Twenty Seven Co is set to fast-track a drilling campaign at its 100 per cent owned Rover gold project south-east of Sandstone in the Goldfields of Western Australia after COVID-19 thwarted its immediate plans to get the rods spinning in NSW. The company is looking to get boots on the ground in September to follow-up on some stellar prior hits including 14 metres at 4.05 grams per tonne gold from 49m at the Creasy North prospect, which also takes in a 1m interval at a bumper 51.2 g/t gold.
Management says drilling approvals are already in place for the majority of the target areas, with geological staff and drill infrastructure all set to go.
Creasey North lies in the central part of the landholdings together with the nearby Creasy 1 and Harmonic prospects where past drilling also returned several solid hits.
Early drilling at Creasy 1 delivered a 5m intercept going 9.33 g/t gold from 51m including an eye-catching 1m at 44.2g/t gold from 51m.
At Harmonic, a 10m intersection graded 1.84 g/t gold from 44m and another 1m interval came in at 9.17 g/t gold. Another hole returned 13m at 1.2 g/t gold from 58m including 1m at 11.8 g/t gold from 59m.
Intriguingly, Harmonic also hosts some near-surface intercepts including 15m at 1 g/t gold from just 6m down-hole which includes a richer 3m at 4.39 g/t gold interval.
Rover covers a hefty 460 square kilometres of acreage taking in more than 92km of strike along the Maynard Hills and Cook Well greenstone belts.
Curiously, Twenty Seven Co has identified three new gold soil anomalies some 10km along strike to the north-west of Harmonic.
Management says the new anomalies have never been drilled and represent the largest and highest magnitude gold soil anomalies defined at the project to date.
The biggest of the new anomalies, Four Corners, stretches for a hefty 4.7km with multiple samples returning gold values grading more than 0.1 g/t gold. A peak grade of 0.6 g/t gold and elevated levels of pathfinder metals such as arsenic and copper are also reported.
To the south of Four Corners, the Blue Hills anomaly takes in 1.2km of strike with gold values going as high as 1.15 g/t gold. Anomalous grades of pathfinder metals are also present.
Another 1.2km of strike has been identified to the north of Four Corners across a cluster of four anomalies collectively named ‘Middle Well’. Gold samples at the prospect have reached as high as 0.43 g/t gold and 0.32 g/t gold.
Twenty Seven Co Chief Executive Officer Simon Phillips said:“Twenty Seven Co is genuinely excited to bring forward to early September the drilling of some of the best targets we have identified to date at the Rover gold project and we are looking forward to testing our targets this quarter.”
Meanwhile, Twenty Seven Co is eyeing a separate drilling program at its Midas project located within its 753 sq. km acreage in the prospective northern Broken Hill area of New South Wales.
The company has identified multiple drill-ready targets across its key Midas, Perseus and Trident projects prospective for IOCG and copper-gold mineralisation. Historical workings are scattered around the tenure with copper mineralisation also identified in rock chip samples.
Management says its NSW assets exhibit geochemical similarities to the ‘world class’ Olympic Dam mine in South Australia operated by mining giant BHP.
The company plans to tackle the Midas drilling campaign once COVID-19 restrictions in the state have cleared up.
Twenty Seven Co looks like it will have no shortage of news-flow in the coming months as the rotary truth diviner begins to unlock the geological secrets at Rover before moving onto NSW – COVID willing.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
