Jubilee Platinum PLC
29 September 2005
29 September 2005
AIM: JLP
JUBILEE PLATINUM PLC
('Jubilee' or 'the Company')
Full results for step-out borehole DT3 on Tjate Project
Jubilee announces the full results for its step-out borehole DT3 on the Dsjate
farm ('Tjate Project') in the Bushveld Complex of South Africa. The borehole was
stepped out some 200 metres along strike and 800 metres along the downdip of
DT2, the second hole.
Set Point Laboratories in Johannesburg carried out the analyses of the borehole
core samples. This laboratory is SNAS TO223 and ISO 17025 accredited.
Highlights
• Borehole DT3 intersected the Merensky reef ('MR') and UG2 Chromitite
reef ('UG2') at projected depths
• Grade and thickness of reefs are consistent with expectations
• MR showed 6.92 g/t 4E (platinum, palladium rhodium and gold) and UG2
showed 7.49/gt
• The MR showed good nickel and copper contributions: 0.35% nickel and
0.29% copper
• Results are confirming the presence of a mineable resource downdip of
existing and developing operations
• Drilling of fourth step-out borehole has commenced
Colin Bird, CEO of Jubilee and Tjate and Tjate Project Manager, said 'Jubilee
has completed its third borehole at a significant step-out from its previous
boreholes. The results are consistent with our expectations, confirm our
prognosis for reef grade, dip and thickness and provide us with the confidence
to commence now with pre-feasibility studies'.
The full results for the borehole are shown below:
Apparent 4E Pt Pd Rh Au Ni Cu Pt:Pd
thickness g/t g/t g/t g/t g/t % % ratio
cm
Merensky Reef
Motherhole 63 5.05 3.18 1.39 0.13 0.35 0.28 0.21
Deflection 1 60 6.85 4.10 2.11 0.20 0.44 0.40 0.19
Deflection 2 61 8.93 5.10 2.96 0.24 0.63 0.36 0.19
Weighted
average 61 6.92 4.11 2.14 0.19 0.47 0.35 0.20 1.92
Apparent 4E Pt Pd Rh Au Pt:Pd
thickness g/t g/t g/t g/t g/t ratio
cm
UG2 Chromitite
Reef
Motherhole 76 7.54 3.13 3.35 0.77 0.29
Deflection 1 83 7.40 3.27 3.26 0.76 0.11
Deflection 2 87 7.42 4.14 2.62 0.57 0.09
Weighted average 82 7.49 3.55 3.08 0.70 0.16 1.16
The Dsjate farm is one of three contiguous farms in the Tjate project, which
comprises 5,143 hectares in total with an inferred resource of 282 million
tonnes and 66 million ounces 5PGE (platinum group elements) plus gold of which
22.8 million ounces are attributable to Jubilee.
Jubilee has a 25% stake in Tjate, together with an earn-in right to a further
10% interest by expending ZAR14 million towards a bankable feasibility study.
For further information please contact:
Colin Bird Cathy Malins / Annabel Leather
Jubilee Platinum plc Parkgreen Communications Ltd
Tel: 07768 397 627 Tel +44 20 7493 3713
This information is provided by RNS
The company news service from the London Stock Exchange
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