Jasper Mining Corporation - Further results for Hole 26 document 271.25 m grading 0.27% Cu.EQ. from diamond drill program on Isintok property



    Trading Symbol: JSP (TSX-Venture)

    CALGARY, April 14 /CNW/ - Jasper Mining Corporation (the "Company") has
received additional analytical results from Hole IS-08-26 from its 100% owned
Isintok property. The property comprises approximately 2,839 ha (7,015 acres
or approximately 11.0 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 54 drill holes have been completed by the Company on the
property to date, with 38 of those holes completed as part of the Company's
highly successful 2008 exploration program. Of the 2008 holes, full or partial
results have now been released from only 18 of these holes to date. The
objective of the 2008 drill program was to evaluate sub-surface, porphyry
style mineralization corresponding with coincident surface soil and Induced
Potential (geophysical) anomalies.
    Hole 26 was drilled from the eastern flank of the coincident anomaly,
drilled to the west at an azimuth of 263 degrees at an inclination of -65
degrees. As such, the hole is interpreted sub-parallel to mineralization
controlled by steeply, generally west dipping structures. Therefore, the hole
is interpreted to have been drilled at a relatively shallow angle to the
controlling structures.
    Management wishes to emphasize that although 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
4.985% Mo (8.315% MoS(2)) over 0.32 m and composite intervals grading 0.055%
Mo (0.092% MoS(2)) 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 (0.25% over 1.12 m) have
also been documented.
    The following table is a compilation of high grade analytical results for
copper +/- molybdenum +/- silver +/- gold for hole 26, in its entirety. Note:
Consistent with recent News Releases, only results for individual intervals
greater than 1.00% copper, 1.00% MoS(2) and/or a copper equivalency value
greater than 0.2% (for composite intervals) have been tabulated below.

    
    -------------------------------------------------------------------------
    Hole           From     To      Width   Cu(1)   Mo  MoS(2)(2)  Ag     Au
    Number          (m)     (m)      (m)     (%)    (%)    (%)   (g/t)  (g/t)
    -------------------------------------------------------------------------
    IS-08-26       2.45   273.70   271.25   0.09   0.01   0.02   0.76   0.02
    -------------------------------------------------------------------------
      including   81.24    90.80     9.56   0.50   0.21   0.34   2.39   0.12
    -------------------------------------------------------------------------
      including   84.58    85.45     0.87  0.374  1.131   1.89    5.5   0.97
    -------------------------------------------------------------------------
      including  116.53   273.70   157.17   0.11   0.01   0.02   1.09   0.03
    -------------------------------------------------------------------------
      including  148.51   273.70   125.19   0.12   0.01   0.02   1.21   0.03
    -------------------------------------------------------------------------

    (*) 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. The 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 - Only single sample intervals having copper and/or molybdenum values
        greater than 1.0% were reported in the table above.
    2 - Conversion factor from Mo to MoS(2) is 1.6681.


    Preliminary copper equivalency (Cu. EQ.) results for Hole 26 is presented
below:

    --------------------------------------------------
    Hole          From      To     Width   Cu. EQ.(1)
    Number         (m)      (m)      (m)      (%)
    --------------------------------------------------
    IS-08-26       2.45   273.70   271.25     0.27
    --------------------------------------------------
                 116.53   273.70   157.17     0.25
    --------------------------------------------------
                  81.24    90.80     9.56     2.78
    --------------------------------------------------
                 148.51   273.70   125.19     0.28
    --------------------------------------------------

    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)))(divided
by)(20(*)$Cu) where $Cu = $1.70/lb, $MoO3 = $12.00/lb, Ag = $10.00/oz and Au =
$808.00/oz.

    Note: The resulting Cu. EQ. value assumes 100% recovery of all metals.
    

    As announced in a previous News Release (dated Dec. 12, 2008) the Company
has revised the metal prices used in the above Cu. EQ. calculation to reflect
prices at that time. Note: the resulting copper equivalency is, essentially, a
qualitative number in that it is not based on metallurgical studies and does
not address metal recovery and a host of other considerations.
    Hole 26 was drilled on the northeastern flank of the coincident surface
soil and IP anomaly. The anomaly has been tested by a total of 54 diamond
drill holes to date.

    
    Management wishes to emphasize:

    1.  that the holes document mineralization from immediately below a thin
        cover of overburden (up to 4 m thick) to depths up to 395.6 m down-
        hole or approximately 280 m vertically below surface, and
    2.  There are many high grade copper +/- molybdenum +/- silver +/- gold
        sample intervals in many of the holes completed to date, with
        hundreds of analytical results exceeding 0.2% copper and/or 0.03%
        molybdenum,
    3.  Highly anomalous gold, silver and/or tungsten values have been
        documented over hundreds of intervals over multiple holes and are
        considered worthy of further evaluation, particularly with respect to
        silver and, to a lesser degree, tungsten.
    

    Management is very encouraged by continued high grade (Cu +/- Mo) results
from the majority of drill results released to date from those holes completed
in 2008 to test the coincident IP - soil anomaly. Management is unreservedly
encouraged by continued results returned from the 2008 field program,
confirming high grade, copper +/- molybdenum +/- silver +/- gold +/- tungsten
sub-surface mineralization spatially coincident with, and underlying, surface
soil and IP survey results. The 2008 drill program has been completed,
however, further analytical results will be reported as received.
    Rick Walker, consultant for Jasper Mining Corporation, a qualified person
as defined by National Instrument 43-101, prepared the technical information
in this release.

    
    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; Investor relations inquiries may be directed to Robert Rowell,
Telephone (403) 668-4880, email: ir@beaumontcapital.ca


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