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Cours Or & Argent

Jupiter Mines Ltd

Publié le 30 janvier 2009

High Grade Hematite Mineralisation Intersections From Central Yilgarn Iron Project

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Jupiter Mines Limited (ASX: JMS)

 

ASX RELEASE                                                                                                            30 January 2009

 

HIGH GRADE HEMATITE MINERALISATION INTERSECTIONS FROM CENTRAL YILGARN IRON PROJECT

KEY POINTS

 

?                    Significant high grade hematite intersected at Mt Mason Prospect, including:

 

                Hole 08RCMM001

-          17m @ 58.4% Fe from 13 metres

-          15m @ 60.5% Fe from 36 metres

-          21m @ 65.4% Fe from 59 metres

 

                Hole 08RCMM002

                  -     2m @ 57.8% Fe from 60 metres 

 

?                    Hole 08RCMM001 returned a total of 53 metres of high grade iron mineralisation 

?                    All assays have now been returned for Mt Mason and Mt Ida

?                    An upgraded resource model will be completed for Mt Mason in February

 

Jupiter Mines Limited (ASX: JMS) is pleased to announce further high grade iron results from its Central Yilgarn Iron Project (CYIP) in Western Australia.

 

All assay data from the Mt Mason Prospect has now been received following the receipt of assay results from two re-sampled holes, 08RCMM01 and 02. In total 20 holes were drilled on the Mt Mason Prospect with the hole locations shown in Attachment 1.   

 

The assays returned from hole 08RCMM01 confirmed 53m of high grade iron mineralisation which lies close to other high grade hematite intersections previously reported at Mt Mason, 08RCMM09 (61m @ 65.5% Fe from 16m), 08RCMM013 (64m at 60.6% Fe) and 08RCMM014 (64m at 60.5% Fe) indicating a significant zone of hematite mineralisation (see Attachment 2). 

 

The significant hematite mineralisation intercepts from this program will add to the assay data base used to calculate a new inferred resource for Mt Mason, which has a current inferred resource of 2.2 million tonnes at 60.6% Fe. A new inferred resource model for Mt Mason will be calculated in February.

 

The Central Yilgarn region remains a key focus for Jupiter and results from the Company?s 2008 drill campaign have reinforced the area?s significant iron ore exploration potential.

 

Yours faithfully

Jupiter Mines Limited

Greg Durack

Chief Executive Officer

 

The potential quantity and grade of the of the inferred resource at Mt Mason, and also any potential resource at CYIP are conceptual in nature and are for exploration purposes only. There has been insufficient exploration and valuation to define a mineral resource and it is uncertain if future exploration will result in the determination of a mineral resource.

 

 

 

Exploration Manger: Charles William Guy Competent Person

The information in this announcement that relates to Exploration Results is based on information compiled by Mr Charles William Guy who is a Member of the Australian Institute of Geoscientist and a full- time employee of Jupiter Mines Limited.  Charles William Guy has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that 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?. Charles William Guy consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears Charles William Guy holds the position of Exploration Manager with Jupiter Mines Limited.

 

Mining Consultant- David Milton (Mt Mason Inferred Resource) Competent Person

The information in this report that relates to Mineral Resources of Mt Mason is based on information compiled by Mr David Milton, who is a Member of the Australian Institute of Mining and Metallurgy and a full time consultant. Mr David Milton has sufficient experience in the type of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the December 2004 Edition of the Australasian Code for reporting Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion in the report of the matters based on his information in the form and the context in which it appears.

 

 

Attachment 1: Mt Mason Prospect Drill Hole Locations

 


Attachment 2: Drill Hole Highlights - Mt Mason

 

Hole

Depth from

Depth

 to

Interval

m

Fe%

Al2O3%

P%

SiO2%

LOI%

Mt Mason Hematite

08RCMM001

13

30

17

58.4

3.99

0.05

0.03

5.49

08RCMM001

36

51

15

60.5

3.20

0.06

0.01

3.24

08RCMM001

59

80

21

65.4

1.48

0.06

0.004

1.81

08RCMM002

60

62

2

57.8

0.75

0.09

14.25

2.01

Mt Mason Magnetite

 

 

 

 

 

 

 

08RCMM002

76

96

20

34.8

0.14

0.07

48.5

0.36

 

 

 

 

 

 

 

 

 

Mt Mason - Previously Released Data

 

 

 

 

 

08RCMM003

70

81

11m

60.3

0.92

0.1

9.63

2.88

08RCMM004

30

44

14m

64.1

2.43

0.04

3.6

1.96

08RCMM004

48

53

5m

59.8

4.2

0.07

7.21

2.61

08RCMM005

 

No significant mineralisation

 

 

 

 

08RCMM006

6

8

2m

61.7

2.06

0.05

7.38

2.18

08RCMM007

 

No significant mineralisation

 

 

 

 

08RCMM008

4

8

4m

57.1

2.02

0.05

11.1

4.76

08RCMM009

16

77

61

65.5

1.89

0.03

3.09

1.21

08RCMM010

34

41

7

61.5

3.87

0.05

5.7

2.22

08RCMM010

48

59

11

61.9

1.57

0.08

6.15

3.41

08RCMM010

61

65

4

61.3

2.99

0.08

5.85

3.16

08RCMM010

66

70

4

55.2

1.69

0.07

15.79

3.08

08RCMM011

16

20

4

57.3

1.62

0.03

11.82

5.05

08RCMM012

 

No significant mineralisation

 

 

 

 

08RCMM013

22

86

64

60.6

3.86

0.07

4.88

2.50

08RCMM014

18

82

64

60.5

3.7

0.074

5.56

3.44

08RCMM015

 

No significant mineralisation

 

 

 

08RCMM016

0

5

5

57.14

4.59

0.029

8.89

3.97

08RCMM017

 

No significant mineralisation

 

 

 

08RCMM018

6

30

24

63.52

2.19

0.043

4.78

1.96

08RCMM018

36

46

10

62.03

4.07

0.045

4.49

2.29

Mt Mason Magnetite

08RCMM998

50

90 

40 

42.63 

0.73

0.06 

35.45 

-1.45

08RCMM999

24 

86 

62 

38.14 

2.17

0.06 

38.80 

0.67

 

 

 

 

 

 

 

 

 

 

 

-                      All RC drill holes at CYIP are vertical  

-                      ALS Chemex Analysis ME-XRFII, OA-GRA05 LOI1000

-                      The Hematite grades reported in the intersection are a calculated weighted average of the assays from the individual metre intervals with a cut-off grade of 55.0% Fe and internal dilution of up to 3m.

-                      Magnetite grades reported in the intersection are calculated weighted average of the assays from metre intervals with a cut-off grade of 25% and internal dilution of up to 4m

 

 

 

Attachment 3: Mt Mason Drillhole locations

 

 

Mt Mason Drillhole locations

Hole ID

Easting

Northing

EOH

Dip

Azimuth

08RCMM001

243424

6776265

80

90

0

08RCMM002

243467

6776207

80

90

0

08RCMM003

243451

6776315

80

90

0

08RCMM004

243320

6776230

80

90

0

08RCMM005

243237

6776252

100

90

0

08RCMM006

243295

6776158

100

90

0

08RCMM007

243405

6776126

100

90

0

08RCMM008

243448

6776138

100

90

0

08RCMM009

243367

6776263

100

90

0

08RCMM010

243408

6776281

100

90

0

08RCMM011

243269

6776227

100

90

0

08RCMM012

243275

6776276

100

90

0

08RCMM013

243334

6776307

100

90

0

08RCMM014

243365

6776342

100

90

0

08RCMM015

243578

6775889

100

90

0

08RCMM016

243635

6775806

100

90

0

08RCMM017

243661

6775775

100

90

0

08RCMM018

243499

6775826

100

90

0

08RCMM999

243805

6775795

91

90

0

08MMRC998

243887

6775719

97

90

0

 

 

 

 

 

 

MGA ZONE 51   

 

 

READ CORPORATE
Public Relations Corporate Communications
T: (+61-8) 9388-1474 | F: (+61-8) 9388-1472 | E: info@readcorporate.com.au | Web: www.readcorporate.com.au 

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<

Jupiter Mines Ltd

CODE : JMS.AX
ISIN : AU000000JMS1
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Jupiter est une société d’exploration minière d'or basée en Australie.

Jupiter détient divers projets d'exploration en Australie.

Ses principaux projets en exploration sont CENTRAL YILGARN, WIDGIEMOOLTHA et OAKOVER en Australie.

Jupiter est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 237,8 millions AU$ (160,6 millions US$, 144,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 janvier 2011 à 0,87 AU$, et son plus bas niveau récent le 04 octobre 2013 à 0,04 AU$.

Jupiter possède 1 486 456 465 actions en circulation.

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Projets de Jupiter Mines Ltd
08/01/2013Mount Ida Resource Upgrade
05/09/2012Mt Ida Magnetite Resource Increases 132% to 1.2Bt
15/03/2011Robust Scoping Study Delivered on the Mt Ida Magnetite Proje...
23/07/2010(Oakover)Oakover Manganese Project: First Drill Program Intercepts Si...
10/12/2009(Central Yilgarn)Conceptual Exploration Target Of 1.1 - 1.3 Billion Tonnes Fo...
30/11/2009High-Grade Magnetite Mineralisation Intersected At Mt Ida
23/02/2009(Central Yilgarn)Substantial Increase In High-Grade Hematite Resource At Mt M...
30/01/2009(Central Yilgarn)High Grade Hematite Mineralisation Intersections From Centra...
26/11/2008(Widgiemooltha)Nickel Mineralisation Intersected at Cassini Project, Widgie...
25/09/2008(Central Yilgarn)High Grade Hematite and Magnetite Mineralisation Intersectio...
26/08/2008(Central Yilgarn)Central Yilgarn Iron Project: Exploration Program Update
16/04/2008(Widgiemooltha)Drilling Commences at Widgiemooltha Nickel and Gold Targets
Communiqués de Presse de Jupiter Mines Ltd
16/12/2013News Release
17/10/2011to undertake on-market share buy-back
28/07/2011June 2011 Quarterly Activities Report
28/07/2011Change of Registered Office and Principal Place of Business
28/07/2011June 2011 Quarterly Cashflow Report
27/06/2011June 2011 - Investor Presentation
09/05/2011Richard Mehan appointed as Jupiter CEO and MD
06/07/2010RRR and Jupiter
06/11/2008' Shareholders to Consider Proposal from Pallinghurst Resour...
19/09/2008Signs Heads of Agreement for Iron Ore Off-Take with Haoning ...
26/05/2008Drilling to Commence at Mt Mason Iron Ore Prospect
16/05/2008Mines Formal Agreement to Acquire Iron Ore Rights at Pardoo
07/05/2008 Secures Strategic Alliance with Haoning Group
30/04/2008 Quarterly Activities Report
17/04/2008Secures Option Agreements Over Two New Nickel Projects
12/02/2008 Encouraging Intersections of Iron Ore From Brockman Iron Pr...
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