Metal-miner in Madagascar find

Exploration miner Jubilee has announced the results of its first borehole drilled on the Lavatrafo property (Londokomanana Project) in Madagascar.

The Londokomanana Project is located about 150 km north of the Madagascan capital Antananarivo.

Drilling intersectd a 70 m-wide multi-metal - nickel-copper-platinum-palladiu - formation at 37 m.

Consulting geologist Hennie Blignault said: “This discovery outside the South African Bushveld Complex is extremely significant in world terms.”

There is potential for large regional development since the combination of geophysics and sampling in the area suggests the system may extend over 35 km.

CEO Colin Bird said: “The size and scope of this discovery bears all the fundamentals required for a world-class resource combining good grades with a suite of metals sought after in the market.

“The thickness of the intersection provides the potential for large-scale mining and the confirmation of our evolving model from the recent geophysics programme, suggests that Londokomanana could develop into a regional, as opposed to a local situation, with some 35 km of ground, some of which has been tested with similar geophysics.

“Further drilling, some 180 metres south and along strike, is confirming continuity of the formation. Results will be released as soon as these become available.”

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