<<..and thirty feet of 310 to 520 ppm Cu were reported in the gravels,.. That translates to .10 thro .15 OPT CU ( Copper) as I read in The Northen Miner last year ther economic amount for copper is 7% or a little off here depending is Metric Ounce or so I say .1 ish is way above .7 % RE NEWS TODAY from CSW: Hang on Snoopy, Snoopy HANG ON!!! ....it's that Lucy Murphy that I worry about! Not to mention Linus Pauling doctoring things up like vitamine "C" when we need Coloidal Copper and Silver!
<<..Subject: Stockwatch: Jaba Inc - News Release
To: bondee@ma.ultranet.com
Preliminary drill results in Arizona and Mexico
Jaba Inc JBA
Shares issued 20,054,550 Jun 12 close $0.21
Fri 12 Jun 98 News Release
Mr. James Briscoe reports
Phase 1 drilling has been completed by Cyprus Metals and its affiliates at
two Jaba properties in two separate joint ventures. Eight reverse
circulation holes have been completed at Mammoth Wash in the Silver Bell
district of Arizona, and seven have been bottomed at Opata, near Cumpas,
Sonora, Mexico.
Mammoth Wash
This Silver Bell project was designed to seek out the shallowly-buried,
fault-displaced western half of Asarco's North Silver Bell porphyry copper
deposit, the SX-EW-based mining of which was begun by Asarco late in 1997.
Two of the new Cyprus holes bottomed in propylitized monzonite, three in
hematite-stained or propylitized Cretaceous sandstone, and three were
terminated (at 652, 700, and 1080 feet) in post-ore gravel. Not all assays
have been returned, and results are yet to be fully interpreted. Four
hundred and thirty feet of 310 to 520 ppm Cu were reported in the gravels,
but neither sulphides nor anomalous copper were seen in the altered
monzonite. The easy target remains hidden, and Jaba plans interpretation of
multi-element analyses to see if the rocks pierced provide lateral guides
for phase 2 drilling. Jaba is aware that a significant airborne EM anomaly
is known by another company to occur on the property; efforts to obtain
that data (perhaps through another JV) will continue to be vigorously
pursued prior to further drilling.
Opata
Neither drill logs nor assays have yet been received from the Opata RC
holes, where drilling was intended to penetrate a gravel-filled
down-dropped fault block, or graben, thought to conceal the heart of a
porphyry copper system. Again, gravels were thicker than was expected. No
enrichment blanket or altered porphyries were noted by the project field
geologists, but drill cuttings have yet to arrive for scrutiny at the
Tucson office. Here again, multi-element analyses may provide directional
information for further testing, depending upon copper assays in, and the
nature of, units penetrated.
Jaba management would prefer to report ore intercepts starting with hole 1
in both JVs, but major ore discoveries are almost never made that way.
Management remains realistically optimistic about Mammoth Wash and Opata
subject to viewing, reviewing, and reinterpreting the data with the
company's own techniques. Further news releases will be made as those
reviews progress.
canada-stockwatch.com
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