Twenty Seven Co signs sale purchase agreement to expand Yarbu Project in Western Australia

Twenty Seven Co Ltd (ASX:TSC) has signed the tenement sale and purchase agreement (SPA) with Revolution Mining Pty Ltd to acquire two tenements, E77/2540 and E77/2539, nearly doubling and expanding the Yarbu Gold Project in Western Australia. Following the execution of the SPA, the company will issue Revolution Mining 6,666,667 fully paid ordinary shares in the company, being the equivalent of $40,000 worth of TSC shares. The new tenements nearly double the existing Yarbu Project area to around 223 square kilometres and increase TSC’s strike length along the highly prospective Clampton Fault from 5 kilometres to 22 kilometres. There is clear evidence the Clampton Fault is prospective for Archean shear-hosted gold deposits, as the historical Clampton Mine is south of TSC’s Yarbu Project. No previous drilling  Only very limited historical drilling has been completed within the founding Yarbu Gold Project and none recorded in the newly acquired tenements. Two traverses of RAB holes spaced 4.7 kilometres apart that targeted the Clampton Fault intersected encouraging indications of mineralisation including 1-metre at 1.1 g/t gold and 1-metre at 0.56 g/t gold. Limited historical soil sampling recorded on GEOVIEW indicates the presence of significant gold anomalies along the Clampton fault and in the immediate environs of the Yarbu Gold Project. The Clampton Fault forms an immediate priority target zone at the Yarbu Gold Project, while the success of soil geochemistry to define anomalies sourced by underlying gold mineralisation in the area offers an obvious first pass method to explore the tenure more broadly.