Trading Symbol: JSP (TSX-V)
CALGARY, Sept. 6 /CNW/ - Jasper Mining Corporation (the "Company") is
pleased to announce it has received preliminary results from an Aeroquest
International ("Aeroquest") airborne geophysical program on its 100% owned
Storm King property, located approximately 50 km west of Cranbrook, BC and
approximately 15 km east of Kootenay Lake. The property consists of four
mineral tenures, comprising a total of approximately 986 ha (2,436 acres).
The property is located at the northeasternmost exposure of the
Cretaceous Mt. Skelly Pluton, correlated to the Bayonne Magmatic Suite (BMS).
Since 1999, a number of studies have been completed by the BC Geological
Survey Branch pertaining to the BMS, which is interpreted to have potential
for intrusion-related gold deposits analogous to the Tintina Gold Belt in the
Yukon and Alaska. Several of these studies emphasized the potential of the Mt.
Skelly Pluton. The Storm King property was acquired to cover the Copper King
(082FNE065) and Storm King (082FSE008) MINFILE occurrences. Review of MINFILE
descriptions and limited information from available Assessment Reports
describe a swarm of quartz veins up to 50 feet (15 m) thick associated with
the northern contact of the Mt. Skelly Pluton. A number of shafts and adits
have been described from previous historical work on Crown Grants in the area.
Mineralization has been documented in association with these previous
workings. "A shaft was sunk on mineralized quartz; the dump contains a small
pile of sorted ore heavily mineralized with pyrite, tetrahedrite, galena, and
a little chalcopyrite and arsenopyrite. A selected sample rich in galena and
tetrahedrite analysed 0.31 per cent tin; recent samples of such material
yielded assays of up to 4.5 grams per tonne gold and 310 grams per tonne
silver ..." (MINFILE 082FSE008). One of the Assessment Reports documents
several grab samples which reportedly returned up to 1.9% copper. In addition,
molybdenite, scheelite and stibnite have been described from the property,
interpreted to occur in concentric zones hosted by hornfelsed sediments in the
metamorphic aureole of the intrusion.
An Aeroquest airborne geophysical survey was recently completed on the
Storm King property and the Company is in receipt of the preliminary data,
comprised of electromagnetic, magnetic and radiometric data. Electromagnetic
("EM") data is expected to identify and delineate possible conductors, which
may include faults and/or mineralized veins. Magnetics is expected to allow
differentiation of intrusive phases from sedimentary strata hosting the
intrusions and, therefore, allow possible identification of one possible
control to mineralization. Finally, the radiometric portion of the survey
detects the response of three radioactive elements, specifically, potassium,
thorium and uranium. Again, radiometrics may allow the Company to
differentiate separate intrusive phases.
The preliminary data received indicates a large electromagnetic ("EM")
anomaly at least 900 metres from east to west in the immediate area of the
Copper King occurrence and two smaller (less than 850 m long) EM anomalies in
the immediate area of the Storm King occurrence. The magnetic data appears to
document a northward projecting magnetic tail which progressively decreases in
strength to the north. This may represent a tail to the Mount Skelly Pluton
underlying the Storm King property (possibly providing a source of mineralized
fluids and/or a local heat source). The Copper King and Storm King MINFILE
occurrences, and the corresponding EM anomalies, lie on the east flank of this
magnetic tail.
The radiometrics are all relatively similar, showing three general
anomalous areas, one overlying the northward projecting magnetic anomaly,
which broadly corresponds to the northward tapering margin of the Mount Skelly
Pluton. The second anomaly is a north-south trending anomaly slightly
displaced to the east-northeast while the third is a broad, north-south
trending anomaly displaced slightly farther east-northeast again. The two
anomalies successively displaced to the east-northeast may document blind
(i.e. near surface, not exposed at surface) intrusives, the most northeasterly
of which underlies both the Copper King and Storm King mineralized
occurrences.
The preliminary results of the Aeroquest survey are very exciting with
regard to their interpreted potential and initial interpretation of the
preliminary data suggest further evaluation of the property is warranted. The
Company is awaiting the final report from Aeroquest with interpretation of
results and identification of favourable anomalies from the survey. The final
report is expected within the next four to six weeks. A review of the data
with representatives of Aeroquest is tentatively scheduled for mid-September.
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.
