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

To: Susan Saline who wrote (2860)	2/4/1998 9:39:00 AM
From: DDS-OMS	Read Replies (2) \| Respond to of 4571

For those who haven't found it yet: ASSAY RESULTS FROM PILLAR 4 RELEASED Brush Creek Mining and Development Co., Inc. (the Company) today announced that development work occurring approximately 150 feet to the south of the Golden Gate Ore shoot continued to encounter visible gold and produce strong metal detector readings. Specifically, gold was observed in the slanted portion of the Bachels raise at a roll in the footwall. Footwall rolls are known to have been the loci of high grade zones in previously mined segments of the Golden Gate ore shoot. The Golden Gate ore shoot produced 160,000 ounces of gold at an average grade of 1.2 ounces per ton. It remains open at depth. A further gold occurrence was located approximately 50 feet to the south in the same raise. Visible gold was also located at four sites on an intermediate level adjacent to the Bachels raise and in a raise above the intermediate level. The level is 80 feet above the Cassidy (track) level and is bounded on the north by the Bachels raise and on the south by the 2500 raise, a strike length of 250 feet. The Bachels raise gold occurrences appear to lie on the same rake as a high grade gold occurrence taken from a six-foot (20 ton) round in the 2428 sub-level which yielded approximately 80 ounces of gold. Further south in the 2500 raise several assays were taken, many of which were anomalous for gold. The strongest were found in the No. 1 sub-level to the north. Two assays there reported .55 ounces gold per ton across 33 inches and 37.7 ounces gold per ton across 24 inches. It is expected that a new sub-level will be driven to explore and mine the block beginning Monday, February 9, 1998 after certain preparatory work is completed. The mineralized block may potentially extend from the Peavine level to the No. 6 Golden Gate Shaft level, a distance of 1330 feet and contain approximately 127,000 tons of material. In other news, assays from the top third of Pillar 4 indicate the presence of mill grade ore ranging from .5 to .8 ounces of gold per ton. Preparations are underway to begin mining the bottom two-thirds of the Pillar. The approximately 1500 ton pillar is one of ten pillars reported to exist above the Cassidy level which represent approximately 9,000 tons of material. Based upon previous production records, the Company anticipates that the pillars will yield approximately one ounce of gold per ton. Brush Creek controls nine historic mines in the Alleghany- Downieville gold district of Northern California, which produced more than 12 million ounces of placer and 2 million ounces of hard rock gold. It also controls more than 4000 acres of potentially diamondiferous ground near La Porte, California. CONTACT: Brush Creek Mining and Development Co., Inc. Lionel Gosselin, 888/272-7335 or Brush Creek Mining and Development Co., Inc. Jim Chapin, 530/477-5961