Perth, Dec 19, 2007 (ABN Newswire) - Ten drill holes have been drilled at the Evelyn prospect at Jutt Holding's (ASX: JUT) Liberty-Indee Project. The initial results from 2 drill holes has been received and confirm a poly-metallic occurrence containing copper, zinc, lead, gold and silver. Highlights of these results are summarised in Table 1.
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Table 1
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Sample Drill Interval Au ppm Pb % Cu% Zn% Ag ppm
No Hole metres
153514 JER006 33-34 1.92 1.02 2.43 0.02 117
153515 JER006 34-35 0.90 0.44 3.55 0.02 41
153516 JER006 35-36 0.75 2.25 20.50 0.65 101
153517 JER006 36-37 0.71 2.22 19.80 0.61 99
153518 JER006 37-38 0.74 0.69 6.04 3.47 54
153519 JER006 38-39 1.43 1.31 3.40 13.20 87
153520 JER006 39-40 1.11 0.93 3.58 6.96 72
153521 JER006 40-41 0.59 1.08 2.48 3.73 61
153522 JER006 41-42 0.25 0.36 1.61 2.39 24
153523 JER006 42-43 0.17 0.17 1.17 1.32 12
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Average 10.0m 0.86 g/t 1.05% 6.45% 3.24% 2.1 oz/t
Result drill (ppm=g/t) (31.5ppm=1oz)
width
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Ultratrace Laboratories carried out the analysis to standard test practices with repeat sampling of a number of samples and controls.
Exploratory drilling using an RC drill rig (NQ bit) at 60 degrees declination has confirmed a poly-metallic base metal occurrence containing copper, zinc, lead, gold and silver.
Drill hole JER006 confirms the existence of high grade copper, zinc and lead with gold and silver credits. This result provides proof that the historic Evelyn-Quarmby mines area has potential for a poly-metallic resource.
However, a vertical width of 8.5 metres can be determined from this single hole.
The mineralisation found in Drill hole JER006 is associated with a VTEM conductor anomaly of 120 metres extent and forms part of a line of historical workings of 300 metres in extent.
Further results from additional holes are expected soon and will be released to the market in due course.
Liberty-Indee Project:
Jutt has completed its 2007 drilling program at the Liberty-Indee project announced on 23 November 2007. This follows on from two airborne electromagnetic (VTEM) surveys which outlined distinct deep conductors and extended the target area to a six kilometre zone.
Twenty eight drill holes covering a length of approximately 2,100 metres were completed testing the Evelyn, Quarmby prospects and VTEM targets and samples have been sent for analysis.
The Liberty-Indee Project consists of two granted exploration licences. A target generation study has identified eight highly ranked VTEM targets and other targets prospective for copper, lead, zinc, nickel and gold mineralisation.
The company has recently completed a 2,051 line kilometre electromagnetic survey over the Tay-Munglinup Nickel exploration tenements in the Ravensthorpe area of WA. Jutt can earn an initial 60% interest in three granted exploration licences, covering 540 square kilometres. Assessment of the geophysical data over the large survey area is progressing with initial targets outlined as previously announced.
Visit:
http://www.juttholdings.comThe information in this announcement that relates to exploration results is based on information compiled by Jutt Holdings Limited and is based on information provided by Mr Cyril Leslie Geach BSc (Hons-Geology) who is a member of the Australian Institute of Geoscientists. Mr Geach has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 edition of the "Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Geach is an Executive Officer of Jutt Holdings Limited and consents to the inclusion in the announcement of the matters based on his information in the form and content in which it appear.
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