Business
Update from Tjate
Update from Tjate.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n Jubilee Platinum PLC\n02 February 2006\n\n\n\n JUBILEE PLATINUM PLC\n\n ('Jubilee' or 'the Company')\n\n\n\n Full results for borehole DT5 on the Tjate Project\n\n\n\n\nJubilee announces the full results for its infill borehole DT5 on the Dsjate\nfarm ('Tjate Project') in the Bushveld Complex of South Africa. The borehole is\nlocated down dip some 350m south west and north east of boreholes DT4 and DT2\nrespectively, representing another significant stepout.\n\n\n\nHighlights\n\n\n\n• The borehole intersected the Merensky horizon and an additional upper\nintercept.\n\n\n\n• The Merensky intercept, at a depth of 779.8m showed a weighted average\ngrade of 18.95 g/t 4E (platinum, palladium, rhodium and gold) over 47.5\ncentimetres (apparent) reef thickness.\n\n\n\n• This intercept included one intersection (motherhole) showing a\nweighted grade of 22.26g/t 4E over 75 centimetres (apparent) reef thickness.\n\n\n\n• The upper intercept, at a depth of 771.8m showed a weighted average of\n5.83 g/t 4E over 58 centimetres (apparent) reef thickness, including one\ndeflection grading 17.56 g/t 4E over 41.5 centimetres (apparent) reef thickness.\n\n\n\n• The Merensky intercept showed significant weighted average copper and\nnickel values of 0.92% nickel and 0.27% copper.\n\n\n\nColin Bird, CEO of Jubilee and Tjate Project Manager, said: 'These drilling\nresults continue to be very positive and the above reef thicknesses provide\nabove-average grades for the Bushveld Complex. The nickel and copper\ncontribution is significant and would constitute about 20% to revenues at\ntoday's prices.'\n\n\n\nThe results for borehole DT5 are shown in tables 1 and 2 below:\n\n\n\nTable 1 DT5 - Merensky Intercept Results\n\n\n Apparent 4E Pt Pd Rh Au Ni Cu Pt:Pd\n thickness g/t g/t g/t g/t g/t % % ratio\n (cm)\nMotherhole 75 22.26 12.58 7.77 0.78 1.13 1.09 0.33 1.6\nDeflection1 20 6.54 3.97 2.15 0.20 0.22 0.27 0.06 1.8\nDeflection 2 No sulphide mineralisation\nWeighted average MH+DF1 47.5 18.95 10.76 6.59 0.66 0.94 0.91 0.27 1.6\n\n\n\n\n\n\n\nTable 2 DT5 - Upper Intercept Results\n\n\n Apparent 4E Pt Pd Rh Au Ni Cu Pt:Pd\n thickness g/t g/t g/t g/t g/t % % ratio\n (cm)\nMotherhole 68 2.24 1.19 0.39 0.06 0.60 0.06 0.05 3.0\nDeflection1 60 12.2 10.13 1.27 0.54 0.23 0.15 0.12 8.0\nDeflection 2 46 2.89 2.03 0.56 0.14 0.17 0.09 0.06 3.6\nWeighted a...