Trading Symbol: JSP (TSX-V)
CALGARY, March 15 /CNW/ - Jasper Mining Corporation has compiled all
available results from percussion and diamond drill programs completed by
previous operators on ground currently covered by the Company's 100% owned
ISINTOK property. The property consists of 1,678 ha (4,146 acres), located
approximately 25 km west-southwest of Summerland, BC and 20 km north of
Hedley. Data have been compiled for a total of 54 drill holes, comprised of
11 diamond drill holes (of which 4 were recently completed by Jasper (see
Press Releases dated Jan. 18 and Feb. 17, 2006) and 43 percussion drill holes.
In general, the results consistently document weakly to relatively strong
anomalous copper +/- molybdenum +/- gold +/- silver over a considerable
portion of the property. The ongoing objective of the Company's program is to
locate, and define, a copper-molybdenum gold porphyrystyle 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).
Given the above as the deposit model for the Isintok property, then
Jasper requires approximately 1830 ppm copper and 490 ppm molybdenum, or the
copper equivalent (as stated above). Therefore, the following tabulation of
drill hole results includes all documented mineralized intercepts to date
having greater than or equal to 50 metres grading greater than or equal to
400 ppm copper and/or greater than or equal to 100 ppm molybdenum. In
addition, there are a number of relatively short (3-20 m) intervals having
high grade mineralization (greater than or equal to 2000 ppm copper) tabulated
as well. Similar high grade intervals grading between 500 and 2000 ppm copper
were documented but not included in the following tabulation.
<<
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Hole No. From To Interval Cu Cu Mo Mo %
(m) (m) (m) ppm % ppm
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72-1 PDH 2.40 75.60 73.20 400 0.04 20.0 0.002
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72-2 PDH 2.40 75.60 73.20 600 0.06 40 0.004
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including PDH 42.00 72.50 30.50 1100 0.11 30.0 0.003
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including PDH 54.30 72.50 18.20 1200 0.12 30.0 0.003
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including PDH 60.40 66.40 6.00 2000 0.20 70.0 0.007
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72-3 PDH 2.40 66.40 64.00 300 0.03 20.0 0.002
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including PDH 45.10 48.20 3.10 1500 0.15 10.0 0.001
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72-4 PDH 17.60 20.80 3.20 4700 0.47 110 0.011
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including PDH 32.90 51.20 18.30 3500 0.35 700.0 0.070
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including PDH 39.00 48.20 9.20 5100 0.51 1320.0 0.132
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72-5 PDH 2.40 71.68 69.28 500 0.05 80.0 0.008
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including PDH 8.50 35.90 27.40 900 0.09 150.0 0.015
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72-6 PDH 2.40 66.40 64.00 400 0.04 30.0 0.003
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81-1 DDH 57.00 126.00 69.00 1500 0.15 890.0 0.089
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81-2 DDH 6.10 206.50 200.40 796 108.0
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including DDH 51.00 96.00 45.00 1788 0.18 1460.0 0.146
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including DDH 96.00 206.50 110.50 388 118.0
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81-3 DDH 4.30 201.30 197.00 578 50.0
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including DDH 33.00 36.00 3.00 14000 1.40 2460.0 0.246
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including DDH 69.00 78.00 9.00 3343 0.34 610.0 0.061
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PDH 81-2 PDH 1.50 67.10 65.60 1145 99.8
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including PDH 6.10 12.20 6.10 6320 279.0
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including PDH 7.60 10.60 3.00 11500 1.15 330.0 0.033
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including PDH 7.60 19.80 12.20 3400 0.34 230.0 0.023
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including PDH 33.55 48.70 15.15 1268 206.3
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PDH 81-4 PDH 4.00 74.15 70.15 918 658
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including PDH 37.55 40.60 3.05 3300 0.33 3800.0 0.380
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including PDH 37.55 49.75 12.20 2011 1658
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including PDH 37.55 74.15 36.60 1300 0.13 1220.0 0.122
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including PDH 37.55 74.15 36.60 1400 1224.0
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including PDH 58.90 74.15 15.25 1430 1557.8
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including PDH 61.95 74.15 12.20 1200 0.12 1870.0 0.187
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PDH 81-6 PDH 3.05 85.40 82.35 935 0.09 139.4 0.014
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including PDH 3.05 51.85 48.80 1011 0.10 197 0.020
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PDH 81-7 PDH 6.10 70.15 64.05 959 0.10 175.3 0.018
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including PDH 15.25 21.35 6.10 1475 0.15 350.0 0.035
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including PDH 45.75 51.85 6.10 1100 0.11 580.0 0.058
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including PDH 48.80 54.90 6.10 1140 578.0
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PDH 81-8 PDH 76.25 94.55 18.30 806 0.08 417 0.042
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PDH 81-9 PDH 6.10 82.35 76.25 900 315.0
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including PDH 30.50 57.95 27.45 1600 0.16 680.0 0.068
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including PDH 30.50 82.35 51.85 1200 0.12 490.0 0.049
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including PDH 33.55 39.65 6.10 3400 0.34 370.0 0.137
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including PDH 33.55 61.00 27.45 1561 680.0
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including PDH 33.55 82.35 48.80 1172 487.0
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including PDH 36.60 42.70 6.10 3400 1368.0
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PDH 81-11 PDH 6.10 48.80 42.70 2787 0.28 315 0.032
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including PDH 30.50 48.80 18.30 3557 0.36 529.0 0.053
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PDH 81-13 PDH 3.05 91.50 88.45 458 0.05 5.1 0.001
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PDH 81-18 PDH 3.05 70.15 67.10 405 0.04 11.0 0.001
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including PDH 3.05 64.05 61.00 413 0.04 11.3 0.001
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including PDH 6.10 33.55 27.45 324 0.03 2.0 0.000
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including PDH 42.70 70.15 27.45 608 0.06 24.0 0.002
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including PDH 45.75 64.05 18.30 746 0.07 30.5 0.003
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PDH 81-21 PDH 6.10 91.50 85.40 459 0.05 28.2 0.003
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including PDH 15.25 91.50 76.25 508 0.05 31.4 0.003
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PDH 81-22 PDH 70.15 91.50 21.35 528 0.05 39 0.004
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PDH 81-27 PDH 6.10 85.40 79.30 749 0.07 23.6 0.002
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including PDH 6.10 15.25 9.15 2400 0.24 13.0 0.001
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including PDH 64.05 70.15 6.10 2110 0.21 36.5 0.004
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including PDH 64.05 85.40 21.35 1061 0.11 55.4 0.006
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PDH 81-28 PDH 6.10 91.50 85.40 361 0.04 18.7 0.002
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including PDH 39.65 91.50 51.85 549 0.05 29.3 0.003
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PDH 96-1 PDH 4.88 91.44 86.56 480 0.05 66.2 0.007
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PDH 96-2 PDH 6.10 91.44 85.34 1734 0.17 305.4 0.031
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including PDH 30.48 76.20 45.72 2251 0.23 431.0 0.043
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including PDH 33.53 51.81 18.28 2195 0.22 630.0 0.063
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PDH 96-3 PDH 18.29 91.44 73.15 1332 0.13 150.0 0.015
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including PDH 18.29 36.57 18.28 2318 0.23 101.7 0.010
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including PDH 82.29 85.34 3.05 2200 0.22 1350.0 0.135
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including PDH 82.29 91.44 9.15 2377 0.24 630.0 0.063
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DDH 97-1 DDH 3.00 175.30 172.30 565 0.06 92.0 0.009
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including DDH 21.00 102.00 81.00 860 0.09 100.6 0.010
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including DDH 21.00 169.00 148.00 628 0.06 99.3 0.010
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DDH 97-2 DDH 31.00 202.50 171.50 1084 0.11 212.1 0.021
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including DDH 39.00 166.00 127.00 1320 0.13 253.2 0.025
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including DDH 47.00 73.00 26.00 2584 0.26 190.0 0.019
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including DDH 59.00 60.00 1.00 24000 2.40 380.0 0.038
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including DDH 101.00 122.00 21.00 2320 0.23 551.0 0.055
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including DDH 138.00 141.00 3.00 3443 0.34 953.0 0.095
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DDH 97-3 DDH 1.80 47.00 45.20 939 0.09 34.0 0.003
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including DDH 39.00 47.00 8.00 3061 0.31 116.3 0.012
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including DDH 39.00 179.00 140.00 1385 0.14 82.5 0.008
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including DDH 90.00 98.00 8.00 3037 0.30 237 0.024
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including DDH 107.00 110.00 3.00 4633 0.46 10.0 0.001
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including DDH 129.00 131.00 2.00 2000 0.20 1140.0 0.114
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including DDH 138.00 152.00 14.00 4760 0.48 80.0 0.008
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including DDH 170.00 174.00 4.00 3375 0.34 132.5 0.013
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including DDH 170.00 179.00 9.00 2934 0.29 194.0 0.019
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DDH 97-4 DDH 2.10 197.00 194.90 757 0.08 49.5 0.005
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including DDH 2.10 105.00 102.90 804 0.08 65.0 0.007
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including DDH 51.00 57.00 6.00 4335 0.43 425.0 0.043
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including DDH 129.00 138.00 9.00 4333 0.43 173.0 0.017
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ISIN-05-01 DDH 64.00 118.87 54.87 424 0.04 61.0 0.006
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ISIN-05-03 DDH 82.29 137.15 54.86 814 0.08 99.0 0.010
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including DDH 106.67 134.11 27.44 1018 0.10 99.0 0.010
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ISIN-05-03 DDH 146.30 228.59 82.29 325 0.03 29.0 0.003
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ISIN-05-04 DDH 11.58 63.39 51.81 390 0.04 12.0 0.001
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ISIN-05-04 DDH 136.54 179.21 42.67 779 0.08 128.0 0.013
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It can be seen that the majority of the anomalously mineralized intervals
are located in the southeast portion of the property. Successive drill
programs by Placer (1972), Anaconda (1981), Verdstone (1996 and 1997) and the
Company (2005) all documented numerous intercepts having weakly to strongly
anomalous copper +/- molybdenum mineralization. This area coincides with
relatively large, broadly coincident magnetic and resistivity anomalies shown
in Jasper's 2005 airborne survey and is considered a high priority target for
the 2006 exploration program.
The second area of interest, solely on the basis of a review of drill
hole data, is parallel to the trend defined by drill holes 14 through 23 (just
off the map to the north). Broadly coincident, linear resistivity and magnetic
anomalies were the probable target of the 1981 Anaconda drill holes in this
area, but were (apparently) displaced from the anomaly, as defined by the
2005 Fugro Airborne geophysical survey flown by Jasper.
Jasper continues to work on acquiring and compiling information from
previous programs, together with ongoing evaluation of the Fugro survey
results.
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.
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