Business
Jasper Mining Corporation continues diamond drilling on Isintok property
Jasper Mining Corporation continues diamond drilling on Isintok property.
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\n\nTrading Symbol: JSP (TSX-V)\n\nCALGARY, Oct. 17 /CNW/ - Jasper Mining Corporation (the \"Company\") is\npleased to announce it has remobilized a diamond drill to its 100% owned\nIsintok property (see Press Releases dated August 11, August 28, September 26\nand September 28, 2006). The tenures comprising the property cover an area of\napproximately 60.3 square km (23.3 square miles), or 6,029 ha (14,898 acres)\nat the height of land between McNulty and Isintok creeks, approximately 27 km\nwest-southwest of Summerland, BC and 20 km north of Hedley.\nThe Company's diamond drill results from the property continue to\ndocument copper (Cu) +/- molybdenum (Mo) +/- gold (Au) +/- silver (Ag) from\nthe area of current interest. This area was previously identified during an\ninitial drill program in 1972, with subsequent holes in 1981 and 1997\nconfirming anomalous Cu +/- Mo mineralization (see Press Release dated\nMar. 15, 2006 for a tabulation of significant results from the property to\nthat date). A total of 63 percussion and diamond drill holes have been\ndocumented on the property, with 28 percussion or diamond drill holes in the\narea of interest, which extends 960 m north-south by 440 m east-west.\nA total of 10 diamond drill holes were completed on the property earlier\nthis year within an area approximately 200 m east-west by 565 m north-south.\nThe area is located on the fringe of coincident magnetic and resistivity\nanomalies identified from a Fugro airborne geophysical survey (see Press\nRelease dated Nov. 16, 2005) characterized by anomalous mineralization. The\ndrill program was temporarily suspended to allow sufficient time for receipt\nof analytical results in order to allow identification of any mineralized\nzones in the subsurface. This geophysical information was considered\nsufficiently important and the results would change the drilling program and\naccordingly the 2006 program was temporarily suspended.\nA total of 8 pads have been approved for drill testing during the second\nphase of the 2006 drill program. Two holes are proposed to be drilled from\neach pad, with an upper hole at an inclination of -45 degrees and an\nunderlying hole at -65 degrees. All holes will be drilled toward an azimuth of\n045 degrees. In addition, an attempt will be made to re-enter and deepen hole\nISIN-06-09 to test one or more ...