Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTethyan Resources Regulatory News (TETH)

  • There is currently no data for TETH

Project Update - Crater Mountain

13 Sep 2011 13:16

RNS Number : 1529O
Triple Plate Junction Plc
13 September 2011
 



13 September 2011

 

Triple Plate Junction Plc

("TPJ" or the "Company")

 

Project Update - Crater Mountain

 

On 13 September 2011, Gold Anomaly Limited (ASX: GOA), the Company's joint venture partner in the Crater Mountain project, announced that a rig capable of drilling ~1000 metres depth has commenced drilling hole NEV027. NEV027 will test at least 250m deeper than any previous drilling at the prospect. The hole is anticipated to be completed in mid to late October, with assay results expected a month later.

 

That announcement is reproduced in full below. TPJ holds an 18.9% interest in the Crater Mountain project.

 

CEO Fraser McGee commented: "We are very pleased that this important step in the drill programme has now been made and we look forward seeing the results."

 

For further information, please contact:

 

Triple Plate Junction Plc +44 (0) 7775 693 237

Fraser McGee

 

Daniel Stewart & Company plc +44 (0) 20 7776 6550

Antony Legge / Oliver Rigby

 

Financial Dynamics +44 (0) 20 7831 3113

Ben Brewerton / Oliver Winters

 

This announcement is also available on the Company's web site: www.tpjunction.com

 

 

 

13 September 2011

 

Company Announcements Office

Australian Securities Exchange

 

CRATER MOUNTAIN PROJECT UPDATE, PNG

Deep drill rig commences drilling

Latest hole NEV027 targeting prized 'deep feeder zone' at Nevera

 

 

Gold Anomaly (ASX: GOA) is pleased to provide an update on the Company's flagship Crater Mountain gold project, PNG.

 

Crater Mountain is shaping up as the next significant gold discovery in the nation. To date, drilling has focused on the Nevera prospect, where extensive gold mineralisation has been consistently encountered within the Main Zone, a 600m long by 150m wide zone of anomalous Au, Ag, Cu, Pb, Zn and As mineralisation, which remains open in all directions.

 

Gold Anomaly commenced its latest 10,000m drilling program in July, with the aim of further delineating the extent of the Main Zone and exploring for the possible large deep intrusive that is though responsible for the widespread mineralisation and alteration seen in previous drilling. To date, similarities to mineralisation seen at both Newcrest Morobe Gold's Hidden Valley and Barrick's Waruwari (at Porgera) deposits have been observed at Crater.

 

To that end, the Company is pleased to announce that a rig capable of drilling ~1000 metres depth has commenced drilling hole NEV027.

 

NEV027 is designed to drill below the 1,200m RL, and will test at least 250mdeeper than any previous drilling at the prospect. The hole is anticipated to be completed in mid to late October, with assay results expected a month later.

 

The first two holes of the current campaign, NEV024 and NEV025, have now been completed, reaching depths of 642m and 612m respectively. These holes targeted the Main zone and intersected a similar style of mineralisation as that seen in NEV018 and NEV019, with strong base metal carbonate veining continuing to the base of each hole.

 

NEV024 core has now been cut and sampled, and is en-route to the laboratory in Townsville and samples from NEV025 are due out from later this week. Assay results are expected in early October.

 

NEV026 has also commenced drilling, targeting the Artisanal Zone, where a recent hole (NEV022) intersected 'bonanza' grades including 2m @ 98 g/t Au.

 

For further information regarding Gold Anomaly please contact:

 

Pat Smith

Greg Starr

PNG Exploration and Country Manager

Executive Chairman

P +675 532 1994

P +61 2 9241 4224

For media and investor relations enquires, contact

Robert Williams

FCR

P +61 2 8264 1003

or vistit the GOA website www.goldanomaly.com.au

 

The information contained in this report relating to exploration results at Gold Anomaly's Crater Mountain project is based on information compiled by Mr Pat Smith MSc. B.Sc. (Hons), an employee of Gold Anomaly Limited. Mr Smith is a member of the Australian Institute of Mining and Metallurgy and has the relevant experience in relation to the mineralisation being reported upon to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Smith consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUOAURASAKAAR
Date   Source Headline
15th Feb 20125:21 pmRNSHoldings in Company
13th Feb 20127:52 amRNSProject Update - Crater Mountain
13th Feb 20127:01 amRNSProject Update - Crater Mountain
10th Feb 201212:55 pmRNSProject Update - Morobe - Replacement
10th Feb 201210:19 amRNSProject Update - Morobe
7th Feb 201211:15 amRNSProject Update - Crater Mountain
31st Jan 20125:12 pmRNSIncentivisation Arrangements - JSOP
27th Jan 20127:56 amRNSProject Update - Crater Mountain
26th Jan 20127:00 amRNSProject Update - Crater Junction
19th Jan 20122:32 pmRNSMorobe Update - Gumots Drilling
30th Dec 20111:01 pmRNSProject Update - Crater Mountain
30th Dec 201110:29 amRNSMorobe Update
30th Dec 20117:00 amRNSTotal Voting Rights
23rd Dec 20111:05 pmRNSArbitration Proceedings
23rd Dec 20111:01 pmRNSProject Update - Crater Mountain
21st Dec 20119:14 amRNSProject update - Crater Mountain
16th Dec 201110:45 amRNSIssue of Equity; Registered Office
14th Dec 20119:43 amRNSProject Update - Crater Mountain
6th Dec 201110:45 amRNSUpdate on Manus Island
30th Nov 20119:37 amRNSInterim Report
25th Nov 20117:00 amRNSProject Update - Crater Mountain
24th Nov 201110:07 amRNSProject Update - Crater Mountain
17th Nov 20119:10 amRNSProject Update - Crater Mountain
17th Nov 20117:00 amRNSChange of Adviser
31st Oct 20117:00 amRNSTotal Voting Rights
25th Oct 201110:05 amRNSProject Update - Crater Mountain
10th Oct 201110:12 amRNSProject Update - Crater Mountain
30th Sep 20114:32 pmRNSResult of AGM
30th Sep 20117:00 amRNSTotal Voting Rights
27th Sep 20117:00 amRNSIssue of Equity
13th Sep 20111:16 pmRNSProject Update - Crater Mountain
7th Sep 20113:45 pmRNSAppointment of Adviser
5th Sep 201110:52 amRNSNotice of AGM - Correction
2nd Sep 20113:27 pmRNSNotice of AGM
25th Aug 20117:00 amRNSFinal Results
12th Aug 201111:01 amRNSThe Crater Mountain Project
1st Aug 20117:00 amRNSTotal Voting Rights
29th Jul 20113:56 pmRNSProject Update - Pu Sam Cap
26th Jul 20118:57 amRNSProject Update - Crater Mountain
21st Jul 20114:33 pmRNSProject Update - Crater Mountain
19th Jul 20117:00 amRNSDrilling Commences at Hide's Creek
12th Jul 20113:41 pmRNSProject Update - Crater Mountain
6th Jul 201111:29 amRNSProject Update - Crater Mountain
1st Jul 20117:00 amRNSIssue of Equity and Directors' Interests
29th Jun 201110:16 amRNS"Heli-mag" Survey Commences at Manus Island
16th Jun 20118:38 amRNSHolding(s) in Company
12th May 201111:11 amRNSProject Update - Crater Mountain
4th May 20117:00 amRNSIntended Issue of Options
3rd May 201110:16 amRNSProject Update - Crater Mountain
11th Apr 20117:00 amRNSCommencement of Drilling

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.