further high grade intersections, page-2

ASX ANNOUNCEMENT (ASX Code: JUT)
8 January 2008
Copper/Zinc/Lead with Gold/Silver Mineralisation Extended in Drill Results at the Liberty – Indee Project Evelyn Prospect and Copper/Zinc/Gold/Silver Drill Results at Quarmby Prospect
HIGHLIGHTS
• Further drill results confirm extension of mineralisation at Evelyn prospect
• 215m strike for Cu-Zn-Pb-Au-Ag poly metallic mineralisation, open ended to the North East
• Best results JER006 20.0%Cu,13.0%Zn: JER008 3.4%Cu, 5.65%Zn: JER004 2.5%Cu, 1.9%Zn, 4g/tAu: JER003 1.0% Cu, 2.6%Zn at Evelyn Prospect
• 2 stoped bodies, one of higher grade occur over a 120m VTEM anomaly delineated at Evelyn prospect,
• Preliminary drilling results from Quarmby Prospect highly encouraging with subsurface mineralisation outlining a stratiform style of deposit
• Anticipate further drill results in 3 weeks
Further encouraging drill results have been received at the Company’s Evelyn prospect confirming the extension of the poly metallic mineralisation announced in the previous drilling update.
Also, results from 2 drill holes out of 9 holes drilled at the Quarmby Prospect have been received and confirms Cu-Zn-Au-Ag mineralisation.
These further preliminary results are summarised in Tables 1 and 2.
Jutt Holdings Limited
Tel. +61 8 6424 9188 Fax. +61 8 9463 7836
Place of Business: 1st Floor, 35 Richardson Street, West Perth, WA 6005, AUSTRALIA
Registered Office: Suite 1, 1233 High Street, Armadale, Victoria 3143, AUSTRALIA
Email: [email protected]
Table 1: Evelyn Prospect
Drill hole #
Cu (%)
Zn (%)
Pb (%)
Au (g/t)
Ag (g/t)
Interval Comm
ents
JER002
0.17
(39m)
12-51m
JER003
0.53
(8m)
38-46m including
JER003
0.43
0.92
5.5
(2m)
42-44m
JER003
1.00
2.55
0.51
0.45
42
(1m)
53-54m
end of hole
JER004
1.55
1.1
0.32
1.9
14.7
(3m)
5-8m
JER006
6.45
3.24
1.05
0.86
67
(10m)
33-43m
JER007
0.97
(2m)
15-17m
JER007
0.15
0.22
(5m)
22-27m
JER007
0.14
0.25
(3m)
29-32m
JER008
1.5
2.8
0.53
0.62
40
(6m)
46-52m
Table 2: Quarmby Prospect
Drill hole #
Cu (%)
Zn (%)
Pb (%)
Au (g/t)
Ag (g/t)
Interval
JQR004
0.79 0.27
0.48
0.85
(4m)
10-14m including
JQR004
1.3
0.2
0.95
1.75
(2m)
10-12m
JQR005
0.11
(3m)
7-10m
Evelyn and Quarmby
The Company is highly encouraged by the assay results of RC drilling (NQ drill bit) from the Evelyn prospect particularly with results between Drill Holes JER003-JER004-JER006-JER008, which confirms a 215 metre record of Cu-Zn-Pb-Au-Ag (CZPAA) mineralisation which requires infill drilling to determine the resource potential. Quarmby is exhibiting a stratiform style of deposit which will be further elaborated on when drill results are received in about 3 week’s time.
Further drill results – Future Drilling
Assay results from 299 remaining samples are expected in about 3 weeks which will provide further information on the entire drill samples from Evelyn, Quarmby and selected VTEM targets drilled in the 2007 drilling program.
Initial results are highly encouraging as the mineralisation occurs from surface. The final results once fully interpreted will enable a follow up drill program to be undertaken to better outline the resource potential