announcement out, page-3

re: announcement out/anomaly 4 Drilling underway to determine nickel sulphide find
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Australian-listed Jubilee Mines has announced a new mineralization zone. The new zone of mineralisation is situated around 300 m below surface and about 200 m up-dip of the high grade massive sulphide mineralisation defined at Prospero.

Follow-up drilling to test the prospective basal contact beneath a series of previously announced hanging wall intersections has successfully intersected a new zone of high grade massive nickel sulphides in the targeted position. Diamond drill hole VSD007 intersected a zone of massive and massive-breccia high tenor nickel sulphides on the contact between the footwall felsic volcanic rocks and the overlying ultramafic rocks A second diamond drill hole was drilled about 70 m north of VSD007 and has intersected a 1,2 m interval of massive nickel sulphides on the basal contact. Assays for this hole are awaited.

Subsequent DHEM surveys of VSD007 indicate that a significant conductor is associated with the mineralised intersection, whilst DHEM surveys are also currently underway on BJD145.

When these drilling results are combined with a modelled DHEM conductor from drill hole BJD141, which is located some 140 m away to the north west, it is clear that potential exists for a substantial body of massive nickel sulphides to be present in this position. In order to assess this potential, follow-up drilling is currently underway with a dedicated diamond drill rig being used for this task.

This position is located close to the proposed path of the Prospero decline development, and, as such, could represent an early opportunity to access high grade nickel sulphide mineralisation.

http://www.miningweekly.co.za/min/news/today/?show=70893

So it seems the new drill results indicate not only a potentially large resource increase in the Prospero area but also an earlier startup to mining.

New Assay results should be known in a couple of weeks.

JBM continues to surprise to the upside:)

Cheers.