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Jasper Mining Corporation reports 224.64 m grading 0.31% Cu.EQ. from hole 50 for the diamond drill program on Isintok property
Jasper Mining Corporation reports 224.64 m grading 0.31% Cu.EQ. from hole 50 for the diamond dril...
About this update from Tuktu Resources Ltd
[{"type":"text","content":"\nJasper Mining Corporation reports 224.64 m grading 0.31% Cu.EQ. from hole 50 for the diamond drill program on Isintok property\n\n\n Apr. 27, 2009 (Baystreet.ca) -- CALGARY -- Jasper Mining Corporation (JSP:TSX-Venture) (the \"Company\") is pleased to release analytical results for samples from holes IS-08-48, 50 and 51 on its 100% owned Isintok property. The property comprises approximately 2,839 ha (7,015 acres or approximately 11.0 square miles), covering the drainage divide between McNulty and Isintok creeks. The property is located west of the Okanagan Valley in south-central British Columbia, approximately 27 km west-southwest of Summerland and 20 km north of Hedley.\n\nA total of 54 drill holes have been completed by the Company on the property to date, with 38 of those holes completed as part of the Company's highly successful 2008 exploration program. Full or partial results have now been released from 27 of these holes. The objective of the 2008 drill program was to evaluate Cu-Mo porphyry style mineralization corresponding with coincident surface soil and Induced Potential (geophysical) anomalies. \nThe holes from which the current results (below) were obtained were drilled from three pads located on the western flank of the coincident anomaly, drilled east at variable azimuths and inclinations. As such, the holes are interpreted to be moderately to highly oblique to mineralization controlled by steeply, generally west dipping structures. \nManagement wishes to emphasize that although the project is currently being evaluated as a Cu - Mo porphyry deposit, numerous very high grade molybdenum intercepts have been documented, with single sample intervals to 4.985% Mo (8.315% MoS(2)) over 0.32 m and composite intervals grading 0.055% Mo (0.092% MoS(2)) over 44.58 m. Local high grade values for silver (40.30 g/t over 1.18 m), Au (2.591 g/t over 1.18 m) and tungsten (0.25% over 1.12 m) have also been documented. \nIn particular, determination of a copper equivalency value (\"Cu. EQ.\") indicates that consistent silver values throughout many of the individual holes reported to date which contribute significantly to the overall Cu. EQ. grade for these holes. In management's opinion, the contribution of copper +/- molybdenum +/- silver and, to a lesser degree, gold values over significant thicknesses has resulted in prelimin...