Astral Completes First-Pass Drilling in Mexico, Commences Airborne Survey in British Columbia
27 Octubre 2011 - 8:00AM
Marketwired
Astral Mining Corporation (TSX VENTURE:AA)(TSX VENTURE:AA.WT)(PINK
SHEETS:AAMJF)(FRANKFURT:A7DA) ("Astral" or "the Company") is
pleased to simultaneously announce completion of a 2,617m diamond
drilling program at the Los Crestones Gold-Silver project, Mexico
and the initiation of a 1,334 line-kilometre Helicopter-Borne
Electromagnetic and Magnetic survey over the Barriere Ridge and
Honeymoon Projects north of Kamloops, British Columbia.
Mexico
The diamond drill program at Los Crestones comprised 2617m in 18
holes. Drilling targeted low-medium sulphidation epithermal style
mineralization in three parallel vein/breccia zones and utilized a
low-impact, portable diamond drill rig. The program produced HQ
sized core, reduced to NTW size at around 100m downhole depth, and
represents first ever drilling at Los Crestones. The work was
designed to test subsurface extent of veins and silicified breccias
known to host gold and silver mineralization (see August 9, 2011
News Release). Prospecting and surface reconnaissance continues on
the property. Completion of logging and sampling by Astral
geologists is expected in the next two weeks.
Three mineralized structural zones; Corona, Bohemia and Indio
are sub-parallel features trending north-south and have been mapped
on surface between 680m and 930m in length. The zones consist of
silicified breccias and quartz stockwork veining within a highly
brecciated zone comprising a small proportion of remnant andesitic
rocks heavily intruded by monzonite, granodiorite and granitic
rocks. The Bohemia and Indio structures are highly silicified and
form the conspicuous, erosion resistant ridges which give the
property its name.
To date Astral has delivered five batches of samples to ALS
Chemex's preparation facility in Hermosillo, Sonora and the first
batch of analyses is expected to be reported within two-four weeks.
The company has implemented a standard quality assurance/quality
control program which includes blank material, certified reference
material and duplicate samples.
British Columbia
The Company has contracted Fugro Airborne Surveys to conduct a
Helicopter-Borne Electromagnetic and Magnetic survey over the
Barriere Ridge and Honeymoon Project areas. The two projects are
located 5km apart in the Barriere Lakes-Adams Lake area
approximately 80mk north of Kamloops, British Columbia. Both
properties are prospective for polymetallic vein and VMS style
copper-gold-silver and zinc mineralization. The Honeymoon property
has additional potential for intrusive related gold style
mineralization related to the nearby Baldy Batholith.
Astral has completed preliminary reconnaissance work on the two
properties; airborne surveys will provide additional insight
towards the planning of a focused exploration effort in
spring/summer of 2012. The company will fly a total of 433 line
kilometers, covering 7,850 hectares, at Barriere Ridge and 901 line
kilometers, covering 16,370 hectares, at Honeymoon. Collection of
data is scheduled to commence this week.
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.
Astral Mining Corporation is a Canadian company engaged in the
exploration and development of precious metal properties in North
America. 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 and 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
www.astralmining.com.
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 18
Shares outstanding - 23,439,400
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 604-641-1315info@astralmining.comwww.astralmining.com
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