Business
Madagascar Update
Madagascar Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n Jubilee Platinum PLC\n08 December 2005\n\n8 December 2005\n\n Jubilee Platinum Plc\n ('Jubilee' or 'the Company')\n\n Airborne VTEM Geophysics Survey Identifies a Significant Anomaly\n over Ambodilafa in Madagascar\n\n\nJubilee is pleased to announce the completion of the large-scale helicopter\nVersatile Time-Domain Electromagnetics ('VTEM') Airborne survey, commissioned\nand funded by BHP Billiton, over the Company's Mananjary Block on its Ambodilafa\nconcession in Madagascar and the issuance of an independent preliminary\ninterpretive report. This event is the first milestone pursuant to a\ncollaborative agreement with BHP Billiton dated 27 October 2005.\n\n\n\nHighlights:\n\n\n\n • An airborne geophysical survey, covering 195.3 line kilometres, has\n been completed over the Mananjary block on Jubilee's Ambodilafa concession\n\n\n\n • The independent report has identified within the block a strong\n anomaly 'consisting of a flat lying circular feature 'with an estimated\n thickness of up to 40 metres\n\n\n\n • The independent report highlights that 'work to date has indicated a\n worthy target for drill testing' and recommends completion of \n interpretation prior to drill testing\n\n\n\nColin Bird, chief executive officer of Jubilee, said: 'We are pleased to have\nachieved such a positive and exciting anomaly result from the survey. We will\ncontinue aggressively with further interpretation of the results to define\ntargets for drill testing as soon as possible.'\n\n\n\nJubilee's Ambodilafa concession forms a large 190km(2) property, which is part\nof an extensive ultrabasic system. The property is located some 160 kilometres\nsoutheast of the Madagascan capital Antananarivo.\n\n\n\nThe report notes that the particularly strong responses obtained in the survey\nare derived from flat lying targets. The VTEM method is state-of-the-art and is\nacknowledged as being an excellent prospecting tool for identifying anomalies\nrelated to massive sulphides.\n\n\n\nFor further information please contact:\n\n\n\nColin Bird Cathy Malins / Annabel Leather\nJubilee Platinum plc Parkgreen Communications Ltd\nTel +44 (0) 20 7584 2155 Tel +44 (0) 20 7493 3713\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2568,"tagName":"div"}]