Twenty Seven Co Ltd's (ASX:TSC) (FRA:U9V) first soil geochemical program over the 100%-owned Mt Dimer Exploration Licence in Western Australia has identified three gold in soil anomalies that confirm the potential for undercover gold mineralisation.
This soil sampling program was designed to test and confirm the results of historical geochemical sampling and to focus on Geological Survey of Western Australia (GSWA) mapped and magnetically inferred structures, shear zones and lithological contacts.
The company’s geology team collected 274 samples covering the southwest corner of the tenement, with the largest of the gold, arsenic and lead geochemical anomalies around 800 metres in strike length and up to 500 metres in width at its widest point.
“Optimistic about mineralisation potential”
Of the three anomalies, two are higher priority targets and appear to correlate with mapped and interpreted shear zones and geological contacts.
TSC chief executive officer Simon Phillips said: “We are very pleased with the indications from the first-ever systematic geochemical sampling program to be completed over the Mt Dimer Exploration Licence.
“Encouragingly, the gold in soil anomalies we have identified appear to coincide with other geological units that are known to host mineralisation within the region.
“Given the distribution of gold throughout the Mt Dimer Project area, our geological team is very optimistic about the potential for further mineralisation to be identified over this exploration licence.”
Historical auger points and recent geochemical points clearly show the gold in soil mineralisation along strike from the Mt Dimer Gold Project.
Next steps
The soil sampling was completed adjacent to the Mt Dimer Mining Licence, where RC drilling has identified shallow, high-grade mineralisation including up to 23 g/t gold and 33 g/t silver.
The company plans to undertake the following exploration activities at Mt Dimer:
- Follow-up and infill sampling program;
- A regional geological mapping project to ascertain and map lithologies within the anomalous gold zones; and
- Identify any potential gold-bearing structures.