Reconnaissance exploration in Ambodilafa has identified a major largely unexplored ultrabasic intrusion, some 20km N-S long and 4km E-W wide, where previous limited drilling in the 1970s by the Bureau de Recherché des Minerais (BRGM) included a 93m intersection of disseminated pentlandite and chalcopyrite sulphides averaging 1% copper equivalent. A geophysics programme with follow up drilling is scheduled for fourth quarter 2005 (refer photo 1).

The reconnaissance also discovered new gold mineralisation in the historic Bebasy mine area (south west corner of the Ambodilafa concession), in which mined historic grades of 13 to 18 g/t gold were reported. (Refer photo 2)

Chip samples taken from newly exposed quartz veins in the area showed 42g/t and 108g/t gold

Refer to Madagascar Map for Location

South East view over Ambodilafa

Source: Jubilee Platinum plc

View over Ambonitra – Gold prospect

Source: Jubilee Platinum plc