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

To: robert azana who wrote (332)	3/27/1998 6:19:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 1044

Rush Limbaugh -Excellance In Broadcasting ( If only they drilled the Incline holes 60 - 70 degrees intended instead of the WRONG area -I hear- with VERTICAL holes!) CSW says as a headline: A property of disappointing excellence ( Chucawords are definatly needed!)( Out od 54 P-D SW offices of them with geologists etal, onlt 5 remain ...working outta their homes!- P-D is not the company it was last year, nor the company I saw on the New Jersey Turnpike some 20 years ago!) Jaba Inc JBA Shares issued 18,954,550 Mar 26 close $0.45 Fri 27 Mar 98 News Release Mr James Briscoe reports The results of the Phelps Dodge (PD) drilling on the Hay Mountain joint venture that commenced on February 23 1998 have been received. Two shallow reverse circulation vertical holes were drilled. Assays show minor intercepts of anomalous gold in each, but no ore grade values. The PD geologist in charge of the project has stated that the project has outstanding merit and the remaining large area of anomalously high gold sample results have yet to be tested. Recently, PD, because of the current low price of copper, has drastically cut overall budgets, and exploration in particular, for the second time. As a result, regardless of merit or what was represented to Jaba when the agreement was signed, PD has withdrawn from the Hay Mountain project and will turn all assets including property and data over to Jaba so that Jaba will control the Colina LLC into which the property is being transferred. Jaba now controls 100% of a land package that is one third larger than when it started the venture, with all assessment work paid for the next year. A preliminary review by Jaba and its consulting geologist (who originated the project for PD, but was retired about three months ago on December 31 1997) indicates that the minor drilling done by PD tested little of the target as originally conceived. Jaba will compile existing data and apply remote sensing, geochemistry, and geophysical technology not applied by PD to more precisely define targets before a second round of drilling. In the second round of drilling, angle holes that will cross vertical veinlets which carry the gold will be used rather than vertical holes. With this more thorough approach, Jaba believes the true potential of the area will be revealed. The property is now available for joint venture with a partner who espouses the above approach. canada-stockwatch.com Chuca says that Valerie and Cytprus Amex are ourt JVers now and with this news ..more will come take a LOOKSEE! Read his lips..."available for joint venture" and I suspect a second looksee is in the offing..stay tuned. Buy the way this is still a GOLD property with tons of modern work done...Geo Chem , Electro Whatevers, and now the PD folks paid the fees for the year and gave us the RIGHTS for one THIRD more...free. All the internal docs were turned over and they retired the P-D/Geo Guy who made the deal and didn't DRILL where he said to let alone HOW TO DRILL. ( Root Canal or what!?) I have been talking about OTHER METALS for some time -don't you realize that it isn't just the copper, the gold it is the bulk tonnage over larger ares, so test the larger areas? Zinc about that, yes, Jaba is ready for the ZINC boom ahead as the world runs out, it has a target all claimed up in both Mexico( Neco) and USA.Stay tuned, wait it out, by being in! Look at the week in review, even if precursor was showing : The Market Allways Knows: But it is a trend UP: JBA Jaba Inc - Stockwatch Bulletins: 1998.03.20 11:08 $208,000 financing Close prices: 1998.03.27 A 0.51 0.45 0.46 +0.01 71000 1998.03.26 A 0.50 0.40 0.45 +0.05 143032 1998.03.25 A 0.40 0.38 0.40 +0.02 72400 1998.03.24 A 0.38 0.34 0.38 +0.03 44000 1998.03.23 A 0.35 0.32 0.35 +0.05 20400 By CSW Look at this- Golden delite a turn in POG ( Price of Gold!): the-privateer.com Buy low -sell high? Hold now folks...TIGHT!!! !