Jasper Mining Corporation announces initial results from Erie Creek property

    Trading Symbol: JSP (TSX-V)

    CALGARY, April 27 /CNW/ - Jasper Mining Corporation (the "Company") is
pleased to announce intial results from its 100% owned Erie Creek property,
located approximately 13 km north-northwest of Salmo and 26 km south of
Nelson, in southeastern British Columbia. The property comprises a total of
4,805 ha (11,873 acres), extending 11.5 kilometres northwest-southeast by
6.0 kilometres east-northeast-west-southwest, consisting of 14 contiguous
mineral tenures over an area of approximately 70 square kilometres.
    A diamond drill was mobilized onto the property in mid-February and
10 holes were completed from 8 pads before demobilization in early April. The
drill holes were all completed from pads on existing roads, located entirely
within the geochemically defined boundaries of the Erie Creek Stock (see press
release dated Feb. 9, 2007).
    Analyses have been received for holes 1, 2, 4, 5 and 6. Weighted average
values have been determined for select intervals, as follows:

    Hole      From        To          Interval    Copper      Molybdenum
    Number    (m)         (m)         (m)         (%)         (%)
    1         218.53      229.19      10.66       0.143       0.016
    1         220.05      236.82      16.77       0.097       0.023
    2         75.28       92.04       16.76       0.104       0.001
    5         106.20      110.00      3.80        0.159       0.001
    5         230.60      235.30      4.70        0.199       0.002

    The core comprising the sampled intervals was cut using a rock saw, 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. Sampled intervals averaged approximately 1.52 m (5 feet)
except for a number of high grade mineralized intervals for which shorter
sample intervals were utilized.

    A number of short intervals in hole 5 had relatively high grade copper
intervals (up to 3,765 ppm or 0.3%) at either or both ends of the sample
interval. Additional samples have been submitted to close off these relatively
high grade intervals so as to allow a weighted average determination.
    The purpose of this initial drill program was to test the Erie Creek
Stock, host to the interpreted Hattie porphyry occurrence (BC MINFILE 082FSW
226), described as follows:

    "Mineralization on the property occurs roughly in four concentric zones.
    An inner quartz-molybdenum plus scheelite zone followed by a chalcopyrite
    zone, a pyrite-pyrrhotite zone and an outer sphalerite-galena zone. The
    inner zone is approximately 600 metres in diameter and is centered on the
    east side of Erie Creek. The host rocks are quartz monzonite dykes,
    stocks and white rhyolite. The chalcopyrite zone occurs over an area of
    1.5 to 2 kilometres and occurs in quartz and sulphide veinlets as
    fracture coatings and in shear veins with pyrite, pyrrhotite and minor
    amounts of scheelite. The best copper values obtained, up to 1.3 per
    cent, were from vein and dump samples mainly from old workings on the
    west side of Erie Creek (Drum Lummon, Cooper King, Dora, Homestake).
    Pyrite and pyrrhotite, in an area about 1.5 by 2.5 kilometres, occur
    finely disseminated and as fracture coatings. Sphalerite and galena with
    some gold occur in shear veins beyond the inner zone, such as the Arnold
    (082FSW301) and Ben Hassen (082FSW300) showings.

    The inner quartz-molybdenite plus or minus scheelite zone is
    approximately centered on the Hattie or June 2 claim. Host rocks are
    quartz monzonite dykes and stock, and white rhyolite. Grades in the zone
    range from 0.01 to 0.059 per cent molybdenum; 0.0166 to 0.196 per cent
    copper and 0.005 to 0.14 per cent tungsten (Assessment Report 15510).
    Best results reported by McIntyre Porcupine Mines were 85 metres of
    0.115 per cent MoS2 and 0.05 per cent copper, including 30 metres of
    41.14 grams per tonne silver (Assessment Report 15510) ...

    The mineralization is believed to be part of a zoned porphyry-type
    deposit which has a central quartz vein stockwork zone containing
    molybdenum-copper-tungsten mineralization and a peripheral zone with
    veins containing copper, lead, zinc and silver mineralization. This
    showing is interpreted as occurring in the central stockwork zone".

    The drill program was completed to follow-up both Fugro Airborne
geophysical and surface soil results previously reported (see press release
dated February 9, 2007 ), interpret and delineate the Erie Creek Stock and
provide quantitative sub-surface information on the nature and style of
mineralization. Examination of the resulting drill core confirms the presence
of multiple granitic phases, cross-cut by fine- to medium-grained biotitic
(lamprophyric) dykes (possibly representing a dyke swarm) and sedimentary
lithologies. Lithological relationships evident within the drill core are
    Mineralization noted includes (in order of abundance) pyrrhotite, pyrite,
molybdenite and chalcopyrite. Chalcopyite is intimately associated with, but
subordinate to, pyrrhotite, typically as small lenses to lozenges included
within pyrrhotitic stringer veinlets to veins. Molybdenite is present as very
fine-grained disseminations, imparting a "dusty" appearance to core, and as
thin veinlets to fracture coated surfaces.
    Holes 1 and 3 were drilled on the west side of Erie Creek, with holes 2
and 4 to 10 drilled on the east side. Holes 1 to 6 were drilled on the west
fork of a road across Erie Creek, progressing south from hole 1 to hole 6.
Holes 7 to 10 were drilled from the main Erie Creek road, progressing
northward from hole 7 to 10. The holes have been drilled in an area
approximately 1.3 km north-south by 800 m east-west. Mineralization was
identified in all holes, with abundance decreasing from north to south.
    Single sample intervals (up to 1.52 m) with copper values in excess of 1%
over 0.2 m, molybdenum to 925.5 ppm (0.09%) and tungsten to 1,700 ppm (0.17%)
have been documented. Gold has been documented in virtually every sample,
although of very low grade. Work continues in an attempt to identify possible
controls to mineralization.
    Drill results are being evaluated with regard to airborne geophysical
results in order to prioritize anomalies for subsequent follow-up. Soil
samples appear to have successfully delineated the Erie Creek Stock,
subsequently cross-cut by an interpreted lamprophyric dyke swarm (apparently
delineated by radiometric data). Pyrrhotite within the drill area is believed
to have produced, or contributed to, the magnetic respond documented. A small
electromagnetic (EM) anomaly was tested by hole 10, for which subsequent
results will be utilized to evaluate other local EM anomalies. Samples from
hole 8 have just been submitted for analysis, with hole 9 currently being cut.
All remaining samples from the Erie Creek program are expected to be submitted
in the next two weeks, with analyses received two to three weeks afterward.
All results are expected to be released on or about the end of May.
    Further work is proposed for the property, including additional soil
sampling, prospecting and geological mapping, followed subsequently by further
drilling. Additional field work is also proposed on the remainder of the
property in an attempt to determine the nature of the lead-zinc anomaly and
potential for polymetallic to base skarn and/or metal vein potential.
    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; Investor
Relations inquiries may be directed to Robert Rowell, Telephone (403)
668-4880, email: ir@beaumontcapital.ca

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