Just a couple of weeks ago the stock price was in the 20 cents CN range, so I think the .30 range is doable..above on the Thread heading is the Carlson On Line News Releases, I will post Vital Sections on two that I am waiting CONFIRMATION and SUBSEQUENT news on, any time so the big questionis the current managment team in line, on schedule, ahead of schedual, working in current shareholders interests, capable of timly intervention by negioating with major companies ( IE -already did with a final on Phelps Dodge in Dec 1997)so; to all these I say yes. They are capable and that is why I have purchased more shares at these half a USD quarter LEVEL as recently as this week. Yes, management has more HIGH POUNDAGE PROPERIERS and I like the word...Billions of POUNDS, don't you all really?? Links:
YARDLEY, SANTA CRUZ COUNTY, ARIZONA.
>JABA's 100 percent owned Yardley prospect has resulted from
>another application of innovative thinking and aggressive action.
<....I deleted the Body see original refered to link to supplement
Surface geochem
>is promising, and the geophysics is outstanding. The target is
>porphyry copper- moly and/or copper-zinc skarn, and a multibillion
>pound find is reasonable. Drill hole Y-97-1 cut 600 feet of
>altered volcanics and then 400 feet of copper-anomalous
>actinolite-magnetite skarn; we confidently await completion of a
>ground or low-altitude magnetic survey, and final negotiation with
>a joint venture partner, before further drilling-based Phase 2 exploration.
>NIKO, STATE OF CHIHUAHUA, MEXICO.
>25 kilometers east of the mining town of Naica lies a low range of
>hills that are the Niko property. Naica hosts a world-class, 25-
>million-tonne poly-metallic silver-zinc-lead-copper-gold ore body
>in altered limestone that has been mined continuously and
>profitably since the late 1800's.
<....I deleted the Body see original refered to link to supplement>
The same veinlets and other favorable signatures
>such as silica- sulfide nodules in breccias and a manganese
>cemented breccia pipe are found at Niko. JABA management
>considers the Niko area an exciting prospect for a major deposit
>of silver, zinc, lead, copper-gold production. Negotiations with
>a major joint venture partner are currently underway.
>
And I add from my file info as was deleted from Carlson due to age..and still outstanding: ( see jaba.com )
Jaba Inc -
Apache first phase drill results
Jaba Inc JBA
Shares issued 13300332 1997-02-17 close $2.05
Tuesday Feb 18 1997
Mr Donald Sharpe reports
The company has received the results from the first phase of drilling at its wholly owned Apache project in southeast Arizona. Twelve RC holes averaging 360 ft deep were completed for a total of 4305 ft in the Great American mine area. The drill program cut 29 intervals of mineralized jasperoid in runs from 15 to 100 ft thick, as well as generally unmineralized host limestone. Although the highest grade five foot sample ran 5.6 ppm (0.2 opt) Au and +100 ppm (three opt) Ag, grades of 1-2 ppm Au are less common than anticipated. Preliminary evaluation indicates that the GAM is not a large tonnage, low grade auriferous deposit as originally speculated, tending more to lower tonnages of medium to high grade.
Earlier Jaba releases cited 112 assays taken at the GAM in 1980 that averaged 0.17 opt Au. Jaba has confirmed these values with further underground sampling where 15 of 30 channel samples assayed +0.1 opt Au, with values up to 0.635 opt Au and 162 opt Ag. The GAM clearly has high grade areas, but, as is common in drilling bonanza-type epithermal systems, they are under-represented at the points of penetration by Jaba's drilling.
The Apache project, in the north end of the Swisshelm Mountains of southeastern Arizona, is in two parts, the Great American mine and the North Swisshelm jasperoid field. Jaba has leased the Great American and has acquired mineral rights to over 19 square miles covering other jasperoid outcrops. Initial geochem sampling has revealed broad areas of anomalous mineralization, generally coincident with jasperoid silicification. Phase 2 drilling will proceed when geochemical results and the results of phase 1 drilling are compiled.
The Apache project is part of an epithermal jasperoid/silver-gold metallotect running from north of the Commonwealth mine (11 million ounces silver, 150,000 ounces gold produced, eight million tons of 0.03 opt gold reserves) 50 miles southeastward to the Mexican border, with more than 20 prospective targets in between. Within this trend, mineable reserves occur in the adjacent Dos Cabesas, Dragoon, and Chirachua Mountains, and at Mexican Hat. Jaba remains confident that significant new discoveries will be made at Apache and along the Apache trend.
Jaba's winter drilling program has now moved to the Silver Bell copper target, where an 11,000 ft drill program commenced in early January. Following Silver Bell, the drill rig will move to Jaba's copper prospects at Yardley, Arizona and Maggie's Creek, Arizona. As well, Jaba's 90% owned subsidiary, Compania Minera Jaba SA de CV, will commence a 5,000 ft drill program at its copper-gold skarn target at Seri in Sonora, Mexico by mid-March.
Now Threaders, I didn't even mention Hay Mountain much, did I?
Chucasaystheywillpullthisoff-THETURNAROUND!
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