| To view this news release in PDF form please Click Here
All News Releases and Filing News Releases September 29, 2008: September 29, 2008: September 25, 2008: September 4, 2008: September 2, 2008: August 28, 2008: August 21, 2008: July 23, 2008: July 11, 2008: July 8, 2008: July 2, 2008: June 24, 2008: June 20, 2008: May 29, 2008: May 26, 2008: May 6, 2008: May 2, 2008: April 11, 2008: April 8, 2008: April 4, 2008: April 2, 2008: March 12, 2008: March 7, 2008: March 4, 2008: Febuary 25, 2008: January 21, 2008: December 19, 2007: December 11, 2007: December 6, 2007: November 19, 2007: November 5, 2007: October 26, 2007: October 25, 2007: October 5, 2007: September 19, 2007: August 9, 2007: July 12, 2007: July 4, 2007: June 28, 2007: May 28, 2007: May 15, 2007: April 27, 2007: April 9, 2007: March 27, 2007: March 9, 2007: February 16, 2007: February 9, 2007: January 23, 2007: December 21, 2006: December 14, 2006: December 12, 2006: December 11, 2006: November 29, 2006: November 10, 2006: November 1, 2006: October 25, 2006: October 18, 2006: October 17, 2006: September 29, 2006: September 28, 2006: September 26, 2006: September 6, 2006: September 5, 2006: September 5, 2006: August 29, 2006: August 28, 2006: August 11, 2006: August 10, 2006: August 3, 2006: August 1, 2006: June 26, 2006: |
|
JASPER MINING CORPORATION October 15, 2008 NEWS RELEASE JASPER MINING CORPORATION REPORTS DISCOVERY HOLE FROM ISINTOK PROPERTY 94.67 M GRADING 0.086% CU AND 0.015% MO (0.026% MOS2) Hole IS-08-51 is currently being drilled to continue the Company’s exploration program to evaluate sub-surface mineralization corresponding to coincident surface soil and Induced Potential anomalies. Holes 23 and 24 were drilled on the east flank of the coincident anomaly, into mineralization Hole IS-08-34 was drilled from the west side of the coincident soil / IP anomaly and was oriented to the east. As a result, it is the first hole drilled of the 2008 program to be drilled at a high angle to structures interpreted to control mineralization. Furthermore, vein density visually documented in the hole was the greatest of any hole recovered to date. As a result, Hole 34 is considered the discovery hole for a potential Cu - Mo +/- Ag +/-Au deposit at Isintok. Management also wishes to emphasize that while the project is currently being evaluated as a Cu - Mo porphyry deposit, numerous very high grade molybdenum intercepts have been documented, with single sample intervals to 3.985% Mo (6.647% MoS2) over 0.32 m and composite intervals grading 0.055% Mo (0.092% MoS2) over 44.58 m. Local high grade values for silver (40.30 g/t over 1.18 m), Au (2.591 g/t over 1.18 m) and tungsten (0.442% over 0.86 m) have also been documented. The following table is a compilation of high grade analytical results for copper +/- molybdenum +/- silver +/- gold for holes IS-08-23, 24 and 34. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
*The angle between the core axis and veins were all at an inclined angle and so widths are not true widths Core in each of the sampled intervals was split, with one half submitted for analysis and one half retained for subsequent analysis. Core was submitted to Acme Analytical Laboratory Ltd in Vancouver, BC for Group 1DX analysis. Samples returning in excess of 10,000 ppm copper were re-submitted for Group 7AR analysis. Samples that returned Mo results greater than 2,000 ppm were re-submitted for Group 7KP - 0.50 gm analysis. 1 - Conversion factor from Mo to MoS2 is 1.6681. To date, core sampling has emphasized both visually high grade intervals and thicker mineralized zones within holes evaluated to date. Further sampling will be undertaken on each hole reported so as to complete sampling over the entire length of each hole recovered. As such, relatively short, high grade intercepts documented to date will be incorporated into thicker composite intervals, with both a reduction in overall grade and a corresponding increase in mineralized thickness. An initial copper equivalency calculation utilizes current prices and assumes 100% recovery for all metals. As a result, the resulting copper equivalency values are presented herein solely for initial discussion purposes. Further work will be undertaken on the copper equivalency equation so as to Preliminary copper equivalency (Cu. EQ.) results are presented in the following table: |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1 - The equation used to calculate the copper equivalent is as follows:
Cu. EQ (%) = ((Cu(%)*20* $Cu) + ((Mo%*20*1.5*$MoO3)) + ((Ag*($Ag/34.2857)) + (Au*($Au/34.2857)))/(20*$Cu) where $Cu = $3.26/lb, $MoO3 = $33.75/lb, Ag = $13.18/oz and Au = $802.50/oz. Note: The resulting Cu. EQ. value assumes 100% recovery of all metals. Furthermore, the values utlized for the metals was taken from the September 8 - 14 Northern Miner and so does not address expected trends in metal prices. Management continues to be very excited by high grade results from the Isintok property. Management is very encouraged by additonal results as they continue to confirm sub-mineralization, at higher grades, documented by previous drill programs. Management is unreservedly encouraged by results returned from the 2008 program, confirming coincident surface soil and IP survey results, together with high grade, sub-surface mineralization. Drilling continues on the property and additional results will be reported as received. This news release has been prepared by Richard T. Walker, B.Sc., M.Sc., P. Geo., the “Qualified Person” under National Instrument 43-101. For further information contact: - 30 - The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |