DGAP-News: ASTUR GOLD GRANTED FIRST PERMIT AT SALAVE GOLD PROJECT
(firmenpresse) - DGAP-News: Astur Gold Corp. / Key word(s): Miscellaneous/Miscellaneous
ASTUR GOLD GRANTED FIRST PERMIT AT SALAVE GOLD PROJECT
12.12.2011 / 15:01
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Vancouver, BC - Astur Gold Corp. (TSX-V: AST, Frankfurt: CDC) ('Astur Gold'
or 'AST') is pleased to announce that the Regional Ministry of Economy and
Employment of the Principality of Asturias and the Regional Ministry of
Public Works, Territorial Planning, and the Environment of the Principality
of Asturias have granted the Company permission to proceed with
geotechnical drilling for the Salave gold deposit in Asturias, Spain.
'This is a significant first step in moving Salave through the permitting
stage and towards production. We will commence drilling in the coming
weeks,' stated CEO Cary Pinkowski.
Astur Gold plans to carry out a 7-hole geotechnical drilling program in
order to establish the geotechnical characteristics of the rock for the
planned drift project into the ore body.
ABOUT ASTUR GOLD
Astur Gold is developing 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 with a NI 43-101 compliant
mineral resource estimate by Scott Wilson RPA containing 1,683,000 oz of
gold in the Measured&Indicated category (2,155,000 tonnes grading 3.88
g/t Au Measured and 15,790,000 tonnes grading 2.79 g/t Au Indicated) with
an additional 338,000 oz of gold in the Inferred category (3,770,000 tonnes
grading 2.8 g/t Au).
The Salave deposit is a shear zone type deposit hosted in granodiorite.
Drilling to date totals 64,377m in 430 holes (235 diamond drill holes) and
previous metallurgical tests indicate gold recoveries in the order of 90%
are possible. Access to power, water, and roads is available on site. The
region boasts excellent infrastructure and industrial skilled labour due to
a long history of mining that will help support future mine development.
Astur Gold submitted an application for an underground mine permit to the
government of Asturias in September 2011 and is currently conducting an
Environmental Impact Study. The Company is building a partnership with the
people of Asturias to generate significant economic benefit for the region
and bring Salave into production as soon as possible.
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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149414 12.12.2011
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Datum: 12.12.2011 - 15:01 Uhr
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News-ID 95956
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