Astral Mining Corporation

Published : March 16th, 2010

Completes Infill Aeromagnetic Survey at Jumping Josephine and Prepares for 2010 Exploration Season

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Tuesday, March 16, 2010

 

Astral Completes Infill Aeromagnetic Survey at Jumping Josephine and Prepares for 2010 Exploration Season

 

Vancouver, BC - Astral Mining Corporation (TSX-V AA, AA.WT) ("Astral" or "the Company") is pleased to provide an exploration update in preparation for the upcoming 2010 field season. Applications have now been submitted for an aggressive exploration campaign at Jumping Josephine including; step-out diamond drilling at the JJ Main trend and other advanced showings, trenching over many showings on the property and a 10,000t bulk sample permit for extraction of a metallurgical parcel from the core JJ Main showing. Recently completed work includes data collection for an infill AeroTEM geophysical survey covering the greater Jumping Josephine property (details below) and preliminary metallurgical testwork (see Feb 2nd 2010 news release). An updated independent 43-101 compliant technical report on the Jumping Josephine property is underway and due for completion this month.

Airborne Geophysics

Aeroquest International of Mississauga, Ontario has completed a 2,750 line kilometer helicopter-borne AeroTEM survey designed to extend upon and merge with existing coverage totaling 14,070 hectares (Ha) over Jumping Josephine (12,700 Ha) and the newly acquired CP-Midas claim block (2,070 Ha). This work consolidates the existing surveys and brings the total area covered by airborne geophysics at Jumping Josephine to approximately 39,200 Ha.

Jumping Josephine is host to the JJ Main discovery zone, a structurally controlled gold bearing quartz stockwork system thought to be related to an intrusive body not visible at surface. The newly combined geophysical data will expand Astral's property-wide view of underlying structure and lithological contacts. This expanded view will assist in tracing known mineralization and also help to identify new structurally favourable areas for gold emplacement. Collection of data is now complete and processing is underway. Results of this survey will be released when available.

Astral has earned a 60% interest in the JJ Project from Kootenay Gold Inc. and has an option to earn the remaining 40% and take ownership of the CP-Midas claims located north of the original JJ claims (see December 16th 2009 news release). Astral has received conditional approval from the TSX-V for the option to acquire the balance of the 40 % interest. Final approval is conditional upon updating the company's NI 43-101 on the property and completing a financing of sufficient size to allow the company to meet the first year work obligations as outlined in the option agreement. The Company is making progress on addressing the conditions precedent from the TSX-V.

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.

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

"Manfred Kurschner"


Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation


For further information on Astral please contact Manfred Kurschner, President & CEO, at 604-641-1315, or by email
info@astralmining.com, or visit the Company's web site at http://www.astralmining.com.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. 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.

2010 Number 04

 


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Astral Mining Corporation

EXPLORATION STAGE
CODE : AA.V
ISIN : CA0463494033
CUSIP : 046349 40 3
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Astral Mining is a silver and gold exploration company based in Canada.

Astral Mining holds various exploration projects in Canada and in Mexico.

Its main exploration properties are JUMPING JOSEPHINE, HONEYMOON BC and BARRIERE RIDGE in Canada and LOS CRESTONES PROPERTY in Mexico.

Astral Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 769 500 as of today (US$ 584 949, € 523 939).

Its stock quote reached its highest recent level on July 13, 2007 at CA$ 8.70, and its lowest recent point on September 21, 2015 at CA$ 0.02.

Astral Mining has 25 650 000 shares outstanding.

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Annual reports of Astral Mining Corporation
2008 Annual report
Annual Report 2007
Financings of Astral Mining Corporation
11/14/2007 Private Placement Oversubscribed
3/21/2007Private Placement Of Flow-Through Units With The Mineralfiel...
Project news of Astral Mining Corporation
9/7/2011Drilling Started on Los Crestones in Mexico
5/11/2011(Jumping Josephine)Announces Initial Resource Estimate at Jumping Josephine
3/25/2011(Los Crestones Property)Commences Exploration Program at Los Crestones Gold-Silver P...
3/8/2011(Barriere Ridge)Signs Option on Barriere Ridge Silver-Gold Project, Southern...
6/22/2010(Jumping Josephine)Commences Summer Exploration Program on Jumping Josephine Go...
5/3/2010(Jumping Josephine)Files Independent 43-101, Begins 2010 Field Program
3/16/2010(Jumping Josephine)Completes Infill Aeromagnetic Survey at Jumping Josephine an...
2/2/2010(Jumping Josephine)Announces Encouraging Metallurgical Testwork on Drill Sample...
12/17/2009(Jumping Josephine)To Acquire 100% Interest In Jumping Josephine Kootenay To Re...
10/29/2009(Jumping Josephine)Prepares Bulk Sample Permit Application for Jumping Josephin...
11/18/2008(Jumping Josephine)and Kootenay Intersect new Stockwork Zone and Extend Main Di...
6/4/2008(Bear Creek)Gold Summit Reports Drill Assay Results From Carolinas
11/14/2007(Jumping Josephine (jj))Announces First Results from Phase II Drilling on the Jumpin...
9/11/2007(Jumping Josephine (jj))Final Drill Results of Phase I at its JJ Gold Discovery & An...
7/12/2007(Jumping Josephine (jj))Drills 7.01 g/t Gold over 19 metres on Jumping Josephine Gol...
7/10/2007Intersects 1.98 m of 17.8 g/t Gold at Saluda Gold Project, S...
6/14/2007(Jumping Josephine (jj))Drills 9.95 g/t Gold over 10m on Jumping Josephine Gold Proj...
6/6/2007(Jumping Josephine (jj))Update on Astral's Jumping Josephine Gold Project Drilling P...
6/5/2007(Jumping Josephine (jj)) Options Property Adjacent to Jumping Josephine Gold Project
5/24/2007Announces High-Grade Gold Assay, Saluda, South Carolina
3/20/2007(Jumping Josephine (jj))To Drill The Jumping Josephine; Sets 2007 Exploration Budget
Corporate news of Astral Mining Corporation
2/5/2013Orex and Astral Announce Final Court Order Approving Arrange...
2/1/2013Orex and Astral Announce Results of Annual General and Speci...
1/21/2013Announces Annual General and Special Meeting
12/10/2012Orex and Astral Announce Signing of Arrangement Agreement
12/10/2012Orex and Astral Announce Signing of Arrangement Agreement
10/15/2012Orex and Astral Announce Merger by Way of Plan of Arrangemen...
12/12/2011PRESS RELEASE - New Astral Results in Mexico
12/12/2011re=3A New Astral Mining results from Mexico
7/7/2011Gitennes Reports Strong Set of Urumalqui Assay Results
5/24/2011Gitennes Reports More Results from Urumalqui Project - Peru
5/6/2008and Kootenay Form JV and Announce 2008 Exploration Program f...
4/9/2008to raise $1,800,000 CDN
2/6/2008 Starts Drilling on the Bear Creek Gold Prospect, North Caro...
11/5/2007Closes $1,021,000 Financing
9/28/2007to Raise Total of $1.25 Million Financing.
9/27/2007Mineralfields Group Invests Another $500,000 In Astral Minin...
9/25/2007Increases Offering to $750,000
9/21/2007To Raise $500,000
9/11/2007Announces Commencement of Phase II Drilling at the Jumping J...
4/30/2007Commences Airborne Geophysical Survey on Chenier Copper-Gold...
4/27/2007Raises $1,250,000.00
4/5/2007Closes Financing with MineralFields Group
3/15/2007JV with Gold Summit
2/22/2007Acquires Additional Gold Properties In Nevada
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