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Astral Announces Initial Resource Estimate at Jumping Josephine
Published : May 11, 2011
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Mots clés associés :   G Mexico | Kootenay Gold |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2011) - Astral Mining Corporation (News - Market indicators)(TSX VENTURE:AA.WT)(PINK SHEETS:AAMJF)(FRANKFURT:A7DA) ("Astral" or "the Company") and joint venture partners Kootenay Gold Inc. (TSX VENTURE:KTN) (JV 60% Astral, 40% Kootenay) are pleased to announce completion of an initial resource estimate for the JJ Main discovery zone at the Jumping Josephine Gold Project, Southern British Columbia. 

Apex Geoscience Ltd of Edmonton, Alberta performed the resource estimate calculation to determine the size of the gold resource at the JJ Main Discovery Zone that could be potentially extracted. The estimate comprises Indicated mineral resources of 363,000 tonnes averaging 2.95 g/t gold containing 34,000 oz Au and Inferred mineral resources of 448,000 tonnes averaging 2.08 g/t gold containing 30,000 oz Au, presented in the table below. 

Classification Tonnage
(tonnes
) Grade
(g/t
) Gold Content
(oz.
)
Measured -   -   -  
Indicated 363,000   2.95   34,000  
Total Measured + Indicated 363,000   2.95   34,000  
Inferred 448,000   2.08   30,000  

Astral is pleased with the results of the initial resource calculation and is currently planning further work to advance the project during 2011.

Mike Dufresne (P.Geol), Andrew Turner (P. Geol) and Steve Nicholls (M AIG) of APEX Geoscience are the Independent Qualified Persons, as defined by NI 43-101, responsible for the mineral resource estimate. The current resource estimate is the first to be completed for the JJ deposit, which with drilling and trenching may now be considered to be an advanced exploration project. The resource is classified as an Indicated and Inferred mineral resource, consistent with the CIM definitions referred to in NI 43-101. The effective date of the mineral resource is March 24th, 2011. The mineral resource estimate is derived from a total of 71 diamond drill holes, the average spacing of which is 20 to 40 metres within the area of interest. A total of 564 composites of 1m length, capped at 30.0g/t Au were used for the estimation. The mineral resource was estimated by inverse distance squared within a 3 dimensional mineralization envelope, defined by similar geological characteristics in terms of alteration and mineralogy, using a 0.5g/t Au cut-off grade. A search ellipsoid of 30m x 30m x 4m orientated along strike (350°) was utilized for grade interpolation into 20m x 2m x 10m blocks. Block grades estimated from samples with an average distance of 15 to 40m away were classified as indicated, and with an average distance of 20 to 80m away were classified as inferred. A nominal density of 2.65g/cm3 has been applied to all blocks. The technical report on the Jumping Josephine Property in southern British Columbia will be filed within 45 days of this release.

The JJ Main prospect comprises a structurally controlled gold-bearing quartz stockwork vein system. To date, mineralization has been modeled along a strike length of some 400m and to a depth of 250m from surface. The zone averages 4-5m in width and the structure hosting mineralization remains open at depth.

Preliminary metallurgical testwork on 100kg of sample from the JJ Main resource area was completed by G&T Metallurgical Services Ltd of Kamloops, British Columbia in 2009 (see February 2010 news release). This work included first-pass flotation, gravity concentration and cyanide leach tests on low, medium and high grade material. Flotation tests averaged 98% gold recovery, combined gravity and leach tests averaged 94% gold recovery and whole ore leach tests averaged 86% gold recovery with the medium and high grade leach composites averaging 97% recovery. The metallurgical report can be viewed on Astral's website by following the link: http://www.astralmining.com/i/pdf/Met_Report_KM2397.pdf.

The resource estimate reported in this press release was made by Mike Dufresne (P.Geol), Andrew Turner (P. Geol) and Steve Nicholls (M AIG) of APEX Geoscience, all qualified people as defined by National Instrument 43-101. Mr. Turner has reviewed and verified the contents of this release. Consultants for Apex Geoscience are independent advisers to the company. An NI 43-101-compliant technical report will be filed with SEDAR within 45 days of this press release.

Astral Mining Corporation is a Canadian company engaged in the exploration and development of precious metal properties in the Americas. 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, the promising early stage Los Crestones gold-silver project in Sinaloa state, Mexico, 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

For further information on Astral please visit the Company's web site at http://www.astralmining.com.

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 09

Shares outstanding – 21,685,400

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

Astral Mining Corporation
Manfred Kurschner
President & CEO
604-641-1315
info@astralmining.com
www.astralmining.com

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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Rapports annuels de Astral Mining Corporation
2008 Annual report
Annual Report 2007
Financements de Astral Mining Corporation
14/11/2007 Private Placement Oversubscribed
21/03/2007Private Placement Of Flow-Through Units With The Mineralfiel...
Projets de Astral Mining Corporation
07/09/2011Drilling Started on Los Crestones in Mexico
11/05/2011(Jumping Josephine)Announces Initial Resource Estimate at Jumping Josephine
25/03/2011(Los Crestones Property)Commences Exploration Program at Los Crestones Gold-Silver P...
08/03/2011(Barriere Ridge)Signs Option on Barriere Ridge Silver-Gold Project, Southern...
22/06/2010(Jumping Josephine)Commences Summer Exploration Program on Jumping Josephine Go...
03/05/2010(Jumping Josephine)Files Independent 43-101, Begins 2010 Field Program
16/03/2010(Jumping Josephine)Completes Infill Aeromagnetic Survey at Jumping Josephine an...
02/02/2010(Jumping Josephine)Announces Encouraging Metallurgical Testwork on Drill Sample...
17/12/2009(Jumping Josephine)To Acquire 100% Interest In Jumping Josephine Kootenay To Re...
29/10/2009(Jumping Josephine)Prepares Bulk Sample Permit Application for Jumping Josephin...
18/11/2008(Jumping Josephine)and Kootenay Intersect new Stockwork Zone and Extend Main Di...
04/06/2008(Bear Creek)Gold Summit Reports Drill Assay Results From Carolinas
14/11/2007(Jumping Josephine (jj))Announces First Results from Phase II Drilling on the Jumpin...
11/09/2007(Jumping Josephine (jj))Final Drill Results of Phase I at its JJ Gold Discovery & An...
12/07/2007(Jumping Josephine (jj))Drills 7.01 g/t Gold over 19 metres on Jumping Josephine Gol...
10/07/2007Intersects 1.98 m of 17.8 g/t Gold at Saluda Gold Project, S...
14/06/2007(Jumping Josephine (jj))Drills 9.95 g/t Gold over 10m on Jumping Josephine Gold Proj...
06/06/2007(Jumping Josephine (jj))Update on Astral's Jumping Josephine Gold Project Drilling P...
05/06/2007(Jumping Josephine (jj)) Options Property Adjacent to Jumping Josephine Gold Project
24/05/2007Announces High-Grade Gold Assay, Saluda, South Carolina
20/03/2007(Jumping Josephine (jj))To Drill The Jumping Josephine; Sets 2007 Exploration Budget
Communiqués de Presse de Astral Mining Corporation
05/02/2013Orex and Astral Announce Final Court Order Approving Arrange...
01/02/2013Orex and Astral Announce Results of Annual General and Speci...
21/01/2013Announces Annual General and Special Meeting
10/12/2012Orex and Astral Announce Signing of Arrangement Agreement
10/12/2012Orex and Astral Announce Signing of Arrangement Agreement
15/10/2012Orex 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
07/07/2011Gitennes Reports Strong Set of Urumalqui Assay Results
24/05/2011Gitennes Reports More Results from Urumalqui Project - Peru
06/05/2008and Kootenay Form JV and Announce 2008 Exploration Program f...
09/04/2008to raise $1,800,000 CDN
06/02/2008 Starts Drilling on the Bear Creek Gold Prospect, North Caro...
05/11/2007Closes $1,021,000 Financing
28/09/2007to Raise Total of $1.25 Million Financing.
27/09/2007Mineralfields Group Invests Another $500,000 In Astral Minin...
25/09/2007Increases Offering to $750,000
21/09/2007To Raise $500,000
11/09/2007Announces Commencement of Phase II Drilling at the Jumping J...
30/04/2007Commences Airborne Geophysical Survey on Chenier Copper-Gold...
27/04/2007Raises $1,250,000.00
05/04/2007Closes Financing with MineralFields Group
15/03/2007JV with Gold Summit
22/02/2007Acquires Additional Gold Properties In Nevada
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