Jasper Mining Corporation - Diamond drill results from 2006 exploration program on Isintok property



    Trading Symbol: JSP (TSX-Venture)

    CALGARY, March 27 /CNW/ - Jasper Mining Corporation (the "Company") has
received final analytical results from the 2006 exploration program on its
100% owned Isintok property. The property comprises approximately 3,007 ha
(7,433 acres or 11.6 square miles), covering the drainage divide between
McNulty and Isintok creeks. The property is located west of the Okanagan
Valley in south-central British Columbia, approximately 27 km west-southwest
of Summerland and 20 km north of Hedley.
    A total of 16 diamond drill holes were completed during the 2006 field
season in two phases, holes 1 through 10 during the summer and 11 through 16
in the fall. The holes were intended to continue the Company's evaluation of
sub-surface mineralization in an area identified from previous drill programs
in 1982 and 1976-1979. The diamond drill program was previously reported (see
Press Releases dated Dec. 12 and 13, 2006).
    Holes 15 and 16 were collared approximately 50 m south and north,
respectively, of percussion hole PD-11, which documented 42.7 m of
0.28% copper and 315 ppm (0.0315%) molybdenum. PD-11 is tentatively
interpreted to have been drilled down, and within, a mineralized vein system
and, therefore, to have been mineralized along virtually the entire length of
the hole. Holes 15 and 16 were intended to document the same mineralized vein,
drilling inclined holes from the west side of the road to the east, allowing a
determination of its thickness and orientation.
    Hole 14 was drilled in an attempt to define one or more mineralized
systems identified in, and farther to the north of, previous drilling. The
hole did, indeed, intersect three visually identified, separate and distinct
mineralized intervals, associated with stronger alteration.
    The Company has recently received and reviewed the results of holes ISIN-
06-14 to 16. Weighted average results for select intervals are tabulated
below:

    
    Hole 14
    -------

           ----------------------------------------------------
              From       To       Width    Copper   Molybdenum
               (m)       (m)       (m)      (%)        (%)
           ----------------------------------------------------
             192.62    227.67     35.05     0.199     0.013
           ----------------------------------------------------
            including
           ----------------------------------------------------
             203.29    213.96     10.67     0.236     0.032
           ----------------------------------------------------
             270.34    395.31    124.97     0.059     0.005
           ----------------------------------------------------



    Hole 15
    -------

           ----------------------------------------------------
              From       To       Width    Copper   Molybdenum
               (m)       (m)       (m)      (%)        (%)
           ----------------------------------------------------
             136.24    151.48     15.24     0.114     0.020
           ----------------------------------------------------
             253.59    279.49     25.90     0.129     0.013
           ----------------------------------------------------



    Hole 16
    -------

           ----------------------------------------------------
              From       To       Width    Copper   Molybdenum
               (m)       (m)       (m)      (%)        (%)
           ----------------------------------------------------
              3.30     394.70    391.20    0.092      0.005
           ----------------------------------------------------
            including
           ----------------------------------------------------
             17.37      87.47     70.10    0.129      0.001
           ----------------------------------------------------
             17.37      40.22     22.50    0.175      0.001
           ----------------------------------------------------
             47.85      87.47     39.62    0.126      0.001
           ----------------------------------------------------
             262.72    390.74    128.02    0.143      0.010
           ----------------------------------------------------
    

    Management believes these results are very encouraging as they confirm
sub-surface mineralization as documented by previous drill results, both from
previous programs as well as those completed by the Company. Preliminary
interpretation of drill results is interpreted to support a generally
north-south trend to the mineralization, as documented by surface soils and an
Induced Potential geophysical survey completed in 2006.
    Furthermore, elevated gold values (to 1,445 ppb over 0.66 m) were
documented in the three holes relative to previous drilling which, taken
together with variations in molybdenum content, may indicate possible zonation
within the mineralized system documented to date, with elevated molybdenum in
the southerly holes and elevated gold to the north. Furthermore, ISIN 06-14
had proportionately more chalcopyrite veinlets than any holes drilled by the
Company to date. However, although more thin chalcopyrite veinlets were
present, there were an insufficient number of thicker and/or higher grade
intervals to bring the overall grade up to the target value of 0.11%. The
weighted average grade of ISIN 06-14 was 0.042% copper over 496.93 m.
    Drilling to date has utilized the existing road network, with all holes
drilled on, or west of, a north-south access road to the drill area. A high
grade soil anomaly is located east of the road to the south and crosses the
road at a shallow oblique angle to the north, passing across the road to the
west side. As a result, the mineralized intercepts documented to date may
represent lower grade mineralization on the west side of the mineralized zone,
as defined by soil results.
    In 2007 the Company intends to extend surface soil sampling to the west
and south of Grid B so as to tie in anomalous results at the grid boundaries
with those documented on Grid A and along road traverses to the west. As
previously reported (see Press release dated Dec. 12, 2006), the surface soil
and IP anomaly identified on Grid B was approximately 400 m wide on the
southernmost line of Grid B and remains open to the south. Additional soil
sampling on Grid B will, therefore, be extended a further 500 m to the south
(and possibly beyond dependent upon results once received).
    Given the mutually supporting surface soil and IP results for an
anomalous zone underlying the road utilized for the drill program, the Company
has proposed a diamond drill program to test the sub-surface underlying the
road where surface soil and IP suggests the high grade core of the anomaly is
situated. Based on an initial review of these data, management interprets
drilling to date in this area to have been collared on lower grade fringes and
the top of the anomaly and, for the most part, drilled away from the possible
higher grade anomaly. If correct, this would explain higher grade
mineralization documented in the near surface portion of most drill holes.
This hypothesis comprises the basis for the proposed 2007 diamond drill
program.
    Management is unreservedly encouraged by the results of the 2006 field
program and, in particular, quantitative results of holes 14 through 16,
together with surface soil and IP results. Further work will be completed on
the property during the 2007 field season and will include expansion of the
existing grids to the southwest and northwest as well as additional diamond
drilling.

    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.




For further information:

For further information: Gordon F. Dixon, Q.C., President, Jasper Mining
Corporation, Telephone (403) 297-9480, Fax (403) 266-1487, email:
xon@telus.net or visit Jasper's website at www.jaspermining.com


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