Jasper Mining Corporation announces further high grade molybdenum and tungsten results from McFarlane property



    Trading Symbol: JSP (TSX-V)

    CALGARY, Aug. 28 /CNW/ - Jasper Mining Corporation (the "Company") is
pleased to announce further high grade molybdenum results from an additional
six holes completed as part of its Phase II drill program to evaluate high
grade molybdenite-bearing quartz veins on the McFarlane property. Results to
date have included molybdenite values up to 3.235 % Mo (5.396% MoS(2)(1)) with
composite intervals exceeding 7.37 metres. Results greater than 0.1% MoS(2)(1)
(600 ppm Mo) are reported below. (Note: the minimum cut-off for reporting
anomalous results has been lowered from 0.1% Mo to 0.1% MoS(2)). An additional
76 samples (in addition to those reported below) returned Mo values greater
than 100 ppm. In addition, quantitative results for high grade samples from
Holes 46, 55 and 67 are included below, previously reported as greater than
2,000 ppm.

    
    -------------------------------------------------------------------------
    Hole Number      From       To      Width(*)     Mo       Mo    MoS(2)(1)
                      (m)       (m)       (m)      (ppm)      (%)      (%)
    -------------------------------------------------------------------------
    MF-07-08         20.74     20.90      0.16     622.2     0.062     0.104
    -------------------------------------------------------------------------
                     27.92     28.00      0.08     672.3     0.067     0.112
    -------------------------------------------------------------------------
                     61.31     61.61      0.30     808.9     0.081     0.135
    -------------------------------------------------------------------------
    MF-07-11         18.60     19.22      0.62       840     0.084     0.140
    -------------------------------------------------------------------------
                     26.00     26.10      0.10    1320.5     0.132     0.220
    -------------------------------------------------------------------------
    MF-07-12         89.00     89.17      0.17      6780     0.678     1.131
    -------------------------------------------------------------------------
    MF-07-17         89.20     89.55      0.35    1290.3     0.129     0.215
    -------------------------------------------------------------------------
    MF-08-46        208.34    208.63      0.29      3440     0.344     0.574
    -------------------------------------------------------------------------
    MC-08-55         95.26     95.46      0.20      3140     0.314     0.524
    -------------------------------------------------------------------------
                    102.50    103.20      0.70      3140     0.314     0.524
    -------------------------------------------------------------------------
    MC-08-67        199.67    199.84      0.17      3870     0.387     0.646
    -------------------------------------------------------------------------
    MF-08-78          4.00      5.00      1.00     625.8     0.063     0.105
    -------------------------------------------------------------------------
                     15.50     16.00      0.50     10050     1.005     1.676
    -------------------------------------------------------------------------
                     17.16     17.37      0.21       889     0.089     0.148
    -------------------------------------------------------------------------
                     30.39     30.68      0.39     623.9     0.062     0.103
    -------------------------------------------------------------------------
                     77.11     78.38      1.27       844     0.084     0.140
    -------------------------------------------------------------------------
                    129.09    129.74      0.65     626.4     0.063     0.105
    -------------------------------------------------------------------------
                    131.77    132.02      0.25     638.6     0.064     0.107
    -------------------------------------------------------------------------
                    134.16    141.53      7.37       608     0.061     0.102
    -------------------------------------------------------------------------
    including       134.50    134.92      0.42     686.2     0.069     0.115
    -------------------------------------------------------------------------
    including       140.09    140.45      0.36     10880     1.088     1.815
    -------------------------------------------------------------------------
                    147.02    147.57      0.55     727.7     0.073     0.122
    -------------------------------------------------------------------------
                    161.29    161.55      0.26     759.6     0.076     0.127
    -------------------------------------------------------------------------
                    165.22    165.70      0.48     867.7     0.087     0.145
    -------------------------------------------------------------------------
                    173.24    174.55      1.31       593     0.059     0.098
    -------------------------------------------------------------------------
    including       173.24    173.48      0.24     947.1      0.95     1.585
    -------------------------------------------------------------------------
    including       174.09    174.33      0.24     605.9     0.061     0.102
    -------------------------------------------------------------------------
    including       174.33    174.55      0.22    1676.5     0.168     0.280
    -------------------------------------------------------------------------
                    184.84    186.66      1.82      1169     0.117     0.195
    -------------------------------------------------------------------------
                    185.45    185.70      0.25      5550     0.555     0.926
    -------------------------------------------------------------------------
                    185.70    186.04      0.34    1175.5     0.118     0.197
    -------------------------------------------------------------------------
                    186.29    186.66      0.37       735     0.074     0.123
    -------------------------------------------------------------------------
                    195.67    196.28      0.61    1759.8     0.176     0.294
    -------------------------------------------------------------------------
                    199.34    201.45      2.11      1603     0.160     0.267
    -------------------------------------------------------------------------
    including       199.94    200.68      0.74      4470     0.447     0.746
    -------------------------------------------------------------------------
                    206.58    206.74      0.16     794.5     0.079     0.132
    -------------------------------------------------------------------------
                    207.08    207.24      0.16    1214.6     0.121     0.202
    -------------------------------------------------------------------------
                    209.29    210.60      1.31       583     0.058     0.097
    -------------------------------------------------------------------------
    including       209.29    209.44      0.15      3600     0.360     0.600
    -------------------------------------------------------------------------
    including       209.72    209.85      0.13    1512.4     0.151     0.252
    -------------------------------------------------------------------------
    including       210.84    211.18      0.34     598.7     0.060     0.100
    -------------------------------------------------------------------------
                    213.55    214.10      0.55     995.5     0.100     0.167
    -------------------------------------------------------------------------
                    221.13    221.21      0.08     825.2     0.083     0.138
    -------------------------------------------------------------------------
                    227.84    228.24      0.40      1425     0.143     0.238
    -------------------------------------------------------------------------
                    241.08    241.22      0.14    1265.9     0.127     0.212
    -------------------------------------------------------------------------
                    253.80    253.93      0.13    1185.9     0.119     0.198
    -------------------------------------------------------------------------
    MF-08-80         61.08     61.23      0.15     834.8     0.083     0.138
    -------------------------------------------------------------------------
                     81.29     82.56      1.27      3330     0.333     0.555
    -------------------------------------------------------------------------
    including        81.42     81.81      0.39      8750     0.875     1.460
    -------------------------------------------------------------------------
    including        81.81     82.38      0.57    1232.7     0.123     0.205
    -------------------------------------------------------------------------
                     88.70     95.79      7.09       611     0.061     0.102
    -------------------------------------------------------------------------
    including        88.70     90.83      2.13     986.5     0.099     0.165
    -------------------------------------------------------------------------
    including        94.37     94.77      0.40      5140     0.514     0.857
    -------------------------------------------------------------------------
                    113.22    114.04      0.82     787.6     0.079     0.132
    -------------------------------------------------------------------------
                    117.10    117.41      0.31    1037.1     0.104     0.173
    -------------------------------------------------------------------------
                    123.31    123.64      0.33    1641.9     0.164     0.274
    -------------------------------------------------------------------------
                    132.70    133.20      0.50    1276.4     0.128     0.213
    -------------------------------------------------------------------------
                    140.34    141.01      0.67      1303     0.130     0.217
    -------------------------------------------------------------------------
                    153.49    153.68      0.19    1654.1     0.165     0.275
    -------------------------------------------------------------------------
                    163.97    164.25      0.28     739.9     0.074     0.123
    -------------------------------------------------------------------------
                    166.66    166.92      0.26    1780.4     0.178     0.297
    -------------------------------------------------------------------------
                    174.96    175.06      0.10     884.9     0.088     0.147
    -------------------------------------------------------------------------
                    195.27    196.46      1.19      1306     0.131     0.218
    -------------------------------------------------------------------------
    including       195.94    196.18      0.24      5770     0.577     0.962
    -------------------------------------------------------------------------
                    207.86    210.11      2.25      1066     0.107     0.178
    -------------------------------------------------------------------------
    including       207.86    208.16      0.30      7520     0.752     1.254
    -------------------------------------------------------------------------
                    215.07    215.33      0.26      2830     0.283     0.472
    -------------------------------------------------------------------------
                    217.32    217.98      0.66      1058     0.106     0.177
    -------------------------------------------------------------------------
    including       217.72    217.98      0.26    1861.2     0.186     0.310
    -------------------------------------------------------------------------
    MF-08-81        132.94    133.35      0.41      1087     0.109     0.182
    -------------------------------------------------------------------------
                    141.59    142.51      0.92       801     0.080     0.133
    -------------------------------------------------------------------------
                    145.88    146.42      0.54      1169     0.117     0.195
    -------------------------------------------------------------------------
                    164.97    165.20      0.23     629.8     0.063     0.105
    -------------------------------------------------------------------------
                    242.32    245.83      3.51       779     0.078     0.130
    -------------------------------------------------------------------------
    including       242.32    242.89      0.57     597.7     0.060     0.100
    -------------------------------------------------------------------------
    including       243.23    243.49      0.26      6440     0.644     1.074
    -------------------------------------------------------------------------
    including       244.77    245.09      0.32    1164.9     0.116     0.194
    -------------------------------------------------------------------------
                    265.38    266.38      1.00      1286     0.129     0.215
    -------------------------------------------------------------------------
    including       265.98    266.38      0.40      3210     0.321     0.535
    -------------------------------------------------------------------------

    (*)The angle between the core axis and veins were all at an inclined
    angle and so widths reported 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 that returned Mo results greater than 2,000 ppm were re-submitted for
re-analysis. Group 7KP - 0.50 gm analysis was utilized for more quantitative
determination of high grade Mo results.

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

    In addition, Hole 81 returned highly anomalous tungsten over a number of
intervals, as follows:

    
    -------------------------------------------------------------------------
                            From       To        Width        W          W
                            (m)        (m)        (m)       (ppm)       (%)
    -------------------------------------------------------------------------
                          201.89     204.69       2.80       3464      0.346
    -------------------------------------------------------------------------
    including             201.89     202.39       0.50       5150      0.515
    -------------------------------------------------------------------------
    including             202.39     202.94       0.55       8780      0.878
    -------------------------------------------------------------------------
    including             202.94     203.84       0.90       2020      0.202
    -------------------------------------------------------------------------
    including             203.84     204.69       0.85        560      0.086
    -------------------------------------------------------------------------
                          209.11     210.98       1.87        861      0.086
    -------------------------------------------------------------------------
    including             209.11     209.97       0.86       1310      0.131
    -------------------------------------------------------------------------
                          225.28     228.32       3.04       2519     0.2519
    -------------------------------------------------------------------------
    including             225.28     226.03       0.75       2370      0.237
    -------------------------------------------------------------------------
    including             226.03     226.50       0.47       3310      0.331
    -------------------------------------------------------------------------
    including             227.84     228.32       0.48       1960      0.196
    -------------------------------------------------------------------------
                          242.89     243.23       0.34       1480      0.148
    -------------------------------------------------------------------------
                          278.71     282.00       3.29       1539      0.154
    -------------------------------------------------------------------------
    including             280.71     281.71       1.00       5060      0.506
    -------------------------------------------------------------------------
    

    Holes 8, 11, 12 and 17 were drilled on the west side of the property and
were short holes intended to test the vein (and/or vein system) associated
with that exposed in the Ben Derby adit. Hole 8 was approximately 120 m north
of the Ben Derby adit and drilled at an inclination of -42 toward azimuth 180.
Holes 11 and 12 were drilled approximately 80 m north of the Ben Derby adit at
inclinations of -46 and -60, respectively, toward azimuth180. Hole 17 was
drilled approximately 20 m east-southeast of the Ben Derby adit at an
inclination of -75 toward azimuth 348. Holes 78 and 80 were drilled at the
eastern boundary of the area encompassed by the 2007 - 2008 Phase II drill
program. The holes were drilled from the same pad, with hole 78 at an
inclination of -47 and hole 80 at -65, both at an azimuth of 136. Hole 81 was
drilled at the western boundary of the drill area, approximately 500 m north
of the Ben Derby adit. The hole was drilled at an inclination of -45 toward
azimuth 224. This hole is particularly significant in that it is strongly
mineralized and is the farthest hole to the north on the western edge of the
drill area. As such, it significantly increases the area apparently underlain
by highly anomalous mineralized veins.
    Drill core recovered from the program continues to be evaluated and
sampled, with samples submitted for analysis to Acme Laboratories Ltd in
Vancouver, BC. Quantitative analytical results will continue to be released as
received and evaluated by the Company.
    Jasper management is encouraged with the McFarlane drilling results and
expects to have sufficient information to have an independent resource
evaluation prepared for the property.
    The property is adjacent to and is contiguous with the Company's Lydy
property. Together the Lydy and McFarlane properties comprise a composite
property of 4,259 ha (10,524 acres), encompassing an area 11 km east-west by
4 km north-south. Both the Lydy and McFarlane properties are 100% owned by the
Company with potential for molybdenum plus copper plus/minus gold
mineralization.
    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 relationsinquiries may be directed to Robert Rowell,
Telephone (403) 668-4880, email:ir@beaumontcapital.ca


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