Jasper Mining Corporation (JSP-TSXV)
January 16, 2009 Issue
The Most Powerful Name In Corporate News and Information
Jasper Mining Is A Serious Player With Two Significant Discoveries At McFarlane And Isintok To Be Announced In The Next Year Plus Other Exploration Potential From Their 20 Properties In British Columbia
Jasper Mining Corporation is an Alberta
provincially incorporated company that operates exclusively in British
Columbia. Jasper Mining commenced operations in 1994 and has focused
attention on the exploration and development of mining properties located in
the B.C. interior. The company’s business plan has been to acquire 100%
working interest in properties that have indications of known mineralization
and then to raise the necessary financing to fully realize their potential.
Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published – January 16, 2009
Mr. Dixon: “Jasper is exploring in British Columbia, Canada, in precious and base metals. It has twenty different properties in B.C., and an active exploration team working on all of these properties.”
CEOCFO: What is the common thread for the properties?
Mr. Dixon: “They are all mineral properties either for base metals such as lead/zinc, silver, copper and molybdenum, cobalt and nickel as well as several gold properties.”
CEOCFO: Is it a deliberate focus to have such a wide variety?
Mr. Dixon: “In the properties that we have, the wide variety of metals just comes with the territory. It is not a problem to have a wide variety of properties because copper/molybdenum, gold and silver really occur in many of the properties as a multi-metallic mix in the same property.
CEOCFO: Do you own these 100%, do you partner; what is the philosophy for Jasper?
Mr. Dixon: “Our properties are all owned by Jasper Mining Corporation 100%. We have no option properties; we have no properties on which we have granted net smelter interest to any other parties. All of our properties are 100% owned by Jasper.”
CEOCFO: It is rather unusual to own 100% of your properties?
Mr. Dixon: “It is unusual, but we have taken the time to get in all of the other interests. We feel that many of the option agreements and smelter and royalty agreements that have been granted by other mining companies detract from long-term economic viability.”
CEOCFO: Would you explain your systematic exploration approach?
Mr. Dixon: “We are fairly advanced in a scientific approach to exploration. We started by acquiring our properties based upon literature published over the last 120 years in the mining records in the province of British of Columbia where it was required that people who had operated on British Columbia properties, would make certain disclosures if they wanted to record the assessment value of the work they had done. We started there about fifteen years ago gathering up these properties at a time when there was a socialist government in British Columbia. Many of the major mining companies left British Columbia and are no longer exploring there, so we gathered up the properties at that time. Our criteria was essentially that they had to show some previous mineral content, and that they couldn’t be in an aboriginal area or have aboriginal claims on them. We did not want them in any major watersheds, old growth forests or environmentally sensitive areas in any way, and we wanted them reasonably accessible in terms of roads, power lines, and transportation. Once we resolved those factors and got some properties, we went through ground geology and quite detailed geo-physics soil sampling and assaying. We then do airborne geo-physical surveys and if we still like what we see we go to ground IP surveys and then we diamond drill. So far, we have two properties that show real promise.”
CEOCFO: What is the financial picture like for you today?
Mr. Dixon: “It is somewhat difficult to raise money, but we have been fortunate, because of our approach and the flow-through tax regime in Canada. We have been able to raise millions of dollars, which we have put in the ground and found what we think are prospective ore bodies. We have money in the bank and our bills paid. Therefore, we are in pretty good financial condition and in pretty good shape.”
CEOCFO: Has anything changed for you or anything you are doing different because of the current situation?
Mr. Dixon: “I guess it has in the sense that we are pretty careful with our treasury. We spend very conservatively and we make sure we get value for the money we do spend. I think we have always done that. In terms of Canada and getting core to analyze, we are probably the lowest cost operator in the country. We have drilled this year more than 20 kilometers of diamond drill holes this year, so we really know what we are talking about. We have probably drilled as much or more than anyone in an exploration sense.”
CEOCFO: What happens from here?
Mr. Dixon: “We are presently working with an immense amount of core that we have accumulated on our two major properties; Isintok and McFarlane. I suspect we are still sixty days away from having a 43-101 compliant report on both of those properties. That type of report is something that required by the securities commissions and stock exchanges in Canada. The report normally covers the tonnage and the grade of the deposit discovered. It is in a form that is compliant and it is also a report that has been prepared by totally independent geologists. Therefore, that report is publishable by the company and complies with our disclosure regulations here in Canada and more or less, tracks US requirements too.”
should potential investors choose Jasper Mining out of the crowd?
CEOCFO: Final thoughts; what should people remember most about Jasper?
“Jasper Mining has the potential of having two significant discoveries
announced in the next year. It also has good exploration potential on its
Faith, Sawyer, Erie Creek, Vowell Creek, and Irony properties. We are in
the game. We have a great variety of properties. We are serious players.”
“Jasper Mining has the potential of having two significant discoveries announced in the next year. It also has good exploration potential on its Faith, Sawyer, Erie Creek, Vowell Creek, and Irony properties. We are in the game. We have a great variety of properties. We are serious players.” - Gordon F. Dixon, Q.C.
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