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Twenty Seven Co. (ASX:TSC) Discovers Three Large Gold Anomalies at Rover

  • January 14, 2021 01:34 PM AEDT
  • Hina Chowdhary
    Director, Equities Research Hina Chowdhary
    1378 Posts

    Hina Chowdhary is the Director, Equity Research at Kalkine and has an extensive experience of about 15 years in the area of Research, which includes 5+ years in Equities Research particularly.She has earned a Master of Science degree from the renowne...

Twenty Seven Co. (ASX:TSC) Discovers Three Large Gold Anomalies at Rover

Summary

  • Soil sampling program at E57/1134 has discovered the largest and strongest soil anomalies for TSC at its Rover gold project.
  • The three anomalies, representing large area, are continuous in nature. The anomalies remain untested by drilling, as per the government records.
  • Modelling of drill data from Creasy 1 and Harmonaic is planned to be completed along with follow up at the new anomalies.
Gold MTF non-AMP

The stock of gold explorer Twenty Seven Co. Limited (ASX: TSC) traded more than 8% higher on 12 January 2021 to AUD 0.006. The positive investor sentiment seems to have been built around the Company’s latest update on the Rover Gold Project.  

On 12 January, TSC released impressive results from the soil survey finalised on the E57/1134 tenement at the project in November 2020, identifying three strike extensive, high magnitude anomalies. These are the largest and highest magnitude gold soil anomalies defined to date on the Company’s wholly owned project.  

Secured in July 2020, the tenement E57/1134 is one of the three tenements comprising the project. 

Also Read, latest update on TSC: Twenty Seven Co. (ASX:TSC) expands footprint at Yarbu gold project, signs SPA

Untested Massive Anomalies Discovered at E57/1134

The soil geochemistry campaign has been successful in identifying the gold targets at Rover that were demonstrated by the discovery of the Harmonic deposit in late-2019 via the drilling of a soil anomaly.

The latest soil sampling program was conducted in an area 10 kilometres along strike to the northwest of the Harmonic and Creasy 1 prospects, discovering the largest and strongest soil anomalies at the Rover gold project.

The detailed soil sampling program targeted the outcropping and shallow lithologies at the Maynard Hills Greenstone Belt. The samples were collected at 50 metres, almost 100 metres spaced between lines collecting over 1,091 samples.

The sample assaying has been completed with the result interpretation confirming numerous substantial geochemical anomalies. On application of anomaly threshold grade of 3 ppb gold, three primary anomalies have been identified from the survey data, each coincident with greenstones of the Maynard Hills Greenstone Belt.

The WA government’s GEOVIEW has no records for historical drilling activity in the neighbourhood of the identified soil anomalies, which are expected to lead to larger gold discovery on further exploration. The new anomalies represent significant and major exploration opportunities for TSC.

Also Read: Twenty Seven Co. (ASX:TSC) in Hotseat to Cash in on WA Archean Gold Opportunity  

Auger Soil Sampling at Harmonic Prospect

An auger soil sampling program was concluded at the Harmonic prospect to drill and sample the underlying media. The samples were collected at 50 m centres, spaced 100 metres apart. A total of 92 samples were collated over 1.1-kilometre strike length.

The auger sample assay results have confirmed that the gold anomaly at Harmonic extends further. TSC interprets the drill holes at Harmonic to represent stacked parallel lodes within mafic lithologies. The extended auger soil anomaly presents untested targets requiring drill testing up dip of the known lodes.

Also Read: Twenty Seven Co. (ASX:TSC) Reveals Impressive Assay Results from Harmonic Prospect

Way Forward and Upcoming Explorations Programs

Good Read: Meet the Leadership Team Behind Twenty Seven Co (ASX:TSC) Terrific Progress

On 14 January 2021 (AEDT 1:22 PM), TSC traded at $ 0.006.

 


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