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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (1009)	7/17/2002 2:22:09 PM
From: Chuca Marsh	Read Replies (2) \| Respond to of 1044

OK, near the Diamond Play are KIMBERS: Not JABAs exact area but the same CORONATION GULF and Jaba is on the two sides ofthe Northen part both on east and on the west, so let's hope the MONKEY IN THE MIDDLE has legs, or is it pipes LOL: Caledonia Mining Corp - Stellaria Kimberlite Confirmed Diamondiferous Toronto, Ontario - Wednesday, July 17, 2002, 10:33 AM EDT Caledonia Mining Corporation ("Caledonia") of Toronto (TSX: CAL and NASDAQ - OTCBB: CALVF) is pleased to report microdiamond results for the Stellaria kimberlite on the Kikerk Lake property in the Coronation Gulf region of Nunavut, and to announce the summer exploration program for the property which will be carried out by Ashton Mining of Canada Inc. ("Ashton"). Stellaria Kimberlite The Stellaria kimberlite is situated approximately 700 m east of the Potentilla kimberlite. As reported on May 21, 2002, the vertical discovery hole was drilled into a geophysical anomaly having approximate surface dimensions of 160 m x 50 m. This anomaly is oriented along a geophysically defined linear feature with an approximate strike length of 2 km. After passing through 20 m of glacial overburden and 35 m of dolomitic limestone, the drill intersected approximately 39 m of hypabyssal kimberlite. Drill core was processed by caustic dissolution at Ashton's North Vancouver laboratory and returned the following numbers of diamonds: Sample Weight Numbers of Diamonds (kg) Macro Micro greater than or equal to 0.1-0.5 mm 0.5 mm (in one (in two dimensions) dimension) 105.4 66 13 (Note 1) Note 1: One of the macrodiamonds is greater than 0.5 mm in two dimensions and measures 0.8 x 0.6 x 0.4 mm. Summer 2002 Exploration Program Ashton is encouraged by the confirmation of a second diamondiferous kimberlite on the Kikerk Lake property. The summer exploration program, scheduled to commence in late July, will include further prospecting and additional detailed heavy mineral sampling. The objective of this portion of the program is to investigate a number of unexplained indicator mineral anomalies near the Potentilla and Stellaria kimberlites. A prominent indicator mineral dispersion anomaly has already been identified 700 metres southwest of Potentilla. Heavy mineral samples will also be collected to investigate subtle indicator mineral anomalies as well as priority geophysical anomalies identified by an airborne survey conducted earlier in the year. The 2002 summer exploration program will also include drilling of the Stellaria kimberlite itself as well as drilling along the defined linear feature associated with Stellaria. The goal of this work is to better define the size and orientation of the kimberlite body, and to determine whether it may be a structurally controlled dyke. As reported on May 21, 2002, a 5.5 tonne mini-bulk sample was collected from Potentilla as part of the winter 2002 field program and is currently being processed through Ashton's dense media separation plant in North Vancouver. Completion of analysis is expected before the end of August. In terms of the Caledonia-Ashton Joint Venture Agreement Ashton will fund Caledonia's interest in the property until a bankable feasibility has been completed. Caledonia holds a 17.5% interest in the property, while Ashton the operator of the programs holds a 52.5 percent interest, and Northern Empire Minerals Ltd. holds a 30 percent interest. Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found on Caledonia's website http:/www.caledoniamining.com For further information please contact Caledonia Mining Corporation: S.E. Hayden James Johnstone Chairman, President and CEO V-P Operations and COO South Africa Canada Tel: (011-27-11) 447-2499 Tel: (1-905) 607-7543 Fax: (011-27-11) 447-2554 Fax: (1-905) 607-9806 Chris Harvey Technical Director Canada Tel: (1-905) 607-7543 Fax: (1-905) 607-9806 Caledonia Mining Corporation (Mining, Mining) caledoniamining.com OTC-BB: CALVF TSE: CAL Add this organization to my portfolio Click here for a printable version Disclaimer ------------------------------------------ CALVF was mentioned on this investment site as unusual viol or some such YESTERDAY it might still be up on the audio as they changer it at 2 PM every day: hotstockchat.com