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Jasper Mining Corporation - Further high grade results from diamond drill program on Isintok Property
CALGARY, Nov. 3 /CNW/ - Jasper Mining Corporation (the "Company") has received analytical results...
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\n\n\n\nCALGARY, Nov. 3 /CNW/ - Jasper Mining Corporation (the "Company") has\nreceived analytical results from the bottom of hole 36, together with\nadditional infill sampling for two holes previously released from its 100%\nowned Isintok property. The property comprises approximately 2,839 ha\n(7,015 acres or approximately 11.0 square miles), covering the drainage divide\nbetween McNulty and Isintok creeks. The property is located west of the\nOkanagan Valley in south-central British Columbia, approximately 27 km\nwest-southwest of Summerland and 20 km north of Hedley.\n\n\nHole IS-08-54 was the final hole drilled for the Company's highly\nsuccessful 2008 exploration program, bringing to 38 the total number of\ndiamond drill holes completed to date as part of the 2008 exploration program,\nin addition to the initial 16 hole drill program completed during the 2006\nfield season. The holes continue the Company's evaluation of sub-surface\nmineralization corresponding to coincident surface soil and Induced Potential\nanomalies.\n\n\nHole 36 was drilled along the west flank of the coincident anomaly,\noriented eastward into mineralization controlled by steeply, generally west\ndipping structures. As a result, it is interpreted to have been drilled at a\nmoderate angle to the controlling structures.\n\n\nResults for holes 19 and 20 were previously released (see News Release\ndated September 18, 2008), however, additional sampling has been completed so\nas to sample the complete mineralized intervals reported herein. Holes 19 and\n20 were drilled on the east flank of the coincident anomaly, with the holes\ndirected to the west.\n\n\nManagement also wishes to emphasize the point that while the project is\ncurrently being evaluated as a Cu - Mo porphyry deposit, numerous very high\ngrade molybdenum intercepts have been documented, with single sample intervals\nto 3.985% Mo (6.647% MoS(2)) over 0.32 m and composite intervals grading\n0.055% Mo (0.092% MoS(2)) over 44.58 m. Local high grade values for silver\n(40.30 g/t over 1.18 m), Au (2.591 g/t over 1.18 m) and tungsten (0.25% over\n1.12 m) have also been documented.\n\n\nThe following table is a compilation of high grade analytical results for\ncopper +/- molybdenum +/- silver +/- gold for holes (IS-08-19, 20 and lower\npart of 36).\n\n\n-----------------------------------...