Jasper posts more drill results from B. C.

In an interview with The Northern Miner in December 2005, Gordon Dixon, president of Jasper Mining (JSP-V, JAMGF-o), said the company’s McFarlane property, just east of Kootenay Lake in British Columbia, had the potential to be an excellent molybdenum property.

Today, he has some numbers to prove it.

In recently announced results from six drill holes, highlights included 4.4 metres of 0.948% molybdenum starting from 78 metres depth in hole 47, 0.2 metre of 0.104% moly starting from 25.3 metres in hole 53, and 0.3 metre of 0.668% moly starting from 47.53 metres in hole 23.

The McFarlane resource is associated with an interpreted Cretaceous-age intrusive body, with mineralization occurring as disseminations and within quartz-pyrite stockwork veins hosted by both sedimentary and intrusive rocks.

The western boundary of the McFarlane property is about 1 km west-southwest of the drilling area on the Sphinx property owned by Eagle Plains Resources (EPL-V, EGPLF-o), which has an inferred resource of 62 million tonnes grading 0.035% moly at a cutoff grade of 0.01%, for contained metal of 47.84 million lbs. moly.

High-grade, narrow molybdenum- bearing veins have been identified and drilled. Generally these have been characterized by sericitic margins, up to about 6 cm thick, on either side of the veins. Many of the intervals returned high-grade silver as well.

The McFarlane property is adjacent and contiguous to Jasper’s Lydy property; together, the properties make up about 426 sq. km.

At presstime, Jasper traded at about 20 a share. The junior exploration company, headquartered in Calgary, has a 52-week trading range of 20-54 a share. It has 61.85 million shares outstanding.