joint venture

http://www.proactiveinvestors.co.uk/companies/news/34435/triple-plate-junction-primed-for-an-exciting-and-potentially-transformational-three-months--34435.html

"The next three months are probably the most important in the short history of Papua New Guinea-focused gold explorer Triple Plate Junction (LON:TPJ)."



"However, the big bang will come when we receive drill updates from the joint ventures with industry giants Newmont (NYSE:NEM) and Newcrest (ASX:NCM), as well as an update on the plans of another big name partner, Barrick Gold (TSE:ABX)."



"Manus Island is another huge opportunity for TPJ and partner Newcrest, which will earn an 80 per cent interest in the project by investing US$6 million in exploration.

At the current rate of spend it will have achieved this financial milestone by the end of the first quarter of next year.

In August, Newcrest completed a helicopter-borne geophysical survey over the entire 700 square km of the project at Manus Island and continues a programme of mapping and sampling over the entire property.

A 3,000 metre drilling campaign is expected to begin next month with the first results emerging around Christmas and beyond, McGee reveals."