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Jasper Mining Corporation announces final results from drill program on Isintok property
Jasper Mining Corporation announces final results from drill program on Isintok property.
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\n\nCALGARY, Sept. 26 /CNW/ - Jasper Mining Corporation (the \"Company\") has\nreceived final results from the initial 2006 diamond drill program on its 100%\nowned Isintok property. The Isintok property comprises approximately 6,029 ha\n(14,898 acres or 23.3 sq. miles), covering the drainage divide between McNulty\nand Isintok creeks, located approximately 27 km west-southwest of Summerland,\nBC and 20 km north of Hedley.\nThe results reported from the property continue to document copper\n(Cu) +/- molybdenum (Mo) +/- gold (Au) +/- silver (Ag) from the area of\ncurrent interest. A total of 10 diamond drill holes were completed on the\nIsintok property as part of the preliminary 2006 exploration program. Due to\nsignificant delays in receiving analytical data, the 2006 drill program was\ntemporarily suspended in late July in order to evaluate results from the\ninitial holes.\nThe ongoing objective of the Company's exploration program is to locate,\nand define, a copper-molybdenum +/- silver +/- gold porphyry style deposit\nsimilar to the Brenda Mine, located approximately 40 km north of the Isintok\nproperty, west of Peachland. \"The Brenda Mine began production in early 1970\nwith measured geological (proven) reserves of 160,556,700 tonnes grading\n0.183 per cent copper and 0.049 per cent molybdenum at a cutoff of 0.3 per\ncent copper equivalent (eCu (equal sign) % Cu + (3.45 x % Mo))\" (BC MINFILE 092HNE047)\n(Note: reported prior to implementation of, and therefore not compliant with,\nNational Instrument 43-101).\nThe Company's 2005 and 2006 drill pads are located over an area\napproximately 300 m east-west by 400 m north-south characterized by anomalous\nmineralization as documented in previous programs. The holes comprising the\n2006 drill program are within an area approximately 200 m east-west by 565 m\nnorth-south located on the fringe of coincident magnetic and resistivity\nanomalies identified on the Fugro airborne geophysical survey.\n\nPad location data follow:\n\n>\n\nIn previous Press Releases (dated August 11 and August 28, 2006) the\nCompany announced initial results from analyses of the first five diamond\ndrill holes (ISIN-06-01 to 05). The Company has received additional results\nfor the remaining five drill holes. The following are final results from drill\nholes ISIN-06-06 to 10. Holes 5 to 8 were dri...