Twenty Seven Co. Limited (ASX: TSC) has released a maiden JORC 2012 Inferred Mineral Resource Estimate at its 100% owned Mt Dimer Gold Project, located in the world‐class Marda-Diemals Greenstone Belt of Western Australia.
The Total Maiden JORC 2012 Inferred Mineral Resource Estimate for the Mt Dimer Gold and Silver Project includes 722kt @ 2.10 g/t Au for 48,545 ounces of gold and 3.84 g/t Ag for 89,011 ounces of Silver.
CEO, SimonPhillips, said the maiden Mt Dimer Gold Resource highlights the potential for further gold and silver resources to be identified along the mineralised corridor within Mt Dimer and the surrounding tenements.
He added that recent soil geochemical sampling undertaken over the exploration licenses to the west of the Mt Dimer Ming Lease (MDML) shows the potential for further mineralisation to be defined within the greater project area.
We are pleased to report the maiden JORC resource estimate for our Mt Dimer Gold Project. This initial resource validates the company’s recent exploration work and provides a solid platform to unlock further value from our portfolio of WA gold assets,” Mr Phillips said.
“Data generated from the complex JORC resource modelling, together with recently completed geochemical work, indicates that gold mineralisation may be unlocked from across the Mt Dimer tenement package, and we look forward to providing further updates on follow up work programs in due course.
“TSC is building an exciting pipeline of quality exploration assets and we look forward to systematically unlocking value for our shareholders.”
Mr Phillips said the resource remains open to the south and down dip, with strong potential to extend the mineralisation along strike to the south.
Planning for follow up work programmes is underway on the exploration license which equals approximately 87% of the overall land package at Mt Dimer.