EXPLORATION & DEVELOPMENT

Newcrest signs for Encounter exploration

NEWCREST Mining has taken up five potential joint ventures presented to it since December under an exploration alliance with giant-hunting junior Encounter Resources that will see large-scale exploration over 4400sq.km of the frontier Tanami and Arunta provinces in Western Australia’s remote east.

The JV will explore some highly prospective but lightly explored areas.

The JV will explore some highly prospective but lightly explored areas.

Encounter, which was down to A$565,000 cash at the end of March, will pocket up to $1 million in payments from Australia's largest gold company over the next year with an initial $100,000 as soon as the...

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