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NEWS RELEASE
September 16, 1998
JABA RETAINS THE WINTERS COMPANY TO PREPARE TECHNICAL REPORT ON SEAZ
PROJECT
JABA is pleased to announce that the land status due diligence
assessment of the properties included in JABA's SEAZ Project is positive
and complete. The Company engaged an independent Denver-based land
title company, Petroleum and Mineral Properties Inc., as consultant to
examine the status of titles of each land parcel included in the
acquisition of the SEAZ (Southeast Arizona) ISL-- SX-EW oxidized
porphyry copper skarn property from Delta Exploration LLC. This
analysis is done, and the consultant reports that the land status is
confirmed to be as claimed by Delta, and that all property titles are
secure.
In the meantime, JABA's staff at the Tucson headquarters has been
evaluating voluminous technical data provided by Delta Exploration in
files amassed by various companies over a 30-year period. This part of
the due diligence involves examination of more than 18,000 pages, 250
maps, hundreds of drill logs, thousands of assays, and scores of
technical reports applicable to the SEAZ Project. A new computer model
is under construction to display, evaluate and confirm the data from the
drill holes. This work is proceeding quickly and, to this point,
affirmatively.
JABA has contracted the services of The Winters Company (TWC) of Tucson,
Arizona, to prepare an independent technical report on the SEAZ
project. The scope of this report will include reviews of geology,
mineral resources, including drill hole data and mineral continuity, and
also confirmation of land status. A major part of the technical report
will be titled Environmental Review and will review environmental
issues and permitting procedures at other in-situ-leach projects in
Arizona and assess ease of permitting of the project. The Winters
Company has conducted a wide range of engineering studies in all aspects
of the mining industry. They have extensive experience in the copper
mining industry in Southern Arizona, including expertise in in-situ
leaching and SX-EW plants. This technical report is scheduled for
completion by early October, 1998. All of the information will be
submitted to the Alberta Stock Exchange and ultimately will aid in the
final engineering to fast-track early production from the deposit.
The Company continues to seek a joint venture partner with both the
financial and technical capability to move ahead quickly in advancing
the project towards production at an early date. For further
information, contact JABA Inc. at the Vancouver office of 850 W.
Hastings Street, Vancouver, BC, Canada V6C 1E1, (800) 863- 1551, or its
Tucson office at 2766 N. Country Club Road, Tucson, AZ 85716-2204,
1(800) 220-8143. E-mail contacts may be made to Messrs. Jim Briscoe at
jbriscoe@jaba.com or John Guilbert at jguilbert@jaba.com.
On Behalf of the Board
James A. Briscoe
Chief Executive Officer
The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.
--
Mardee S. Briscoe
Vice President/Business Mgr.
JABA (US) Inc.
2766 N. Country Club Rd.
Tucson, AZ 85716
(520)327-7440 voice
(520)327-7450 fax
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