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Twenty Seven Co begins airborne survey for VMS targets at Rover Project in WA

The campaign is designed to show the project's potential scale as it will focus on two highly prospective and extensive greenstone belts which are mostly obscured by shallow cover.

Twenty Seven Co Ltd - Twenty Seven Co begins airborne AEM survey over Rover Project in WA
The Xcite crew on site at the Rover project

Twenty Seven Co Ltd’s (ASX:TSC) advanced helicopter-borne airborne electromagnetic (AEM) survey over a large part of the Rover Project in Western Australia is underway.

New Resolution Geophysics’ advanced Xcite system, which is being deployed for the survey, has a depth penetration to detect conducive bodies undercover and has been successfully utilised by other explorers across the region to identify VMS mineralisation.

Once the data has been collected and processed by NRG it will interpreted by a geophysicist for potential AEM anomalies associated with sulphide mineralisation.

Final interpreted results are expected in March.

The Rover project relative to select peers’ operations

Chief executive officer Ian Warland said: “The AEM survey will cover circa 90% of the greenstone belts in the southern half of the Rover Project, including known areas, and deliver TSC high-quality data to facilitate formulating VMS targets for test drilling.

“This is an extremely exciting phase of TSC’s exploration campaign that continues to build on the successful RC drilling program undertaken in late 2019, which identified two VMS signatures and a shallow high-grade gold discovery.”

Planned AEM survey area

The two primary objectives of the survey are to:

  • Survey the Harmonic & Creasy 2 VMS prospects for conductors that may indicate sulphides at depth or along strike of known mineralisation plus other priority areas for an AEM response; and
  • Survey over 44 kilometres of the Cook Well and Maynard Hills greenstone belts, which are largely under shallow cover but contain several conceptual targets previously identified from analysing historic aero-magnetic data.

Ongoing exploration and next steps

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

  • AEM survey focusing on VMS targets; and
  • Conducting the next phase of RC drilling on priority gold and VMS targets.

TSC intends to begin follow-up RC drilling at Creasy 1 aiming to extend the shallow high-grade gold discovery as soon as routine approvals are secured.

Quick facts: Twenty Seven Co Ltd

Price: 0.0055 AUD

Market: ASX
Market Cap: $8.17 m

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