Trading Symbol: JSP (TSX-V)
CALGARY, Sept. 5 /CNW/ - Jasper Mining Corporation (the "Company") is
pleased to announce preliminary airborne geophysical results from the
Company's 100% owned Sanca property, located immediately east of Kootenay Lake
near the community of Kuskanook, BC. The property lies between Sanca Creek (to
the south) and Akokli Creek (to the north) and is underlain by the Sanca
Stock, immediately adjacent to the Mount Skelly Stock, both of which are
Cretaceous age intrusions correlated to the Bayonne Magmatic Suite. Previous
work completed on these intrusions by the BC Geological Survey Branch
suggested they may have intrusion-related gold potential. Numerous MINFILE
occurrences within, and immediately adjacent to, the property, confirm the
presence of polymetallic vein type mineralized occurrences, including the
Valparaiso and Government vein systems, with reported metals including copper,
gold, lead, silver and zinc.
An Aeroquest International ("Aeroquest") airborne geophysical survey was
recently completed on the Sanca property and the Company is in receipt of the
preliminary data, comprised of electromagnetic, magnetic and radiometric data.
Electromagnetic ("E M") 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 Electromagnetic data document a number of strong anomalies generally
located around the periphery of the intrusion. There are at least five large
single or composite EM anomalies (in excess of 1 km length on the map) located
around the margin of the intrusion, with most along the western margin. Two
are broadly coincident with portions of Akokli Creek, however, in detail they
are slightly oblique to the creek and may represent sub-surface features
trending northeast out of the valley. Given the documented MINFILE occurrences
previously reported from the host sediments surrounding the Sanca and Mt.
Skelly stocks, these are considered as prospective targets for further
evaluation, subject to re-evaluation of the final processed data.
Within the intrusion itself, a large number of small EM anomalies are
evident. Many of these may represent subtle EM effects arising from variations
within the intrusion, however, in areas of known mineralization (such as those
documented in the BC Government's MINFILE database), small anomalies are
present. The trend of the anomalies appears to be oblique to the reported
trend of the vein system documented but it may be that the EM anomalies are
indicative of more conductive portions of an echelon vein system (such as the
Government - Valparaiso / Sarah - Sarah 2nd / Royal MINFILE occurrences).
Furthermore, it may be that linear artifacts within the preliminary data (i.e.
flight lines), may dominate more subtle anomalous sub-surface responses in the
preliminary data. The anomalies will be re-evaluated upon receipt of the final
processed data.
The magnetic data appears to respond to the intrusion itself, with areas
having a higher magnetic response corresponding to topographic highs, while
creek drainages and valley bottoms are characterized by magnetic lows. If
correct, this may indicate the Sanca Stock is more of a sheet-like intrusion
than a stock, however, this interpretation would need to be evaluated against
the final processed data.
In addition, there are at least three relatively narrow linear anomalies
that may represent dykes, having a magnetic signature ranging between 1.4 and
3.0 km in length. The longest trends toward the Hope of Discovery (MINFILE
082FSE044) described as hosting mineralization in a quartz vein ranging from
2 1/2 to 4 feet wide and "... mineralized with irregular disseminations,
stringers, and 2 bunches of pyrite and chalcopyrite and stains of copper
carbonates". ... "Grab samples from small piles of selected material derived
from these workings assayed ..." up to 0.02 o.p.t. Au, 1.1 o.p.t. Ag and 4.21%
Cu.
"The main mineral occurrence is ... a galena-bearing quartz vein ranging
in width from 1 inch to 2.3 feet over an exposed length of 200 feet. ...
Galena occurs in bands and pockets within the quartz and in minor
concentrations in the bedding planes of the limestone adjacent to the vein.
Minor scattered disseminations of galena are in the blue-grey limestone beyond
the end of the vein" (Minister of Mines Report 1956).
While the reported thickness is minor, the magnetic signature, in
contrast, suggests greater width potential (if associated with the MINFILE
occurrence). Furthermore, the strongest portion of the anomaly (within the
property boundaries) lies to the southwest of the reported location of the
Hope of Discovery occurrence, interpreted to suggest potential for increasing
the known extent of this vein system (if subsequently correlated to the vein
system).
The radiometric data, for the most part, appears to differentiate the
intrusive stock from host sediments. The data for Thorium, however, appears to
be coincident with two of the EM anomalies along, and north of, Akokli Creek
in the northwest corner of the survey. Again, one anomaly is broadly
coincident with Akokli Creek and may document a surface effect, however, the
second anomaly lies along a topographic high and is considered a bedrock
anomaly. Furthermore, the 3.0 km long magnetic anomaly is coincident with, and
lies along, the southwest edge of the thorium anomaly. Coincident magnetic,
electromagnetic and radiometric (thorium) anomalies is believed to warrant
further investigation.
The preliminary results of the Aeroquest survey are very interesting 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.
In addition, further soil sampling has been completed on the Sanca
property as part of the 2006 field program. The results of the 2006 samples
will be compiled together with soil results from previous programs. The
results of both soil samples and airborne geophysics will be utilized to
identify potentially anomalous areas for subsequent follow-up work.
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.
