Results from the inaugural drill hole at the 600-metre-long Red Bush target intersected 12 metres at 0.15 g/t gold, associated with strongly anomalous arsenic and confirming a zone of gold 7 kilometres southeast of Creasy-1.
A single drill hole at the Creasy-3 bedrock conductor intersected a sulphidic interval, with a broad zone of anomalous VMS signature metals including gold of up to 0.6 g/t, 9.8 g/t silver, 0.33% lead and 0.14% zinc.
The assays confirm sulphide zones were intersected at all four bedrock conductors, verifying that moving loop TEM (MLTEM) technology identifies sulphide-bearing mineralisation with anomalous metals.
“Encouraging unfolding story”
Chief executive officer Ian Warland said: “The assays convey an encouraging unfolding story, particularly the discovery of strongly anomalous gold and base metal zones along the Maynard Hill greenstone belt.
“Notably, intersecting 0.2/ g/t gold at the 600-metre long bedrock conductor at the Red Bush prospect, which is 7 kilometres along strike from Creasy 1, justifies further follow-up drill testing.
“In addition, hitting sulphides in all four bedrock conductors demonstrates the success of using MLTEM as a targeting tool at Rover.
“We look forward to releasing results for the holes drilled at the remaining four conductors shortly.”
Only eight of the 15 bedrock conductors have been drill tested in this campaign, however, TSC believes the success of MLTEM targeting implies the remaining seven anomalies now represent high-quality targets.
With the VMS-focused drilling campaign now complete, assays for the four remaining bedrock conductors should be returned from the laboratory shortly.
Moving forward, planning is now well underway for the next phase of gold-focused exploration at the Creasy-1 and Harmonic prospects, where large gold systems have been discovered.