Jasper Mining Corporation - More high grade results from Isintok property



    Trading Symbol: JSP (TSX-Venture)

    CALGARY, Sept. 29 /CNW/ - Jasper Mining Corporation (the "Company") has
received further analytical results 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.
    Hole IS-08-47 is currently being drilled as part of the Company's
continued program to evaluate sub-surface mineralization corresponding to
coincident surface soil and Induced Potential anomalies.
    The results from Hole 26 are from the last hole drilled on the east flank
of the coincident anomaly, which was drilled toward the west into
mineralization controlled by steeply, generally west dipping structures. As a
result, the hole is interpreted to have been drilled sub-parallel to the
controlling structure which has the result of diluting the vein density while
exaggerating the thickness of any mineralized interval. Management believes
the overall result has been essentially a trade-off as visual results from
multiple holes drilled on the western side of the coincident anomaly are
tentatively interpreted to indicate similar (and potentially better) overall
grades. However, management would like to emphasize that this is an entirely
empirical observation at this point, subject to confirmation through
analytical results expected over the next several weeks.
    Management also wishes to emphasize the point 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% 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 (0.442% 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 hole (IS-08-26).

    -------------------------------------------------------------------------
     Hole      From     To     Width    Cu      Mo   MoS(2)(1)  Ag      Au
    Number      (m)     (m)     (m)     (%)     (%)     (%)    (g/t)   (g/t)
    -------------------------------------------------------------------------
    IS-08-26   45.11   69.49   24.38   0.073   0.005   0.009    0.23   0.011
    -------------------------------------------------------------------------
    including  45.73   46.96    1.23   0.558   0.010   0.017    0.90   0.047
    -------------------------------------------------------------------------
    including  49.67   51.20    1.53   0.281   0.005   0.008    1.20   0.046
    -------------------------------------------------------------------------
    including  52.82   54.25    1.43   0.198   0.042   0.070    0.90   0.010
    -------------------------------------------------------------------------
               78.64   87.78    9.14   0.479   0.215   0.359    2.15   0.121
    -------------------------------------------------------------------------
    including  81.24   82.49    1.25   0.204   0.103   0.172    1.10   0.011
    -------------------------------------------------------------------------
    including  82.49   83.63    1.14   3.031   0.727   1.213    10.0   0.138
    -------------------------------------------------------------------------
    including  83.63   84.58    0.95   0.157   0.021   0.035    0.80   0.013
    -------------------------------------------------------------------------
    including  84.58   85.45    0.87   0.374   1.131   1.887    5.50   0.969
    -------------------------------------------------------------------------
               89.12   90.80    1.68   0.267   0.002   0.003    2.00   0.028
    -------------------------------------------------------------------------
              115.67  144.72   26.97   0.065   0.009   0.014    0.65   0.015
    -------------------------------------------------------------------------
    including 124.36  125.91    1.55   0.105   0.011   0.018    0.90   0.016
    -------------------------------------------------------------------------
    including 125.91  127.40    1.49   0.106   0.024   0.040    1.10   0.033
    -------------------------------------------------------------------------
    including 130.45  131.93    1.48   0.124   0.009   0.015    1.10   0.039
    -------------------------------------------------------------------------
    including 141.12  142.64    1.52   0.103   0.011   0.018    1.20   0.029
    -------------------------------------------------------------------------
              144.21  144.72    0.51   0.107   0.005   0.008    1.10   0.013
    -------------------------------------------------------------------------
              148.51  152.17    3.66   0.102   0.007   0.011    1.59   0.037
    -------------------------------------------------------------------------
    including 151.78  152.17    0.39   0.173   0.001   0.002    2.80   0.136
    -------------------------------------------------------------------------
    (*) 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 - Conversion factor from Mo to MoS(2) 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 in the future so as complete sampling
over the entire length of the core recovered. As such, the 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 discussion purposes.
Further work will be undertaken on the copper equivalency equation so as to
produce more meaningful values in future releases.

    
    Preliminary copper equivalency (Cu. EQ.) results are presented in the
following table:

               ----------------------------------------------
               Hole       From      To      Width  Cu. EQ.(1)
               Number      (m)      (m)      (m)      (%)
               ----------------------------------------------
               IS-08-26   45.11    69.49    24.38    0.158
               ----------------------------------------------
                          78.64    87.78     9.14    3.876
               ----------------------------------------------
                         115.67   142.64    26.97    0.208
               ----------------------------------------------
                         148.51   152.17     3.66    0.228
               ----------------------------------------------

    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-surface mineralization, at higher grades, documented
by previous drill programs.
    The 2008 sampling program extended the linear soil anomaly approximately
3 km northwest, with a second linear soil anomaly extending approximately
1.5 km west. As a result, the overall surface soil anomaly defined is
approximately 4.2 km in length, generally oriented northwest - southeast, and
up to 1 km in width. A second 1.5 km long linear surface soil anomaly extends
to the west from the area of current drilling, localized in the southern third
of the overall soil anomaly. The Chargeability anomaly defined by the 2006
Induced Potential survey, coincides with the initial surface soil anomaly
defined in 2006. This coincidence of the surface soil and Chargeability
anomalies, together with sub-surface mineralization subsequently confirmed
through diamond drilling, is interpreted to indicate analogous mineralization
associated with the overall Cu-Mo-W surface soil anomaly defined by soils
recovered between 2006 and 2008. Management believes the surface soil anomaly
defined, taken together with locally coincident IP results and sub-surface
mineralization identified through drilling, represents potential for a
considerable increase to the size of the overall mineralized system.
    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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