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BAU
BAU
BAU - Bauba Platinum Limited - Bauba releases assay and drilling results
BAUBA PLATINUM LIMITED
(formerly Absolute Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: BAU ISIN No: ZAE000145686
("Bauba" or "the Company")
BAUBA RELEASES ASSAY AND DRILLING RESULTS
Bauba Platinum Limited is pleased to announce assay results and drilling
progress on the Southern Cluster of the Bauba Project, situated on the Bushveld
Complex Eastern Limb.
Bauba has completed the drilling of two boreholes, both of which have
successfully intersected the Merensky Reef.
Latest assay results:
Borehole Number 2 (BH 002) intersected the Merensky Reef at a depth of 1 526
metres below datum. The results have revealed a grade (3PGE + Au) of 6.25g/t
over a channel width of one metre.
Previously reported assay results:
The Company previously reported that Borehole Number 4 (BH 004) had intersected
the Merensky Reef at 1 451 metres below datum. Assay revealed an average PGM
grade over a one metre channel of 5.29g/t (3PGE + Au).
Both assay results exceed the Targeted Resource Estimate of 4.60 g/t over a one
metre thickness and are in line with results reported on neighbouring
properties.
Drilling, sampling and internal quality assurance and control (QAQC) are
overseen by consulting geologist, Mr S. Gain. Assays are carried out by
Genalysis Laboratory Services.
Drilling Progress:
Drilling of Borehole Number 12 (BH 012) and Borehole Number 6 (BH 006) is
currently in progress.
The current depth of BH 012 is 1 480 metres, having intersected the Merensky
reef at 1 457 metres below datum. Drilling will continue in order to intersect
the UG2 reef.
BH 006 is currently at a depth of 505 metres below datum.
For further information please contact Pine Pienaar (011 548 7240) or Tracey
Peterson (083 408 7173) or visit www.baubaplatinum.co.za.
Johannesburg
30 September 2010
Date: 30/09/2010 13:20:01 Produced by the JSE SENS Department.
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