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


To: Bill Galkowski who wrote (2544)1/8/1998 3:10:00 PM
From: Bill Galkowski  Read Replies (3) | Respond to of 4571
 
HERE IS PAGE ONE OF THE FAX. CAN ANYONE HELP ME WITH THE REMAINDER?

REMARKS: As you review this conservative report from E. O. Strandburg P.E. you will note that all inferences are related to depth only. Estimates are based on known ore shoots and does not include the two virgin ore blocks with visible gold that the Company announced December 20, 1997. All properties remain open on strike as well.

Three lode properties and four placer properties have potential for resources and have yet to be explored.

The total inferred resource value of $304 Million is based on $295 per oz. gold, profit per oz. over $96.00 for lode gold and $90.00 for placer gold.

The potential of the diamondiferous properties in La Porte are not included.



To: Bill Galkowski who wrote (2544)1/8/1998 3:29:00 PM
From: Bill Galkowski  Respond to of 4571
 
PAGE 2 OF THE FAX

12/31/97

BRUSH CREEK MINING AND DEVALOPMENT CO., INC.
INFERRED RESOURCE ESTIMATE

1. LODE (Ihave summarized this)

Western Melones Fault
Total Estimated Tons 1,717,656
Estimated Grade, Ounces/ton = 1.0
Total Inferred Resource Estimate, ounces 1,717,656

Eastern Melones Fault

Total estimated tons = 1,410,900
Estimated Grade, Ounces/ton = 1.0
Total Inferred Resource Estimate, ounces 1,410,900

GRAND TOTAL

Total estimated tons = 3,128,556
Estimated Grade, Ounces/ton = 1.0
Total Inferred Resource Estimate, ounces 3,128,556

Notes:

1. The ultimate depth of the resources on the Company's above listed Alleghany District properties is estimated to range from 5,000 to 10,000 vertical feet. The resource estimate is based on an average mineralized zone vertical depth of 7,500 feet.

2. The esatimate is based on the projection of known ore shoots, mined in their upper reaches, or mineralized zones over 7,500 foot vertical intervals, measured from the top to the bottom of the zones.

II, PLACER

Gardners Point/Pioneer Mine
Volume: 9,810,000 bank cubic yards
Grade: 0.0221 ounces per bank cubic yard
Ounces: 217,021 (Inferred Resource)

TOTAL INFERRED RESOURCE, LODE + PLACER
3,345,577 Ounces

On letterhead of
Edward O. Strandberg, Jr., P.E.
P.O Box 82283, Fairbanks, Alaska 99708
907-474-0183