TSC Limited (ASX: TSC) has intersected what it describes as “standout” shallow, high- grade assayed gold results from the inaugural reverse circulation (RC) drilling campaign underway at the Creasy 1 prospect, within the Rover Project in WA’s goldfields.
CEO Ian Warland said the early assayed RC drilling outcomes have confirmed the presence of shallow, high-grade gold at the Creasy 1 prospect that materially eclipses all historic drill results.
The first hole in TSC’s programme intersected 3m @ 14.8g/t Au from 57m, with the assay sample repeated at 16g/t Au. Historic drilling on this section intersected 3m @ 1.4g/t Au from 51m.
The hole intersected a high-grade gold vein, within a larger halo of anomalous gold (0.1 to 0.8 g/t) from 48m to 63m (15m interval).
Mr Warland said gold mineralisation is open down dip and along strike. The orientation of the mineralisation is unconfirmed at present and further drilling is required to determine the dip and strike of the mineralised vein.
Currently, drilling is continuing at Creasy 1 on schedule and will then move along strike to Creasy 2, with further assay results forthcoming as they are processed by the laboratory.
Mr Warland said the priority areas for drilling are along the 20km prospective gold strike (part of the Maynard Hills greenstone belt), on the eastern boundary, and include:
- Shallow historic economic gold intercepts at Creasy 1; and
- New gold / VMS targets further southeast along the known 20km prospective gold strike at
“The geology team’s efforts in identifying priority gold drill targets at the Creasy 1 prospect has delivered an outstanding result that well exceeds expectations,” Mr Warland said.
“Notably, the high grades and shallow depth are exceptional outcomes. This is a very exciting and transformative development for TSC, more so, as we are only part way through the current drilling campaign.
“Overall, we are extremely pleased with the successful start to the current RC drilling campaign and look forward to announcing further results as they come to hand.”