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Astral Mining Corporation

Publié le 22 juin 2010

Commences Summer Exploration Program on Jumping Josephine Gold Project

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Tuesday, June 22, 2010

 

Astral Commences Summer Exploration Program on Jumping Josephine Gold Project

 

Vancouver, BC - Astral Mining Corporation (TSX-V AA, AA.WT) ("Astral" or "the Company") is pleased to announce that it has commenced its 2010 summer exploration program on the Jumping Josephine Gold Project, located in southern British Columbia, 20km northwest of the Rossland Mining Camp where historically, 3,000,000 ounces of gold were produced. The program is designed to expand on Astral's previous work which delineated a mineralized zone over a strike length of 900m to a depth of 240m returning assays grading up to 12.44g/t gold over 8m (November 29th 2007 news release - estimated true width 5.5m). The summer program will consist of diamond drilling on six targets, 1600 metres of trenching, channel sampling and infill soil sampling on geophysical and geochemical anomalies.

The 2010 Jumping Josephine exploration work program will include;

  • The 2,500m diamond drill program, scheduled to commence in early July is designed to test several high priority targets including:
    • additional mineralized zones along the prolific JJ Main mineralized trend;
    • a mineralized stockwork 400m southeast of JJ Main that was discovered by Astral's 2008 drilling program; and
    • first-pass drilling at the Bonanza, Highway, Hillside and Big Sheep prospects.
  • Approximately 1.6km of backhoe trenching currently underway over six prospective gold showings, including Hillside, Highway and Big Sheep. Trenching and rock saw channel sampling is ongoing and the first sample shipment has been submitted for analysis.
  • Infill and extension soil sampling to extend or delineate anomalies identified during the 2009 surface geochemistry program is underway and approximately 1000 soil samples are planned on 50x50m or 100x100m spaced grids.

Additionally, Astral has received final data from a 2,941 line kilometre AeroTEM II aeromagnetic and EM survey conducted by Aeroquest International during the past winter. Data from the new survey has been integrated with that from two previously flown surveys to produce a single data set covering approximately 386km2. These images will provide an excellent tool for structural and geological interpretations that will help focus ongoing exploration work.

Work conducted since 2006 on the project has delineated a gold-bearing quartz stockwork zone 900m long to a depth of 240m with drill intercepts including 7.01 g/t Au over 19m, estimated true width 12.6m, from hole 07JD013 and 12.44 g/t Au over 8m, estimated true width 5.5m, from hole 08JD048 (see July 12th 2007 and Nov 29th 2007 news releases). The JJ Main Zone occurs along a regional-scale structure that extends for over 3km and the current exploration program will test for further mineralized zones along this trend in addition to assessing numerous other gold targets on the 400km2 property through surface geochemistry, trenching and diamond drilling

The Jumping Josephine Gold Project is owned 60% by Astral Mining and 40% Kootenay Gold Incorporated (TSX.V KTN). Astral has entered into an agreement whereby it can earn 100% of the project (see news release dated January 22, 2010).

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 Exploration Manager.

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 13

 


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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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