"A drilling rig and helicopter have now both been procured for the Kisi epithermal gold prospect and the Arie copper-gold porphyry prospect and drilling is expected to commence shortly.
Bill Howell, TPJ's Exploration Director, commented: "Despite the delay in commencement of drilling, the ongoing sampling and mapping programme at the Manus project continues to better define the two drilling targets at Kisi and Arie. Both targets indicate early potential for size and type of mineralization to achieve the thresholds that major companies like Newcrest aim for in new discoveries, namely at least 5Moz of gold or gold equivalent for porphyry type deposits and 3Moz for higher grade gold in epithermal vein or vein replacement type deposits."
PRE Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held