Drilling results from Rover Project imminent
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.”
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.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.