Jubilee Metals Regulatory News (JLP)

29 Sep 2005 10:06

Jubilee Platinum PLC29 September 2005 This announcement replaces the Tjate Update which was released today at 9:05amunder RNS number 9293R. An amendment has made to the name of the Laboratorywhich carried out the analyses of the borehole core samples. 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 Dsjatefarm ("Tjate Project") in the Bushveld Complex of South Africa. The borehole wasstepped out some 200 metres along strike and 800 metres along the downdip ofDT2, the second hole. SCS Lakefield Research Africa in Johannesburg carried out the analyses of theborehole core samples. This laboratory is SNAS TO169 accredited. Highlights • Borehole DT3 intersected the Merensky reef ("MR") and UG2 Chromititereef ("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 UG2showed 7.49/gt • The MR showed good nickel and copper contributions: 0.35% nickel and0.29% copper • Results are confirming the presence of a mineable resource downdip ofexisting and developing operations • Drilling of fourth step-out borehole has commenced Colin Bird, CEO of Jubilee and Tjate and Tjate Project Manager, said "Jubileehas completed its third borehole at a significant step-out from its previousboreholes. The results are consistent with our expectations, confirm ourprognosis for reef grade, dip and thickness and provide us with the confidenceto 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 0.21Deflection 1 60 6.85 4.10 2.11 0.20 0.44 0.40 0.19Deflection 2 61 8.93 5.10 2.96 0.24 0.63 0.36 0.19Weighted 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 0.29Deflection 1 83 7.40 3.27 3.26 0.76 0.11Deflection 2 87 7.42 4.14 2.62 0.57 0.09Weighted 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, whichcomprises 5,143 hectares in total with an inferred resource of 282 milliontonnes and 66 million ounces 5PGE (platinum group elements) plus gold of which22.8 million ounces are attributable to Jubilee. Jubilee has a 25% stake in Tjate, together with an earn-in right to a further10% interest by expending ZAR14 million towards a bankable feasibility study. For further information please contact: Colin Bird Cathy Malins / Annabel LeatherJubilee Platinum plc Parkgreen Communications LtdTel: 07768 397 627 Tel +44 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange