ASX ANNOUNCEMENT
(ASX Code: JUT)
17 December 2007
HIGH GRADE COPPER &
ZINC DRILL INTERSECTIONS AT LIBERTY-INDEE PROJECT
Highlights
·
High grade copper to
20% and Zinc to 13% found from early drilling at Evelyn
·
10 metre intercept
averaging 6.45% copper, 3.24% zinc, 0.86g/t gold, 67g/t silver
·
Mineralisation
corresponds with 120 metre VTEM conductor anomaly
·
2007 Drilling
program for Liberty-Indee Project completed
High grade copper intersection of 20%
and 13% Zinc found in drilling at the Evelyn prospect.
Ten drill holes have been drilled at the Evelyn
prospect at Jutt’s Liberty-Indee Project. The initial results from 2
drill holes has been received and confirm a poly-metallic occurrence containing
copper, zinc, lead, gold and silver. Highlights of these results are summarised
in Table 1.
Table 1
|
Sample No
|
Drill Hole
|
Interval
metres
|
Au ppm
|
Pb %
|
Cu%
|
Zn%
|
Ag ppm
|
|
153514
|
JER006
|
33-34
|
1.92
|
1.02
|
2.43
|
0.02
|
117
|
|
153515
|
JER006
|
34-35
|
0.90
|
0.44
|
3.55
|
0.02
|
41
|
|
153516
|
JER006
|
35-36
|
0.75
|
2.25
|
20.50
|
0.65
|
101
|
|
153517
|
JER006
|
36-37
|
0.71
|
2.22
|
19.80
|
0.61
|
99
|
|
153518
|
JER006
|
37-38
|
0.74
|
0.69
|
6.04
|
3.47
|
54
|
|
153519
|
JER006
|
38-39
|
1.43
|
1.31
|
3.40
|
13.20
|
87
|
|
153520
|
JER006
|
39-40
|
1.11
|
0.93
|
3.58
|
6.96
|
72
|
|
153521
|
JER006
|
40-41
|
0.59
|
1.08
|
2.48
|
3.73
|
61
|
|
153522
|
JER006
|
41-42
|
0.25
|
0.36
|
1.61
|
2.39
|
24
|
|
153523
|
JER006
|
42-43
|
0.17
|
0.17
|
1.17
|
1.32
|
12
|
|
Average Result
|
10.0m drill width
|
0.86 g/t
(ppm=g/t)
|
1.05%
|
6.45%
|
3.24%
|
2.1 oz/t
(31.5ppm=1oz)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ultratrace Laboratories carried out
the analysis to standard test practices with repeat sampling of a number of
samples and controls.
Exploratory drilling using an RC drill
rig (NQ bit) at 60 degrees declination has confirmed a poly-metallic base metal
occurrence containing copper, zinc, lead, gold and silver.
Drill hole JER006 confirms the
existence of high grade copper, zinc and lead with gold and silver credits. This
result provides proof that the historic Evelyn-Quarmby mines area has potential
for a poly-metallic resource.
However, a vertical width of 8.5
metres can be determined from this single hole.
The mineralisation found in Drill hole
JER006 is associated with a VTEM conductor anomaly of 120 metres extent and
forms part of a line of historical workings of 300 metres in extent.
Figure 1 attached illustrates the
relationship of drill holes and historical workings.
Further results from additional holes are expected
soon and will be released to the market in due course.
Liberty-Indee
Project:
Jutt has completed its 2007 drilling
program at the Liberty-Indee project announced on 23 November 2007. This
follows on from two airborne electromagnetic (VTEM) surveys which outlined
distinct deep conductors and extended the target area to a six kilometre zone.
Twenty eight drill holes covering a length of
approximately 2,100 metres were completed testing the Evelyn, Quarmby prospects
and VTEM targets and samples have been sent for analysis.
Figure 1
About
Jutt Holdings
Jutt Holdings Limited (ASX:JUT) is an
Australian listed resources exploration company, focused on several base and
precious metals exploration projects in Western
Australia.
Jutt Holdings has the rights to acquire major
participating interests in two projects in the Pilbara region of Western Australia, the
Onslow and Liberty-Indee Projects. The Onslow Project consists of two granted
Mining Leases over two prospects, being the Range lead-silver prospect and the
Turtle copper-lead-silver prospect. The Company is currently drilling on its
Onslow project.
The Liberty-Indee Project consists of
two granted exploration licences. A target generation study has identified
eight highly ranked VTEM targets and other targets prospective for copper,
lead, zinc, nickel and gold mineralisation.
The company has recently completed a
2,051 line kilometre electromagnetic survey over the Tay-Munglinup Nickel
exploration tenements in the Ravensthorpe area of WA. Jutt can earn an initial
60% interest in three granted exploration licences, covering 540 square
kilometres. Assessment of the geophysical data over the large survey area is
progressing with initial targets outlined as previously announced.
Visit: www.juttholdings.com
The information in this announcement
that relates to exploration results is based on information compiled by Jutt
Holdings Limited and is based on information provided by Mr Cyril Leslie Geach
BSc (Hons-Geology) who is a member of the Australian Institute of
Geoscientists. Mr Geach 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 “Australian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves”. Mr Geach is an Executive
Officer of Jutt Holdings Limited and consents to the inclusion in the
announcement of the matters based on his information in the form and content in
which it appear.
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