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Jasper Mining Corporation Initiates IP Geophysical Program and Further Drilling on McFarlane Property
Trading Symbol: JSP (TSX-V) www.jaspermining.com CALGARY, Jan. 21 /CNW/ - Jasper Mining Corporati...
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[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX-V)\n\n\nwww.jaspermining.com\n\n\nCALGARY, Jan. 21 /CNW/ - Jasper Mining Corporation initiated a ground\ngeophysical survey on the McFarlane property on January 14, 2008. The survey\nis intended to further delineate the high grade molybdenum vein system\npreviously reported in two adits (Ben Derby MINFILE occurrence 082FNE125) and\nJasper's previous drill programs, reported in News Releases dated July 27,\n2006, July 4, 2007 and December 11, 2007.\n\n\nThe Induced Potential (IP) survey consists of tightly spaced survey lines\nto detect one or more targets characterized by a geophysical response. The\nsurvey will consist of 11 lines spaced 50 metres apart and approximately 600\nmetres in length. A preliminary interpretation of the IP surface geophysical\nsurvey should be available towards the end of January 2008.\n\n\nThe IP survey is intended to test and identify the high grade molybdenum\nbearing quartz veins that have been identified on the visual examination of\nthe drill cores from the November/December 2007 diamond drill program. It is\nanticipated that the IP program will be able to identify the molybdenum\nbearing veins and show the extension of the veins from the diamond drill\nintersections.\n\n\nVisual inspection of the drill cores from the November/December 2007\ndiamond drill program have identified what appears to be high grade molybdenum\nin quartz veins. Assays for this program should be available for publication\nduring February 2008.\n\n\nThe 2007 program on the McFarlane property consisted of 25 drill holes.\n21 of these drill holes were drilled to test the high grade molybdenum vein\nsystem which extends east from the Ben Derby adit to the second adit\nidentified on the property. The area between the two adits, and further east,\nis interpreted to comprise the core of the high grade vein system. Jasper\nspeculates that the veining identified to date comprises the uppermost levels\nof a molybdenum porphyry system.\n\n\nJasper intends to continue drilling the vein system on the McFarlane\nproperty and plans to mobilize further drilling during January 2008. Based on\nJasper's interpretation some deeper holes will be drilled through the vein\nsystem in an attempt to identify the possible molybdenum porphyry system.\n\n\nThe McFarlane and adjoining Lydy properties comprise approxima...