R.A.; Ra- Ra Shist (Gneiss ?) Bomb - Ba!!! Jaya Jaba -Dabba DOOOOO! Gots the First Newsletter Rec from Good Ol' ....Jay Taylor! So I hear, thru the vein, Grapevine? Damn, as I always said since last June, Damn...the Guy Takes Notes! Here is the S.I Hotlink on Jay "notes!" ( techstocks.com ) and something from a private message board that I write at( we own it so to speak so it ain't copywrited! Well, we leaseit!): From SI I put above first:
Now My recent message on our private company MB:
DC Plasma is a newtech assay/Similar to Mars Rover ICPM tech /Light Assays/ Gi-Go reversed to what comes out is the metal, that is; The Constant!!
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Posted by Chuca Marshall on May 02, 1998 at 18:17:46:
Jay Taylor is a newsletter writter who durring the MG Tour this summer, impressed me with his note taking abilities. The man studies! Here is his recent article on the Link, though not mentioning all of OUR specifics; as he highlights other of a mirriad of EXPENSIVE NEWTECH Methodiadiallogies! ( Don't ask-just read it!) But SFA assay is not the Benchmark anymore, it is a start, not an End! This is our start, we are NOT FINISHED YET:
Fire Assay and Desert Geology 101; and why Geo-202 is now used!
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Follow Ups: JAY T AGAIN, strikes is a good word, he hits it on target!
miningstocks.com
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What Jay Keys in on some just told me, WOW! Samo, Jayo! He can pick em!
""Management
When it comes to exploration expertise, the management has literally
written the book on discovering ore deposits. Several years ago, I
purchased a copy of The Geology of Ore Deposits, which I immediately
recognized on display at JABA's booth at the Toronto Resource & Energy
Investment Conference last month. The author, John M. Guilbert, Ph.D.,
Professor Emeritus Economic Geology, University of Arizona, is Chairman of
the Board of this virtually unknown company. Dr. Guilbert was
instrumental in the development of the Bajo de la Alumbrera deposit in
Argentina, one of the largest and lowest cost porphyry copper-gold deposits
in the world and he has become internationally known for the co-development
of the model of porphyry copper deposits. The company's CEO is James A
Briscoe, a geologist who is credited with finding a major gold deposit in
California, co-discovering the Wind Mountain gold mine in Nevada and a
strong hand in discovering the McDermitt ...Mine"" I had to stop here...so it is the name that has a different spelling! As the MM sog.
Now, I have to scrape some more BY MR Jay Taylor, of J.T. Gold and Gold Stocks ( He actually used a STENO Pad while all 40 of us were around talking Stocks in a 5 hours breakdown at a Rest Area! ) ChucasaysSEE:
miningstocks.com
Content-Disposition: inline
JABA Inc.
Traded: Alberta - JABA
Shares Outstanding: 20,054,550
Fully diluted: 27,981,768
Hotline Recommendation: 4/4/98 @ $0.26
Price 4/29/98: $0.25
Float: 16,452,134
Quality Rating: "C"
Now is the time you can find some amazing bargains among mining companies.
The big question is whether these companies can survive the current market
downturn without issuing a zillion shares. JABA is not only a company that
will weather the existing industry downturn, but one that also has an
excellent chance to uncover one or more world class mines. Financially, the
company will retain life because its joint-venture partners are providing
virtually all the serious financing to explore and develop several
properties as a follow-up to preliminary surface work carried out by JABA.
In my view, the probability of this company discovering a major precious
metals/base metals deposit is greatly enhanced by: 1) A highly proven and
innovative mine finding management team, and 2) A portfolio of 20+ highly
prospective properties upon which most preliminary exploration work has
been completed.
With twenty properties in JABA's portfolio, space will not allow us to
describe them all in the detail we might provide were JABA a two-or-three
project company. What follows is a brief description of the three
properties currently farmed out to joint-venture partners who are earning
into them. By the end of the year, management anticipates having 6 to 10 of
its 20 properties joint ventured. Be sure to listen to our weekly hotline
messages to keep abreast of the company's efforts to sign on more
joint-venture partners as well as for exploration results on the properties
that are now being drilled or about to be.
Management
When it comes to exploration expertise, the management has literally
written the book on discovering ore deposits. Several years ago, I
purchased a copy of The Geology of Ore Deposits, which I immediately
recognized on display at JABA's booth at the Toronto Resource & Energy
Investment Conference last month. The author, John M. Guilbert, Ph.D.,
Professor Emeritus Economic Geology, University of Arizona, is Chairman of
the Board of this virtually unknown company. Dr. Guilbert was
instrumental in the development of the Bajo de la Alumbrera deposit in
Argentina, one of the largest and lowest cost porphyry copper-gold deposits
in the world and he has become internationally known for the co-development
of the model of porphyry copper deposits. The company's CEO is James A
Briscoe, a geologist who is credited with finding a major gold deposit in
California, co-discovering the Wind Mountain gold mine in Nevada and a
strong hand in discovering the McDermitt mercury mine in Nevada (now
exhausted), which was the second largest mercury mine in the world.
Mr. Briscoe was President of a very successful private consulting company
for 15 years, which preceded the public company, JABA Inc. He along with
Dr. Guilbert are providing investors with an ability to benefit from their
"intellectual property." I believe it is hard to find a junior mining
company with so much exploration expertise and so many excellent properties
at such a low cost. Given a 20 property portfolio staked by two of the
best exploration minds in the business, the probability would seem to be
rather good that one or more of its copper/gold targets will evolve into a
producing mine and perhaps one of world class size. At its current price
of around $0.25, I believe this stock is highly attractive for speculative
investors who understand the risks/reward tradeoff of a well-managed junior
exploration company.
Mammoth Wash Project
Silver Bell, Arizona
During this past April, Cyprus Metals began drilling on this
copper-molybdenum target to test the possible offset extension of the 2.8
billion pound Silver Bell copper mining district. The theory here is that
the Mammoth Wash project hosts the fault-displaced western half of the
North Silver Bell deposit hidden under a thin gravel cover. The property
covers a 7.2 sq. mile area. Cyprus can earn a 50% interest in the project
by spending $2 million in exploration and paying JABA $200,000 over 4 years
in quarterly increments. Cyprus is obligated to complete 6,000 feet of
reverse circulation drilling within the first 4 months. Upon completion of
this obligation, Cyprus may then earn an additional 20% interest by
completing a bankable feasibility study and paying JABA $1 million, if
completed by February 2003 or $2 million if completed no later than
February 2004.
Drilling to test the theory that a faulted section of North Silver Bell
lies on the JABA claims got under way earlier this month. As many as 20
hole locations have been permitted and six thousand feet of drilling is
called for in the joint-venture agreement with JABA. Holes will be of
variable depth depending on the thickness of cover. The large number of
permitted locations allow new holes to be positioned strategically in
relation to information from previously drilled holes. Results will be
released as soon as practical after completion of the 6,000-ft. drill
program.
Although the primary target here is the portion of the North Silver Bell
mineralization, geochemistry and geology suggest other targets may also be
present here as well. The entire Silver Bell porphyry system is now
recognized to be a volcanic caldera and as such is considered prospective
ground. On the western edge of this caldera is JABA's Gap Tank project,
which is available for a joint-venture arrangement.
OPATA Copper Project
Sonora State, Mexico
The company holds a second joint-venture project with Cyprus on the Opata
property, located along a trend of very large copper (and molybdenum)
deposits that extend from northwest Arizona through the Opata project.
Thirty-seven miles to the north is the La Caridad world-class open-pit
porphyry copper mine with a resource of 11.2 billion pounds of copper
averaging a grade of 0.7% copper in the chalcocite blanket ore plus
molybdenum averaging a grade of 0.012% according to a report in 1991. Based
on geological work carried out on the property and based on one shallow
hole drilled into one of several breccia pipes on the property by Anglo
American Mining Company in 1972, the property appears to hold the potential
to contain disseminated leachable copper ore. Management believes evidence
for the existence of enriched chalcocite blanket, within this potentially
major porphyry copper zone, makes this property a very attractive target.
Cyprus can earn a 50% participating interest in the property by spending $2
million in exploration and by paying $300,000 to an underlying private
landowner over 4 years. The agreement includes a firm commitment for Cyprus
to complete 6,000-ft. of reverse circulation drilling within the first 4
months. Cyprus may earn an additional 20% interest (for a total of 70%) by
completing a bankable feasibility study and by paying JABA $2 million
within six years from the date of the joint-venture agreement. Cyprus and
JABA will then be obligated to pay their pro-rata share of a payment of
$2,635,000 due to a property owner.
East Silver Bell Project
Silver Bell, Arizona
This 8,920-acre property adjoins the Asarco property and overlies the east
extension of the Silver Bell District. Geological evaluations by the JABA
team have identified four porphyry copper targets on this property. The
four targets were discovered by in-house detailed evaluation of the entire
Silver Bell District using satellite imagery analysis, aeromagnetic
surveys, high-precision ground magnetic surveys, geochemistry and
compilation of high-precision CAD geologic maps.
Valerie Gold Resources, a well-funded junior mining firm, can earn a 60%
interest in the East Silver Bell property by spending $4 million in
exploration and paying JABA $401,696 over four years. The agreement
includes a firm commitment for Valerie to complete at least 4,000 feet of
reverse circulation or diamond core drilling within the first year. Upon
completion of the terms of the earn-in, Valerie may earn an additional 10%
interest (total 70%) by completing a bankable feasibility study, arranging
production financing and paying JABA $5 million.
Properties to be Joint Ventured.
Some of the properties that JABA expects to have joint ventured are
described as follows.
Gap Tank Project *
Silver Bell, Arizona
This is part of the Silver Bell district where management has identified
and staked tracts of land that have potential for as many as eight new
porphyry copper systems. Phase 1 drilling on one of the four strong
rock-soil-veggie geochem targets early in 1997 produced indifferent but not
negative results. Information from Phase I will be used to improve the
chances for success in Phase 2. A series of geochemical anomalies,
structural targets, and projected porphyry copper centers remains to be
tested, all of which are attractive. JABA remains extremely optimistic
about the prospects of this property to contain one or more billion pound
copper deposits.
Yardley Project *
Santa Cruz Co., Arizona
This is a porphyry copper-moly and/or copper-zinc skarn target located 70
km southwest of Tucson. It is an elephant sized target with a
multi-billion-pound find considered reasonable by management. A U.S.
Geological Survey presentation in 1993 showed a strong positive magnetic
anomaly buried by thin valley fill that JABA claimed because of its
location in mining terrain, and midway between the major mining districts
of Cananea and Sierrita/Mission/Pima. In addition, surface geochem is
promising, and the geophysics is considered by management to be
outstanding.
Apache Project *
Cochise Co., Arizona
This 100%-held 19.5 sq. mile property is located near Elfrida, lies 120 km
southeast of Tucson. Management believes it holds the potential to contain
Carlin-style mineralization at the northern end of the Swisshelm Mountains.
The Carlin geological model requires a structure in place that serves to
trap most of the gold mineralization from rising to the surface.
Frequently, small quantities of gold, arsenic, mercury and other elements
escape through these capping structures and provide the source for low
grade open pit gold mines, but the really big potential is trapped beneath
the caps. The structures that may have trapped high grade gold deposition
at depth on this Cochise Co. property are described as jasperoid lenses.
Indeed the Great American Mine, on the property and active from 1898 to
1930 did contain gold mineralization under one of these jasperoid lenses
that was resampled by JABA with at which time values of 0.17 oz./ton gold
and 11 oz./ton silver were revealed. To the north, values of 0.03 oz./ton
gold have been located along a 2 square-mile jasperoid outcrop. With this
structure open at depth and to the south, management projects that this
structure could contain a multi-million oz. gold deposit.
Tram Ridge Providence Projects
Nye Co., Nevada
This property, which is located in southwest Nevada is 16-km northeast of
Beatty, Nevada. Although gold has been produced in this area since 1908,
recent geologic reinterpretation of the area has revealed several new
orebodes including Barrick's Bullfrog and Montgomery-Shoshone mines,
InterRock's Daisy, Secret Pass and Motherlode mines and Cathedral's
Sterling mine on Bare Mountain. The string of discoveries by InterRock
leads management to believe its 50%-owned claim block northeast of Beatty
is a target. This property includes silicified gold-pathfinder-element
anomalies in altered volcanics, with opalite, limonites and visible mercury
minerals. Management believes this property could contain another
million-ounce gold-silver ore body.
Also located in the Beatty district is a 100% owned project known as the
Providence claims. This is a drill-ready block 'on strike' with Barrick's
abutting Montgomery-Shoshone pit.
Seri Project *
State of Sonora, Mexico
This project is located 22 km northeast of Hermosillo, in the State of
Sonora. The following geological features cause this project to be
considered to be highly prospective for the discovery of precious and base
metals. 1) The known occurrence of significant SX-EW-prone copper on the
property; 2) The presence of a well-developed band of skarn rocks and
chalcopyrite-magnetite (copper-iron) prospects and mines (on the northeast
third of the area, and 3) The definition by JABA of broad-scale
centro-symmetrical geochemical anomalies in copper, molybdenum, lead,
silver and gold that indicate that the Seri property is but the northeast
quadrant - one quarter - of a much larger porphyry copper system than had
been originally perceived. Accordingly, JABA has increased its holdings
here from 989 acres to 3,830 acres.
Niko Project *
State of Chihuahua, Mexico
Located near Delicias, this 100% owned property is located 100 km southeast
of Chihuahua city, not far from the mining town of Naica, the site of a
world-class 25 million tonne poly-metallic
silver-zinc-lead-copper-gold-tungsten orebody in altered limestone that has
been mined continuously and profitably since the late 1800's. Management's
geochem work shows a cluster of areas that appear anomalous in appropriate
metals to suggest that a 'Naica twin' may exist beneath Niko outcrops. In
any event, management considers this property to be an exciting prospect
for a major deposit for silver, zinc, lead, and copper-gold production.
Centauro Project *
State of Chihuahua, Mexico
JABA controls 100% of this property, located near Escalon and 270 km
southeast of Chihuahua City. This epithermal gold target contained beneath
a tabular silica-replaced limestone conglomerate measures 1.5 km by 2.5 and
is perhaps 100 meters thick. Although recent drilling by another company
produced non-economic results, management believes it likely that if the
property contains gold/silver mineralization, it most likely is contained
in a high level tabular zone described as the 'fossil boiling zone' that
lies above the deeper zone recently drilled. Management believes this
property has the potential to contain a multi-million ounce gold deposit.
Bautista & Cachora Projects
State of Sonora, Mexico
This property is located near Cumpas and 140 km northeast of Hermosillo and
unlike most of the other properties described in this report, it lacks
strong modern infrastructure, although it sustained the colonial Sonora
state capital for a century. It is 50 km from Nacozari in Sonora and it
appears to hold considerable exploration potential to host a large-scale
silver/gold deposit. The Bautista represents a 4+sq. km altered zone cut
by a swarm of east-west veins with significant disseminated mineralization,
high-level silicified mesa tops, and silicified chimneys. Another target
located 5 km across the system to the southwest, with similar geological
characteristics is recommended for exploration.
Summary & Conclusion
Exploring for minerals is a high risk/high return business. The odds
improve in your favor considerably however, if you buy into companies with
quality management teams. It would be hard for this writer to name any
junior mining company with a more qualified management team than the
Guilbert/Briscoe duo who head up JABA.
Quality management coupled with a large portfolio of highly prospective
properties, minimal financing requirements and a very low stock price, make
this stock a must for prudent speculators inclined to purchase junior
mining stocks. As always, we urge you not to place more than 5% of your
portfolio into any one junior mining firm. But if you are looking to begin
assembling a portfolio of junior gold stocks, it would be hard to find a
better place to start than with JABA. For additional information, call the
company at: 2766 N. Country Club Road. Tucson, Arizona, 85716-2204. |
