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Microcap & Penny Stocks : JABI..... J.A.B. International -- Ignore unavailable to you. Want to Upgrade?


To: TsioKawe who wrote (2)9/7/1999 5:46:00 PM
From: TsioKawe  Read Replies (1) | Respond to of 5
 
J.A.B. International, Inc. (JABI) has secured the mining rights to a 35,000 square kilometer area, located in the Central African Republic. The initial exploration diggings in over 50 test pits recovered high grade Diamonds and Gold. These tests have indicated a yield of 0.23 carats of Diamonds and .2 grams of gold per cubic meter of gravel. It is estimated that the property has more than 20,000,000 cubic meters of Diamond and Gold bearing gravel.
The African mining site is located in the Central African Republic, a land locked country in the geographical center of Africa, C.A.R. is bordered by the two Congo nations to the South, Cameroon to the West, Chad to the North and Sudan to the Northeast. The country was a French colony until gaining its independence from France in 1963; it now maintains a democratically elected government with a major economic and political reliance of France.

The project is located in the Eastern section of the country, just North of the border with the Congo (formerly Zaire). The mining area is 35 kilometers wide and 100 kilometers long (roughly 23 miles by 66 miles) in size. JAB has chosen this area after years of research in the C.A.R.; we investigated numerous locations as possible sites for our project before acquiring our current permits.

This particular site was by far the best suited for our mining operation. Initial engineering and geological research has indicated that the area will produce an average of 0.23 carats of diamonds and 0.2 grams of gold per cubic meter of gravel. The area has over 250,000 linear meters of river basin of which we have tested 100,000 meters.