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Astral Mining Corporation

Publié le 18 novembre 2008

and Kootenay Intersect new Stockwork Zone and Extend Main Discovery Zone to 900m at Jumping Josephin

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News Release

Tuesday, November 18, 2008

Astral and Kootenay Intersect new Stockwork Zone and Extend Main Discovery Zone to 900m at Jumping Josephine

Vancouver, BC - Astral Mining Corporation (TSX-V AST) ("Astral" or "the Company") and joint venture partners Kootenay Gold Inc. (TSX-V KTN) are pleased to announce the final results from a 34 hole, 5071.81m HQ diamond drilling program at the Jumping Josephine Gold Project in south-eastern British Columbia. Significant outcomes of this program include;

  • Extension of the JJ Main Discovery Zone 180m south along strike from previous drilling. The zone has been intersected over 900m horizontal extent and to a maximum vertical depth of 240m.
  • Discovery of a second stockwork zone 400m southeast of the JJ Main zone, indicating the potential for parallel, structurally-controlled mineralization.
  • Results up to 4m @ 21.04 g/t gold from infill drilling at the discovery zone, supporting previous work.


In addition, Astral's surface exploration has returned grades up to 5.0 g/t gold from rock samples along the JJ Main trend some 1.5km from the nearest drilling. Based on drilling to date, the zone is open to depth and along strike. Surface evidence suggests the mineralized zone could exceed 2.5km in length.

The drill program was designed to test three aspects of the JJ Main Discovery Zone and comprised infill drilling to better define width and grade distribution within the known mineralized stockwork zone, drill-testing of two selected 3D-IP chargeability anomalies and extension drilling on the JJ Main structure along strike. A plan view of the drilling at JJ main may be seen at
http://www.astralmining.com/s/JumpingJosephineMaps.asp an updated long section of mineralization may also be viewed at http://www.astralmining.com/s/JumpingJosephineMaps.asp.

Infill drilling comprised 30 HQ diamond drill holes (08JD070-100, 08JD091 abandoned) for a total of 3632.49m; all holes intersected quartz stockwork veining within and below the known JJ Main stockwork zone. The 2008 drilling provides better definition to the mineralized zone delineated in 2007 with significant assays including 4m grading 21.04 g/t gold from hole 08JD092. Drilled intercept density within the higher-grade mineralized shoot underneath the surface discovery zone is now approximately 20m x 20m.

Table 1: Infill Drilling -- Significant Results

Hole ID

UTME?

UTMN?

Dip

Azimuth

From

To

Interval
(m)

Au g/t*
(wt avg)

Interval
(ft)

Au opt**

08JD075

429786

5456767

-70

316

16.0

31.3

15.3

0.71

50.1

0.021

08JD076

429801

5456752

-45

315

30.5

37.3

6.8

0.84

22.1

0.025

08JD077

429801

5456752

-90

315

37.5

54.5

17.0

1.50

55.8

0.044

(incl)

 

 

 

 

49.5

50.5

1.0

15.90

3.3

0.464

08JD078

429785

5456728

-45

315

40.0

49.0

9.0

3.94

29.5

0.115

(incl)

 

 

 

 

41.0

42.0

1.0

13.75

3.3

0.402

08JD079

429785

5456728

-65

315

54.0

71.0

17.0

1.25

55.8

0.037

(incl)

 

 

 

 

64.0

67.0

3.0

2.58

9.8

0.075

08JD080

429785

5456728

-80

315

102.0

103.0

1.0

1.31

3.3

0.038

08JD081

429728

5456672

-45

315

30.0

37.0

7.0

2.43

22.9

0.071

08JD082

429728

5456672

-60

319

44.5

48.0

3.5

11.24

11.5

0.328

08JD083

429728

5456672

-75

315

51.0

59.0

8.0

1.71

26.2

0.050

(and)

 

 

 

 

67.0

68.0

1.0

2.48

3.3

0.072

08JD084

429768

5456689

-50

315

61.0

65.0

4.0

1.60

13.1

0.047

08JD085

429768

5456689

-65

315

74.0

84.0

10.0

1.01

32.8

0.029

08JD086

429788

5456668

-60

320

104.0

119.0

15.0

1.24

49.20

0.036

08JD087

429788

5456668

-75

322

144.0

147.0

3.0

1

9.84

0.029

08JD088

429767

5456633

-55

316

127.0

129.0

2.0

3.42

6.56

0.100

08JD089

429767

5456633

-70

313

140.0

141.0

1.0

6.77

3.28

0.198

08JD090

429767

5456633

-78

315

164.0

172.0

8.0

1.84

26.24

0.054

(and)

 

 

 

 

180.0

183.0

3.0

3.34

9.84

0.098

08JD092

429844

5456675

-50

318

118.0

122.0

4.0

21.04

13.12

0.614

(incl)

 

 

 

 

119.0

120.0

1.0

50.2

3.28

1.466

08JD093

429844

5456675

-50

318

122.1

124.0

1.9

1.10

6.23

0.032

08JD094

429844

5456675

-60

318

167.0

169.0

2.0

2.96

6.56

0.086

08JD095

429718

5456626

-70

315

61.0

65.0

4.0

4.08

13.12

0.119

08JD096

429718

5456626

-45

315

74.0

80.0

6.0

8.73

19.68

0.255

08JD097

429718

5456626

-75

312

98.5

102.0

3.5

3.30

11.48

0.096

(and)

 

 

 

 

110.0

112.0

2.0

1.70

6.56

0.050

09JD098

429701

5456642

-45

315

37.0

38.0

1.0

0.22

3.28

0.006

08JD099

429757

5456556

-65

315

170.0

188.0

18.0

1.14

59.04

0.033

(incl)

 

 

 

 

172.0

176.0

4.0

2.46

13.12

0.072

08JD100

429757

5456556

-75

314

227.0

228.0

1.0

5.72

3.28

0.167

(and)

 

 

 

 

232.0

236.0***

4.0

1.17

13.12

0.034


* grams per metric tonne
** troy ounce per short ton
*** 1.05m core loss within interval
- NAD 83 UTM Zone 11 -- collars spotted with compass and chain from known collar locations



Two drillholes (08JD101 and 102) totalling 893.59m were completed to test two selected 3D-Induced Polarization chargeability anomalies beneath and adjacent to known mineralization. 08JD101 (453.35m) targeted a columnar-shaped chargeability anomaly extending upwards from a deeper and larger anomaly centred beneath the location of the JJ Main showing. This hole encountered felsic intrusive country rocks showing variable propylitic and potassic alteration often accompanied by fine disseminated pyrite � rare sphalerite and weak to moderate silicification. Gold values were generally low, though one significant intercept was returned from 08JD101 where the hole passed through the JJ Main stockwork zone (see Table 2).

08JD102 (440.24m) collared some 400m southeast (perpendicular to strike) from the JJ Main Zone and targeted a columnar chargeability anomaly extending to near surface. This hole encountered a 2.5m wide zone of stockwork veining from 162m averaging 0.36 g/t gold, containing arsenopyrite and pyrite, visually similar to the JJ Main Zone, suggesting the existence of a new previously-undiscovered stockwork zone. Given the variability of grade along strike and down plunge at the JJ Main Zone, this discovery is considered to be very significant and lends support to Astral's model that predicts the presence of additional structurally-controlled, parallel stockwork zones within the immediate 2km x 3km area surrounding the JJ Main Discovery Zone. Significant intercepts are presented below.

Table 2: I.P. Anomaly drilling -- Significant Results

Hole ID

UTME?

UTMN?

DIP

Azimuth

From

To

Interval
(m)

Au g/t
(wt. avg)

Interval
(ft)

Au opt

08JD101

430042

5456980

-60

260

163.7

165.5

1.8

0.84

5.9

0.025

08JD102

429845

5456140

-75

180

162.0

164.5

2.5

0.36

8.2

0.011


Two drillholes (08JD103 and 104) totalling 545.73m were completed to test the southward extension of the JJ Main structure. 08JD103 (116.77m) sought to test for possible flexure in the mineralized structure while 08JD104 (428.96m) tested the main zone 180m south, and directly along strike from, previous drilling. 08JD103 did not detect a south-trending flexure. 08JD104 intersected a 12.4m wide quartz stockwork zone from 263m containing minor pyrite and chalcopyrite � arsenopyrite. This zone is visually similar to the quartz stockwork that comprises the JJ Main Zone and effectively increases known occurrence of veining along the structural corridor to 900m.

Table 3: Extension Drilling -- Significant Results

Hole ID

UTME?

UTMN?

DIP

Azimuth

From

To

Interval
(m)

Au g/t
(wt avg)

Interval
(ft)

Au opt

08JD103

429700

5456407

-45

315

 

no

significant

intercepts

 

 

08JD104

429555

5456262

-65

305

264.0

275.0

11.0

0.32

36.1

0.009



In addition to diamond drilling, Astral has maintained ongoing surface sampling, geological mapping and trenching. Fieldwork has now finished for 2008 and will recommence in spring 2009. Encouraging rock chip results along strike from the JJ Main discovery zone late in the season prompted Astral to submit application for trenching at this site. The permit was not received before the cessation of operations and as such will be undertaken early in spring 2009.

A series of applications for work at Jumping Josephine will be prepared over the winter period and will include an expanded drill program designed to further test JJ Main and for parallel zones, an expanded trenching operation over several prospective showings, and preparations for an application for bulk testing at the JJ Main Discovery Zone. The extraction of a 10,000 tonne bulk sample will provide a reconciled head grade for JJ Main Zone, useful in determining the effectiveness of assay methods where coarse gold is present. Astral is also planning metallurgical testwork on samples from JJ Main over the winter to assess the amenability of the material to modern processing methods.

All drill core samples reported above were from HQ diameter core halved by diamond saw. Given the occurrence of visible gold often observed in the mineralized zone, a large 1,000g portion of each pulverized sample was analyzed for gold by the Screen Fire assay method. All reported analyses were carried out by ALS Chemex in North Vancouver B.C. ALS-Chemex is an internationally-recognized analytical service provider compliant with ISO 9001:2000 for the provision of assay and geochemical services. The Vancouver laboratory has also been accredited to ISO 17025 standards for specific laboratory procedures by the Standards Council of Canada. 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, P.Geo. Technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Director of Astral Mining Corporation, and a Qualified Person as defined in National Instrument 43-101.

Astral has earned a 60% interest in the JJ Project from Kootenay (see May, 2008 news release).

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

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 604-641-1315, , 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 604-601-5655; 1-888-601-5650; 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.

2008 Number 12

Astral Mining Corporation

EXPLORATEUR
CODE : AA.V
ISIN : CA0463494033
CUSIP : 046349 40 3
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Astral Mining est une société d’exploration minière d'argent et d'or basée au Canada.

Astral Mining détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont JUMPING JOSEPHINE, HONEYMOON BC et BARRIERE RIDGE au Canada et LOS CRESTONES PROPERTY au Mexique.

Astral Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 769 500 CA$ (584 949 US$, 523 939 €).

La valeur de son action a atteint son plus haut niveau récent le 13 juillet 2007 à 8,70 CA$, et son plus bas niveau récent le 21 septembre 2015 à 0,02 CA$.

Astral Mining possède 25 650 000 actions en circulation.

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