Triple Pl.ju. Regulatory News (TPJ)



Regulatory News for Triple Pl.ju. (TPJ)


Share Price: 0.425Bid: 0.30Ask: 0.50Change: 0.025 (+6.25%)Riser - Triple Pl.ju.
Spread: 0.20Spread as %: 66.67%Open: 0.40High: 0.40Low: 0.325Yesterday’s Close: 0.40





Project Update - Crater Mountain

Mon, 13th Feb 2012 07:52

RNS Number : 2818X
Triple Plate Junction Plc
13 February 2012
 

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Triple Plate Junction plc

("TPJ" or the "Company")

 

Project Update - Crater Mountain

 

This announcement replaces RNS 2807X made at 07.01 today. The Company has received and reviewed the underlying data from Diamond Drill Hole NEV031 and is able to comment accordingly.

 

Gold Anomaly Limited (ASX: GOA), the Company's joint venture partner in the Crater Mountain Project, released an announcement on 13 February 2012 of results from Diamond Drill Hole NEV031. TPJ holds an 8% interest in the Crater Mountain Project.

 

The announcement can be found at the Company's website: www.tpjunction.com and includes the table below:

 

NEV031 - Significant Results

 

Depth

Grade

30m to 48m

18m @ 0.27 g/t Au

62m to 66m

4m @ 0.36 g/t Au

92m to 124m

32m @ 0.73 g/t Au & 0.08% Cu

                Including:            94.9m to 100m

5.10m @1.38 g/t Au & 0.31% Cu

                                                106m to 116m

10.0m @ 1.10 g/t Au & 0.02% Cu

182m to 206m

24m @ 0.51 g/t Au

                Including:            200m to 204m

4m @ 1.57 g/t Au

228m to 454m

228m @0.57 g/t Au & 0.07% Cu

                Including:            318m to 342m

24m @ 1.30 g/t Au & 0.09% Cu

                                                360m to 364m

4m @ 1.43 g/t Au

                                                442m to 452m

10m @1.23 g/t Au & 0.14% Cu

532m to 540m

8m @ 0.22 g/t Au

572m to 580m

8m @ 0.31 g/t Au

594m to 602.9m - end of hole

8.9m @ 0.23 g/t Au

 

The above intercepts were calculated using a 0.20g/t Au COG, using a minimum intercept width of 2m, and a maximum of 4m of internal dilution. The intercept was calculated using a weighted average, whereby the summation of the individual sample grade is multiplied by the sample width then divided by the intercept length. Each sample if of half core and each sample length is 2m. High grade intercepts are calculated using a 0.50 g/t Au COG, using the same methodology as the 0.20 g/t Au COG.

 

Bill Howell commented: "The commencement by GOA of a petrographic study of the mineralization and alteration trends encountered in the Nevera Prospect drill holes should contribute to a better understanding of the potential of this large mineralized system."

 

Mr Bill Howell, as a Fellow of the Australasian Institute of Mining and Metallurgy and with more than 40 years of relevant experience in mineral exploration, is qualified as the Competent Person under the JORC 2004 Code and the AIM Note for Mining, Oil and Gas Companies 2009. He has reviewed the information contained in this statement and authorized its release.

 

Enquiries

Triple Plate Junction plc

Fraser McGee                                                                    +44 (0)7775 693 237

 

finnCap Ltd

Matthew Robinson/Christopher Raggett              +44 (0)20 7220 0500

 

Ocean Equities Limited

Guy Wilkes                                                                         +44 (0)20 7786 4370

 

FTI Consulting

Ben Brewerton/Oliver Winters                                 +44 (0)20 7831 3113

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUOSBRUOAUARR






DateSourceHeadlineCategory
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01-Nov-12 07:00RNSChange of AdviserExecutive Changes
31-Oct-12 07:00RNSTotal Voting RightsHolding(s) in Company
17-Oct-12 10:59RNSDrilling AnnouncementResults and Trading Reports
15-Oct-12 09:27RNSDivestiture of Vietnam AssetsCompany Announcement - General
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04-Jul-12 14:07RNSGrant of OptionsCompany Announcement - General
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