...............40 metres before it should have. Yeeeha!All...

...............40 metres before it should have. Yeeeha!
All looking good.

ASX013-GC-07 ASX:JML
ASX/MEDIA RELEASE 27 March 2007
Jaguar Decline Intersects Ore
• Jaguar decline on target
• Intersected Jaguar ore horizon
• Zinc and copper sulphides 40 metres along strike from reserve envelope
Underground Mining
The Jaguar decline is 95% complete having progressed 1,800m from the portal. It is currently within 50m of the bottom of the primary ventilation and emergency egress shaft. This key milestone has been achieved on target and on budget.
Ground conditions are very good and continue to reflect the Bankable Feasibility Study (BFS) geotechnical expectations and support the likelihood of achieving future mine plan and budget targets.
Jaguar Orebody Intersection
The Jaguar orebody Level 1 Access is 60% complete. This access approaches the orebody along its strike and has intersected mineralisation earlier than expected, some 40m outside the current known ore reserve boundary. The sulphides intersected to date consist of discontinuous zones, up to 1m in width and 1m to 2m in length, of massive, fine grained, sphalerite plus minor chalcopyrite and pyrrhotite.
Mining Program
Intersecting the Jaguar Ore horizon is a major milestone in the development of the Jaguar Project and while the mining schedule going forward is still critical path it provides confidence that the orebody and geotechnical modelling are representative of the mine’s conditions. It is anticipated that mineralisation continuity and width will improve as the access drive approaches the known ore reserve position in early April.
This intersection maintains the Project on target to provide development ore to the Jaguar concentrator in the June Quarter and stoping ore in the September quarter. Initial concentrator feed will be supplied by existing stockpiles of Teutonic Bore sulphide ore.

GZ