JAB Resources sets a chromite project in Albania

TIRANA, Oct 13 – JAB Resources Ltd is an unlisted Australian based junior exploration company focused on Albania since 2007.
JAB is currently undertaking resource definition drilling of a major chromite project, with the objective of commencing a feasibility study into the development of an open cut chromite mine and beneficiation plant that could provide early cash flow.
JAB is also exploring other properties in the country with excellent gold, copper, nickel and platinum potential.
The Kalimash chromite project is JAB’s immediate focus.
JAB has the 30,000 hectare Kalimash exploration concession in northeastern Albania on the fast track, anticipating significant cash flow from chromite production.
The company has two target areas where open cut chromite resources could be of a sufficient size to justify an open cut mine. JAB is drilling these areas initially.
Historical mining at Kalimash produced one million tonnes of chromite ore from underground and the original processing plant is still on site. Recent trenching and channel sampling outlined mineralization over an average width of seven meters along a strike length of 2,000 meters, at grades averaging 10 percent chromite.
JAB has an exploration target of 10 million tonnes averaging in excess of 10 percent chromite.
A 4,000-metre drill programme designed to prove an open cut resource down-dip of the chromite outcrops at Target 1 is one-third complete, and JAB is reporting visible chromite in each hole. Once drilling of Target 1 is complete, the rig will move to Target 2 and thence to other chromite targets identified and under application by the company.
Feasibility study likely to commence soon.
A metallurgical study on a bulk sample of chromite ore from Target 1 is under way, to determine the flow sheet for the process plant. Preliminary testing indicated that a high grade concentrate of around 50 percent chromite, at a high recovery, can be produced. JAB expects to commence a feasibility study at Kalimash prior to the end of 2008