Business
Update on Tjate - Replacement
Update on Tjate - Replacement.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n Jubilee Platinum PLC\n15 December 2005\n\n\nThe following announcement replaces RNS number 6987V. The thicknesses of the\nresults from the UG2 reef (table 2) were stated incorrectly. The full amended\npress release appears below:\n\n\n\n15 December 2005\n\n\n JUBILEE PLATINUM PLC\n ('Jubilee' or 'the Company')\n\n Full results for third step-out borehole DT4 on Tjate Project\n Borehole DT5 intersects Merensky Reef\n\n\nJubilee announces the full results for its third step-out borehole DT4 on the\nDsjate farm ('Tjate Project') in the Bushveld Complex of South Africa. The\nborehole was stepped out a significant 860 metres updip from borehole DT1 and\n460 metres south along strike from borehole DT2. Infill borehole DT5 intersected\nthe Merensky reef on 12th December 2005.\n\nSGS Lakefield Research Africa in Johannesburg carried out the analyses of the\nborehole core samples. This laboratory is SNAS TO169 accredited.\n\nHighlights\n \n• Step out borehole DT4 - fourth hole in succession - intersects the Merensky \n reef ('MR') and UG2 Chromitite reef ('UG2') at projected depths\n \n• Good grades and thicknesses of reefs intersected\n\n• MR shows weighted average grade of 6.42 g/t 4E (platinum, palladium, \n rhodium and gold) and UG2 7.60 g/t 4E; both values include results from two\n deflections\n\n• MR shows significant nickel and copper contributions: 0.28% nickel and \n 0.14% copper\n\n• These results are confirming a mineable resource downdip of existing and \n developing operations for both Merensky and UG2 reefs\n \n• The results support the potential for a stand-alone Merensky mine\n\n• Drilling of the fifth borehole DT5 - infill borehole - intersected the\n Merensky reef at 770 metres\n\n\nColin Bird, CEO of Jubilee and Tjate and Tjate Project Manager, said 'These\nresults further confirm the good PGM and base metal grades on the Dsjate farm.\nOur confidence in the Tjate resource valuation is increasing and our intention\nnow is to focus on establishing an initial Merensky mineable reserve of greater\nthan 3 million ounces, as part of the projected 66 million ounces estimated\noverall resource at Tjate, and commence a feasibility study.'\n\n\nThe full results for borehole DT4 are shown in tables 1 and 2 below:\n\nTable 1 DT4 Merensky reef results:\n\n Apparent 4E Pt Pd Rh Au Ni Cu Pt:Pd\n thickness g/t g/t g/...