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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Al Collard who wrote (9415)9/16/2002 6:36:42 PM
From: Chuca Marsh  Read Replies (1) | Respond to of 11802
 
Can we ( re ie The Same )( GCU Ch/ JBA fl)entry or is it too late been busy ...
Chucka
PS ALL: JABA E Mail Blast just out below PLY:
See this on Playfair is that DEPOSITE next to NGT ? Marcos?
playfairmining.com (Playfair Mining Ltd.)
To: chucalo@aol.com (Email List Subscriber)


===========================================================================
Re: News Release - Monday, September 16, 2002
- San Miguel Drilling Contract Signed
- Additional Property Acquired
===========================================================================
Playfair Mining has contracted Layne De Mexico S.A. de C.V. to carry out a
reverse circulation drilling program on Playfair's wholly owned San Miguel
property in north central Mexico. The drill program is expected to start
on or about 23 September 2002. The initial drillholes of the 4 to 6
drillhole program will test the recently discovered gravity anomaly beneath
the large E1-N soil geochemical anomaly. Each hole is expected to be about
500 metres long and inclined at an angle between 60 and 70 degrees from the
horizontal.

Playfair has extended the San Miguel property by acquiring a new mineral
rights concession over the area immediately south of San Miguel. The newly
acquired property is 983 hectares in size and extends to the south for 2
kilometres covering the extension of the E1-S soil geochemical anomaly.

Playfair is searching for new Carbonate Replacement Deposits in previously
underexplored, overburden filled valleys near large deposits that have been
mined for centuries. Regional exploration led Playfair to the extensive
silver; zinc, and lead E1 soil anomalies on the San Miguel property.

The San Miguel property is centred about 15 km. southeast of the mining
district of Charcas, one of Mexico's largest underground mines. Power
lines, highways and railways cross or are proximal to the E1 anomalous
area.

Please visit our website at www.playfairmining.com where details of the
geophysical surveys will shortly be available.

ON BEHALF OF THE BOARD
D. Neil Briggs
President and Director

No Stock Exchange Has Approved or Disapproved The Information Contained
Herein

===========================================================================
Copyright (c) 2002 PLAYFAIR MINING LTD. (CDNX: PLY) All rights reserved.
For more information visit our website at playfairmining.com or
send mailto:info@playfairmining.com
Message sent on Mon Sep 16, 2002 at 10:40:04 AM Pacific Time
===========================================================================""
JBA:
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.

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