Holy elefants, or Mammoths, a Bull Elefant is charging down Mammoth Wash, they moved Niagara Falls and Goat Island that's about 4,586 acres and or stated as 7.2 square miles. I'd walk a mile for a Mammoth, would you all??? ? Quiz: any geo types know what Mineralsss are sometimesss ( and alot of usually times in occurance) found with Copper and Molybdenum < pronounced like Blue Denium but with a lisp > ? End of quiz; PGM'sss. Can not wait until the four little months have passed - all drilled out. Rush service. Fast food Mammoth Burgers with special sauce! Make mine a an Arch Delux. Or a King Thingy. Chuca
JV agreement reached for Mammoth Wash project
Jaba Inc JBA
Shares issued 13,300,332 Feb 4 close $0.25
Thu 5 Feb 98 News Release
Mr James Briscoe reports
The company has reached agreement for a joint venture with Cyprus Metals
Exploration of Denver, Colorado on its Mammoth Wash project in the Silver
Bell mining district in southern Arizona. Cyprus is one of the largest
copper mining companies in the world and currently operates four open pit
copper porphyry mines in Arizona. It is also the world's largest molybdenum
producer and the largest US based mining company.
The Silver Bell district has a combined past production and estimated
reserve of 2.8 billion pounds of copper. Asarco (formerly American Smelting
and Refining) has been continuously producing copper from this district for
more than 45 years and recently invested with partner Mitsui approximately
US$70 million to construct a new mine and extraction plant for its North
Silver Bell deposit. This state of the art facility is scheduled to produce
36 million pounds of high grade copper annually for the next 30 years.
JABA and Cyprus will test the concept that the Mammoth Wash project hosts
the fault-displaced western half of the north Silver Bell deposit hidden
under a thin gravel cover.
The Mammoth Wash project, 100% held by JABA, comprises four properties
totalling 4,586 acres (7.2 square miles). Cyprus can earn a 50% interest in
the project by spending US$2 million in exploration and paying JABA
US$200,000 over four years payable in quarterly increments. The agreement
includes a firm commitment for Cyprus to complete 6,000 ft of RC drilling
within the first four months. Upon completion of the terms of the earn-in,
Cyprus may earn an additional 20% interest (for a total of 70%) by
completing a bankable feasibility study and paying JABA US$1 million, if
completed within five years of the date of the agreement, or US$2 million
if completed no later than six years from the date of the agreement.
The company is in various stages of negotiation with several major mining
companies and expects to complete additional joint venture agreements in
the near future.
Hello- HELLOOOOOODing-Dong Ther Silver Bell Rang, Knock-Knock; anybody home upstaires??? How many pennies per how many acres, at this price on this one project; it's like buying 183 acres of mineral rights for one Penny CN at todays share price. That is about like buing a piece of BLM claim fee of $110.00 per claim and getting at how many bagger on payment??? 5 or is it 5000??? Buy the stock it apperas cheaper than the Mineral Rights Lease Payment. What other twenty deposites you say, I say!!! Goodhihellow. |
