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

To: David Culver who wrote (432)	5/6/1998 4:18:00 PM
From: robert azana	Respond to of 1044

NEWS RELEASES! Over the next three months, JABA will be "FEATURED", by "MANY FINANCIAL NEWS WRITERS" both in CANADA and the USA as the CO. of "CHOICE". These prices will not remain at these levels for much longer. Good luck and Keep the Faith!

To: David Culver who wrote (432)	5/6/1998 7:20:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 1044

Here it is: Subject: JABA News Release Dear Shareholder/Investor Per your request to be updated on JABA's activities, the following News Release was issued today! We appreciate your continued interest in JABA! Please also remember to visit our web site jaba.com JABA ANNOUNCES START OF CYPRUS DRILLING ON THE OPATA JOINT VENTURE, CUMPAS MINING DISTRICT, SONORA, MEXICO JABA Inc. (ASE-JBA) is pleased to report that Minera Cuicuilco, S.A. de C.V. (Cyprus), a wholly-owned subsidiary of Cyprus Amax Minerals Company of Denver, Colorado, has begun reverse-circulation (RC) drilling at the Opata project, a porphyry copper target held by JABA's 90%-owned subsidiary Compa¤ia Minera JABA, S.A. de C.V. (JABA). Cyprus and JABA agreed to terms of a joint venture in early March of this year (See JABA News Release dated March 6, 1998). The objective of the drilling is to test the concept that a `porphyry copper deposit' nucleus of the same size and scale as La Caridad or Cananea lies shallowly buried in an alluvial-filled down-dropped graben (basin) that cuts a swath between strongly altered and mineralized border (peripheral) rocks on either side of the swath. Six hole locations have been permitted by Cyprus, and 6000 feet of drilling is called for in the joint venture agreement with JABA. Holes will be of variable depth depending on the thickness of cover and findings in bedrock. JABA has recommended additional sites, in part to evaluate characteristics of the peripheral zones and their alteration-mineralization. The drill results will be released as soon as practical after completion of drilling and assays, including confirmation assays if indicated. Cyprus and JABA have also announced a joint venture in the Mammoth Wash area near Asarco's Silver Bell mine. Phase One of 6,000 feet of drilling is complete; both companies await assay results and geologic interpretation from RC cuttings before an announcement is made. Additionally, JABA awaits drilling startup later in May as part of a joint venture with Valerie Gold Resources Ltd. on East Silver Bell, and has several other projects in advanced stages of negotiation for joint venturing. For further information, please call Jim Alexander at 1-800-863-1551, visit JABA's web site at www.JABA.com, or fax us at 1-520- 327-7450. On behalf of the Board, James A. Briscoe Chief Executive Officer The Alberta Stock Exchange has neither approved nor disapproved the information contained herein P.S.- I am heading to 2son, sooner or latter, so someone post this stuff if there is SOME MORE NEWS while I'm away a couple weeks! Take care all... exploration, the final frontier- Jaba daba did it first and finest...twenty something properties! Next year ...some will say...20 something joint ventures! I hope! Chucabye4nowa