JUT jutt holdings limited

lead futures up 10 percent

  1. 3,128 Posts.
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    Hi all,

    It definately ain't the sexiest metal, but for whatever reason Lead seems to be rising nicely in recent times.

    For Jut and it's Onslow Prospects and soon to be released assay results, the timing couldn't be better.

    Also, given the historical results taken from the Range and Turtle Prospects at Onslow.....you can see why.

    Please find below a excerpt from one of Twin Turbo's recent posts...

    http://www.doir.wa.gov.au/wamex/item_details.asp?m_num=3277&sub_num=0

    At Turtle, copper-lead mineralization is controlled by multiple shear zones in a medium to coarse-grained biotite granite. Sulphides (pyrite, pyrrhotite, galena, chalcopyrite, cuprite) occur in quartz and quartz-
    chlorite sheared material with secondary cerussite, malachite and azurite in the oxidized zone. A mineral resource estimate for Turtle was calculated at approximately 90 000t grading 2 to 3% Cu, 10 to 15% Pb and
    <2000 ppm Ag, to 60m depth.

    At Range, lead sulphide mineralization is controlled and restricted to chloritic shears in granodiorite. The mineralization occurs as lenses of massive galena, possibly remobilized disseminated material, and as
    disseminated galena in quartz and quartz-chlorite. Silver grades average 150 ppm, up to 400 ppm in the massive galena. A mineral resource estimate for Range was calculated at 44000t at 45 to 55% Pb plus 15000t at 15% Pb.

    http://www.doir.wa.gov.au/wamex/item_details_rep.asp?m_num=9364&sub_num=1&PageNo=1&Totalrecs=1

    On page 44 it talks about phase 1 drilling and phase 2 drilling at Range. Basically it is saying that Phase 1 was 44,000T at 50% lead and Phase 2 is an additional 140,000T at the same grade....

    Looking like 180,000T at 50% Lead is already been drilled...

    ....finish Twin Turbo excerpt.

    I hold JUTO and accumulating for massive upside. Drilling is underway presently at their Liberty-Indee Prospect near Whim Creek also.

    Hope this helps.

    K-Man
 
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