Astral Drills 5m Averaging 39 g/t Gold and 93 g/t Silver at Los Crestones Project, Sierra Madre Gold-Silver Belt, Mexico
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/12/11 -- Astral Mining Corporation (TSX VENTURE: AA)(TSX VENTURE: AA.WT)(PINKSHEETS: AAMJF)(FRANKFURT: A7DA) ("Astral" or "the Company") is pleased to report the second batch of results from drilling at the Los Crestones property, Sinaloa state, Mexico. Highlights from holes 7 to 12 of the recently-completed 18 hole 2,618.61m program include 5m averaging 39.1 g/t gold, 93.3 g/t silver and 2.13% copper. This interval from hole 11LD011 included 1m of 162.5 g/t gold, 270 g/t silver and 3.02% copper. Intervals stated are core length. True widths are not known as mineralization geometry is not completely understood at this time.
Holes 10, 11 and 12 on the Bohemia vein tested a high priority zone previously sampled on surface by Astral. Current interpretation of this section indicates up to three sub-vertical mineralized vein/breccia bodies exist within an envelope of approximately 25m. The mineralization remains open at depth and requires additional drill testing to confirm geometry and continuity.
Seventeen of eighteen holes were completed to programmed depth. Hole 11LD013 was abandoned due to poor ground conditions. Drilling targeted low-medium sulphidation epithermal style mineralization in three sub-parallel vein/breccia zones "Corona", "Bohemia" and "Indio". The zones trend north-south and have been mapped on surface for up to 930m (for drill plan see Astral's current map page at the following link: ). The mineralized zones consist of silicified breccias and quartz stockwork veins which exploit brittle fractures within multi-phase felsic intrusives and minor intermediate volcanics.
Astral is awaiting results from the remaining five holes in this round of drilling. Due to high gold and silver values returned from the latest results, confirmation analyses including metallic screens for gold will be conducted on stored coarse reject material.
Manfred Kurschner, CEO and President comments, "The results from this first drilling program are extremely encouraging and have far exceeded our expectations. Furthermore, Astral's limited sampling programs along strike and adjacent to the discovery area have yielded a number of high priority exploration targets to focus on in 2012."
Technical details contained in this news release have been reviewed by Dale Brittliffe, P.Geo., a Qualified Person as defined in National Instrument 43-101 and Astral's V.P. Exploration.
About Astral
Astral Mining Corporation is a Canadian company engaged in the exploration and development of precious metal properties in the Americas. By focusing on exploration in mining-friendly districts, the Company minimizes the political and social risks encountered in many other parts of the world. With a new gold discovery at the Company's Jumping Josephine Gold Project in Southern British Columbia, the promising early stage Los Crestones gold-silver project in Sinaloa state, Mexico, an experienced technical team and seasoned management, Astral is poised to leverage this expertise into early exploration success. Further details on Astral Mining Corporation and its high-quality portfolio of exploration projects can be found at .
ON BEHALF OF THE BOARD
Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2011 Number 22
Shares outstanding - 24,639,400
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contacts:
Astral Mining Corporation
Manfred Kurschner
President & CEO
(604) 569-0800
info(at)astralmining.com
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Datum: 12.12.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 95929
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