resource wrap from egoli Jubilee Mines NL (JBM) is advised that follow-up diamond drilling at the Anomaly 4 Prospect, located 3.5km south of its Cosmos mining operations, has returned further high-grade massive nickel sulphide results down-plunge from the intersection announced on 19 July 2005. The Anomaly 4 Prospect lies on the same basal contact position that hosts the high-grade massive nickel sulphide mineralisation at Cosmos, Alec Mairs and Prospero. Two follow-up diamond drill holes have now been completed down-plunge of VSD007 and have confirmed the presence of what is developing into a significant zone of high grade massive nickel sulphides. Results from these latest holes are BJD145 1.13 metres @ 17.8% Ni (assays were pending in the ASX announcement of 19 July 2005), and BJD146 2.83 metres @ 15.5% Ni (includes 1.65 metres @ 21% Ni). The drilling to date has defined an 80 metre down plunge extent of extremely high grade nickel sulphide mineralisation. The mineralised zone remains open in all directions.
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17.8% Nickel & 15.5% Nickel(including higher) are really top notch drill results.
JBM really set the standard as far as Nickel is concerned.
Hedge funds will start buying as market capitization increases.
JBM is still cheap when taking into account forward P/Es, Yields & growth.
There is no boom in the mining sector.
When it comes prices will skyrocket :)
cheers.
JBM
jubilee mines nl
