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Jasper Mining Corporation announces further results; additional drilling on Erie Creek
Jasper Mining Corporation announces further results; additional drilling on Erie Creek.
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX Venture)\n\n\nCALGARY, June 28 /CNW/ - Jasper Mining Corporation (the "Company" or\n"Jasper") has received additional tungsten results from its 100% owned Erie\nCreek property, located near Salmo, British Columbia. The property covers a\ntotal of 4,805 ha (11,873 acres), consisting of 14 contiguous mineral tenures\nover an area of approximately 70 square kilometres.\n\n\nAnomalous Molybdenum-Copper-Tungsten (Mo-Cu-W) results have been\npreviously reported for the first nine holes (see Press Releases dated April\n27 and May 28, 2007) from a preliminary 10 hole, 2,904 metre diamond drill\nprogram. High grade (greater than 100 ppm or 0.01%) tungsten results were not\navailable for drill holes 8 and 9, as well as the end of Hole 3. These results\nhave been recently received/reviewed by the Company and are tabulated below.\nNote: The intervals are not considered true widths.\n\n\nFurther work is proposed, including additional soil sampling, prospecting\nand geological mapping. A follow-up diamond drill program has been initiated,\nwith drilling having commenced June 19. The program will continue to test the\nmineralized system identified in the previous 10 holes, with an emphasis on\ndrilling slightly farther to the southeast. The program will evaluate Mo-Co-W\npotential associated with the Erie Creek Stock and surrounding area. In\nparticular, the area east of the surface soil anomaly interpreted to define\nthe surface exposure of the Erie Creek Stock returned abundant Fugro Airborne\nGeophysical anomalies, specifically electromagnetic conductors, and is an area\nof considerable interest to the Company.\n\n\nThe recent market price for Molybdenum has exceeded US$30 per pound,\nCopper has been trading above US$3.00 per pound and Tungsten has been priced\nover US$12 per pound.\n\n\nPertinent results, with specific emphasis on tungsten-bearing intervals\nhaving greater than 100ppm or 0.01% W, are tabulated below (Note: includes\nprevious results from Hole 3). Some very high grade results have been returned\nfrom Hole 10.\n\n\nWeighted average values have been determined for select intervals, as\nfollows:\n\n\n-------------------------------------------------------------------------\n Hole From To Interval Cu Mo W\nNumber (m) (m) (m) (%) (%) (%)\n--------------------------------------...