NEWS OUT : now we have some Just Do It NEWS sorta: Nike, opps Niko 107 yrs in PRODUCTION neat0, Niko.
CANADIAN VENTURE EXCHANGE (“CDNX”)
TRADING SYMBOL "JBA"
NEWS RELEASE
March 7, 2002
Consolidated JABA Inc. (“JABA”) is pleased to announce that it has entered into an agreement to secure an option to purchase the approximately 16 square kilometer silver-lead-zinc- copper Niko prospect located in Chihuahua State, Mexico. JABA has identified this carbonate hosted polymetallic target which lies about 25 kilometers from the Naica high-grade silver-polymetallic mine, which has been in production since 1895. The Niko target is interpreted to have potential for high-grade silver-lead-zinc-copper-molybdenum and tungsten replacement mineralization like Naica. Surface characteristics at Niko are similar to the top part of the Naica deposit. JABA has identified the large La Estrella breccia pipe, 60 meters by 80 meters, which could be drilled immediately. This pipe exhibits characteristics similar to the Torino – Tehuacan breccia pipe or chimney at Naica but is much larger than its 10 meters by 15 meters surface exposure. This chimney (breccia pipe) led into the prolific Naica mine which has produced at least 156 million ounces of silver, 2.2 billion lbs. zinc, 2.9 billion lbs. lead 9 million lbs. copper, 260 thousand ounces gold and significant amounts of molybdenum and tungsten. It is still being actively mined. The much larger dimensions of the La Estrella pipe suggest greater potential at Niko. Other indicators in the district suggest potential for more Naica-like mineralization in mantos outside of this breccia pipe.
Under the terms of the agreement JABA must expend US$200,000 in exploration before December 31, 2003. In addition JABA will pay US$2,000 in taxes and make staged payments totaling US$140,000 over the next four years as follows; US$5,000 by January 1, 2003, US$5,000 by July 1, 2003, US$20,000 by January 1, 2004, US$50,000 by January 1, 2005 and US$60,000 by January 1, 2006. The property can be finally acquired by paying US$6,000,000 on or before January 1, 2007.
Consolidated JABA Inc. is a Vancouver-based pure mineral exploration company. JABA has diamond acreage in the Coronation Gulf and Otish Mountain regions, which compliment the Company’s portfolio of drill ready gold, silver and base metal targets and prioritized PGM exploration targets.
ON BEHALF OF THE BOARD
James A. Briscoe
President, CEO, Registered Professional Geologist
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
Chucka POLY means many, weall want a cracker.
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polymetallic target which lies about 25 kilometers from the Naica high-grade silver-polymetallic mine, which has been in production since 1895..//.."
PS - Speaking of GOING FOR THE GOLD LOL:
investorshub.com
See todays post to Evan at iHub LOL, evan is over here also...
LOOK at the Paint as YORKTON tested the Sell side at 11 then bot at 14 LOL what a paint: Paint me MULTI COLORDREAMCOAT Joseph !
Last 2 trades today Time X Price Chg Vol Buyer Seller
12:22:12 V 0.14 -0.01 10000 95 Wolverton 11 Yorkton
09:30:06 V 0.11 0.00 50 11 Yorkton 89 Raymond James
www.canada-stockwatch.com
JBA - CONSOLIDATED JABA INC - Company Website jaba.com
Mar 07 - 09:48:35 Pacific - Trade times are local to the exchange. News times are Pacific. Bid/ask/vol sizes in thousands. Sym-X Bid - Ask Last Chg % Vol $Vol #tr Open-Hi-Lo Year Hi-Lo last trade News delay
JBA - V 5.0 0.14 · 0.17 7.5 0.14 -0.01 -6.7 10.0 1 2 0.14 0.14 0.11 0.58 0.10 Mar 7 12:22 Mar 7 15 min RT 2¢
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Most Recent Bulletins
Date Type Headline
20020307 03:55 News Release Cons Jaba secures option to purchase Niko prospect
20020304 16:10 Property Agreement Cons Jaba Feb. 14 exchange bulletin amendment
20020226 08:54 Street Wire Consolidated Jaba takes a stab at diamonds
20020219 05:11 News Release Consolidated Jaba acquires 120,000 Coronation acres
20020218 14:11 Private Placement Consolidated Jaba two million share private placement
20020214 14:44 Property Agreement Cons Jaba acquires options in Coronation and Otish
Last 2 trades today Time X Price Chg Vol Buyer Seller
12:22:12 V 0.14 -0.01 10000 95 Wolverton 11 Yorkton
09:30:06 V 0.11 0.00 50 11 Yorkton 89 Raymond James |
