Twenty Seven Co. Limited (TSC) is currently undertaking its maiden RC drilling program at Mt Dimer Mining lease in Western Australia.
The Mt Dimer Gold Project comprises a mining lease (M77/515) and exploration license (E77/2383) located circa 100km North-East of Southern Cross (see the map on the right). To recap, the Mt Dimer mining lease was last mined in the mid-1990’s when the gold price was circa A$500 per ounce. The open pit produced ~77,000t @ 3.44g/t Au for circa 8,500 Oz of Au, to 50m depth. (Reference: ASX: TSC: 30 September 2020, Strong gold potential at Mt Dimer)
No significant production or exploration work has been completed since 1996. Historical drilling from the 1990’s and four drill-holes from 2017 indicate that significant gold mineralisation exists under the open pit and along strike. A north-south long section through the Mt Dimer deposit indicates gold mineralisation plunging shallowly south below the current pit level and remaining open at depth.
TSC’s Mt Dimer project sits just over 1 hour North of Great Eastern Highway, to the North West of the famous gold mining town of Southern Cross.
As well as the project’s close proximity to the major highway and power it’s sits within a two hour drive from the major Gold Mining centre of Kalgoorlie.
Mt Dimer’s Mining Lease expires in 2034.
See ASX releases for more information
25/2/2021 - Drilling campaign Mt Dimer concludes; New appointments
19/2/2021 - Significant progress with Mt Dimer drilling
11/2/2021 - Drilling campaign underway at the Mt Dimer Mining Lease
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