Twenty Seven Co Ltd (ASX:TSC) has begun an inaugural reverse circulation (RC) drilling campaign at the Mt Dimer Mining Lease (MDML), which is one of three assets along with the Yarbu and Rover projects that the company has in WA’s Goldfields.
The campaign, which comprises 20-25 drill-holes for around 3,300 metres, has been designed specifically to extend known gold mineralisation at the base of the open-pit.
Combining new and key legacy data, TSC intends to expedite modelling of a JORC-compliant resource estimate.
Historical economic drill intercepts provide demonstrable evidence and insights that MDML has exploration potential with best results including:
- 22 metres at 4.98 g/t gold from 37 metres including 10 metres at 7.55 g/t from 44 metres;
- 19 metres at 3.42 g/t from 76 metres including 4 metres at 12.95 g/t from 76 metres; and
- 5 metres at 5.23 g/t from 33 metres.
Work well ahead of schedule
TSC CEO Simon Phillips said: “It’s an exciting occasion to be at the site as a drilling campaign gets underway.”
“Thanks to TSC’s drilling, logistics and geology teams, we have been able to commence work well ahead of schedule at MDML.
“Our goal now is two-fold: extend known gold mineralisation then expedite modelling up a JORC-compliant resource.”
Geology consultancy appointed
TSC has appointed Stephen Pearson of Geko-Co and his team to oversee all technical work at the MDML and former CEO and chief geologist Ian Warland has been involved in working through key components of the TSC asset base.
For the past month, Pearson has had the lead with logistics and preparation for the current drill program.
Next steps
The next steps at MDML comprise the following priority tasks:
- Completion of the entire drilling campaign;
- Progressive release of assay results; and
- Modelling of drilling data, with a view to producing a JORC-compliant resource estimate and planning the next phase of exploration.