Newcrest joint venture exploration update

Company News

by Anna Napoli

Newcrest Mining (ASX:NCM) joint venture partner Encounter Resources says on ground exploration activity including diamond drilling at the companies' Generation Alliance Project in Western Australia is due to commence in August following the successful completion of heritage surveys last month.

Newcrest-funded exploration activity, including the first phase of RC and diamond drilling, will be completed during the period from August to November 2019.

These exploration programs are targeting Tier 1 scale gold and copper-gold mineral deposits.

Encounter Resources says it's thrilled to be underway in the Tanami and the West Arunta to test a number of well-defined, advanced targets in 2019.

Shares in Newcrest Mining (ASX:NCM) are trading 1.6 per cent higher at $34.63.
 

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