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Jasper Mining Corporation announces further high grade analytical results from McFarlane property and some corrections to the press release of May 2, 2008
CALGARY, May 6 /CNW/ - Jasper Mining Corporation (the "Company") has received further high grade ...
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\nCALGARY, May 6 /CNW/ - Jasper Mining Corporation (the "Company") has\nreceived further high grade results pertaining to the Phase II drill program\non the McFarlane property. Molybdenite mineralization varies from coatings\nseveral mm thick along vein contacts, through fine- to very coarse-grained\ndisseminations within quartz (+ pyrite +/- sericite +/- alkali feldspar) veins\nup to 1.6 m thick to thin (up to 2 cm thick) visually pure molybdenite veins.\nThe vein system is interpreted to trend east-west with dip varying between\nsteeply north and steeply south dipping. Quartz monzonite is the predominant\nhost lithology, with overlying metasediments (metamorphosed sediments) hosting\na subordinate proportion of molybdenite-bearing veins. Quartz + pyrite +/-\nsericite veins are relatively abundant throughout the drill core, however,\nvein density is highly variable.\n\n\nThe current high priority drill target is a vein system, consisting of up\nto two relatively thick molybdenite-bearing quartz veins and/or vein systems\noccurring between the two adits comprising the Ben Derby MINFILE occurrence.\nThe two adits are separated by approximately 500 m map distance. The veins\nexposed within the adits are up to 1.5 m thick (estimated true thickness - Ben\nDerby adit) and generally contain highly anomalous molybdenite in association\nwith very coarse-grained pyrite (to five cm in long dimension) and variable\nsericitic alteration.\n\n\nA total of 56 samples in the four holes released in Table 1 below\nreturned Mo values greater than 100 ppm. The following tabulation includes all\nmineralized intercepts having an analytical value in excess of 1000 ppm (0.1\n%) Mo. Intervals for which an average grade has been determined for a\ncontiguous series of multiple samples are highlighted in bold. The following\nTable summarizes new data received by the Company since the Press Release of\nMay 2, 2008:\n\n\n-------------------------------------------------------------------------\n TABLE 1\n-------------------------------------------------------------------------\n Hole From To Width(x) Mo Mo\n Number (m) (m) (m) (ppm) (%)\n-------------------------------------------------------------------------\nMC-08-31 29.10 29.82 0.72 7066.4 0.707\n-------------------------------------------------------------------------\nincluding 29.72 29...