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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Galkowski who wrote (1239)	11/16/1997 6:56:00 PM
From: wlheatmoon	Read Replies (1) \| Respond to of 4571

Thanks for the support Ryan, Ben. Charger, Dug, you guys also. Darlene, forget about it. We're all here to learn, invest, make some money, have some fun. Bill-I hate to sound like an old hag, but how in the hell did you get a note dated 11/17 news release??? At any rate, I like the news. Hope the market likes it. Thanks for the update. Good luck to all. MChen

To: Bill Galkowski who wrote (1239)	11/16/1997 7:31:00 PM
From: Roebear	Read Replies (1) \| Respond to of 4571

Bill, Do you have a preview of a press release for tomorrow there? Its a little hard to see in that font is it .7 oz/ton or 7 oz./ton? Of course its probably .7, because at 7.0 we break out the champagne<g> Roebear

To: Bill Galkowski who wrote (1239)	11/17/1997 9:00:00 PM
From: D.McQ	Read Replies (1) \| Respond to of 4571

Bill: I'd like to post a link that everyone might find interesting especially since BCMD tagged on this last paragraph to their press release, Brush Creek controls nine gold mines in the Alleghany/Downieville area of Northern California and over 4000 acres of potentially diamondiferous ground near La Port, California sacbee.com Brush Creek hopes for diamond lode By Cathleen Ferraro Bee Staff Writer (Published July 26, 1997) A local mining company is confident it's found a reservoir of diamonds near Grass Valley. Officials at Brush Creek Mining and Development Co. Inc. said Friday the firm is close to positively identifying a new 6,000-acre source for diamonds near LaPorte, a Plumas County community located about an hour and a half northwest of Grass Valley. "We think it's certainly possible we've found a hard rock source for diamonds in California which is, well, you know, quite unique," said Jim Chapin, chief executive of Brush Creek Mining. The company has spent past eight months taking ground samples from two small creeks close to LaPorte where diamond indicator minerals showed up. It also has looked at a hard rock location upstream where diamonds may be embedded. Diamond indicator minerals have turned up there, too, the company said. The firm is now looking for a major diamond producer to provide money and expertise for the next step -- testing and extraction. So far, Brush Creek has shipped about 200 pounds of hard rock to three foreign producers for analysis. Two preliminary reports indicate diamonds are likely present in the LaPorte hard rock, but in a surprise finding, one company also said there is "an abundance of sapphire in the sample," said Chapin. In certain geological environments, sapphires and diamonds are often found together. Even if the presence of diamonds is confirmed, Brush Creek is at least two years away from making any money because there would have to be enough gems in the rock to justify the cost of removal, explained Chapin. The company's stock, which is publicly traded on the NASDAQ exchange, closed Friday at 371/2 cents, up three cents. It owns eight mines in the Alleghany Downieville area where the company currently mills about 10 tons of ore a day from one mine. Already it has found gold scattered throughout rock there, and extracted its first 32 ounces of gold on Thursday. Brush Creek plans to work up to 50 tons a day by the middle of September. If so, that could yield $16,000 a day in gold revenue, Chapin estimated, since that particular mine has a history of producing one ounce of gold per ton of ore extracted -- a high rate by industry standards. Brush Creek is also looking for a partner in its gold projects. "I think we're close to making some real noise," Chapin said. Here is another one from Canadian News: cdn-news.com Darlene