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Gold/Mining/Energy : JAB International (JABI)
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To: Roebear who wrote (710)10/30/1997 3:16:00 PM
From: Jeffery E. Forrest  Read Replies (1) of 4571
 
Found this while I was poking around EDGAR
____________________________
DIAMOND EXPLORATION.

Diamonds have been reported from gold workings since 1849 in the
paleoplacer gold deposits of Butte, Plumas, Sierra, Nevada, El Dorado and
Amador counties, California. The principal district of reported diamonds was
in the Cherokee District of Butte County due west of Gardners Point.

Diamonds have also been recovered from Brush Creek's Gardners Point
property. In 1872 a diamond recovered from the Gardners Point property was cut
into a one carat stone. Another diamond was also recovered at the time from
the Gardners Point Property but was "lost by the foreman, who did not know its
value". These two diamonds were recovered from a 109 square foot area of a 30
foot thick section of the paleoplacer gold deposit. A third diamond was
recovered from hydraulic tailings in Slate Creek which probably came from the
Gardners Point hydraulic workings.

During fiscal 1997 the Company tested Gardners Point for diamond
indicator minerals. Encouraging results prompted further evaluation upstream
toward the Poker Flat area. There the Company located diamond indicator
minerals in a hard-rock breccia source. The Company is currently looking for a
joint venture partner to take the project forward.
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