Twenty Seven Co Ltd (ASX:TSC) has received all results from this month’s reverse circulation (RC) drilling program at Harmonic prospect of the Rover Project that confirm the prospect’s strong gold potential.
There were 33 holes completed for 2,043 metres over four main gold target areas with the primary focus being the mineralised shear zone at Harmonic.
The new results have confirmed gold along strike with Harmonic remaining open to the north and south.
Best Harmonic results
Best results of the October 2020 drill program include:
- 18 metres at 1.0 g/t from 5 metres, including 3 metres at 5.4 g/t from 17 metres;
- 17 metres at 1.0 g/t from surface, including 3 metres at 2.1 g/t from 2 metres; and
- 8 metres at 1.1 g/t from surface, including 2 metres at 2.8 g/t from surface.
CEO Ian Warland said the picture at Rover continued to emerge.
"In less than 12 months we have progressed Harmonic from its discovery in late 2019 to the stage where coherent zones of mineralisation have been defined over 200 metres of strike, and possible extensions identified along strike and down dip.”
The Harmonic prospect is around 300 metres north of Creasy-1 gold prospect and was discovered by TSC less than 12 months ago.
At Creasy-1 four new holes for 404 metres intersected mineralisation along strike from a previously reported hole that intersected 15 metres at 3.8 g/t from 49 metres.
The new results included 12 metres at 0.44 g/t from 14 metres and 9 metres at 0.43 g/t from 74 metres, including 3 metres at 1.01 g/t.
Warland said: "Creasy-1 is confirmed to be a 1500-metre long mineralised shear zone which includes zones of attractive grade.”
Strongly anomalous bismuth, an important gold pathfinder found at Harmonic and Creasy 1 was also intersected at the Maynard Intrusion target further highlighting its potential for gold mineralisation.
Mt Dimer plans
TSC has also recently finalised the Oz Gold acquisition which includes the Mt Dimer mining lease 200 kilometres south of Rover, and has started fieldwork in preparation for maiden drilling as soon as possible
Warland added: "Rover additionally offers a number of other priority gold targets contributing to a pipeline of opportunities substantially boosted by the recent completion of the Mt Dimer acquisition.
"At Mt Dimer we have made solid progress in advance of our maiden drill program testing for continuation of high-grade gold under and along strike from the historical open cut.”
Ongoing exploration and next steps
- Conduct surface geochemical programs and mapping on E77/1134;
- Modelling of Harmonic and Creasy-1 mineralisation systems; and
- Appraisal and planning of identified gold targets for drill testing.
- Interpret and analyse results from Mt Dimer field trip; and
- Progress Mt Dimer drill planning and approvals.