Twenty-Seven Capital Corp.

Twenty-Seven Capital Corp.

September 07, 2005 13:07 ET

Twenty-Seven Capital Corp.: Encouraging Uranium and Copper Results at Igor Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Robert C. Carne, President of Twenty-Seven Capital Corp. (TSX VENTURE:TSC.P) is pleased to announce results of recently completed diamond drilling at its Igor, Bond and Steel properties in the Wernecke Mountains of Yukon Territory. The properties are currently under option to Cash Minerals Ltd. which can earn a 50% interest by making cash payments totalling $250,000 and exploration expenditures totalling $3,000,000 by December 6, 2007. A total of 2425 m of drilling was done in 17 inclined holes. Seven holes were drilled at Igor, seven at Bond and three at Steel. All of the holes tested for uranium enriched iron-oxide copper-gold (IOCG) mineralization in Proterozoic breccia deposits.

Particularly encouraging results are reported from the Igor property. To date, assays are available for three holes (I05-1, I05-2 and I05-4) as shown on the accompanying table. Hole I05-4 is especially noteworthy cutting an interval averaging 1.88% copper and 0.069% U308 over an intersected length of 74.44 m. The hole and the copper- and uranium-enriched interval both terminated in a post-mineralization fault zone. Included in this long intersection are two shorter intervals which average 4.79% copper with 0.192% U308 over 12.43 m and 4.79% copper with 0.215% U308 over 14.54 m. The top 4.32 m of the latter interval graded 6.62% copper and 0.400% U308 (8 lbs/ton).

Hole From (m) To (m) Interval (m) U308 (%) Cu (%)
---- ------- ----- ----------- ------- -----

I05-1 10.75 33.04 22.29 0.005 0.32
88.08 99.10 11.02 0.006 0.38
115.51 124.97 9.46 0.001 0.26

I05-2 8.95 13.36 4.41 0.002 0.35
17.68 19.22 1.54 0.002 0.42
29.00 30.35 1.35 nil 0.33

I05-4 103.87 178.31 74.44 0.069 1.88
including 111.87 124.30 12.43 0.192 4.79
and 160.27 174.81 14.54 0.215 4.79
and 160.27 164.59 4.32 0.400 6.62

Hole I05-4 is important because of the high assays and also because of key information it provides regarding the orientation of the main copper- and uranium- enriched zone and post-mineralization faults. Using this information, it was determined that the main zone strikes northerly and dips steeply to the west while the faults strike westerly and dip to the north. With these orientations, only two of the seven holes drilled in 2005 could have intersected the main zone (holes I05-4 and I05-7). Hole I05-4 was drilled from the east and cut obliquely across part of the zone before terminating in a fault, while Hole I05-7 was drilled from the west and cut nearly perpendicular across the zone about 150 m north of Hole I05-4. Assays are still pending for Holes I05-05, I05-06 and I05-07. Only three pre-2005 drill holes crossed the trend of the main zone and all were well mineralized. A map of the Igor property showing the 2005 drilling is posted on the Twenty-Seven's web site (

Holes I05-1 and I05-2 cut intervals of weak copper mineralization (0.2 to 0.4%) with scattered patches with weak radioactivity.

Drilling at the Bond property confirmed results of earlier drilling by previous operators with weak to moderate uranium mineralization (0.025 to 0.1% U308) over narrow intervals in a shallowly north dipping zone.

Results from the Steel property were inconclusive as none of the three widely spaced holes intersected significant copper or uranium mineralization. The results are enigmatic because they do not adequately explain prominent magnetic and gravity geophysical anomalies present in a broad overburden covered river valley.

Future work at the Wernecke Mountain IOCG project is expected to focus on the Igor property but information obtained there may later be used to successfully explore the other properties.

Work leading to results described in this news release was conducted by Archer, Cathro & Associates (1981) Limited under the supervision of Bill Wengzynowski, P.Eng. All assays were conducted at ALS Chemex in North Vancouver.


Per: Robert C. Carne, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this news release.

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