Jasper Mining Corporation - Initial drill results from 2008 exploration program on Isintok property



    Trading Symbol: JSP (TSX-Venture)

    CALGARY, Sept. 4 /CNW/ - Jasper Mining Corporation (the "Company") has
received initial analytical results from the first two holes of the 2008
exploration program on 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 Valleyin south-central British Columbia,
approximately 27 km west-southwest of Summerland and 20 km north of Hedley.
    A total of 24 diamond drill holes have been completed to date as part of
the 2008 exploration program, in addition to 16 holes completed during the
2006 field season. The holes continue the Company's evaluation of sub-surface
mineralization in the general area drilled in 1982 and 1976-1979 by previous
operators. A summary of the Company's results from the 2006 diamond drill
program were previously reported (see Press Release dated April 9, 2007).
    In late 2006, the Company had an Induced Potential (IP) geophysical
survey completed on the property. The results of the IP survey correlated very
well with surface soil geochemical results and initial sub-surface drill
results from 2006. The 2008 drill program is specifically intended to test a
chargeability high defined by the IP anomaly.
    Holes 17 and 18 (continuing sequentially from the last hole (IS-06-16)
from 2006) were collared from the same pad, located along the southern north -
south oriented "tail" of the coincident IP / soil anomaly. Hole 17. Both holes
were oriented toward azimuth 270, with Hole 17 at an inclination of -45 and
Hole 18 at -60 degrees. The pad is located approximately 30 m east of the
surface trace of the IP anomaly.
    The table on the following page is a compilation of high grade analytical
results for copper +/- molybdenum +/- silver +/- gold from the first two holes
(IS-08-17 and 18) completed in 2008.

    
    -------------------------------------------------------------------------
    Hole        From     To    Width   Cu(1)    Mo   MoS(2)(2)    Ag    Au
    Number       (m)     (m)    (m)     (%)     (%)     (%)     (g/t)  (g/t)
    -------------------------------------------------------------------------
    IS-08-17    83.41   89.21   5.80   0.119   0.002   0.004    0.147  0.003
    -------------------------------------------------------------------------
    including   83.41   84.13   0.72   0.275  0.0002   0.004     0.60  0.020
    -------------------------------------------------------------------------
    including   88.43   88.68   0.25   0.580   0.151   0.252     0.60   0.01
    -------------------------------------------------------------------------
    including   89.00   89.21   0.21   0.232   0.003   0.005     1.70  0.008
    -------------------------------------------------------------------------
    IS-08-18    10.82   12.23   1.41   0.290   0.018   0.030     2.99  0.096
    -------------------------------------------------------------------------
    including   10.82   11.71   0.89   0.320   0.021   0.035     3.80  0.123
    -------------------------------------------------------------------------
    including   11.71   12.23   0.52   0.239   0.013   0.022      1.6  0.050
    -------------------------------------------------------------------------
                51.40   67.66  16.26   1.507   0.128   0.214    6.730  0.196
    -------------------------------------------------------------------------
    including   51.97   52.68   0.71   0.360   0.070   0.117    1.900  0.034
    -------------------------------------------------------------------------
    including   56.99   58.51   1.52   0.891   0.007   0.012    2.900  0.104
    -------------------------------------------------------------------------
    including   58.51   58.87   0.36  11.218   0.118   0.197    40.30  2.592
    -------------------------------------------------------------------------
    including   59.91   60.04   0.13   1.092   0.005   0.008    5.000  0.019
    -------------------------------------------------------------------------
    including   60.04   61.31   1.27   1.334   0.004   0.007    10.30  0.144
    -------------------------------------------------------------------------
    including   61.89   62.49   0.60   5.151   0.035   0.058    33.10  0.645
    -------------------------------------------------------------------------
    including   62.49   63.34   0.85   1.186   0.047   0.078    12.90  0.080
    -------------------------------------------------------------------------
    including   64.62   66.14   1.52   2.927   0.667   1.113    16.60  0.217
    -------------------------------------------------------------------------
    including   66.14   67.66   1.52   4.862   0.534   0.891     8.00  0.359
    -------------------------------------------------------------------------
                69.48   69.63   0.15   0.487   0.002   0.003     1.80  0.021
    -------------------------------------------------------------------------
                85.37   85.59   0.22   1.044   0.000   0.003     2.20  0.048
    -------------------------------------------------------------------------
                96.62  108.68  12.06   0.437   0.042   0.070    2.674  0.099
    -------------------------------------------------------------------------
    including   97.64   97.88   0.24   1.363   0.004   0.007     9.00  0.109
    -------------------------------------------------------------------------
    including   98.14   99.66   1.52   0.553   0.041   0.068     3.80  0.051
    -------------------------------------------------------------------------
    including   99.66  101.18   1.52   0.300   0.024   0.040     1.90  0.025
    -------------------------------------------------------------------------
    including  102.71  104.23   1.52   0.400   0.005   0.008     2.90  0.036
    -------------------------------------------------------------------------
    including  104.23  105.76   1.53   0.692   0.053   0.088     3.80  0.048
    -------------------------------------------------------------------------
    including  105.76  106.87   1.11   0.209   0.009   0.015     3.80  0.704
    -------------------------------------------------------------------------
    including  106.87  107.42   0.55   1.237   0.378   0.631     2.40  41.60
    -------------------------------------------------------------------------
    including  107.42  108.50   1.08   0.337   0.079   0.132     0.90  0.018
    -------------------------------------------------------------------------
    including  107.42  108.50   0.18   0.348   0.002   0.003     0.80  0.017
    -------------------------------------------------------------------------
               110.24  111.86   1.62   0.504   0.039   0.065     7.40  0.215
    -------------------------------------------------------------------------

    (*) The angle between the core axis and veins were all at an inclined
        angle and so widths are not true widths
    

    Core in each 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. The sample that returned in excess of 10% copper was
re-submitted for Group 7AR.1 re-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 values greater than 0.3%
    were reported for Hole 18 in the table above.

    2 - Conversion factor from Mo to MoS(2)  is 1.6681.
    

    Further sampling of the core from Hole 18 is being undertaken to assess
background and lower grade mineralization in the intervals between those
reported above. As a result, the 16.26 m (53.35 foot) high grade (1.5% Cu,
0.128% Mo) interval between 51.40 and 67.66 is expected to be extended over a
larger composite width (with a corresponding reduction in grade) so as to
identify a composite width returning an average copper grade in excess of an
arbitrary cut-off of 0.2%.
    Initial visual observations of the drill core returned from the 2008
program has documented a greater proportion of both molybdenum and bornite
relative to chalcopyrite in comparison to the 2006 program. Trace to minor
bornite was noted in the core from the 2006 program. In contrast, bornite has
been documented in virtually every hole completed in 2008. Furthermore,
fracture coatings and thin veinlets comprised exclusively of bornite have been
documented in several of the holes, particularly the recent holes completed in
the past week. The apparent increase in bornite content, particularly the
presence of veins comprised dominantly to exclusively of bornite, is
interpreted to indicate proximity to a relatively high grade copper-bearing
portion of the host porphyry.
    In addition, molybdenum was documented in several holes from 2006,
however, its erratic occurrence was interpreted to indicate a possible mineral
zonation between chalcopyrite and molybdenite. In contrast, moderately to
highly anomalous molybdenum has been visually and, in the case of holes 17 and
18, analytically documented in the 2008 drill holes. Molybdenum grades to
0.667% Mo (1.113% MoS(2)) have been documented over single samples widths of
1.52 metres, with a grade of 0.128 over 16.26 metres.
    Finally, elevated to highly anomalous analytical results for both silver
and gold were also documented in 2006 but due to their highly erratic values
were not reported. Although there is considerable variation in analytical
results over a composite width (see preceding table), it is evident that
values are moderately to very highly anomalous.
    Management is very excited with these preliminary results from the first
two holes drilled in 2008 to test the IP anomaly. Furthermore, management
believes these results are very encouraging as they confirm sub-surface
mineralization as documented by previous drill results, although at higher
grades, with highly anomalous, multi-element values over relatively thick
intervals. Preliminary interpretation of visual and initial quantitative
analytical sub-surface drill results are interpreted to support a generally
north-south trend to mineralization, as documented by surface soils and the
Induced Potential (IP) geophysical survey completed in 2006.
    Drilling to date has utilized the existing road network, with all holes
drilled on a predominantly north-south access road to the drill area. The
structural control to mineralization is interpreted to dip moderately to
steeply to the west. Holes IS-08-17 and 18 were drilled east of the anomaly at
both a moderate (-45) and steep (-60) inclination to the coincident surface
soil and IP anomaly. As a result, the overall grade is interpreted to be
reduced due to dilution incurred by a drill intercept at a shallow to moderate
angle to the fractures controlling (hosting) mineralization. Holes drilled on
the west side of the coincident anomaly are expected to return a greater vein
(mineralized fracture) density with coincident higher grades.
    Management is unreservedly encouraged by these initial results of the
2008 field program, confirming surface soil and IP survey results. Further
drilling has been completed, and continues, on the property as part of the
2008 field season and will be reported as further results are 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.

    
    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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