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Jasper Mining Corporation Reports High Grade Values On Holes 18 Through 54 On The Isintok Property

22.12.2010  |  CNW
CALGARY, Dec. 21 /CNW/ - Jasper Mining Corporation (the "Company") has received additional assay results from Diamond Drill Holes ("DDH") IS-08-18 to IS-08-54 inclusive from its 100% owned Isintok property. The property comprises 3,007 ha (7,430 acres or approximately 11.6 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 30 km west of Penticton 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 completed as part of the Company's 2008 exploration program. The objective of the 2008 drill program was to evaluate the sub-surface, porphyry style mineralization corresponding to coincident surface soil and Induced Potential (geophysical) anomalies.

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 (Cu) were re-submitted for Group 7AR analysis. Samples that returned Molybdenum (Mo) results greater than 2,000 ppm were re-submitted for Group 7KP.

The analytical results and tables in this news release were prepared by the Company's consultants, TerraLogic Exploration Inc. of Cranbrook, B.C. and the assays by Acme Labs of Vancouver, BC.

Management wishes to emphasize that although the project is currently being evaluated as a Copper-Molybdenum porphyry deposit, numerous very high grade molybdenum intercepts have been documented, with single sample intervals to 4.985% Mo (8.315% MoS2) over 0.32 m and composite intervals grading 0.055% Mo (0.092% MoS2) over 44.58 m. Local high grade values for silver (40.30 g/t over 1.18 m), gold (2.591 g/t over 1.18 m) and tungsten (0.25% over 1.12 m) have also been documented.


Isintok Intersections - 2008 DDH Program

The following table is a compilation of high grade analytical results for copper, molybdenum, gold, and silver for the 2008 Isintok DDH program. Intervals were selected based cutoffs of >3.0m length @ >0.1% Cu, and a dilution width of 20m.

Hole
Number From
(m) To
(m) Length
(m) Cu
% Mo
% Au
g/t Ag
g/t CuEq
%

IS08-17 83.41 89.21 5.80 0.119 0.008 0.01 0.33 0.177

IS08-18 22.65 25.93 3.28 0.133 0.005 0.04 1.11 0.197
IS08-18 50.76 70.05 19.29 1.163 0.093 0.16 5.44 1.927
including 56.99 67.12 10.13 2.105 0.163 0.28 9.63 3.449
IS08-18 96.62 119.25 22.63 0.370 0.028 0.09 2.81 0.628
IS08-18 113.15 119.25 6.10 0.305 0.006 0.05 2.55 0.390
including 113.15 116.20 3.05 0.462 0.009 0.07 3.89 0.600
IS08-18 146.01 159.46 13.45 0.141 0.009 0.04 2.05 0.242

IS08-19 49.26 52.51 3.25 0.238 0.021 0.08 1.46 0.434
IS08-19 58.29 107.59 49.30 0.200 0.020 0.05 1.36 0.372
including 69.19 72.23 3.04 0.628 0.078 0.19 6.50 1.316
IS08-19 116.42 122.52 6.10 0.123 0.001 0.00 0.66 0.139
IS08-19 256.06 259.46 3.40 0.135 0.020 0.01 1.02 0.283

IS08-20 3.63 8.13 4.50 0.166 0.002 0.11 4.23 0.275
IS08-20 27.14 33.89 6.75 0.130 0.001 0.05 1.76 0.183
IS08-20 44.35 48.16 3.81 0.185 0.090 0.03 2.27 0.835
IS08-20 57.30 62.32 5.02 0.112 0.001 0.03 0.65 0.139
IS08-20 93.87 101.49 7.62 0.121 0.016 0.01 0.50 0.245
IS08-20 204.41 211.52 7.11 0.423 0.002 0.11 5.57 0.547

IS08-21 19.16 23.88 4.72 0.120 0.003 0.01 2.39 0.172
IS08-21 111.09 121.42 10.33 0.118 0.131 0.04 1.98 1.045
IS08-21 282.84 290.49 7.65 0.170 0.011 0.02 1.46 0.273
IS08-21 311.26 318.90 7.64 0.121 0.013 0.47 2.35 0.469

IS08-22 55.09 72.79 17.70 0.159 0.041 0.08 2.49 0.499
IS08-22 142.64 153.53 10.89 0.234 0.009 0.00 0.67 0.305
IS08-22 165.49 174.98 9.49 0.154 0.064 0.03 2.03 0.623
IS08-22 284.49 289.10 4.61 0.108 0.016 0.02 1.07 0.238

IS08-23 20.45 31.41 10.96 0.226 0.017 0.06 4.25 0.409
IS08-23 47.78 54.96 7.18 0.164 0.014 0.03 2.07 0.292
IS08-23 70.51 74.30 3.79 0.354 0.001 0.06 1.68 0.405

IS08-24 34.43 38.50 4.07 0.442 0.018 0.16 9.01 0.735

IS08-25B 7.01 12.86 5.85 0.120 0.001 0.05 2.19 0.171
IS08-25B 167.75 187.65 19.90 0.153 0.013 0.03 1.07 0.262
IS08-25B 230.45 233.99 3.54 0.335 0.159 0.10 2.43 1.493


Hole
Number From
(m) To
(m) Length
(m) Cu
% Mo
% Au
g/t Ag
g/t CuEq
%

IS08-26 45.73 54.25 8.52 0.170 0.010 0.02 0.55 0.249
IS08-26 81.24 90.80 9.56 0.499 0.206 0.12 2.39 1.986
IS08-26 124.36 127.40 3.04 0.105 0.017 0.02 1.00 0.246
IS08-26 152.48 203.60 51.12 0.166 0.020 0.05 1.68 0.343
IS08-26 247.94 273.70 25.76 0.149 0.003 0.03 1.47 0.199
IS08-26 224.93 235.57 10.64 0.123 0.021 0.02 0.98 0.285

IS08-27 115.30 121.96 6.66 0.221 0.031 0.02 1.53 0.355
IS08-27 94.97 121.96 26.99 0.157 0.026 0.02 1.21 0.454

IS08-28 79.89 93.70 13.81 0.187 0.021 0.03 1.49 0.361

IS08-29 15.39 22.36 6.97 0.213 0.166 0.04 1.89 1.381
IS08-29 35.04 41.16 6.12 0.188 0.054 0.03 1.71 0.590
IS08-29 93.50 98.75 5.25 0.096 0.030 0.00 1.68 0.321

IS08-30 12.80 23.47 10.67 0.107 0.007 0.03 0.96 0.175
IS08-30 33.63 43.30 9.67 0.149 0.007 0.01 1.23 0.214
IS08-30 61.05 64.39 3.34 0.107 0.005 0.01 0.48 0.149
IS08-30 76.70 81.38 4.68 0.164 0.002 0.01 1.08 0.197

IS08-31 17.98 21.03 3.05 0.121 0.034 0.02 1.47 0.381

IS08-32 12.99 20.18 7.19 0.140 0.005 0.02 0.93 0.194
IS08-32 28.56 37.36 8.80 0.339 0.102 0.08 3.94 1.110
IS08-32 84.75 90.65 5.90 0.155 0.009 0.01 1.17 0.234
IS08-32 168.03 175.16 7.13 0.112 0.007 0.01 0.79 0.170
IS08-32 195.78 208.74 12.96 0.107 0.003 0.03 0.90 0.151

IS08-33 66.32 70.28 3.96 0.106 0.128 0.03 1.12 0.476
IS08-33 216.44 219.46 3.02 0.110 0.018 0.01 1.20 0.252

IS08-34 16.09 19.51 3.42 0.309 0.023 0.11 2.32 0.543
IS08-34 29.36 36.87 7.51 0.211 0.102 0.04 1.96 0.946
IS08-34 90.98 94.39 3.41 0.114 0.007 0.05 2.06 0.207
IS08-34 172.25 200.85 28.60 0.147 0.029 0.04 1.16 0.373
including 182.56 200.85 18.29 0.174 0.035 0.04 1.36 0.445
including 193.21 200.85 7.64 0.202 0.035 0.05 1.85 0.482
IS08-34 213.73 229.40 15.67 0.118 0.018 0.02 1.14 0.262

IS08-36 14.48 36.58 22.10 0.113 0.028 0.02 0.90 0.320
IS08-36 59.01 64.04 5.03 0.540 0.548 0.31 6.65 4.491
IS08-36 127.47 152.67 25.20 0.136 0.020 0.02 0.73 0.287

IS08-37 16.50 21.00 4.50 0.149 0.016 0.02 2.00 0.287
IS08-37 79.50 85.50 6.00 0.101 0.252 0.02 3.33 1.859


Hole
Number From
(m) To
(m) Length
(m) Cu
% Mo
% Au
g/t Ag
g/t CuEq
%

IS08-38 23.25 82.64 59.39 0.368 0.081 0.05 2.20 0.961
including 52.83 57.96 5.13 1.061 0.152 0.12 6.22 2.217
including 61.73 68.42 6.69 1.065 0.369 0.07 5.12 3.661

IS08-39 2.65 45.27 42.62 0.284 0.007 0.05 1.63 0.374
IS08-39 58.52 66.44 7.92 0.189 0.007 0.01 1.26 0.254
IS08-39 69.49 96.50 27.01 0.291 0.039 0.07 2.30 0.610
including 80.35 91.58 11.23 0.514 0.068 0.06 3.44 1.040
IS08-39 159.04 175.09 16.05 0.221 0.182 0.05 2.07 1.505
IS08-39 179.34 184.41 5.07 0.117 0.016 0.01 0.36 0.236
IS08-39 220.90 225.80 4.90 0.109 0.025 0.01 0.32 0.291
IS08-39 240.61 245.55 4.94 0.156 0.003 0.01 1.04 0.195
IS08-39 264.66 268.02 3.36 0.206 0.082 0.03 3.42 0.814

IS08-40 58.02 88.34 30.32 0.136 0.052 0.03 1.54 0.521

IS08-41 3.05 30.20 27.15 0.190 0.015 0.02 1.27 0.314
including 15.15 19.73 4.58 0.512 0.037 0.05 3.22 0.817
IS08-41 57.52 71.41 13.89 0.149 0.020 0.06 2.49 0.341

IS08-42 10.87 14.80 3.93 0.171 0.007 0.02 0.57 0.234
IS08-42 19.75 25.09 5.34 0.176 0.038 0.04 1.76 0.469
IS08-42 35.00 47.37 12.37 0.159 0.009 0.04 1.72 0.259
IS08-42 64.60 79.48 14.88 0.180 0.014 0.03 1.55 0.306
IS08-42 86.91 90.61 3.70 0.320 0.008 0.03 2.57 0.414
IS08-42 110.31 122.38 12.07 0.159 0.002 0.02 0.68 0.186

IS08-43 5.19 43.57 38.38 0.149 0.006 0.02 1.08 0.211
IS08-43 54.42 74.89 20.47 0.321 0.005 0.05 2.11 0.401
IS08-43 67.34 73.29 5.95 0.371 0.008 0.03 2.73 0.463
IS08-43 78.75 96.97 18.22 0.137 0.021 0.02 0.95 0.301

IS08-44 4.40 10.67 6.27 0.134 0.011 0.04 0.82 0.233
IS08-44 18.36 47.62 29.26 0.158 0.002 0.03 1.52 0.200
IS08-44 41.29 47.62 6.33 0.360 0.003 0.09 4.13 0.466
IS08-44 64.76 102.04 37.28 0.135 0.007 0.05 0.97 0.218
IS08-44 130.74 145.89 15.15 0.104 0.046 0.02 1.18 0.438
IS08-44 200.90 271.55 70.65 0.027 0.067 0.01 0.49 0.497
including 200.90 208.47 7.57 0.148 0.039 0.04 2.63 0.454
IS08-44 304.68 310.41 5.73 0.149 0.011 0.07 2.12 0.278

IS08-45 12.56 31.16 18.60 0.123 0.005 0.02 0.90 0.174
including 23.27 26.41 3.14 0.299 0.007 0.03 1.55 0.374
IS08-45 49.32 75.13 25.81 0.234 0.016 0.03 2.57 0.400
including 63.62 67.03 3.41 0.628 0.026 0.14 4.62 0.922
IS08-45 84.75 111.26 26.51 0.264 0.019 0.06 3.18 0.456
including 104.53 109.39 4.86 0.610 0.072 0.09 5.68 1.201
IS08-45 120.83 165.68 44.85 0.166 0.020 0.02 1.34 0.323
including 141.63 147.99 6.36 0.470 0.021 0.01 2.88 0.650
IS08-45 196.13 199.47 3.34 0.124 0.001 0.02 1.95 0.164


Hole
Number From
(m) To
(m) Length
(m) Cu
% Mo
% Au
g/t Ag
g/t CuEq
%

IS08-45 242.16 255.07 12.91 0.211 0.231 0.21 2.66 1.920
including 243.73 246.99 3.26 0.556 0.887 0.80 7.59 7.069
IS08-45 316.88 323.76 6.88 0.167 0.004 0.01 0.88 0.205

IS08-46 26.39 35.09 8.70 0.121 0.007 0.02 0.66 0.185
IS08-46 55.02 73.96 18.94 0.701 0.062 0.03 3.09 1.166

IS08-47 37.49 40.55 3.06 0.367 0.013 0.05 4.67 0.526
IS08-47 90.06 165.44 75.38 0.210 0.014 0.06 1.61 0.352
including 103.30 108.30 5.00 0.587 0.038 0.09 3.83 0.930
including 151.88 165.44 13.56 0.399 0.043 0.22 3.79 0.840
including 151.88 156.74 4.86 0.867 0.083 0.56 6.76 1.779
IS08-47 176.00 198.29 22.29 0.139 0.014 0.02 1.43 0.262
IS08-47 202.61 211.27 8.66 0.145 0.043 0.04 1.74 0.475
IS08-47 302.05 326.87 24.82 0.205 0.014 0.02 1.00 0.318
including 302.05 309.25 7.20 0.492 0.000 0.05 2.31 0.542

IS08-48 29.13 38.18 9.05 0.100 0.004 0.05 1.10 0.160
IS08-48 65.11 71.11 6.00 0.123 0.010 0.02 1.09 0.207
IS08-48 86.18 98.12 11.94 0.110 0.006 0.01 1.17 0.166
IS08-48 138.62 159.47 20.85 0.193 0.018 0.07 2.68 0.375
including 138.62 143.10 4.48 0.505 0.009 0.12 6.01 0.682
IS08-48 171.90 174.95 3.05 0.172 0.005 0.06 3.05 0.264
IS08-48 191.69 222.35 30.66 0.121 0.012 0.03 1.36 0.229
IS08-48 235.85 258.35 22.5 0.191 0.035 0.08 3.63 0.509
including 246.35 250.85 4.50 0.450 0.129 0.19 9.07 1.513
IS08-48 333.35 337.85 4.50 0.134 0.014 0.03 1.53 0.261

IS08-49 12.21 15.27 3.06 0.113 0.002 0.01 0.80 0.140
IS08-49 48.50 52.81 4.31 0.251 0.004 0.07 3.75 0.352
IS08-49 99.31 106.80 7.49 0.171 0.019 0.03 1.87 0.332
IS08-49 145.94 151.96 6.02 0.296 0.003 0.08 5.08 0.405

IS08-50 29.45 101.60 72.15 0.222 0.024 0.05 2.38 0.436
including 66.95 91.02 24.07 0.367 0.063 0.06 3.34 0.855
including 86.45 89.85 3.40 0.909 0.093 0.07 4.41 1.616
IS08-50 107.60 116.60 9.00 0.167 0.073 0.02 1.25 0.683
IS08-50 133.10 165.10 32.00 0.207 0.012 0.03 1.24 0.315
including 133.10 137.60 4.50 0.335 0.016 0.10 2.87 0.524
including 140.60 145.10 4.50 0.543 0.029 0.04 2.93 0.791
IS08-50 192.10 198.10 6.00 0.119 0.014 0.02 1.60 0.243
IS08-50 207.10 220.60 13.50 0.208 0.063 0.05 1.97 0.684
IS08-50 328.60 333.10 4.50 0.123 0.018 0.01 0.37 0.255
IS08-50 352.60 369.10 16.50 0.135 0.010 0.04 0.66 0.228
including 364.60 369.10 4.50 0.350 0.008 0.12 1.77 0.484


Hole
Number From
(m) To
(m) Length
(m) Cu
% Mo
% Au
g/t Ag
g/t CuEq
%

IS08-51 3.30 7.80 4.50 0.114 0.001 0.06 1.97 0.169
IS08-51 58.80 63.30 4.50 0.147 0.001 0.26 3.00 0.314
IS08-51 72.30 76.80 4.50 0.139 0.018 0.10 2.40 0.332
IS08-51 88.80 118.80 30.00 0.136 0.026 0.03 2.12 0.349
IS08-51 159.30 171.30 12.00 0.033 0.020 0.01 0.41 0.177

IS08-52 60.30 64.83 4.53 0.230 0.036 0.07 2.90 0.539
IS08-52 117.80 139.07 21.27 0.172 0.015 0.04 2.20 0.315
IS08-52 172.43 193.62 21.19 0.177 0.037 0.04 1.70 0.465
IS08-52 207.16 212.86 5.70 0.133 0.049 0.02 1.71 0.493

IS08-53 5.16 21.58 16.42 0.267 0.034 0.04 3.35 0.550
IS08-53 27.98 40.04 12.06 0.132 0.003 0.02 1.74 0.179
IS08-53 44.64 49.00 4.36 0.150 0.066 0.06 1.48 0.644
IS08-53 56.41 74.91 18.50 0.118 0.064 0.04 1.20 0.584

IS08-54 4.42 25.10 20.68 0.227 0.031 0.04 2.60 0.483
including 10.32 13.94 3.62 0.454 0.088 0.06 5.09 1.129
including 18.93 23.95 5.02 0.308 0.037 0.07 3.48 0.631
IS08-54 70.73 84.43 13.70 0.138 0.003 0.02 1.55 0.182
IS08-54 107.26 116.87 9.61 0.161 0.027 0.04 1.79 0.379
IS08-54 124.25 136.24 11.99 0.145 0.027 0.03 1.36 0.360
IS08-54 146.85 184.05 35.40 0.176 0.029 0.05 2.36 0.420
including 178.91 184.05 5.14 0.475 0.055 0.10 7.72 0.976


Where:

CuEq = [[Cu% * 20 * $Cu] + [ Mo% * 20 * 1.67 * $Mo] + [Au(g/t) * ($Au/34.29)] + [Ag(g/t) * $Ag/34.29]] / [$Cu * 20]

And:

$Au = $1275/oz, $Ag = $22.00/oz, $Cu = $3.40/lb, $MoO2 = $15.50/lb

*Vein intersections are all inclined to core axis, therefore lengths of mineralized intervals are apparent thicknesses only.

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.


Management wishes to emphasize:

* There are many high grade copper +/- molybdenum +/- silver +/- gold +/- tungsten sample intervals in the majority of the Diamond Drill Holes completed with hundreds of analytical results exceeding 0.2% copper and/or 0.03% molybdenum.

* 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.

* Mineralization occurs in all 54 diamond drill holes on the Isintok property. The deposit size from drill holes measure 1200 meters north-south and 600 meters east-west and 300 meters from surface to depth.

* The Isintok deposit remains open in all directions including to depth.


See the Jasper website for a map of the Isintok drill holes.

The DDH drilled during 2005, 2006 and the DDH drilled during 2008 and reported on in earlier news releases and the assays contained in this news release confirm high grade, copper +/- molybdenum +/- silver +/- gold +/- tungsten in the Isintok deposit. Jasper's management is very encouraged with the results to date.

Jasper is of the opinion that it now has sufficient data to instruct consultants to proceed with the preparation of a compliant report on the Isintok deposit that could measure overall grade and tonnage. This work will start in early 2011.



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



For further information:

Gordon F. Dixon, Q.C., President
Jasper Mining Corporation
Telephone: (403) 297-9483
Fax: (403) 266-1487
e-mail: gdixon43@telus.net
www.jaspermining.com
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