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Twenty Seven Co progressing well with VMS-focused drilling at Rover

Proactive Investors Wednesday, 13 May 2020
Twenty Seven Co Ltd (ASX:TSC) is 65% of the way through a planned 1,500-metre RC drilling campaign at the Rover Project in WA which is focused on shallow VMS targets. Drilling is focused on eight targets along the Maynard Hills greenstone belt and the first batch of samples from seven holes are being analysed with results expected shortly. The eight discrete bedrock conductors being test-drilled are all strongly conductive and this is a typical geophysical response from sulphide mineralisation. "Compelling targets" Chief executive officer Ian Warland said: “RC drilling is progressing well and should be finishing up the current VMS-focused campaign shortly, with assay results to follow. “The eight bedrock conductors being drill-tested are compelling targets since they all delivered geophysical responses consistent with underlying sulphide mineralisation. “From a macro perspective, TSC still has a significant forward pipeline of targets at the Rover Project, which highlights the upside potential from gold and VMS focused exploration undertaken so far.” AEM and MLTEM results over channel 15 and TSC targets VMS style mineralisation The bedrock conductors being test-drilled were identified after a moving loop TEM (MLTEM) survey. All the conductors are generally shallow, ranging from sub-cropping to 90 metres deep, with two at Creasy-2, one at Creasy-1, one at Red Bush and four further southeast along strike on the Maynard Hills greenstone belt. TSC’s consultant geophysicist believes that given every AEM anomaly followed up so far has proven to be a strong MLTEM conductor, there is a high probability the remaining seven untested targets will deliver the same positive outcome. Ongoing exploration The company will complete the current drilling campaign in the next 5-10 days with the remaining samples expected to be analysed shortly afterwards. One-metre assay results from March drilling at the Creasy1 and Harmonic prospects are anticipated in the near-term and, after analysis, a follow-up drilling campaign at these prospects is planned. Shares are up more than 16% to 0.7 cents.
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News video: Huge jackup drilling platform towed into Sheerness, Kent, to be laid up

Huge jackup drilling platform towed into Sheerness, Kent, to be laid up 02:28

The huge jackup drilling rig Prospector 1 was towed into the Port of Sheerness in Kent, southeast England from the North Sea on Saturday (May 16).

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