 | | | Published : June 14th, 2007 | Drills 9.95 g/t Gold over 10m on Jumping Josephine Gold Project |
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| | | Thursday, June 14, 2007
Astral Drills 9.95 g/t Gold over 10m on Jumping Josephine Gold Project
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Vancouver, BC - Astral Mining Corporation ("Astral" or the "Company") (TSX-V AST) and Kootenay Gold Inc. ("Kootenay") (TSX-V KTN) are pleased to provide results for the first 2 holes (of a 20 hole program) completed on the JJ Main Gold Zone from the ongoing Phase I Diamond drilling program on the Jumping Josephine (JJ) Gold Project in southeast British Columbia.
The first batch of results from HQ Diamond holes 07JD001 and 07JD002 include 10m averaging 9.95 g/t Au (32.8 feet at 0.29opt*) from 07JD001 (see attached map). Based on current information this zone has an estimated true width of 7.80m (25.58 feet). Assays are pending for the remaining 18 drill holes and will be released in batches as assays are received by the Company.
At the JJ Main Gold Zone (which remains open at depth and along strike) 1,461m in 20 holes have been completed along 5 fences, testing the gold-bearing quartz stockwork zone over a strike length of 180m and to a vertical depth of 100m. Surface trenching on the stockwork zone during 2006 by Astral returned channel sample intervals of up to 31.19 g/t gold over 7m, including 133.91 g/t gold over 1m (see Astral's December 14th 2006 news release).
The table below contains a summary of the results from the first two holes.
| HOLEID |
UTM E |
UTM N |
DIP |
UTM AZIMUTH |
FROM (m) |
TO (m) |
WIDTH (m) |
Au (g/t) |
WIDTH (ft) |
Au (opt)* |
| 07JD001 |
429793 |
5456774.5 |
-45 |
315.0 |
6 |
16 |
10 |
9.95 |
32.8 |
0.290 |
| (including) |
|
|
|
|
7 |
9 |
2 |
42.61 |
6.6 |
1.243 |
| 07JD002 |
429793.4 |
5456774.3 |
-65 |
315.0 |
10 |
19 |
9 |
1.34 |
29.5 |
0.039 |
| (including) |
|
|
|
|
10 |
12 |
2 |
2.52 |
6.6 |
0.074 |
| (including) |
|
|
|
|
17 |
19 |
2 |
2.40 |
6.6 |
0.070 |
*troy ounce per short ton
Astral is earning a 60% interest in the JJ Project from Kootenay (see April 12, 2006 news release).
All drill core samples comprised 1m intervals of HQ drill core halved by Diamond core saw. All analytical results reported herein are from 500g samples analyzed using the Metallic Gold method by Acme Laboratories in Vancouver B.C. Observation of gold concentrations in the coarse versus fine fractions from these analyses has prompted Astral to forward mineralized intercepts to a second independent laboratory for confirmatory metallic screen analysis using a larger, 1kg sample size. Core logging, cutting and sampling of drill core is proceeding and all quartz stockwork zones encountered in JJ Main holes have now been submitted for analysis. Results will be released in batches as they are received. Drilling is continuing on the Bonanza Pass target on the southern portion of the JJ Property.
Drill Hole Summary
Hole 07JD001 collared approximately 7m southeast of the surface expression of the stockwork zone delineated in last year's trenching (Figure 1) and was oriented towards 315º azimuth at a dip of -45º below Trench 2a which averaged 31.19 g/t gold over 7m (December 14, 2006 News Release). The hole encountered sericitized quartz monzonite, strongly silicified between 7.0m and 16.62. This zone is characterized by cross cutting and sheeted quartz veins up to 15cm wide with arsenopyrite, pyrite, sphalerite and galena mineralization. Visible gold was observed in one discrete 15cm vein within the stockwork zone.
Hole 07JD002 was drilled from the same pad towards the same azimuth at a dip of -65º. Similar lithologies were encountered and the silicified stockwork zone was observed between 10.4m and 19.1m. Quartz veins within the zone were similarly mineralized with pyrite, sphalerite, arsenopyrite and lesser galena.
The drill has now been moved to the Bonanza Pass target on the southern part of the JJ property where the second of 2 planned holes is underway, testing gold soil anomalies along strike from high-grade quartz veins. Subsequently 4-5 holes are planned for the Albion target in the central portion of the property. A program of trenching, soil sampling and geological mapping will commence once the Phase I drill program is completed. A Phase II expanded drill program is planned for later in the summer once all results from the current phase of drilling are received and analyzed. Permitting for the Phase II program is underway. To view all of the results to date from Astral's 2006 summer work programs visit www.astralmining.com.
All analytical work reported herein was carried out by Acme Analytical Laboratories Ltd, Vancouver, an internationally-recognized analytical service provider. In addition to laboratory standards Astral has included independently prepared standards into the sample sequence to assure proper quality assurance/quality control (QA/QC). Exploration work reported in this release was completed under the supervision of Astral's Project Geologist Dale Brittliffe B.Sc.. Technical information contained in this release has been reviewed by Dr. David Terry, P.Geo., Director and Vice President of Exploration for Astral Mining Corporation, a Qualified Person as defined in National Instrument 43-101.
Astral Mining Corporation, a member of the Grosso Group, is a Canadian-based 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 currently being drilled for the first time, 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.
Kootenay is an emerging exploration Company actively developing a suite of premier gold and silver projects in British Columbia, Canada and Mexico. The Company's top priority remains the ongoing aggressive development of its rich Promontorio Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico. Supported by an experienced and accomplished technical team, over the past four years Kootenay has substantially grown its mineral asset base through key acquisitions, while successfully achieving four new mineral discoveries in the Rossland Republic Gold Trend of British Columbia. Further information can be found at: www.kootenaygold.ca
| ON BEHALF OF THE BOARD "Manfred Kurschner"
Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation |  | ON BEHALF OF THE BOARD "James M. McDonald"
Mr. James M. McDonald, CEO
Kootenay Gold Inc. |
For further information on Astral please contact Manfred Kurschner, President & CEO, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@astralmining.com, or visit the Company's web site at http://www.astralmining.com.
For further information on Kootenay Gold, James McDonald, CEO at 403- 238-6986 or Ken Berry, President at 604-683-2214; 1-888-268-8688; www.kootenaygold.ca
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. 2007 Number 18
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