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Twenty Seven Co has RC drill spinning in follow-up campaign at Rover Project

The two prime objectives are to expand the shallow high-grade gold discovery previously intersected at the Creasy-1 prospect and to follow-up VMS potential at the Harmonic prospect.

Twenty Seven Co Ltd - Twenty Seven Co begins follow-up RC drilling campaign at Rover Project
RC drilling at the Rover Project

Twenty Seven Co Ltd (ASX:TSC) has started follow-up reverse circulation (RC) drilling at the Rover Project in Western Australia with the campaign expected to take one month.

The objective of this campaign is to build on the successful inaugural program which had some standout intersections resulting in the Creasy-1 gold discovery and VMS signature at the Harmonic prospect.

Goal to “expand shallow high-grade discovery”

Chief executive officer Ian Warland said: “RC drilling is now underway, with our primary goal to expand the shallow high-grade gold discovery at Creasy-1 and test the VMS potential at the Harmonic prospect.

“At the same time, the team is focusing on results from the successful AEM survey to get these conductors drill ready, expanding our pipeline of high-quality targets at Rover.

“Further updates will be forthcoming as developments materialise.”

New phase of RC drilling 

RC drilling by TSC late last year intersected shallow high-grade gold in multiple narrow gold veins at Creasy-1.

This mineralisation is along the extensive Illara shear zone which forms part of the 20-kilometre prospective gold strike, a part of the Maynard Hills greenstone belt on the eastern boundary.

The new phase of RC drilling will focus on two areas along the Illara shear that previously intersected high-grade gold mineralisation, which remains open along strike and down dip.

The two areas of focus at Creasy 1 include:

  • Focus Area 1: Around 200-metre strike length where high grades up to 1-metre at 51 g/t was intersected in drill-hole 19RVRC001 from 54 metres and 4 metres at 4.3 g/t, including 1-metre at 14 g/t in hole 19RVRC014 from 104 metres; and
  • Focus Area 2: The best intersection was 5 metres at 9 g/t including 1-metre at 44.1 g/t from 51 metres in hole 19RVRC006. A review of historic drilling around 160 metres south, indicates the drilling did not effectively test the prospective shear zone between the quartzite and mafic rocks.

Harmonic VMS drilling

Follow-up drilling will also be undertaken at the Harmonic VMS prospect 500 metres north of Creasy 1 which aims to extend the current open down-dip and along strike mineralisation.

Shallow gold mineralisation associated with anomalous base metals was intersected late last year, including

  • 14 metres at 1.0 g/t including 2 metres at 3.3 g/t and 21.2 g/t silver from 26 metres in 19RVRC008;
  • 9 metres at 1.4 g/t including 1-metre at 7.3 g/t from 58 metres in 19RVRC007; and
  • 1-metres at 1.7 g/t from 45 metres in 19RVRC010.

Ongoing exploration

Exploration at the Rover Project has been accelerated, with key items on the forward agenda including:

  • Formulating the next RC drilling program that takes into account the recent AEM survey results; and
  • Working through the RC drilling program then reporting progressively on assay results.

Shares have been up 50% today to an intra-day high of 0.6 cents.

Quick facts: Twenty Seven Co Ltd

Price: 0.007 AUD

ASX:TSC
Market: ASX
Market Cap: $10.4 m
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