Jaba And Southwestern Set To Explore Layered Complex For PGM Chubut Province, Argentina
VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 21, 2001--Southwestern Gold (TSE:SWG. - news) Consolidated JABA Inc (CDNX:JBA. - news)
Consolidated JABA Inc. (CDNX:JBA. - news) and Southwestern Gold Corporation (TSE:SWG. - news) announce that notification of title for the mineral exploration rights (cateos), to explore for Platinum Group Metals (``PGM'') on their 191,800 hectare (473,931 acre), property located in Chubut Province, Argentina has been received. Notification of title was issued by The Chubut Provincial Mining Authority.
The Property is underlain by what is believed to be one of the largest unexplored layered ultramafic complexes in the world. Geochemical results from reconnaissance stream sediment and rock sampling carried out by the Chubut Provincial Geological Survey has confirmed that this complex does carry PGM values.
Consolidated JABA Inc., and Southwestern Gold Corporation have entered into a joint venture to execute this project (see JABA News Release dated December 18, 2000). Officials from both companies are now in Argentina laying the groundwork for a full-scale exploration program, scheduled to get underway in March, 2001.
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Contact:
Southwestern Gold Corporation
George H. Plewes, 604/669-2525
Fax: 604/688-5175
Website: www.swgold.com
or
Consolidated Jaba Incorporated
Brent Peters, 604/922-1974
Fax: 604/922-8993
Website: www.jaba.com |
