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

To: hedger who wrote (473)	6/12/1998 9:35:00 PM
From: Chuca Marsh	Read Replies (2) \| Respond to of 1044

<<..and thirty feet of 310 to 520 ppm Cu were reported in the gravels,.. That translates to .10 thro .15 OPT CU ( Copper) as I read in The Northen Miner last year ther economic amount for copper is 7% or a little off here depending is Metric Ounce or so I say .1 ish is way above .7 % RE NEWS TODAY from CSW: Hang on Snoopy, Snoopy HANG ON!!! ....it's that Lucy Murphy that I worry about! Not to mention Linus Pauling doctoring things up like vitamine "C" when we need Coloidal Copper and Silver! <<..Subject: Stockwatch: Jaba Inc - News Release To: bondee@ma.ultranet.com Preliminary drill results in Arizona and Mexico Jaba Inc JBA Shares issued 20,054,550 Jun 12 close $0.21 Fri 12 Jun 98 News Release Mr. James Briscoe reports Phase 1 drilling has been completed by Cyprus Metals and its affiliates at two Jaba properties in two separate joint ventures. Eight reverse circulation holes have been completed at Mammoth Wash in the Silver Bell district of Arizona, and seven have been bottomed at Opata, near Cumpas, Sonora, Mexico. Mammoth Wash This Silver Bell project was designed to seek out the shallowly-buried, fault-displaced western half of Asarco's North Silver Bell porphyry copper deposit, the SX-EW-based mining of which was begun by Asarco late in 1997. Two of the new Cyprus holes bottomed in propylitized monzonite, three in hematite-stained or propylitized Cretaceous sandstone, and three were terminated (at 652, 700, and 1080 feet) in post-ore gravel. Not all assays have been returned, and results are yet to be fully interpreted. Four hundred and thirty feet of 310 to 520 ppm Cu were reported in the gravels, but neither sulphides nor anomalous copper were seen in the altered monzonite. The easy target remains hidden, and Jaba plans interpretation of multi-element analyses to see if the rocks pierced provide lateral guides for phase 2 drilling. Jaba is aware that a significant airborne EM anomaly is known by another company to occur on the property; efforts to obtain that data (perhaps through another JV) will continue to be vigorously pursued prior to further drilling. Opata Neither drill logs nor assays have yet been received from the Opata RC holes, where drilling was intended to penetrate a gravel-filled down-dropped fault block, or graben, thought to conceal the heart of a porphyry copper system. Again, gravels were thicker than was expected. No enrichment blanket or altered porphyries were noted by the project field geologists, but drill cuttings have yet to arrive for scrutiny at the Tucson office. Here again, multi-element analyses may provide directional information for further testing, depending upon copper assays in, and the nature of, units penetrated. Jaba management would prefer to report ore intercepts starting with hole 1 in both JVs, but major ore discoveries are almost never made that way. Management remains realistically optimistic about Mammoth Wash and Opata subject to viewing, reviewing, and reinterpreting the data with the company's own techniques. Further news releases will be made as those reviews progress. canada-stockwatch.com