Business
Update on Tjate
Update on Tjate.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n Jubilee Platinum PLC\n04 August 2006\n\n\n4th August 2006\nAIM: JLP\n\n JUBILEE PLATINUM PLC\n ('Jubilee' or 'the Company')\n\n Borehole DT7 Intersects Consistently High-Grade Merensky Reef\n on the Tjate Project, South Africa\n\n\nJubilee announces results for its borehole DT7 on the Dsjate farm ('Tjate\nProject') in the Bushveld Complex of South Africa. The borehole was\nsignificantly stepped out some 200 metres further east and up dip on reef of the\nmost easterly boreholes DT2 and DT4.\n\n\nHighlights\n\n• Merensky reef intersected at a depth of 722.5 metres\n\n• The reef showed a weighted average (mother hole plus three deflections) of \n 7.08g/t 4E (platinum, palladium, rhodium and gold) over apparent 82 \n centimetres reef thickness\n\n• Maximum grade of 11.75 g/t 4E in one deflection over apparent 89 \n centimetres reef thickness\n\n• Average 1.73 platinum to palladium ratio\n\n• Average grade and reef thickness is consistent with the overall average of \n 7.00g/t 4E over apparent reef thickness of 82 centimetres established for \n the seven holes drilled\n \n• Results confirm excellent consistency and continuity of reef dip and\n extension of reef horizon\n\n• Valuable average copper and nickel values of 0.21% nickel and 0.14% copper\n\n\nDetailed results for borehole DT7 are shown in Table 1 below:\n\n\nTable 1 DT7 Results for Merensky reef intersection\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 80 5.30 2.87 1.69 0.14 0.60 0.21 0.17 1.7\nDeflection1 89 11.75 7.20 3.50 0.29 0.76 0.20 0.13 2.1\nDeflection 2 80 4.73 2.51 1.62 0.14 0.46 0.20 0.14 1.6\nDeflection 3 77 5.95 2.98 2.27 0.17 0.53 0.24 0.13 1.3\nWeighted average 82 7.08 3.99 2.31 0.19 0.59 0.21 0.12 1.7\n\n\nColin Bird, CEO of Jubilee and Tjate Project Manager, said: 'These latest\nresults confirm the reef dip and provide us with the comfort of having\nestablished to date consistent high grade results, combined with good reef\nthickness, for the Tjate project. Our scoping study, which is near completion,\nwill be updated to incorporate this latest important data.'\n\nThe Dsjate farm is one of three contiguous farms in the Tjate project, which\ncomprises a total of 5,143 hectares, with an inferred resource of 282 million\ntonnes containing 66 million ounces of 5 PGE (platinum group element...