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Jasper Mining Corporation drills multiple holes containing molybdenum, copper and tungsten at Erie Creek
Jasper Mining Corporation drills multiple holes containing molybdenum, copper and tungsten at Erie Creek.
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX-Venture)\n\n\nwww.jaspermining.com\n\n\nCALGARY, May 28 /CNW/ - Jasper Mining Corporation (the "Company" or\n"Jasper") announces additional results from its 100% owned Erie Creek\nproperty, located near Salmo, British Columbia. The property covers a total of\n4,805 ha (11,873 acres), consisting of 14 contiguous mineral tenures over an\narea of approximately 70 square kilometres.\n\n\nDuring February and April 2007, Jasper completed a preliminary 10 hole,\n2,904 metre diamond drill program in an area of approximately 1,750 metres\nlength by 340 metres width, recovering thick to very thick intervals of\nmoderate to high grade mineralization documented in multiple holes.\nFurthermore, short intervals of high grade mineralization were documented,\nincluding molybdenum (Mo) greater than 0.2% over 1.18 metres, copper (Cu) up\nto 3.62% over 0.20 metres and tungsten (W) up to 0.32% over 1.52 metres. Note:\nThicknesses quoted are not considered true widths.\n\n\nApproximately $480,000 in exploration expenditures have been made on the\nErie Creek property to date. Jasper Management is very encouraged by the\ninitial results from the property and considers it a property of great\ninterest, particularly with the value of molybdenum ranging between US$25.50\nto US$30.25 per pound over the past year. The Erie Creek assays also contain\nsignificant tungsten and low grade gold and silver. Further work is proposed,\nincluding additional soil sampling, prospecting and geological mapping,\nfollowed by additional diamond drilling in 2007. Particulars of these results\nare explained in further detail below.\n\n\nResults were previously released for Holes 1, 2 and 5 (see Press Release\ndated April 27, 2007). Analyses have been received for holes 3, 7B, 8 and 9,\ntogether with high grade (greater than 100ppm or 0.01%) tungsten results from\nearlier drill holes. High grade tungsten values are pending for the end of\nhole 3, as well as holes 8 and 9 and will be released once received.\n\n\nWeighted average values have been determined for select intervals, as\nfollows:\n\n\n-------------------------------------------------------------------------\n Hole From To Interval Cu Mo W\n Number (m) (m) (m) (%) (%) (%)\n-------------------------------------------------------------------------\n 3 38.71 44.80 6....