Jubilee Metals Regulatory News (JLP)

2 Feb 2006 07:00

Jubilee Platinum PLC02 February 2006 JUBILEE PLATINUM PLC ("Jubilee" or "the Company") Full results for borehole DT5 on the Tjate Project Jubilee announces the full results for its infill borehole DT5 on the Dsjatefarm ("Tjate Project") in the Bushveld Complex of South Africa. The borehole islocated down dip some 350m south west and north east of boreholes DT4 and DT2respectively, representing another significant stepout. Highlights • The borehole intersected the Merensky horizon and an additional upperintercept. • The Merensky intercept, at a depth of 779.8m showed a weighted averagegrade of 18.95 g/t 4E (platinum, palladium, rhodium and gold) over 47.5centimetres (apparent) reef thickness. • This intercept included one intersection (motherhole) showing aweighted grade of 22.26g/t 4E over 75 centimetres (apparent) reef thickness. • The upper intercept, at a depth of 771.8m showed a weighted average of5.83 g/t 4E over 58 centimetres (apparent) reef thickness, including onedeflection grading 17.56 g/t 4E over 41.5 centimetres (apparent) reef thickness. • The Merensky intercept showed significant weighted average copper andnickel values of 0.92% nickel and 0.27% copper. Colin Bird, CEO of Jubilee and Tjate Project Manager, said: "These drillingresults continue to be very positive and the above reef thicknesses provideabove-average grades for the Bushveld Complex. The nickel and coppercontribution is significant and would constitute about 20% to revenues attoday's prices." The results for borehole DT5 are shown in tables 1 and 2 below: Table 1 DT5 - Merensky Intercept Results Apparent 4E Pt Pd Rh Au Ni Cu Pt:Pd thickness g/t g/t g/t g/t g/t % % ratio (cm)Motherhole 75 22.26 12.58 7.77 0.78 1.13 1.09 0.33 1.6Deflection1 20 6.54 3.97 2.15 0.20 0.22 0.27 0.06 1.8Deflection 2 No sulphide mineralisationWeighted average MH+DF1 47.5 18.95 10.76 6.59 0.66 0.94 0.91 0.27 1.6 Table 2 DT5 - Upper Intercept Results Apparent 4E Pt Pd Rh Au Ni Cu Pt:Pd thickness g/t g/t g/t g/t g/t % % ratio (cm)Motherhole 68 2.24 1.19 0.39 0.06 0.60 0.06 0.05 3.0Deflection1 60 12.2 10.13 1.27 0.54 0.23 0.15 0.12 8.0Deflection 2 46 2.89 2.03 0.56 0.14 0.17 0.09 0.06 3.6Weighted average 58 5.83 4.49 0.74 0.24 0.36 0.10 0.08 6.0 The Dsjate farm is one of three contiguous farms in the Tjate project, whichcomprises a total 5,143 hectares with an inferred resource of 282 milliontonnes containing 66 million ounces 5 PGE (platinum group elements: platinum,palladium, rhodium, iridium and ruthenium) and gold, of which 22.8 millionounces are attributable to Jubilee. Jubilee has a 25% stake in Tjate, with an earn-in right to a further 10%interest by expending ZAR14 million towards a bankable feasibility study. SGS Lakefield Research Africa in Johannesburg carried out the analyses of theborehole core samples. This laboratory is SNAS TO169 accredited. For further information please contact: Colin Bird Justine Howarth/Annabel LeatherJubilee Platinum plc Parkgreen Communications LtdTel: +44 (0)20 7584 2155 Tel +44 (0)20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange