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'.
3rd borehole results cocsistant with expectations.