Trading Symbol: JSP (TSX-V)
CALGARY, Aug. 28 /CNW/ - Jasper Mining Corporation (the "Company") has
received additional results from its diamond drill program on its 100% owned
Isintok property. The Isintok property comprises approximately 6,029 ha
(14,898 acres), covering the drainage divide between McNulty and Isintok
creeks, located approximately 27 km west-southwest of Summerland, BC and 20 km
north of Hedley.
In general, results reported from the property consistently document
weakly to locally, relatively strongly anomalous copper (Cu) + / - molybdenum
(Mo) +/- gold (Au) +/- silver (Ag) over a considerable portion of the
property. The ongoing objective of the Company's exploration program is to
locate, and define, a copper-molybdenum +/- silver +/- gold porphyry style
deposit similar to the Brenda Mine, located approximately 40 km north of the
Isintok property, west of Peachland. "The Brenda mine began production in
early 1970 with measured geological (proven) reserves of 160,556,700 tonnes
grading 0.183 per cent copper and 0.049 per cent molybdenum at a cutoff of 0.3
per cent copper equivalent (eCu (equal sign) % Cu + (3.45 x % Mo))" (BC MINFILE
092HNE047) (Note: reported prior to implementation of, and therefore not
compliant with, National Instrument 43-101).
In previous Press Releases (dated August 11, 2006) the Company announced
initial results of analyses from the first diamond drill hole (ISIN-06-01). A
total of 11 diamond drill holes were completed on the Isintok property as part
of the 2006 exploration program.
The Company has received and reviewed additional results for the first
five drill holes, including reanalysis of several high grade intercepts
pending from holes 2 to 4. Results from hole ISIN-06-01 were released August
11th. The following are results from drill holes 2 to 5. Holes 1 to 4 were
drilled from pad 1, with hole five being the first of four holes drilled from
pad 2.
The following is a tabulation of weighted averages for selected intervals
from holes 2 to 5.
<<
-------------------------------------------------------------------------
From (m) To (m) Interval (m) Cu (%) Mo (%)
-------------------------------------------------------------------------
Hole 2
-------------------------------------------------------------------------
8.30 197.81 189.51 0.024 0.001
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
9.79 63.09 53.30 0.073 0.002
-------------------------------------------------------------------------
41.79 61.55 19.76 0.117 0.004
-------------------------------------------------------------------------
Hole 3
-------------------------------------------------------------------------
9.75 230.42 220.33 0.072 0.003
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
11.32 69.49 58.17 0.109 0.001
-------------------------------------------------------------------------
103.02 176.83 73.81 0.093 0.003
-------------------------------------------------------------------------
Hole 4
-------------------------------------------------------------------------
11.28 188.05 176.77 0.060 0.000
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
13.41 38.17 24.76 0.381 0.001
-------------------------------------------------------------------------
Hole 5
-------------------------------------------------------------------------
3.84 276.44 272.60 0.065 0.012
-------------------------------------------------------------------------
including
-------------------------------------------------------------------------
17.37 128.62 111.25 0.093 0.013
-------------------------------------------------------------------------
17.37 85.95 68.58 0.109 0.012
-------------------------------------------------------------------------
40.27 85.95 45.68 0.122 0.013
-------------------------------------------------------------------------
226.15 271.86 45.71 0.086 0.013
-------------------------------------------------------------------------
The following tabulation is comprised of high grade analytical results
from individual core samples.
-------------------------------------------------------------------------
From To Interval Cu Mo Ag Au
(m) (m) (m) (%) (ppm) (ppm) (ppb)
-------------------------------------------------------------------------
Hole 2
-------------------------------------------------------------------------
14.32 15.84 1.52 0.150 1.5 0.5 12
-------------------------------------------------------------------------
18.84 20.42 1.58 0.150 5.9 0.8 28.4
-------------------------------------------------------------------------
20.42 21.94 1.52 0.165 0.4 2.4 20.5
-------------------------------------------------------------------------
41.79 43.33 1.54 0.271 180.3 1.8 9.2
-------------------------------------------------------------------------
46.32 47.85 1.53 0.400 59.5 2.4 20.5
-------------------------------------------------------------------------
47.85 49.37 1.52 0.250 71.3 1.7 23.2
-------------------------------------------------------------------------
56.99 58.50 1.51 0.156 31.1 1.0 6.5
-------------------------------------------------------------------------
58.50 59.17 0.67 0.393 267.8 2.5 19.2
-------------------------------------------------------------------------
166.72 168.21 1.49 0.016 219.3 0.5 4.7
-------------------------------------------------------------------------
Hole 3
-------------------------------------------------------------------------
11.32 12.80 1.48 0.140 6.3 0.6 21
-------------------------------------------------------------------------
20.42 21.93 1.51 0.190 20.8 1.0 4.7
-------------------------------------------------------------------------
28.04 29.58 1.54 0.118 1.5 0.8 6.3
-------------------------------------------------------------------------
29.58 31.09 1.51 0.260 8.1 1.3 6.3
-------------------------------------------------------------------------
44.80 46.32 1.52 0.150 3.3 1.4 27.8
-------------------------------------------------------------------------
46.32 47.85 1.53 0.296 36.1 2.4 43.3
-------------------------------------------------------------------------
60.35 61.84 1.49 1.719 23.3 12.9 403.2
-------------------------------------------------------------------------
61.84 63.40 1.56 0.280 163.1 2.0 68.6
-------------------------------------------------------------------------
67.97 69.49 1.52 0.360 0.3 3.2 58.4
-------------------------------------------------------------------------
103.02 104.23 1.21 0.265 17.3 1.8 43.8
-------------------------------------------------------------------------
104.23 104.45 0.22 5.680 4130 26.3 1227.9
-------------------------------------------------------------------------
104.45 106.11 1.66 0.523 52.7 3.0 73.0
-------------------------------------------------------------------------
109.11 110.63 1.52 0.236 31.4 1.6 55.0
-------------------------------------------------------------------------
112.16 113.66 1.50 0.181 3.1 1.4 63.3
-------------------------------------------------------------------------
128.93 130.45 1.52 0.151 12.9 0.8 153.3
-------------------------------------------------------------------------
136.54 138.08 1.54 0.138 12.6 0.5 15.5
-------------------------------------------------------------------------
139.59 141.10 1.51 0.147 77.1 0.9 19.9
-------------------------------------------------------------------------
159.40 160.93 1.53 0.237 155.0 1.5 38.9
-------------------------------------------------------------------------
163.97 165.5 1.53 0.143 93.7 1.5 50.8
-------------------------------------------------------------------------
165.50 167.02 1.52 0.157 163.1 1.4 38.2
-------------------------------------------------------------------------
170.07 171.58 1.51 0.251 61.1 1.2 51.1
-------------------------------------------------------------------------
176.60 176.72 0.12 6.735 2640.0 60.3 870.6
-------------------------------------------------------------------------
176.72 176.83 0.11 0.211 770.9 2.3 112.2
-------------------------------------------------------------------------
196.89 198.44 1.55 0.112 25.6 1.2 31.6
-------------------------------------------------------------------------
204.46 205.98 1.52 0.188 1.3 1.7 35.1
-------------------------------------------------------------------------
209.4 210.52 1.12 0.115 3.5 0.7 9.2
-------------------------------------------------------------------------
216.6 218.12 1.52 0.115 64.1 1.1 27.9
-------------------------------------------------------------------------
Hole 4
-------------------------------------------------------------------------
13.41 14.93 1.52 0.118 0.4 0.1 less than
0.5
-------------------------------------------------------------------------
14.93 16.46 1.53 0.146 0.4 0.1 1.9
-------------------------------------------------------------------------
17.37 18.89 1.52 0.133 0.5 0.5 4.2
-------------------------------------------------------------------------
20.42 21.94 1.52 0.469 1.4 2.1 50.7
-------------------------------------------------------------------------
21.94 23.47 1.53 0.368 2.5 1.2 62.1
-------------------------------------------------------------------------
23.47 24.99 1.52 0.362 10.6 1.5 31.4
-------------------------------------------------------------------------
24.99 26.52 1.53 0.593 5.5 4.1 64.0
-------------------------------------------------------------------------
26.52 28.02 1.50 1.414 60.0 8.2 111.6
-------------------------------------------------------------------------
28.02 29.56 1.54 1.311 27.8 6.9 145.5
-------------------------------------------------------------------------
29.56 31.08 1.52 0.430 9.2 1.0 21.0
-------------------------------------------------------------------------
31.08 32.61 1.53 0.392 3.9 2.0 24.8
-------------------------------------------------------------------------
32.61 34.21 1.60 0.749 13.1 3.2 62.2
-------------------------------------------------------------------------
36.87 38.17 1.30 0.151 2.4 2.8 35.7
-------------------------------------------------------------------------
Hole 5
-------------------------------------------------------------------------
6.66 8.23 1.57 0.102 65.0 0.5 83.4
-------------------------------------------------------------------------
17.37 18.89 1.52 0.160 98.0 2.3 52.2
-------------------------------------------------------------------------
21.94 23.47 1.53 0.233 41.2 5.7 89.5
-------------------------------------------------------------------------
31.13 32.61 1.48 0.138 49.0 1.3 27.2
-------------------------------------------------------------------------
32.61 34.14 1.53 0.169 488.4 0.7 15.1
-------------------------------------------------------------------------
40.27 41.76 1.49 0.293 32.7 1.0 14.2
-------------------------------------------------------------------------
49.30 50.90 1.60 0.147 51.2 0.6 4.9
-------------------------------------------------------------------------
50.90 52.43 1.53 0.150 40.0 0.6 8.1
-------------------------------------------------------------------------
52.43 53.95 1.52 0.109 56.2 0.4 3.8
-------------------------------------------------------------------------
55.47 56.99 1.52 0.449 1786.6 8.1 256.4
-------------------------------------------------------------------------
56.99 58.52 1.53 0.732 446.5 11.8 208.8
-------------------------------------------------------------------------
58.52 60.04 1.52 0.123 136.6 2.4 56.8
-------------------------------------------------------------------------
75.28 76.81 1.53 0.114 2.0 0.6 7.6
-------------------------------------------------------------------------
79.85 81.38 1.53 0.624 1014.3 3.1 50.0
-------------------------------------------------------------------------
84.43 85.95 1.52 0.135 1.5 1.0 13.3
-------------------------------------------------------------------------
105.76 107.29 1.53 0.239 459.4 1.1 40.7
-------------------------------------------------------------------------
119.48 121.00 1.52 0.266 338.3 2.0 61.0
-------------------------------------------------------------------------
121.00 122.53 1.53 0.438 1199.2 2.4 43.8
-------------------------------------------------------------------------
124.05 125.58 1.53 0.154 259.1 1.1 36.5
-------------------------------------------------------------------------
125.58 127.10 1.52 0.122 59.3 1.0 28.0
-------------------------------------------------------------------------
127.10 128.62 1.52 0.148 948.1 2.3 68.6
-------------------------------------------------------------------------
139.29 140.81 1.52 0.118 10.4 0.7 21.0
-------------------------------------------------------------------------
159.10 160.62 1.52 0.186 429.3 1.0 24.4
-------------------------------------------------------------------------
168.24 169.77 1.53 0.134 752 1.2 17.4
-------------------------------------------------------------------------
172.81 174.34 1.53 0.176 6.2 1.2 14.9
-------------------------------------------------------------------------
227.67 229.17 1.50 0.148 44.1 0.5 6.6
-------------------------------------------------------------------------
232.25 233.77 1.52 0.123 26.4 0.4 5.9
-------------------------------------------------------------------------
235.30 236.82 1.52 0.163 146.3 0.5 5.3
-------------------------------------------------------------------------
236.82 238.35 1.53 0.188 91.2 0.6 5.1
-------------------------------------------------------------------------
238.35 239.87 1.52 0.121 39.1 0.4 10.0
-------------------------------------------------------------------------
241.40 242.91 1.51 0.137 106.7 0.4 9.8
-------------------------------------------------------------------------
242.91 244.45 1.54 0.131 117.1 0.5 11.9
-------------------------------------------------------------------------
244.45 245.96 1.51 0.199 76.4 0.6 11.5
-------------------------------------------------------------------------
245.96 247.46 1.50 0.104 108.6 0.3 8.6
-------------------------------------------------------------------------
249.01 250.51 1.50 0.129 119.3 0.4 5.2
-------------------------------------------------------------------------
250.51 252.06 1.55 0.137 1661.3 0.5 5.1
-------------------------------------------------------------------------
262.75 264.25 1.50 0.137 96.9 0.4 13.2
-------------------------------------------------------------------------
270.34 271.86 1.52 0.122 44.7 0.4 9.5
-------------------------------------------------------------------------
>>
The core comprising the sampled intervals was cut with a rock saw, with
one half submitted for analysis and one half retained for subsequent analysis.
The core was submitted to Acme Analytical Laboratory Ltd in Vancouver, BC for
Group 1DX analysis. Samples that returned Cu results greater than 10,000 ppm,
Mo results greater than 2000 ppm, W results greater than 200 ppm and/or Ag
results greater than 100 ppm, representing the upper detection limit for the
Group 1DX package, were re-submitted for reanalysis. Group 7AR - 1.00 gm
analysis was utilized for more quantitative determination of high grade Cu
results. Group 7KP - 0. 50 gm analysis was utilized for more quantitative
determination of high grade Mo and/or W (tungsten) results. Sampled intervals
averaged approximately 1.52 m (5 feet) except for a number of high grade
mineralized intervals for which shorter sample intervals were utilized.
With respect to Fugro airborne geophysical data previously described (see
Press Release dated Nov. 16, 2005), the area of current interest with regard
to the 2006 drill program is located on the east - southeast fringe of a
prominent magnetic anomaly, which is elongated in a north-south direction. A
second smaller magnetic anomaly lies to the south-southeast, possibly
representing a tail to the larger anomaly. Pad 1 was located on the western
fringe of the small magnetic anomaly, while pad 2 (hole 5 to 8) was located on
the eastern fringe. Pad 3 (hole 9) was collared in the core of the magnetic
anomaly while pad 4 (hole 10) was located at the southeast fringe of the large
anomaly along the magnetic trend defined between the two magnetic anomalies in
the immediate area.
<<
Pertinent drill collar information is tabulated below
-------------------------------------------------------------------------
Holes Azimuth Inclination
-------------------------------------------------------------------------
ISIN-06-02 00 degrees -90 degrees
-------------------------------------------------------------------------
ISIN-06-03 073 degrees -65 degrees
-------------------------------------------------------------------------
ISIN-06-04 245 degrees -45 degrees
-------------------------------------------------------------------------
ISIN-06-05 049 degrees -45 degrees
-------------------------------------------------------------------------
>>
With respect to resistivity data, pads 2 and 4 are located along the high
resistivity fringe of a broadly northeast-southwest trending anomaly, with pad
4 in a moderately resistive anomaly and pad 1 in an area characterized by
slightly less resistive material. One of the on-going objectives of the
Company's drill program is to understand the airborne geophysical data with
regard to sub-surface drill information (as well as surface geochemistry).
The Company continues to be very encouraged by the results from the 2006
drill program. One conclusion arising from the 1997 program by Verdstone Gold
Corp. was that mineralized veins were steeply west dipping and that the
optimum orientation for drilling was toward azimuth 050 degrees at an
inclination of -45 degrees. Drilling in late 2005 and 2006 appears to support
this conclusion in the area under current evaluation. However, management
believes the mineralization documented to date may represent the eastern
portion of a mineralized annulus. A review of the airborne geophysical data
with regard to all available drill results from the immediate area of the
Company's 2005 and 2006 drill holes are interpreted to support the possibility
that the results define a mineralized annulus. This annulus (and several other
possible annuli tentatively identified on Jasper's Isintok property) represent
interpreted porphyry style deposit with potential for large tonnage. Further
drilling on the most clearly defined annulus is expected to increase the
volume of known mineralization, while representing potential to define higher
grade mineralization within the annulus itself.
This press release has been prepared by Richard T. Walker, B.Sc., M .Sc.,
P. Geo., the "Qualified Person" under National Instrument 43-101.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
