Trading Symbol: JSP (TSX-V)
CALGARY, Oct. 25 /CNW/ - Jasper Mining Corporation (the "Company") has
mobilized a geophysical crew onto its 100% owned ISINTOK property to undertake
a ground Induced Potential (IP) survey in the area of current interest. The
tenures comprising the property cover an area of approximately 60.3 square km
(23.3 square miles), or 6,029 ha (14,898 acres) at the height of land between
McNulty and Isintok creeks, approximately 27 km west-southwest of Summerland,
BC and 20 km north of Hedley.
The Company's diamond drill results from the property continue to
document copper (Cu) +/- molybdenum (Mo) +/- gold (Au) +/- silver (Ag) from
the area of current interest. A total of 63 percussion and diamond drill holes
have been documented on the property, with 28 percussion or diamond drill
holes in the area of interest, which extends 960 m north-south by 440 m
east-west. Drilling has begun on the second phase of the 2006 exploration
program. Upon conclusion of the second phase of drilling, if all holes are
drilled as planned, the area tested by the Company would extend approximately
930 m north-south by 270 m east-west.
The proposed IP survey consists of a total of approximately 16 line km,
oriented east-west over the area of current interest, as defined by
sub-surface mineralization documented in 28 percussion and diamond drill
holes, located on the fringe of coincident magnetic and resistivity anomalies.
The survey will extend eastward from a prominent magnetic high (tested by
drill holes ISIN-06-1-09 and 10) approximately 800 m east, with the 5 northern
lines approximately 1.4 km in length. The proposed survey extends from regions
characterized by magnetic lows into, and through, magnetic highs and back into
magnetic lows from east to west for the upper 5 lines. The remaining 10 lines
extend from magnetic lows on the east and terminate at the western edge of the
prominent magnetic high.
Management believes the areas characterized by prominent magnetic highs
are younger intrusive phases overlying older, more altered and potentially
mineralized phases. The IP survey is anticipated to "see" to a depth of
approximately 300 m vertically below surface. Ideally, the results of the IP
survey are expected to allow identification of the extents of sub-surface
mineralization and possible areas of higher grade mineralization on which to
focus subsequent drill programs.
In addition, the Company has re-mobilized its soil crew to extend the
soil grid in the area of interest farther to the west and north so as to
encompass the surface extent of anomalous soil results. The previous grid
documented a number of highly anomalous values (including copper to 1635 ppm)
at surface on the east edge of the grid. The grid is being extended
approximately 600 metres east, with the entire grid extending another 300 m
north. Once completed, the grid will have been covered by the proposed IP
survey and have complete soil coverage with which to compare to the airborne
geophysical results (see Press Release dated June 21, 2006) and sub-surface
drill results. The anticipated outcome of an analysis of these data is a
better understanding of the controls on mineralization and optimum sub-surface
locations for subsequent diamond drilling.
The IP survey is expected to be completed in approximately two weeks,
with the soil program completed a week to ten days later. The final results of
these programs are expected by the end of November.
The Company continues to be very encouraged by results on our ISINTOK
property, which continue to document anomalous copper-molybdenum +/- silver
+/- gold porphyry style mineralization. Holes ISIN-06-09 and 10 represent the
deepest holes completed on the property to date and documented anomalous
mineralization at depth. Mineralization currently identified remains open at
depth and in all directions (north/south/east/west).
This press release has been prepared by Richard T. Walker, B.Sc., M .Sc.,
P. Geo., the "Qualified Person" under National Instrument 43-101.
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