Trading Symbol: JSP (TSX-V)
CALGARY, Feb. 16 /CNW/ - Jasper Mining Corporation (the "Company") has commenced mobilizing on to its 100% owned Erie Creek property located north of Salmo and south of Nelson, in southeastern British Columbia. The property comprises a total of 4,340 ha (10,727 acres), extending 10.3 kilometres north-south by 7.3 kilometres east-west, consisting of 13 contiguous mineral tenures over an area of approximately 70 square kilometres.
A cat has been mobilized onto the program to plow the road in preparation for the arrival of the diamond drill on Monday, February 19, 2007. An amended exploration permit has been approved for a total of eight drill pads. The pads are all located along existing roads, requiring minimal preparation for drilling. Diamond drilling is anticipated to commence late Monday afternoon to evening. The proposed drill program intends to follow-up surface soil results previously reported (see Press Release dated February 7, 2007) which are interpreted to delineate the Erie Creek Stock very well. The eight pads are located entirely within the geochemically defined boundaries of the stock, extending from the margin to the core.
The emphasis of this preliminary program is to test the interpreted
Hattie porphyry occurrence (BC MINFILE 082FSW 226) described as follows:
"Mineralization on the property occurs roughly in four concentric
zones. An inner quartz-molybdenum plus scheelite zone followed by a
chalcopyrite zone, a pyrite-pyrrhotite zone and an outer sphalerite-
galena zone. The inner zone is approximately 600 metres in diameter
and is centered on the east side of Erie Creek. The host rocks are
quartz monzonite dykes, stocks and white rhyolite. The chalcopyrite
zone occurs over an area of 1.5 to 2 kilometres and occurs in quartz
and sulphide veinlets as fracture coatings and in shear veins with
pyrite, pyrrhotite and minor amounts of scheelite. The best copper
values obtained, up to 1.3 per cent, were from vein and dump samples
mainly from old workings on the west side of Erie Creek (Drum Lummon,
Cooper King, Dora, Homestake). Pyrite and pyrrhotite, in an area
about 1.5 by 2.5 kilometres, occur finely disseminated and as
fracture coatings. Sphalerite and galena with some gold occur in
shear veins beyond the inner zone, such as the Arnold (082FSW301) and
Ben Hassen (082FSW300) showings.
The inner quartz-molybdenite plus or minus scheelite zone is
approximately centered on the Hattie or June 2 claim. Host rocks are
quartz monzonite dykes and stock, and white rhyolite. Grades in the
zone range from 0.01 to 0.059 per cent molybdenum; 0.0166 to 0.196
per cent copper and 0.005 to 0.14 per cent tungsten (Assessment
Report 15510). Best results reported by McIntyre Porcupine Mines were
85 metres of 0.115 per cent MoS(2) and 0.05 per cent copper,
including 30 metres of 41.14 grams per tonne silver (Assessment
Report 15510)".
The concluding statement from the BC MINFILE report for the Hattie occurrence states: "The mineralization is believed to be part of a zoned porphyry-type deposit which has a central quartz vein stockwork zone containing molybdenum-copper-tungsten mineralization and a peripheral zone with veins containing copper, lead, zinc and silver mineralization. This showing is interpreted as occurring in the central stockwork zone".
Further field work is proposed on the remainder of the property in an attempt to determine the nature of the lead-zinc anomaly and potential for polymetallic to base metal vein potential.
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.