8.92 m
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Full interview: Twenty Seven Co aims to extend Rover gold discovery with...

Twenty Seven Co Ltd (ASX:TSC) chief executive officer Ian Warland updates Proactive on the approval of a follow-up RC drilling campaign at Rover Project in WA aimed at extending the gold discovery. The company has secured regulatory approval for the next drilling phase to commence in early...

on 25/2/20

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