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Drilling Update at Tjate
Drilling Update at Tjate.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n RNS Number : 0206B Jubilee Platinum PLC 11 August 2008 \n \n\n11 August 2008 \n\nAIM: JLP\nJSE: JBL\nRegistration number: 4459850\nISIN: GB0031852162\nJUBILEE PLATINUM PLC\n('Jubilee' or 'the Company')\n\nUpdate on drilling programme at the Tjate project \n\n\nJubilee Platinum, the AIM quoted and JSE Limited listed mining exploration and development Company with a focus on platinum group metals (PGM) in South Africa, is pleased to announce recently received results from six new boreholes on the Tjate project, DT15, DT17, DT18, DT19, DT20 and DT23, These boreholes are part of the Company's accelerated drilling programme at the Tjate Project. \n\nHighlights \n\n\n\nAll six boreholes intersected the Merensky Reef (MR) at expected projected depths, with grades and thicknesses generally in line with the variability expected for this reef. \n\n\n\n\n\nBorehole DT20 targeted the UG2 reef as well as the MR and intersected both reefs at expected target depths. \n\n\n\n\n\nBorehole DT23 intersected exceptionally high assays in the motherhole (12.04 g/t 3PGE + Au) (combined platinum, palladium, rhodium and gold) and the two deflections (7.46 g/t 3PGE + Au and 18.03 g/t 3PGE+Au respectively) giving a weighted average assay for the hole of 12.52 g/t 3PGE + Au over 0.98m apparent thickness. \n\n\n\n\n\nDT15 (mother hole and two deflections) MR plus contiguous footwall assayed a weighted average of 4.04 g/t 3PGE+Au, over combined 1.96m apparent thickness.\n\n\n\n\n\nOne deflection in DT15 intersected 3.8m apparent thickness of mineralised MR and contiguous footwall assaying weighted average 5.40 g/t 3PGE+Au including 0.98m MR assaying 6.31 g/t 3PGE+AU and 1.83m of footwall assaying weighted average 7.80g/t 3PGE+Au with associated base metals assaying 0.57% nickel (Ni) and 0.20% copper (Cu).\n\n\n\n\nDetailed results are provided in Tables 1 and 2 below\n\nPreliminary results from an independent structural modelling exercise conducted as part of phase1 of the current feasibility study programme suggest that the Merensky Reef in the area identified occurs as two distinct type...