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

To: Chuca Marsh who wrote (453)	5/21/1998 6:00:00 PM
From: Ross	Read Replies (1) \| Respond to of 1044

1998-05-21 Valerie Gold and JABA: Drilling Commences East Silver Bell Prospect, Arizona VANCOUVER, BRITISH COLUMBIA--Valerie Gold Resources Ltd. and JABA Inc. are pleased to report that drilling commences today on the East Silver Bell copper prospect near Tucson, Arizona. The first phase of the drill program will test IP, geochemical and magnetic anomalies as well as copper oxide fragments in talus and porphyry- copper leached capping on the western portion of the property. This work program will investigate the potential for large tonnage, bulk-mineable copper mineralization in the targeted areas. Over 1,200 metres of drilling is planned for phase one. A dipole-dipole IP survey was recently completed by Zonge Engineering of Tucson, Arizona. The survey successfully identified a 300 metre wide by 500 metre long chargeability and resistivity anomaly. This IP anomaly is coincident with a magnetic high, defined by an earlier survey. Drill testing of the copper oxides in talus is near a sheeted quartz vein alteration zone. The Companies' geologists believe that the alteration zone could host important copper oxide mineralization. The East Silver Bell Property lies immediately east of Asarco's Silver Bell copper mine which has been in continuous production for more than 45 years. Drilling Services - Boyles Bros. of Chandler, Arizona have been contracted to complete the drill program. The program is under the supervision of Mr. Phil St. George, Senior Geologist for Valerie Gold Resources Ltd. Frank A. Lang, President, Valerie Gold Resources Ltd. James A. Briscoe, CEO, JABA Inc. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Valerie Gold Resources Ltd. Frank A. Lang President (604) 687-4622 or 1-888-267-1400 (604) 687-4212 (FAX) or JABA Inc. James A. Briscoe CEO (604) 602-9002 or 1-800-863-1554 (604) 602-9007 (FAX) jaba.com The Vancouver Stock Exchange and the Alberta Stock Exchange have neither approved nor disapproved the information contained herein.