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13 Feb 2012 07:52
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
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