Jasper Mining Corporate Update

About this update from Tuktu Resources Ltd

[{"type":"text","content":"\n\n\n\n\n\nTrading Symbol: TSX-V: JSP\n\n\nCALGARY, Aug. 19, 2011 /CNW/ - Jasper Mining Corporation (\"the Company\")\n (TSX-V:JSP) disclosed current resource or reserve estimates at its\n Isintok, B.C. mineral property in several news releases, during 2006\n and 2008. As a result, since February 2009, the Company has been on the\n BCSC default issuers list for failure to file a technical report\n supporting mineral resource disclosure. The Company issued a\n clarification news release on March 11, 2009 indicating previous\n resource or reserve estimates, extracted from BC Minfile, are\n comparable to a potential mineral deposit requiring further\n exploration, and not to a resource estimate. The Company did not have\n sufficient data and information at that time to disclose a range of\n tonnes and grade for a potential exploration target in a manner\n compliant with NI 43-101.\n\n\nThe Company also disclosed its intention to prepare and file a technical\n report. For example, a CEO interview dated January 16, 2009 available\n on the Company's website, the Company's MDA dated December 31, 2010,\n and the news releases of December 21, 2010, March 18, 2011, and April\n 20, 2011 all refer to a technical report under preparation for the\n Isintok Property. The Company clarifies that it has not prepared a\n report meeting the definition of a NI 43-101 technical report.\n\n\nA July 14, 2011 report by AMC Mining Consultants (the AMC Report),\n referred to in the Company's July 19, 2011 news release, supports grade\n and tonnage ranges of a \"potential exploration target\" at Isintok. The\n Company disclosed its exploration target in the July 19, 2011 news\n release, as quoted from the AMC Report and as set out in the Company's\n news release of July 19, 2011, as follows:\n\n\nThe potential quantity and grade has been determined from the\n construction of a block model encompassing the lithologic and assay\n data from 56 of the 58 drillholes completed by Jasper.  An inverse\n distance squared (ID2) block model was populated by a successively\n larger 3 stage spherical search with a maximum search of 200 metres\n constrained by a lithology wireframe.  A copper equivalent value (CuEq)\n was determined for each block in the model based on the copper,\n molybdenum, gold and silver assays.  An es...

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