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Ambodilafa Drilling Update
Ambodilafa Drilling Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n Jubilee Platinum PLC\n21 February 2008\n\n21 February 2008\n\n\nAIM: JLP\nJSE: JBL\n\n JUBILEE PLATINUM PLC\n ('Jubilee' or 'the Company')\n\n Madagascar - Ambodilafa Drilling Update\n\n Borehole ALF008 Intersects Further Nickel-Copper Sulphide Mineralisation in\n Ambodilafa\n\nJubilee is pleased to announce that borehole ALF008 has intersected\nnickel-copper sulphide mineralization on the Ambodilafa prospect at 101 metres\nwith higher grade intersections assaying 0.45% nickel (Ni) and 0.16% copper (Cu)\nover an intersected width of 13.9 metres from 243 metres down-hole, which\nincludes 8.0 metres assaying 0.57% Ni and 0.20% Cu. Further significant sulphide\nmineralization was intersected at 260.6 metres downhole, which included 3.8\nmetres assaying 0.67% Ni and 0.25% Cu. Sulphide mineralization mainly of a\ndisseminated nature with lesser net textured and massive forms.\n\nBorehole ALF008 was collared in the western portions of the intrusion some 88\nmetres northwest of and drilled through the vertical borehole ALF003, which as\npreviously announced (22 February, 2007) intersected good nickel-copper sulphide\nmineralization.\n\nHighlights:\n\n• Borehole ALF008 intersected disseminated sulphide mineralization at\n101 metres down-hole, which is largely persistent to 303 metres down-hole and\nincludes wide intersected widths of up to 14 metres of mineralization\n\n• The intersections (cut-off grade 0.2% Ni) include:\n\n • 13.9 metres grading 0.45% Ni and 0.16% Cu (gross metal value ('GMV')\n US$138/t rock at current prices*) including 8.0 metres of 0.57% Ni and\n 0.20% Cu (GMV: US$175/t);\n\n • 7.6 metres of 0.47% Ni and 0.19%Cu (GMV: US146$/t) including 3.8\n metres of 0.67% Ni and 0.25% Cu (GMV:US$207/t); and\n\n • 10.5 metres of 0.35% Ni and 0.16% Cu (GMV: US$110/t)\n\n*Prices US$/t: Ni 28 000; Cu 7 800\n\nSelected mineralized intersections are summarised in the table below\n\nTable 1 Borehole ALF 008 Selected results\n Intersection From to Interval Ni Cu 3E\n m m m % % g/t\n\nTotal 243.4 257.3 13.9 0.45 0.16 0.08\n including 243.3 251.3 8.0 0.57 0.20 0.10\n\nTotal 260.6 268.2 7.6 0.47 0.19 0.09\n including 261.5 265.3 3.8 0.67 0.25 0.11\n\nTotal 275.9 279.1 3.2 0.42 0.18 0.08\nTotal 281.3 290.8 10.5 0.35 0.16 0.06\n including 285.9 287.3 1.4 0.44 0.19 0.07\n\nTotal 298.2 303.3 5.1 0.35 0.16 0.09\n\n3E: platinum, p...