Business
Tjate Drill Results
Tjate Drill Results.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n Jubilee Platinum PLC\n23 May 2006\n\n\n\n JUBILEE PLATINUM PLC\n\n ('Jubilee' or 'the Company')\n\n\n\n Borehole DT6 Intersects High-Grade Merensky Reef on the Tjate Project\n\n\n\nJubilee announces excellent results for its borehole DT6 on the Dsjate farm ('\nTjate Project') in the Bushveld Complex of South Africa. The borehole was\nsignificantly stepped out along strike some 500m south of previous borehole DT5\nand approximately midway 500 metres up and downdip of boreholes DT3 and DT2\nrespectively. Drilling has commenced on Borehole DT7 which is positioned and\nstepped out updip of the most westerly boreholes DT2 and DT4.\n\n\n\nHighlights\n\n\n\n• The borehole intersected Merensky reef at the depth of 812m with\n higher than average platinum group metal plus gold grade over higher than\n average reef thickness\n\n\n• The reef showed a weighted average (motherhole plus two deflections)\n grade of 11.24g/t 4E (platinum, palladium, rhodium and gold) over 1.3m reef\n thickness\n\n\n• The motherhole showed a maximum grade of 13.32g/t 4E over a 1.0m reef\n thickness\n\n\n• Continuity of reef dip and extension of reef horizon confirmed\n\n\n• Valuable average nickel and copper values of 0.39% nickel and 0.24%\n copper\n\n\n• Scoping study near completion\n\n\n\nThe results for borehole DT6, which intersected the Merensky reef at 812m, are\nshown in table 1 below:\n\n\n\nTable 1 DT6 Results for Merensky Reef Intercepts\n\n\n Apparent 4E Pt Pd Rh Au Ni Cu Pt:Pd\n\n thickness g/t g/t g/t g/t g/t % % ratio\n\n (cm)\nMotherhole 100 13.32 7.72 4.30 0.34 0.95 0.47 0.35 1.8\nDeflection1 183 11.47 6.27 3.78 0.27 1.15 0.40 0.35 1.7\nDeflection 2 120 9.15 5.20 2.82 0.19 0.95 0.30 0.17 1.8\nWeighted average 134 11.24 6.31 3.62 0.27 1.04 0.39 0.24 1.7\n\n\n\n\n\nColin Bird, CEO of Jubilee and Tjate Project Manager, said: 'These latest\nresults confirm reef dip and the grades are excellent. We are pleased with our\nability now to predict Merensky reef extension and continuity with confidence\nand have commenced drilling our seventh borehole stepped out to the east. Work\ncontinues apace and our scoping study is near completion.'\n\n\n\nThe Dsjate farm is one of three contiguous farms in the Tjate project, which\ncomprises a total 5,143 hectares with an inferred resource of 282 million\ntonnes containing 66 million ounces 5 PGE (p...