Twenty Seven Co Ltd (ASX:TSC) has extended existing focus areas and identified new gold targets during soil sampling and auger drilling at the Rover Project in Western Australia along the Maynard Hills greenstone belt.
Around half of the assay results received from these campaigns have been processed and the Harmonic target size has more than tripled to around 650 metres long.
An untested new 600-metre-long, strong gold in soil anomaly, also extends north of the Red Bush target.
Several new gold anomalies were also found along the Maynard Hills greenstone belt providing additional drilling targets.
The campaign's focus areas were the Harmonic, Creasy 3, Red Bush and Mistletoe prospects coupled with the Maynard Intrusion target, all along the 20-kilometre-long prospective gold strike of the Maynard Hills greenstone belt.
“An exciting development”
Chief executive officer Ian Warland said: “In an exciting development, it is pleasing to report the soil sampling and auger programs have successfully extended known focus areas at the Harmonic and Red Bush prospects while generating new gold targets for priority follow-up.
“Moreover, with the Rover Project northern extension now granted, increased fieldwork will generate a plethora of high-quality drill targets to complement our more advanced prospects at Creasy 1 and Harmonic.
“We look forward to updating the market on the results of the rest of the geochemical program and our drilling plans.”
Harmonic target size tripled
Encouragingly, the Harmonic target size has more than tripled to around 650 metres long, with a 1.77 g/t gold rock chip sampled 400 metres north-west along strike from the nearest drill-hole significantly, new soil sampling also confirms a gold anomaly ~650m long at Harmonic.
Results to date confirm a previously untested 600-metre-long, strong gold in soil anomaly that extends north of Red Bush, with a highly anomalous peak soil assay at 85ppb.
Importantly, this new soil anomaly is supported by May 2020 TSC drill-hole 20RVRC045 which tested a bedrock EM conductor at the southern limit of the new anomaly and returned 1-metre at 0.97 g/t.
Follow-up reverse circulation drilling is planned to target the stronger part of the gold soil anomaly.
Further assays are expected shortly for the Mistletoe and Maynard intrusion targets further south along the Maynard Hills greenstone belt.
Next steps for TSC involve receiving assay results for the rest of the geochemical program and finalising drill preparations ahead of the next phase of drilling at Creasy-1 and Harmonic prospects.
The next RC drilling campaign will test prioritised targets that emerge from the current auger and soil geochemical surveys, coupled with extending known mineralisation around the Creasy-1 and Harmonic prospects, where large gold systems have been discovered.