Trading Symbol: TSX-V: JSP
CALGARY, Sept. 27, 2018 /CNW/ - Jasper Mining
Corporation ("Jasper") (TSX-V:JSP) advises that on
September 19, 2018 Imperial Metals
Corporation ("Imperial") issued a News Release titled "Imperial
Reports Drilling Intersects 21.7 metres grading 16.99% zinc and
3.44% lead and 2.41 g/t silver at Ruddock Creek". The News
Release reported in detail the drilling on the Ruddock Creek
massive sulphide horizons.
Following are the assays from the mineralization intersected in
RD-18-V41 contained in the Imperial News Release:
"Hole #
|
Total Length
(m)
|
Interval from
(m)
|
Interval To
(m)
|
Interval Length
(m)
|
Estimated
True Thickness
(m)
|
Zinc (%)
|
Lead (%)
|
Silver
(g/t)
|
RD-18-V41
|
828.8
|
751.5
|
784.4
|
32.9
|
32.7
|
12.01
|
2.47
|
1.74
|
Including
|
|
751.5
|
773.2
|
21.7
|
21.5
|
16.99
|
3.44
|
2.41
|
and
|
|
756.9
|
767.3
|
10.4
|
10.3
|
25.70
|
5.41
|
3.44"
|
The drill sections and other important information may be viewed
on Imperial's website at
https://www.imperialmetals.com/projects/ruddock-creek/maps-and-diagrams
By Agreement dated March 17, 2014
Jasper conveyed to Selkirk Metals Corp., ("Selkirk") a subsidiary
of Imperial, 6,028.83 hectares comprising 16 tenures in the Ruddock
Creek area adjoining the properties of Selkirk on the Ruddock Creek property for the
consideration of $100,000 cash and a
1.5% net smelter royalty to Jasper. The Agreement contains a
provision that 1% of the net smelter return can be purchased by
Selkirk from Jasper for the
consideration of $1,000,000, leaving
Jasper with a .5% net smelter return. (See Jasper News
Release dated March 31, 2014).
The size of the Ruddock Creek discovery by Selkirk and its partners is unknown at this
time, but the Imperial news release indicates that it may be
extensive. It is possible that some of this deposit may be on
the former Jasper Ruddock Creek
tenures and subject to the net smelter royalty.
Jasper urges interested parties to review the Imperial news
release of September 19, 2018.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Jasper Mining Corporation