manus island, page-2

Thanks richyrich.

Interesting there are more target zones identified and the 2km anamoly could be a sizeable deposit at 5g/tonne but we will have to wait until it is drilled to be thrilled.

"The results from the geographical survey were very encouraging. The resolution and detail of the data is superb. The magnetic data shows that the known mineralized prospects are closely related to major linear structures and the margins of the main intrusive complex. A number of circular magnetic features have also been recognised that may point to previously unknown mineralized bodies. The radiometrics clearly pick out high K-anomalism west of Arie that could represent potassic alteration, and coupled with high magnetic anomalies in the same area could indicate a target west of Arie not recognised before. The radiometrics also pick out the clay and silica rich zones which could be important vectors for mineralization search. The Kisi area drilled by TPJ in 2008 lies on a very clearly defined WSW-ENE structural feature extending some 15-20km. About 500 metres north and parallel to this main structure, Newcrest’s eight soil sampling lines have delineated a 200 metres wide 2km long gold anomaly of more than 5 grammes a tonne, which will need testing by drilling."

"Newcrest are rapidly working to complete, in early July 2012, the first phase drilling of four of seven holes each of between 150 metres and 300 metres in depth at the epithermal gold prospect Kisi with a view to moving the rig onto the Arie porphyry copper-gold prospect to drill an initial 3 holes of between 400 metres and 600 metres in depth starting in early July. Following the completion of these holes the rig will be returned to Kisi to complete the final three holes with the benefit of having reviewed the initial drill results to prioritize the drill sites. Exploration is also planned over a third identified target at Mount Kren which may host porphyry and/or epithermal mineralization, and Newcrest’s successes in other parts of Papua New Guinea appear to be driving them forward. The results from the initial drilling at Kisi are expected to be delivered during the course of August 2012."