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Drilling results from Rover Project imminent

Published 17-DEC-2019 11:34 A.M.


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TSC Limited (ASX:TSC) has completed the inaugural reverse circulation (RC) drilling campaign at Creasy 1 and 2, on the Rover Project’s eastern boundary in Western Australia’s goldfields region.

The drilling program comprised of 17 holes for nearly 1500 metres with an emphasis on Creasy 1 where 15 holes were drilled.

Management said that remaining samples from recent drilling have been dispatched to the laboratory and the company should be releasing results shortly.

Discussing the broader exploration campaign, chief executive Ian Warland said, “The inaugural drilling campaign which focused on targets at Creasy 1 and 2 has been a resounding success.

‘’Notably, we have intersected shallow high-grade gold up to 3 metres at 20 g/t gold.

‘’Samples for the remaining 11 holes are at the laboratory and we look forward to informing shareholders of the remaining assay results once they have been finalised.”

TSC map

As Warland pointed out, the drilling campaign has already featured some outstanding results, particularly from Creasy 1 which have included 3 metres at 20.1 g/t gold and 3 metres at 14.8 g/t gold.

Both of these intersections were at relatively shallow depths of about 50 metres.

Should these results be backed up by further evidence of shallow high-grade mineralisation, it will bode well for follow-up exploration in 2020.

Moving into the new year, management said that the immediate priority is to fully analyse the drilling results and commence formulating the next phase of the exploration campaign which is likely to focus on priority areas at Creasy 1, 2 and 3.

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.

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