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Manus Island Update

12 Feb 2013 08:10

RNS Number : 6785X
Triple Plate Junction Plc
12 February 2013
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Triple Plate Junction Plc

("TPJ" or the "Company")

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Newcrest Joint Venture - Manus Island Project

Arie Porphyry Prospect - Drilling Results -

Change of Registered Office

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TPJ, the AIM-listed exploration company focused on South East Asia, has received assay results forΒ the three holes drilled at the Arie porphyry copper-gold prospect on Manus Island, Papua New Guinea. The three holes complete an initial diamond drilling exploratory programme totallingΒ 1,414 metres conducted by TPJ's joint venture partner Newcrest PNG Exploration Limited, a subsidiary of Newcrest Mining Limited (ASX:NCM) one of the world's leading gold companies.

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The three inclined holes, collared at spacings of about 350m and 200m respectively, returned low-grade but extensive copper-gold mineralization, including narrow significant copper values of 1-2% in isolated 1m core samples.

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Hole AD0001adrilled to a depth of 528m intersected 518m of 0.16% Cu and 0.06g/t Au from 2m, including 15.0m of 0.29% Cu and 0.06g/t Au from 275m, and 12.31m of 0.4% Cu and 0.06g/t Au from 376m.

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Hole AD 0002drilled toΒ a depth of 405m intersected 357m of 0.23% Cu and 0.07g/t Au from 12m, including 11.7m of 0.5% Cu and 0.18g/t Au from 199.3m; 12.0m of 0.44% Cu and 0.13g/t Au from 252m; 16.2m of 0.40% Cu and 0.06g/t Au from 302m, and 15.2m of 0.39% Cu and 0.08g/t Au from 354.2m.

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Hole AD0003drilled toΒ a depth of 481m intersected 422m of 0.24% Cu and 0.06g/t Au from 8m, including 12.0mΒ of 0.47% Cu and 0.13g/t Au from 261m and 95.0m of 0.39% Cu and 0.10g/t Au from 309m.

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Following receipt of a cash call for the Company's contribution to the Manus Island project joint venture costs to the end of September 2012 the Company has elected to not contribute its pro rata amount and accordingly to have its participating interest in the Manus Island JV project diluted from 15.2% to 11.73%. A further cash call for work undertaken at the JV project for the quarter period ending 31 December 2012 is expected in due course.

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Mt Dremsel Prospect - Lithocap Mapping and Sampling

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The mapping and sampling of the Mt Dremsel Range lithocap has been completed. The rock and spectral analyses and the soil geochemistry indicate anomalous areas near Mt Dremsel and Mt Tapalow. A review of the Mt Dremsel lithocap rock and soil geochemistry will be undertaken in conjunction with the spectral lithocap mineralogy, geological mapping and heli-magnetic data.

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NOTE: TheΒ results in this announcement are reported on the basis of greater than 10m down-hole intercepts grading > 0.1% Cu and containing less than or equal to 17m of continuous < 0.1% Cu internal waste in the case of Hole AD0001a, andΒ less than or equal to 9m of continuous < 0.1% Cu internal waste in the case of Holes AD0002 and AD0003.

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Change of Registered Office

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The Company announces that the new registered office of the Company is at c/o Gowlings (UK) LLP, 15th Floor 125 Old Broad Street, London EC2N 1AR.

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Enquiries

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Triple Plate Junction plc

+44 (0)7775 693 237

Fraser McGee

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finnCap Ltd

+44 (0)20 7220 0500

Matthew Robinson/Christopher Raggett

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Competent Person Review

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TPJ Exploration Director Bill Howell, as a Fellow of the Australasian Institute of Mining and Metallurgy and with 45 years of relevant experience in mineral exploration including more than 40 years in porphyry copper-gold exploration, is qualified as the Competent Person for the purposes of this release. He has reviewed and approved its contents.

This information is provided by RNS
The company news service from the London Stock Exchange
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END
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MSCGGURUPUPWURP
Date   Source Headline
30th Sep 201011:45 amRNSHolding(s) in Company
30th Sep 201010:26 amRNSStatement to be made at today's AGM
29th Sep 20107:00 amRNSUpdate on Proposed Manus Island JV
24th Sep 201012:06 pmRNSUpdate re Morobe Gold JV
27th Aug 20107:00 amRNSPreliminary Results
20th Aug 20107:00 amRNSDirectorate Change
30th Jul 201010:55 amRNSUpdate
2nd Jul 20104:33 pmRNSFinancing Update
28th Jun 201012:00 pmRNSUpdate re Company and Appointments
3rd Jun 201012:56 pmRNSReview of assets and funding
1st Jun 20105:25 pmRNSBoard Appointments
1st Jun 201011:31 amRNSShare Divestment
14th Jan 20104:14 pmRNSHolding(s) in Company
4th Jan 201011:44 amRNSHolding(s) in Company
31st Dec 200911:00 amRNSInterim Results
31st Dec 200910:28 amRNSResult of AGM
22nd Dec 20097:00 amRNSHolding(s) in Company
21st Dec 200911:58 amRNSHolding(s) in Company
9th Dec 20097:00 amRNSRestoration - Triple Plate Junction plc
8th Dec 20094:38 pmRNSNotice of AGM
8th Dec 20094:38 pmRNSPreliminary Results & Restoration of Trading
29th Oct 20092:01 pmRNSUpdate re Annual Report and Accounts
8th Oct 20097:56 amRNSCompletion of Sale
29th Sep 20097:00 amRNSTemporary Suspension in Share Trading
29th Sep 20097:00 amRNSSuspension - Triple Plate Junction plc
24th Sep 200911:00 amRNSTrading Update
14th Aug 20097:00 amRNSBoard Changes
12th Jun 20093:12 pmRNSHolding(s) in Company
26th May 200910:35 amRNSTrading Update
24th Mar 20092:00 pmRNSExploration & Trading Update
12th Feb 200910:00 amRNSTrading Update
29th Jan 20094:35 pmRNSHolding(s) in Company
31st Dec 20087:00 amRNSInterim Results
24th Dec 20087:00 amRNSTPJ deal with Newmont Ventures Limited
2nd Dec 20089:52 amRNSTrading Update
3rd Nov 200811:39 amRNSBuyout of Morobe Block Joint Venture Agreement
24th Oct 20089:55 amRNSBoard Change
23rd Oct 20083:56 pmRNSResult of AGM
15th Oct 20084:18 pmRNSHolding(s) in Company
30th Sep 20087:00 amRNSPreliminary Results
18th Aug 20084:04 pmRNSAdmission of New Ordinary Sha
15th Aug 200810:13 amRNSNOTIFIABLE INTEREST
31st Jul 20086:07 pmRNSPlacing
24th Dec 20077:01 amRNSPlacement
21st Dec 20072:52 pmRNSInterim Results
28th Nov 20077:00 amRNSBoard Changes
20th Nov 20072:51 pmRNSDirectorate Change
15th Nov 200712:55 pmRNSResult of AGM
22nd Oct 20077:01 amRNSAU$5 Million Joint Venture
28th Sep 20074:09 pmRNSAnnual Report and Accounts

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