PRE 0.00% 6.0¢ pacrim energy limited

newcrest commence drilling at manus, page-10

  1. 3,281 Posts.
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    Just catching up on what I'm sure the long termers already know, surprised there hasn't been a tad more interest considering Newcrest is hoping to confirm a system capable of hosting a multi million ounce gold deposit, see below.

    Also noted in the Newcrest half yearly they have 44 drill rigs dedicated to exploration, nice to have money.

    16 February 2012

    Triple Plate Junction plc("TPJ" or the "Company")
    RE: Newcrest's Q4 2011 Exploration Activities Report

    At the Kisi prospect, eight holes (1600m) ranging in depths from175 to 300m are planned to provide a broad spaced coverage of the more gold in soil anomalous parts of the prospect. The aim of this drilling is to demonstrate
    potential for a large low sulphidation epithermal system to exist which is capable of hosting a multi-million ounce gold deposit.


    http://www.bloomberg.com/article/2012-02-16/aqdMYbu5qDlQ.html
 
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