Twenty Seven Co (ASX:TSC) adds gravitas to Mt Edon rare elements
October 24, 2022Twenty Seven Co. has confirmed the prospective nature of the Mt Edon pegmatite field near Paynes Find in Western Australia.
Rock chip samples returned 1.0% Li2O, 1106ppm Cs2O and 211ppm Ta2O5 potential adding to the mineralised nature of zones in the pegmatites.
A ratio of below 150 indicates a fractionated pegmatite, and below 15 a highly fractionated pegmatite. All the samples except one show highly fractionated and, therefore, high Li-fertility pegmatites.
Also of geological interest is the high occurrence of cesium which further indicates the distal nature of the pegmatite from its source granite and, therefore, a higher potential to host rare elements.
“The reported results further confirm the geological setting of highly fertile untested (fractionated) pegmatite for rare elements such as tantalum, lithium and cesium,” COO Simon Phillips said.
“These identified targets will be tested immediately with our planned drilling reconnaissance program commencing next week.
“The Mt Edon project adds further exposure with the recently announced RTX Joint Venture to drill untested identified lithium targets at the Rover project near Sandstone.”
Detailed drilling and resource assessment have yet to confirm the potential quantity and grade of the pegmatite.
Price Action
The Company’s ASX-listed shares are .002c at Market Open.
About Twenty Seven Co. Limited
Twenty Seven Co. Limited (ASX: TSC) is an ASX-listed explorer.
Mt Dimer Project: is made up of mining lease M77/515 and exploration license E77/2383. The project is highly prospective for Archean gold.
Yarbu Project: This project is located on the Marda Greenstone belt ~ 80km northwest of the Mt Dimer Project. Yarbu consists of three exploration licenses (E77/2442, E77/2540 and E77/2539) which cover approximately 223sq km and are highly prospective for Archean gold deposits.
Rover Project: TSC’s 100% owned Rover project is located near Sandstone in a base metals and gold mineral-rich area associated with Archean greenstone belts. Rover Project is a sizeable 460sqkm tenure package covering two linear Archean greenstones, with a combined length of around 160km. Historically the area is underexplored and is currently undergoing a resurgence in exploration.
NSW Iron Oxide-Copper-Gold and Tin assets:
Midas Project: is prospective for iron oxide copper gold (IOCG) and is located 40km NE of Broken Hill.
Perseus Project: is prospective for iron oxide copper gold (IOCG) and historically has been underexplored and is located ~50km west of Broken Hill.
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