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Twenty Seven Co gains approval for follow-up RC campaign at Rover Project in Central Yilgarn

The company is exploring for gold and copper/gold across the Rover Project in a region of WA that has been attracting strong interest.

Twenty Seven Co Ltd - Twenty Seven Co plans further RC drilling campaign at Rover gold-copper Project
The new drilling program will target the Creasy and Harmonic deposits

Twenty Seven Co Ltd (ASX:TSC) will begin a follow-up RC drilling campaign at its Rover Project early next month after receiving regulatory approval for the next phase of exploration.

The campaign will focus on the Creasy 1 gold and Harmonic volcanogenic massive sulphide (VMS) prospects.

Additionally, the company has completed an airborne electromagnetic (AEM) survey focused on two greenstone belts across the southern part of Rover Project and expects to release the results shortly.

TSC chief executive officer Ian Warland said: “This is an exciting time for TSC as our exploration efforts are now in full swing, with the AEM survey complete and next RC drilling campaign set to commence shortly.

“We are looking forward to receiving the geophysicist’s interpretations of the AEM data, revealing the VMS potential in the southern part of the Rover Project.”

“Accelerated exploration”

Warland said: “The next drilling program is focusing on extending the recent high-grade discovery at Creasy 1 and the VMS potential at Harmonic.

“Our accelerated exploration activity is very timely, with interest in the Central Yilgarn continuing to gain significant traction following recent takeover bids for Spectrum Metals Ltd (ASX:SPX) and Alto Metals Ltd (ASX:AME), coupled with Cobre Ltd’s (ASX:CBE) recent ASX listing.”

Drilling objectives

The first objective of the new drilling campaign is to extend shallow high-grade gold mineralisation previously intersected at Creasy 1 which includes:

  • 4 metres at 4.3 g/t including 1-metre at 14 g/t from 104 metres and 1-metre at 51 g/t from 54 metres; and
  • 5 metres at 9 g/t including 1 metre at 44.1 g/t from 51 metres.

Secondly, the program will follow up VMS potential at Harmonic, where shallow economic gold intercepts were linked to anomalous base metals, comprising:

  • 14 metres at 1.0 g/t including 2 metres at 3.3 g/t and 21.2 g/t from 26 metres; and
  • 9 metres at 1.4 g/t including 1-metre at 7.25 g/t from 58 metres.

The program will start in early March and will comprise of up to 2,000 metres RC drilling.

Quick facts: Twenty Seven Co Ltd

Price: 0.005 AUD

Market: ASX
Market Cap: $7.43 m

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on 12/6/20

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