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| JASPER MINING CORPORATION 1020, 833 - 4TH AVENUE S.W. CALGARY, ALBERTA, T2P 3T5 TELEPHONE: (403) 297-9480, FAX: (403) 266-1487 September 26, 2006 PRESS RELEASE JASPER MINING CORPORATION ANNOUNCES FINAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY The results reported from the property continue to document copper (Cu) +/- molybdenum (Mo) +/- gold (Au) +/- silver (Ag) from the area of current interest. A total of 10 diamond drill holes were completed on the Isintok property as part of the preliminary 2006 exploration program. Due to significant delays in receiving analytical data, the 2006 drill program was temporarily suspended in late July in order to evaluate results from the initial holes. The ongoing objective of the Company’s exploration program is to locate, and define, a coppermolybdenum +/- silver +/- gold porphyry style 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 = % Cu + (3.45 x % Mo)]” (BC MINFILE 092HNE047) (Note: reported prior to implementation of, and therefore not compliant with, National Instrument 43-101). The Company’s 2005 and 2006 drill pads are located over an area approximately 300 m east-west by 400 m north-south characterized by anomalous mineralization as documented in previous programs. The holes comprising the 2006 drill program are within an area approximately 200 m east-west by 565 m north-south located on the fringe of coincident magnetic and resistivity anomalies identified on the Fugro airborne geophysical survey. Pad location data follow:
In previous Press Releases (dated August 11 and August 28, 2006) the Company announced initial results from analyses of the first five diamond drill holes (ISIN-06-01 to 05). The Company has received additional results for the remaining five drill holes. The following are final results from drill holes ISIN-06-06 to 10. Holes 5 to 8 were drilled from pad 2, Hole 9 from pad 3 and Hole 10 from pad 4. Pertinent drill collar information is tabulated below:
The following is a tabulation of weighted averages for selected intervals from holes 6 to 10.
The following tabulation is comprised of significant results (copper > 0.2% and/or molybdenum > 2000 ppm) from individual core samples.
Note: 1. Re-analysis of two samples having >2000 ppm molybdenum not yet received from lab. The core comprising the sampled intervals was cut using a rock saw, with one half submitted for analysis and one half retained for subsequent analysis. The core was submitted to Acme Analytical Laboratory Ltd in Vancouver, BC for Group 1DX analysis. Samples that returned Cu results greater than 10,000 ppm, Mo results greater than 2000 ppm, W results greater than 200 ppm and/or Ag results greater than 100 ppm, representing the upper detection limit for the Group 1DX package, were re-submitted for re-analysis. Group 7AR - 1.00 gm analysis was utilized for more quantitative determination of high grade Cu results. Group 7KP - 0.50 gm analysis was utilized for more quantitative determination of high grade Mo and/or W (tungsten) results. Sampled intervals averaged approximately 1.52 m (5 feet) except for a number of high grade mineralized intervals for which shorter sample intervals were utilized. Weighted averages have been presented for the entire hole analyzed to demonstrate the consistent grade of the mineralization. As a preliminary interpretation of the results, it appears there may be a near surface mineralized zone (possibly representing a supergene effect), with up to two zones of anomalous copper +/- molybdenum +/- silver +/- gold at depth. On the basis of results received to date, together with subsequent interpretation, the Company intends to re-enter Hole 09 and deepen it to the second expected mineralized zone at slightly greater depth. A limited soil program was also completed in the summer of 2006 so as to evaluate surface soils with respect to airborne geophysics and subsurface drill results. Copper results up to 1635 ppm suggest that soils may prove very informative on the property, which is interpreted to be comprised of in situ weathered granite near the height of land. The Company continues to compile data from its initial 2006 program in order to utilize the data for the remainder of its 2006 program. The Company continues to be very encouraged by the results from the 2006 drill program. Further drilling is proposed for the area of current interest. The intent of the next phase of drilling is to move northward from the current area of interest so as to extend the proposed mineralized zones farther north. The mineralized zones are interpreted to be steeply west dipping, so the optimal angle for drilling is believed to be -45 degrees toward Az 045 degrees. Holes ISIN-06-09 and 10 represent the deepest holes completed on the property to date and documented anomalous mineralization at depth. As a result, mineralization currently identified in the area of interest is interpreted to remain open at depth and in all directions (north/south/east/west). The Company expects to re-mobilize a diamond drill to the property within the next two weeks to continue its 2006 drill program. This press release has been prepared by Richard T. Walker, B.Sc., M .Sc., P. Geo., the “Qualified Person” under National Instrument 43-101. - 30 - The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For further information contact: |