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

To: ubetcha who wrote (1018)	9/16/2002 6:40:24 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 1044

Twillmaaaa ! Twilko !here is the E Mail Blast they sent out: TSX VENTURE EXCHANGE TRADING SYMBOL "JBA" NEWS RELEASE September 12, 2002 JABA ACQUIRES THE REDROCK CANYON PROJECT, A CARLIN STYLE DISSEMINATED GOLD EXPLORATION TARGET, COCHISE COUNTY ARIZONA, USA Consolidated JABA Inc. ("JABA") is pleased to announce it has acquired 100 percent interest in the Redrock Canyon Gold Project in Cochise County Arizona, USA. The Project consists of 1.5 square miles of Arizona State Prospecting Permits/Leases. The Project targets disseminated Carlin Style gold of potentially significant grade in the lower Paleozoic sedimentary formations that have hosted disseminated hydrothermal mineralization in various large mines throughout Southeastern Arizona. Redrock Canyon has been the subject of previous exploration activity by junior exploration companies who have defined strong geochemical anomalies for gold and other indicator metals. Also, previous technical work by JABA under Joint Ventures with Phelps Dodge Copper Corporation and North Mining Company have defined a large gold zone surrounding what appears to be a porphyry copper center defined by geophysics, geochemistry and interpretive geology. A recent Masters Geology thesis supported by JABA has re-focused attention on the area. Gold values in feeder veins show up to 1.6 ounces per ton in at least three samples. Wide spread lower but still significant values in the parts per million range gold in silicified areas, jasperoid bodies, decalcified limestone and fresh appearing limestone suggest potential for large bodies of disseminated gold, perhaps of significant grades at depth, in favorable porous horizons. Induced Polarization (IP) surveys run by Phelps Dodge in 1990 have been re-examined and suggest responsive targets corresponding to surface geology and gold anomalies at a depth of 300 to 700 feet. New computer software can now more closely define these anomalies. In an area not tested by IP surveys disseminated gold in the 0.1 ounce per ton range is indicated by vertical air rotary holes to 100 feet. Favorable porous sediments underlie this area, which has plus one ounce gold feeders at the surface, by an estimated 200 feet. JABA, subject to a Technical Report, proposes to further refine the existing targets and to test the area with a series of diamond drill holes. To that end, JABA has retained Registered Professional Geologist and Qualified Person Mr. Jonathan DuHamel to review the data and prepare a Technical Report with specific recommendations for a phased exploration program for the project area. He will work with Zonge Engineering, the geophysicists who provided the IP surveys for Phelps Dodge in 1990 and with Shea Clark Smith of MEG Inc. to define respectively a geophysical and geochemical program. Mr. DuHamel is retired from the Phelps Dodge company where he performed successful exploration programs over a period of 27 years. He conceptualized and performed geologic mapping and sampling that identified some of the strong gold anomalies at Redrock Canyon before his retirement. Further JABA would like to announce it has granted Incentive Stock Options to a consultant in the amount of 200,000 shares at a price of $0.10 for a period of five years. The options are subject to acceptance by the TSX Venture Exchange. Consolidated JABA Inc. is a Vancouver-based mineral exploration company with a portfolio of drill-ready gold, silver and base metal targets. ON BEHALF OF THE BOARD Paul Matysek, M.Sc., P.Geo. Director The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. ----------------------- Headers -------------------------------- Return-Path: