TIDMAR.
RNS Number : 7820V
Archipelago Resources PLC
18 January 2013
18 January 2013
AIM: AR.
Archipelago Resources plc
("Archipelago" or "the Company")
Encouraging drill results for Jipang prospect at Toka Tindung
Mine
Archipelago is pleased to announce exceptional drill results
from the Jipang prospect, being a further extension to the existing
high grade Kopra deposit located approximately 3km from its 95%
owned Toka Tindung Mine ("Toka Tindung") in North Sulawesi,
Indonesia.
HIGHLIGHTS
Exploration
-- For the year ended 31 December 2012, Archipelago drilled 581
holes totalling 82,391m as part of its targeted near site
exploration campaign.
-- In addition to a number of results published during 2012,
encouraging drill intersections can also be reported for the Jipang
prospect (81 holes for 10,069m), which is located approximately 3km
south of the main Toka Tindung pit. Jipang highlights include:
10m at 16.61g/t Au (JIP089A, 52 - 62m) [including 1m at 42.60g/t Au; 52 - 53m]
17m at 3.81g/t Au (JIP052A, 49 - 66m) [including 5m at 8.49g/t Au; 61 - 66m]
8m at 6.49g/t Au (JIP057A, 102 - 110m) [including 3m at 11.09g/t Au; 103 - 106m]
9m at 7.31g/t Au (JIP066, 72 - 81m)
10m at 4.83g/t Au (JIP068, 65 - 75m)
11m at 6.28g/t Au (JIP068A, 77 - 88m)
4m at 13.21g/t Au (JIP069, 128 - 132m) [including 1m at 36.20g/t Au; 129 - 130m]
18m at 3.94g/t Au (JIP070A, 115 - 133m) [including 4m at 9.59g/t Au; 121 - 125m]
9m at 6.05g/t Au (JIP073A, 67 - 76m)
6m at 10.73g/t Au (JIP076, 68 - 74m)
2m at 17.88g/t Au (JIP096, 70 - 72m) [including 1m at 26.90g/t Au; 71 - 72m]
4m at 8.44g/t Au (JIP097A, 98 - 102m) [including 2m at 15.25g/t Au; 98 - 100m]
7m at 10.00g/t Au (JIP102, 46 - 53m) [including 2m at 21.65g/t Au; 46 - 48m]
7m at 8.83g/t Au (JIP103, 146 - 153m) [including 3m at16.97g/t Au; 147 - 150m]
5m at 7.61g/t Au (JIP106, 130 - 135m) [including 3m at 9.50g/t Au; 130 - 133m]
-- It is anticipated that these results will contribute to an
updated Resource and Reserve Statement, which is expected to be
released in Q1 2013.
2012 Production Results
-- Archipelago will release 2012 production results on 23
January 2013. A conference call will be held for analysts and
investors at 9:30am (London time) and access can be obtained via
the following details:
UK free call: 0808 238 0673 quoting the ID code 89856020
International dial in: +44 (0) 1452 569 335 quoting the ID code
89856020
COMMENT
Commenting on the drill results, Marcus Engelbrecht, Managing
Director and CEO, said:
"The significant drill intercepts encountered at Jipang,
combined with similar results reported throughout 2012, further
demonstrate the prospectivity of Toka Tindung. We expect our
drilling success to continue, with the on-going discovery of high
grade ore supporting expectations for a material increase to our
economically defined gold reserve and mine life."
DETAILS
In addition to Toka Tindung's main pit, ore is currently sourced
from the four high grade southern satellite deposits of Pajajaran,
Araren, Blambangan and Kopra.
Archipelago's 2012 exploration programme involved further
drilling at these known deposits, in addition to the adjacent
mineralised zones. The aim of the programme was to increase the
level of confidence of the Resource, thereby permitting further
conversion of additional ounces to Archipelago's mineral Reserve
category. The programme was also aimed at expanding the Resource by
testing for further mineralisation at depth and along strike. For
the year ended 31 December 2012, Archipelago drilled 581 reverse
circulation and diamond drill holes for 82,391m at Toka Tindung,
the results of which will be included in an updated Resource and
Reserve statement expected to be issued later in Q1 2013.
Please refer to Figure 1, which provides an overview of deposits
and prospect locations under investigation. Archipelago will
continue activities in these locations in 2013.
Figure 1: Prospect Location Map of Toka Tindung
http://www.rns-pdf.londonstockexchange.com/rns/7820V_-2013-1-17.pdf
In addition to intersections published during 2012 for other
prospects, exceptional results can now be reported for drilling
from 81 holes for 10,069m at Jipang. For example, drill holes
JIP89, JIP89A and JIP97A are of note. These were testing strike
extensions. A cross section appears at Figure 2.
Figure 2: Jipang Cross Section
http://www.rns-pdf.londonstockexchange.com/rns/7820V_-2013-1-17.pdf
Significant results for Jipang appear below in Figure 3 and all
drill intercepts >1.00 g/t Au are set out in
Appendix A.
Figure 3: Significant Intercepts for the Jipang Prospect
HOLE FROM TO INT Au Ag EOH Including
ID (m) (m) (m) (g/t) (g/t) (m)
--------- ------- ------- ------ ------- ------- ------- -----------------------------------------
From To Int Au Ag
(m) (m) (m) (g/t) (g/t)
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP052 51.00 54.00 3.00 7.39 4.7 70.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP052A 49.00 66.00 17.00 3.81 8.5 84.00 61.00 62.00 1.00 16.60 14.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP055A 116.00 122.00 6.00 3.87 2.8 160.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP057 80.00 91.00 11.00 2.66 9.4 114.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP057A 102.00 110.00 8.00 6.49 26.6 113.00 103.00 106.00 3.00 11.09 40.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP061A 123.00 130.00 7.00 5.01 18.6 174.00 123.00 126.00 3.00 10.09 36.3
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
143.00 146.00 3.00 3.97 5.0 143.00 144.00 1.00 10.10 9.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
149.00 154.00 5.00 1.91 2.8 149.00 150.00 1.00 6.41 4.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP066 72.00 81.00 9.00 7.31 14.2 168.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP068 65.00 75.00 10.00 4.83 11.1
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP068A 77.00 88.00 11.00 6.28 12.5 108.00 81.00 83.00 2.00 13.20 31.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP069 128.00 132.00 4.00 13.21 8.3 150.00 129.00 130.00 1.00 36.20 26.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP069A 166.00 172.00 6.00 3.79 2.8 204.00 170.00 171.00 1.00 6.47 3.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP070A 115.00 133.00 18.00 3.94 6.7 180.00 121.00 125.00 4.00 9.59 18.3
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP070B 171.00 184.00 13.00 2.37 11.2 192.00 180.00 181.00 1.00 6.84 4.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
182.00 183.00 1.00 5.81 59.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
187.00 189.00 2.00 1.87 1.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP073 60.00 67.00 7.00 3.67 12.6 178.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP073A 67.00 76.00 9.00 6.05 8.8 102.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP076 68.00 74.00 6.00 10.73 17.2 96.00 69.00 74.00 5.00 12.01 12.6
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP079 57.00 62.00 5.00 4.93 18.2 100.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP089 42.00 47.00 5.00 6.69 8.8 100.00 42.00 44.00 2.00 13.95 18.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP089A 52.00 62.00 10.00 16.61 10.1 100.00 52.00 53.00 1.00 42.60 28.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
56.00 57.00 1.00 21.30 11.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
61.00 62.00 1.00 37.40 19.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP096 70.00 72.00 2.00 17.88 27.0 108.00 71.00 72.00 1.00 26.90 29.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP097A 98.00 102.00 4.00 8.44 15.5 186.00 98.00 100.00 2.00 15.25 26.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP102 46.00 53.00 7.00 10.00 41.1 120.00 46.00 48.00 2.00 21.65 27.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
87.00 90.00 3.00 7.47 23.7
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP103 146.00 153.00 7.00 8.83 12.7 175.00 147.00 150.00 3.00 16.97 22.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP105A 170.00 173.00 3.00 6.70 35.0 184.00 170.00 172.00 2.00 7.74 49.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP106 130.00 135.00 5.00 7.61 13.4 186.00 130.00 133.00 3.00 9.50 16.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
Note: for the purposes of the above table, drill results that
have a grade x wide > 20 were considered significant. All holes
are reverse circulation drill holes and angled at between -50 and
-65 degrees.
It is anticipated that the Jipang results will contribute to the
updated Resource and Reserve Statement. Toka Tindung remains highly
prospective and capable of building on Archipelago's already
substantial 2.58m oz Au Resource and 1.47m oz Au Reserve.
COMPETENT PERSON STATEMENT
The information in this release that relates to mineral
exploration results, together with any related assessments and
interpretations, have been verified by and approved for release by
Mr. Graeme Fleming B App Sc (Geol), MAusIMM, a qualified geologist
and full-time consultant for PT. Tambang Tondano Nusajaya, a
subsidiary of Archipelago Resources Plc. Mr. Fleming has sufficient
experience which is relevant to the style of mineralisation and
type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004
edition of the "Australasian Code For Reporting of Exploration
Results, Mineral Resources and Ore Reserves." Mr. Fleming consents
to the inclusion of the information contained in this release in
the form and context in which it appears.
FURTHER INFORMATION
Archipelago Resources
plc
Vice President - Corporate
Affairs +44 20 7523
Matthew Salthouse +65 6535 3419 8000
------------------------------ ---------------- ---------------------- ------------
Canaccord Genuity
Limited
Joint Broker
Rob Collins
Andrew Chubb
------------------------------ ---------------- ---------------------- ------------
Grant Thornton Corporate
Finance
NOMAD
Gerry Beaney +44 20 7383
David Hignell 5100
------------------------------ ---------------- ---------------------- ------------
Liberum Capital
Buchanan Limited
Corporate Communication Joint Broker
Bobby Morse +44 20 7466 Michael Rawlinson +44 20 3100
Gordon Poole 5000 Christopher Kololian 2000
------------------------------ ---------------- ---------------------- ------------
ABOUT ARCHIPELAGO
Archipelago is a producing gold mining company listed on the AIM
market of the London Stock Exchange. Archipelago's vision is to
grow into a respected and regionally dominant mid-cap gold
producer, managing a portfolio of gold mines and delivering
significant value and returns for our shareholders. Archipelago's
principal activities are gold mining and exploration in Indonesia
(as the 95% owner of the producing Toka Tindung Gold Mine in North
Sulawesi, Indonesia).
APPENDIX A: ALL DRILL INTERCEPTS >1.00 g/t Au
HOLE FROM TO INT Au Ag EOH Including
ID (m) (m) (m) (g/t) (g/t) (m)
--------- ------- ------- ------ ------- ------- ------- -----------------------------------------
From To Int Au Ag
(m) (m) (m) (g/t) (g/t)
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP036B 97.00 102.00 5.00 1.68 3.8 170.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP045 79.00 85.00 6.00 2.49 2.6 90.00 80.00 81.00 1.00 9.87 5.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP052 51.00 54.00 3.00 7.39 4.7 70.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP052A 49.00 66.00 17.00 3.81 8.5 168.00 61.00 62.00 1.00 16.60 14.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
63.00 66.00 3.00 6.96 8.3
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP055A 87.00 89.00 2.00 1.64 3.5 160.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
107.00 109.00 2.00 1.43 13.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
116.00 122.00 6.00 3.87 2.8
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP057 80.00 91.00 11.00 2.66 9.4 114.00 83.00 84.00 1.00 10.20 49.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP057A 102.00 110.00 8.00 6.49 26.6 113.00 103.00 106.00 3.00 11.09 40.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP061 95.00 96.00 1.00 7.71 20.0 138.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
107.00 110.00 3.00 6.11 3.5 108.00 109.00 1.00 13.80 8.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP061A 123.00 130.00 7.00 5.01 18.6 174.00 123.00 126.00 3.00 10.09 36.3
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
143.00 146.00 3.00 3.97 5.0 143.00 144.00 1.00 10.10 9.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
149.00 154.00 5.00 1.91 2.8 149.00 150.00 1.00 6.41 4.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP065 90.00 92.00 2.00 7.37 29.0 126.00 90.00 91.00 1.00 12.20 46.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP066 72.00 81.00 9.00 7.31 14.2 168.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP066A 34.00 37.00 3.00 2.09 3.8 110.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
89.00 90.00 1.00 8.11 11.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
97.00 100.00 3.00 5.94 4.3 98.00 99.00 1.00 14.50 8.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP067 131.00 133.00 2.00 4.13 3.0 160.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP067A 149.00 154.00 5.00 3.23 8.4 190.00 150.00 151.00 1.00 6.69 18.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP068 20.00 22.00 2.00 5.34 6.0 84.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
65.00 75.00 10.00 4.83 11.1
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP068A 77.00 88.00 11.00 6.28 12.5 108.00 81.00 83.00 2.00 13.20 31.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP069 128.00 132.00 4.00 13.21 8.3 150.00 129.00 130.00 1.00 36.20 26.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP069A 166.00 172.00 6.00 3.79 2.8 204.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP070 97.00 99.00 2.00 4.43 11.5 150.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
103.00 105.00 2.00 7.85 9.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP070A 115.00 133.00 18.00 3.94 6.7 180.00 121.00 125.00 4.00 9.59 18.3
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP070B 171.00 184.00 13.00 2.37 11.2 192.00 180.00 181.00 1.00 6.84 4.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
187.00 189.00 2.00 1.87 1.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP072 48.00 51.00 3.00 1.36 7.7 60.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP073 60.00 67.00 7.00 3.67 12.6 178.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP073A 67.00 76.00 9.00 6.05 8.8 102.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP074 64.00 65.00 1.00 5.29 15.0 150.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
119.00 123.00 4.00 1.38 1.9
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
135.00 138.00 3.00 1.75 0.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP075 139.00 141.00 2.00 3.11 2.5 150.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
HOLE FROM TO INT Au Ag EOH Including
ID (m) (m) (m) (g/t) (m) (m)
--------- ------- ------- ------ ------- ------- ------- -----------------------------------------
From To Int Au Ag
(m) (m) (m) (g/t) (g/t)
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP076 5.00 7.00 2.00 7.31 10.0 96.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
68.00 74.00 6.00 10.73 17.2
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP076A 100.00 107.00 7.00 2.91 4.0 150.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP077 114.00 117.00 3.00 3.38 74.7 180.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
168.00 171.00 4.00 2.72 5.7
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP078 122.00 127.00 5.00 2.76 5.2 186.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
145.00 149.00 4.00 2.26 11.4
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP079 57.00 62.00 5.00 4.93 18.2 100.00 61.00 62.00 1.00 8.14 20.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP086 56.00 57.00 1.00 5.21 2.0 130.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP089 42.00 47.00 5.00 6.69 8.8 100.00 42.00 44.00 2.00 13.95 18.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP089A 100.00 52.00 53.00 1.00 42.60 28.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
52.00 62.00 10.00 16.61 10.1 56.00 57.00 1.00 21.30 11.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
61.00 62.00 1.00 37.40 19.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP090 31.00 37.00 6.00 2.10 31.0 60.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP096 70.00 72.00 2.00 17.88 27.0 108.00 71.00 72.00 1.00 26.90 29.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP097A 98.00 102.00 4.00 8.44 15.5 186.00 98.00 100.00 2.00 15.25 26.5
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
87.00 90.00 3.00 7.47 23.7 50.00 51.00 1.00 15.10 167
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP102 46.00 53.00 7.00 10.00 41.1 120.00 46.00 48.00 2.00 21.65 27.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
87.00 90.00 3.00 7.47 23.7
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP103 146.00 153.00 7.00 8.83 12.7 175.00 147.00 150.00 3.00 16.97 22.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP104A 98.00 100.00 2.00 1.48 6.5 204.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
191.00 195.00 4.00 4.15 3.3 194.00 195.00 1.00 6.16 4.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP105 79.00 82.00 3.00 3.69 19.2 160.00 80.00 81.00 1.00 7.59 54.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
144.00 147.00 3.00 2.33 5.7
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP105A 170.00 173.00 3.00 6.70 35.0 184.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP106 130.00 135.00 5.00 7.61 13.4 186.00 130.00 131.00 1.00 13.10 36.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP107 174.00 181.00 7.00 2.73 4.8 190.00 177.00 178.00 1.00 6.20 5.0
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
JIP108A 84.00 86.00 2.00 2.03 3.0 146.00
--------- ------- ------- ------ ------- ------- ------- ------- ------- ----- ------- -------
All of the holes are reverse circulation drill holes. True
widths have not been determined. All assays are uncut. Au assayed
by fire assay (50g) and Ag by Atomic Absorption Spectrometer (AAS).
Appropriate duplicate, blank and standard samples were used.
Internal waste is 2m for prospects covered in this announcement.
Hole Inclinations vary between -50deg and -65deg.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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