To: Larry Macklin who wrote (586 ) 9/16/1998 3:32:00 PM From: Chuca Marsh Read Replies (1) | Respond to of 1044
Check this out : NEWS RELEASE September 16, 1998 JABA RETAINS THE WINTERS COMPANY TO PREPARE TECHNICAL REPORT ON SEAZ PROJECT JABA is pleased to announce that the land status due diligence assessment of the properties included in JABA's SEAZ Project is positive and complete. The Company engaged an independent Denver-based land title company, Petroleum and Mineral Properties Inc., as consultant to examine the status of titles of each land parcel included in the acquisition of the SEAZ (Southeast Arizona) ISL-- SX-EW oxidized porphyry copper skarn property from Delta Exploration LLC. This analysis is done, and the consultant reports that the land status is confirmed to be as claimed by Delta, and that all property titles are secure. In the meantime, JABA's staff at the Tucson headquarters has been evaluating voluminous technical data provided by Delta Exploration in files amassed by various companies over a 30-year period. This part of the due diligence involves examination of more than 18,000 pages, 250 maps, hundreds of drill logs, thousands of assays, and scores of technical reports applicable to the SEAZ Project. A new computer model is under construction to display, evaluate and confirm the data from the drill holes. This work is proceeding quickly and, to this point, affirmatively. JABA has contracted the services of The Winters Company (TWC) of Tucson, Arizona, to prepare an independent technical report on the SEAZ project. The scope of this report will include reviews of geology, mineral resources, including drill hole data and mineral continuity, and also confirmation of land status. A major part of the technical report will be titled Environmental Review and will review environmental issues and permitting procedures at other in-situ-leach projects in Arizona and assess ease of permitting of the project. The Winters Company has conducted a wide range of engineering studies in all aspects of the mining industry. They have extensive experience in the copper mining industry in Southern Arizona, including expertise in in-situ leaching and SX-EW plants. This technical report is scheduled for completion by early October, 1998. All of the information will be submitted to the Alberta Stock Exchange and ultimately will aid in the final engineering to fast-track early production from the deposit. The Company continues to seek a joint venture partner with both the financial and technical capability to move ahead quickly in advancing the project towards production at an early date. For further information, contact JABA Inc. at the Vancouver office of 850 W. Hastings Street, Vancouver, BC, Canada V6C 1E1, (800) 863- 1551, or its Tucson office at 2766 N. Country Club Road, Tucson, AZ 85716-2204, 1(800) 220-8143. E-mail contacts may be made to Messrs. Jim Briscoe at jbriscoe@jaba.com or John Guilbert at jguilbert@jaba.com. On Behalf of the Board James A. Briscoe Chief Executive Officer The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. -- Mardee S. Briscoe Vice President/Business Mgr. JABA (US) Inc. 2766 N. Country Club Rd. Tucson, AZ 85716 (520)327-7440 voice (520)327-7450 fax