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Twenty Seven Co begins drilling eight VMS targets at Rover Project

The company believes the eight targets are compelling as the geophysics results confirmed strongly conductive, discrete bedrock conductors typical of VMS-style mineralisation.

Twenty Seven Co Ltd - Twenty Seven Co begins drilling eight VMS targets at Rover Project
Notably, two bedrock conductors are along strike from Creasy-2

Twenty Seven Co Ltd (ASX:TSC) has started reverse circulation drilling at the Rover Project in WA targeting eight well-defined bedrock conductors identified in a recent MLTEM survey.

The campaign, which comprises around 1,500 metres, is targeting conductors that have demonstrated strong responses in the MTLEM data, contrasting with subtle, low amplitude features in the AEM data.

TSC’s consultant geophysicist believes that, given every AEM anomaly followed up so far has proved to be a strong MLTEM conductor, there is a high probability the remaining seven untested will deliver a similar outcome.

“An exciting time in TSC’s evolution”

Chief executive officer Ian Warland said: “Having recently discovered a large mineralised gold system around the Creasy-1 and Harmonic prospects, TSC now has a significant opportunity to start testing the Rover Project’s VMS potential.

“This is an exciting time in TSC’s evolution, as the eight targets are strongly conductive, discrete bedrock conductors which is typical for VMS style mineralisation.

“We look forward to informing shareholders of progress as the drilling campaign unfolds and assays are received.”

Two bedrock conductors are along strike from Creasy-2, where a recently assayed intercept confirmed a VMS signature - 24 metres at 1,825ppm zinc from surface, grades up to 3,020ppm zinc in a 3-metres composite sample and 6 metres at 2,210ppm from 33 metres.

Xcite system identified 27 anomalies

The AEM survey undertaken earlier in the year, facilitated by New Resolution Geophysics’ advanced Xcite system identified 27 anomalies.

Of these, 25 are along a 15-kilometre stretch of the Maynard Hills greenstone belt.

According to TSC’s consultant geophysicist, these anomalies when consolidated actually represent 15 discrete bedrock conductors.

From this selection, eight bedrock conductors were followed up with single-line MLTEM, using a high-power transmitter and three-component B-field sensor.

This approach enabled the conductor responses to be accurately 3D modelled.

Complementing the large mineralised gold system discovered across the Creasy-1 and Harmonic prospects, the eight compelling VMS targets substantially boost the Rover Project’s overall upside potential.

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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