DGAP-News: ASTUR GOLD SUBMITS ENVIRONMENTAL IMPACT ASSESSMENT
(firmenpresse) - DGAP-News: Astur Gold Corp. / Key word(s): Miscellaneous
ASTUR GOLD SUBMITS ENVIRONMENTAL IMPACT ASSESSMENT
17.05.2012 / 12:00
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Vancouver, BC - Astur Gold Corp. (TSX-V: AST, Frankfurt: CDC) ('Astur Gold'
or the 'Company') announces the submission of the Environmental Impact
Assessment ('EIA') to the General Directorate of Mines of the Principality
of Asturias.
This application addresses all aspects requested by the General Directorate
of Environmental of the Principality of Asturias following the period of
consultation with both local and regional administrations, NGO's, and other
parties. The EIA is the result of extensive field and office work of Astur
Gold's technical team in coordination with CONGEO, the local company
specializing in Environmental consulting, and the contribution of local
entities including Biosfera, Acusmed, Novotec, Universidad de Oviedo,
Seinco, Terratec, Vaciero and Huso Mediciones.
In relation to the environmental aspects, the EIA includes a Reclamation&Closure Project and a Residue Handling Program in accordance with the
statutory requirements of Spanish mining laws.
Included with the application is a revised and updated compilation to date
of 'Mining Application (Proyecto de Explotación)' and complementary studies
such as Archeological&Patrimony, Hydrogeological&Hydrological,
Geotechnical, and Health&Safety.
A subsequent period of public information will follow to allow potentially
affected stakeholders to have concerns addressed by Astur Gold. Once Astur
Gold obtains a positive DIA and the authorization of the project, the
Company will be able to commence construction of the Salave gold mine,
pending municipal permits. In order to commence production, an
'Autorizacion ambiental integrada' will be required from the General
Directorate of Mines of the Principality of Asturias and for the tailings
facilities.
Socio-Economic Impacts
One of the main criteria from the Government of Asturias is
the socio-economic evaluation of the Salave project. Three surveys
completed over the last 18 months revealed an average of 70% support for
the Salave gold mine. In the neighboring villages, support soars to over
80%. Over 94.5% of respondents are concerned about the high rate of
unemployment. These surveys were conducted by Novacom and have a margin of
error of +/- 5%.
Astur Gold has received over 4,400 CVs to date and the rate has recently
accelerated. The Company started health and safety courses for 400 people
with priority placement to the people of Tapia. During construction phase
Salave will generate 850 direct jobs, and during the life of mine Salave
will directly and indirectly generate 500 jobs. These numbers are
conservative and many more indirect jobs could be created.
Tapia de Casariego will collect taxes on all construction activity and the
Principality of Asturias will receive significant tax revenue over the life
of the mine.
Cary Pinkowski, President&CEO of Astur Gold commented, 'I would like to
thank our hard working staff, CONGEO and all other groups who assisted
drafting this document. We have diligently listened to the concerns of the
community, local leaders, environmental groups and the Principality of
Asturias. Astur Gold looks forward to putting Salave into production for
the benefit of all stakeholders.'
ABOUT ASTUR GOLD
Astur Gold isdeveloping its 100% owned Salave Gold Project in Asturias,
northern Spain comprising 3198 hectares. Salave is one of the largest
undeveloped gold deposits in Western Europe. The Company submitted an
application for an underground mine permit to the government of Asturias in
September 2011. Astur Gold is currently conducting underground mine
planning and an Environmental Impact Study. The Company is building a
partnership with the people of Asturias to generate sustainable economic
benefits for the region while balancing the needs of environmental
protection and social community development.
ON BEHALF OF THE BOARD
Signed 'Cary Pinkowski'
Cary Pinkowski, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Vadim Dubchak
#300-1055 West Hastings Street,
Vancouver, B.C., V6E 2E9
Tel: +1 604-694-1600
Fax: +1 604-694-1663
info(at)asturgold.com
www.asturgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Mineral
resources that are not mineral reserves do not have demonstrated economic
viability.
This document contains certain forward looking statements which involve
known and unknown risks, delays and uncertainties not under the Company's
control which may cause actual results, performance or achievements of the
Company to be materially different from the results, performance or
expectation implied by these forward looking statements.
End of Corporate News
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170396 17.05.2012
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Datum: 17.05.2012 - 12:00 Uhr
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News-ID 147597
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