This is part of what was released to the ASX late November 2006....

This is part of what was released to the ASX late November 2006.

"Mount Mason and Mount Ida

• During the quarter Jupiter conducted a mapping and sampling program from Mt Mason to Mt Ida and discovered three new haematite pods (+64% Fe) and an extensive (+12km) eastern zone (+60% Fe).

• The new high grade (+64%Fe) haematite iron discoveries confirms Jupiter’s Central Yilgarn Iron Project (CYIP) to contain multiple high grade hematite zones.

• One of the CYIP’s new discoveries is of massive blue hematite grades 66.25% iron at surface and all impurities are considered low tenor.

• Jupiter has also confirmed through mapping and surface sampling an additional eastern +12km continuous high grade hematite zone between Mt Mason and Mt Ida grading on average over 60% Fe.

• An initial JORC compliant inferred resource was calculated for a small portion (170m) of Mt Mason haematite zone. The Mt Mason Inferred Resource is estimated at 1.8 million tonnes 60.3% Fe, 2.7% Al2O3, 8.5%SiO2 0.051% P and 2.5% LOI..."

Comment:
There have been some Management issues with JMS this year. These now appear to be sorted out.

NOTE from what was released. ONLY 170 metres provided an estimated 1.8 million tonnes. Now work out how much iron ore JMS could have!!!

I wonder what we could be hearing about this in the coming months? Hmmnnn.....