TSC surges after identification of copper soil anomaly
Published 26-NOV-2019 12:06 P.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
TSC Limited (ASX:TSC) has provided a promising update in relation to the current 2,000 metre reverse circulation drilling campaign underway at the Rover Project in Western Australia’s goldfields.
From a broader perspective, the drilling of shallow historic economic gold intercepts at Creasy 1 is progressing in line with expectations.
However, in an exciting development a new copper soil anomaly defined by portable XRF traverses just to the north of Creasy 1 and proximal to the sheared contact has been discovered and this will now be drill tested during the current program.
This news ignited the company’s share price in morning trading as it spiked 50% to match the previous 12 month high struck in August when the company announced that it had identified copper-gold VMS style mineralisation within the Rover Project.
Discussing the definition of a new copper soil anomaly, along with early commentary on the current drilling program, chief executive Ian Warland said, “The drilling team are making solid progress, and with five holes now complete at Creasy 1 we are 25% through the current campaign.
‘’The first batch of samples have already been dispatched to the laboratory, which should be turned around shortly.
‘’In an exciting development, the geology team outlined a new copper anomaly just north of Creasy 1 following recent portable XRF soil traverses.
‘’As this part of Creasy 1 has never been subject to drilling, we plan to test this new target area as part of the current program.”
The predetermined priority areas (see below) for drilling were along the 20 kilometre gold strike (part of the Maynard Hills greenstone belt) on the eastern boundary including Creasy 1, and 20 kilometres south of Creasy 1 at Creasy 2 where the objective is to test new gold/VMS targets.
Initial drilling aims to confirm the presence of gold mineralisation at Creasy 1 before progressively testing for potential down dip and along strike mineralisation.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
