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Jasper Mining Corporation - Management discussion of results to date on McFarlane property
Trading Symbol: JSP (TSX-V) CALGARY, June 20 /CNW/ - Jasper Mining Corporation (the "Company") co...
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[{"type":"text","content":"\n\n\n\nTrading Symbol: JSP (TSX-V)\n\n\nCALGARY, June 20 /CNW/ - Jasper Mining Corporation (the "Company")\ncontinues to receive anomalous to high grade molybdenum results from almost\nevery hole reported to date as part of its Phase II drill program on the\nMcFarlane property. A total of 93 holes have been completed on the property,\nwith 81 completed in Phase II.\n\n\nTo summarize the program to date, the Company's initial exploratory\nprogram in 2006 consisted of a total of 7 drill holes from 3 drill pads,\nresulting in recovery of 1,821 metres of drill core, intended to follow-up\nanomalous surface soil results. The subsequent Phase I program in 2007\ncomprised 5 drill holes from 5 pads, totaling 1,210 metres of drill core,\nintended to evaluate more aggressive anomalies proposed by Aeroquest from\ntheir airborne geophysical survey flown in 2006. The subsequent Phase II drill\nprogram of 81 drill holes was initiated to test a mineralized vein system\nidentified between two adits documented on the property (see News Release\ndated January 21, 2008). Phase II drilling commenced in the fall of 2007, with\nan initial 21 drill holes completed by mid-December.\n\n\nSince re-mobilizing to the property on Feb. 12, 2008 to continue the\nPhase II program, a total of 60 additional drill holes have been completed\nalong the existing road network between the two adits, resulting in recovery\nof approximately 14,580 metres of drill core. Therefore, approximately 17,600m\n of drill core has been recovered by the Company from the McFarlane property\nto date. Drill holes vary between 100 and 370 m in length and have been\ndrilled to further develop and evaluate amolybdenite-bearing vein system which\ncontains very encouraging grades of mineralization as documented in hundreds\nof mineralized intercepts documented to date.\n\n\nManagement is very encouraged by the results of the Phase II program to\ndate, particularly with documented molybdenite grades to 3.235 % Mo (5.396%\nMoS(2)) over 0.26 m, and multiple composite widths exceeding 0.100% (0.167%\nMoS(2)) up to 2.83 m (Note: not true width).\n\n\nAnomalous molybdenite mineralization exceeding 100 ppm has been\ndocumented in hundreds of intercepts and from virtually every hole completed\nto date. Molybdenite mineralization varies from coatings several mm thick\nalong vein contact...