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Astral Mining Corporation

Publié le 12 juillet 2007

Drills 7.01 g/t Gold over 19 metres on Jumping Josephine Gold Project

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Mots clés associés :   Canada | G Mexico | Kootenay Gold |
Astral Mining Corporation
Astral Mining Corporation
News Releases
 Thursday, July 12, 2007
Astral Drills 7.01 g/t Gold over 19 metres on Jumping Josephine Gold Project

  Vancouver, BC - Astral Mining Corporation (TSX-V AST) and Kootenay Gold Inc. (TSX-V KTN) are pleased to provide results for the second batch of samples, from eleven holes of the 20 hole Phase I drill program completed on the JJ Main Gold Zone, on the Jumping Josephine (JJ) Gold Project in southeast British Columbia. The JJ Main Zone remains open to the south, north and to depth (see attached long section map).

Results from HQ diamond drill holes #3 through to #13, include 19m averaging 7.01 g/t gold (62.32 feet at 0.205 opt*) from hole 07JD013, which includes 5m averaging 16.42 g/t gold (16.40 feet at 0.479 opt*). Based on current information the JJ Main Gold Zone has an estimated true width of up to 12.6m (41.32 feet). Mapping and geochemistry to date suggest that the JJ Main structure may extend for over three kilometres. See Table 1 for detailed results.

Visible gold was observed in 07JD012 and 013 and both are located on the southernmost fence drilled in the Phase I program (see attached long section map). The table below contains a summary of significant intercepts from ten holes recently reported by the assay laboratory. Assays are pending for the remaining 7 drill holes and will be released when received by the Company.

Furthermore, the company reports drill holes #1 and 2 (see June 14, 2007 news release) were submitted for re-assay. Drill hole #1 has now been upgraded by 27% to 10m averaging 12.65 g/t gold. See Table 2 below for detailed results.

Technical Summary

At the JJ Main Gold Zone 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 zone is characterized by silicified and sericitized quartz monzonite hosting a distinct zone of multi-phase stockwork veining and breccia zones controlled by a northeast striking structure. Early mapping and geochemistry suggest that this structure may extend for over three kilometres. Interpretation of aeromagnetic images show the structure to be underlain by a feature thought to be a buried intrusive stock approximately 2km in diameter. Astral suspects this stock may be genetically related to the stockwork-hosted gold mineralization and is applying a porphyry target model to the project. A significantly expanded Phase II diamond drill program is being planned to test the stockwork zone along strike and at depth and to test for a potential underlying buried porphyry deposit.

Table 1: Significant Intervals from Holes 07JD003 to 07JD013 on JJ Main Gold Zone

HOLE
ID

UTM
E

UTM
N

DIP

AZIMUTH

FROM
(m)

TO
(m)

WIDTH
(m)

Au
(g/t)

WIDTH
(ft)

Au
(opt)*

07JD003

429814

5456753

-45

315

32

34

2

2.81**

6.56

0.082**

07JD004

429814

5456753

-65

315

24

29

5

2.04

16.40

0.060

07JD006

429831

5456798

-45

315

11

17

6

3.49

19.68

0.102

07JD007

429831

5456797

-65

315

18

21

3

10.41

9.84

0.304

(including)

 

 

 

 

18

19

1

16.91

3.28

0.494

07JD008

429839

5456840

-45

317

3

6

3

0.69

9.84

0.020

07JD009

429840

5456840

-70

317

6

8

2

0.92

6.56

0.027

07JD010

429847

5456786

-60

315

37

40

3

6.08

9.84

0.178

(including)

 

 

 

 

39

40

1

15.19

3.28

0.444

07JD011

429861

5456821

-60

315

35

37

2

1.43

6.56

0.042

07JD012

429757

5456728

-50

314

28

36

8

3.06

26.24

0.089

(including)

 

 

 

 

35

36

1

11.32

3.28

0.331

07JD013

429757

5456728

-70

314

46

65

19

7.01

62.32

0.205

(including)

 

 

 

 

48

53

5

16.42

16.40

0.479

(including)

 

 

 

 

56

60

4

7.53

13.12

0.220



Based on the results received to date, gold grades and interval widths generally increase towards the south as evidenced by hole 07JD013. To the north drill holes 07JD008 and 009 were collared in quartz stockwork, and lower grades in these holes may reflect an incomplete sample across the mineralized zone.

As stated previously (see June 14, 2007 news release), reject material from the first batch of samples reported on from the Phase I drilling program was submitted to a second laboratory, ALS Chemex in North Vancouver for metallic gold check assays. This work returned a general increase in gold values up to 40.8% (07JD002 between 10-12m). The original interval from 07JD001 of 10m averaging 9.95g/t gold has now been upgraded by 27.1% to 10m averaging 12.65g/t gold. The ALS samples utilized a 1kg sample size, 100% larger than the sample size from the original 500g metallic gold analysis completed by Acme.

Table 2: Metallic Gold Re-Assays from Holes 07JD001 and 07JD002 on JJ Main Zone

HOLE
ID

FROM
(m)

TO
(m)

WIDTH
(m)

WIDTH
(ft)

Original Au
(g/t)

Original
Au (opt)*

RE-ASSAY
Au (g/t)

RE-ASSAY
Au (opt)*

Change
(%)

07JD001

6

16

10

32.8

9.95

0.290

12.65

0.369

+27.10%

(including)

7

9

2

6.6

42.61

1.243

58.1

1.695

+36.34%

07JD002

10

19

9

29.5

1.34

0.039

1.40

0.041

+4.39%

(including)

10

12

2

6.6

2.52

0.074

3.55

0.104

+40.87%

(including)

17

19

2

6.6

2.40

0.070

1.68

0.049

-30.0%



With the recent completion of 643.3m in 2 holes at the Bonanza Pass target and 544.2m in 9 holes at the Albion-Dubrovnik targets in the southern part of the JJ property, the Phase I drilling program at on the JJ Projected has been completed. Surface trenching over several new prospects on the JJ Project is now underway and an expanded program of soil sampling and geological mapping will commence by the beginning of August. Ministry of Energy, Mines and Petroleum Resources permitting for the Phase II expanded drill program is complete and is planned to commence later in the summer once all results from the current phase of drilling have been received and compiled. Astral has a diamond drill rig booked for this work. To view all of the results from Astral's 2006 summer work programs visit www.astralmining.com.

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 or by 30gm Fire Assay (07JD003) by Acme Laboratories in Vancouver B.C. or 1kg samples analyzed by Metallic Gold method at ALS Chemex in North Vancouver B.C. Observation of gold concentrations in the coarse versus fine fractions from the original analyses prompted Astral to forward mineralized intercepts to ALS Chemex for confirmatory metallic screen analysis using the larger, 1kg sample size.

All analytical work reported herein was carried out by Acme Analytical Laboratories Ltd, Vancouver, or ALS Chemex, North Vancouver, both internationally-recognized analytical service providers. 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 A. Terry, P.Geo., Director and Vice President of Exploration for Astral Mining Corporation, and a Qualified Person as defined in National Instrument 43-101.

Astral is earning a 60% interest in the JJ Project from Kootenay (see April 12, 2006 news release).

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.


JJ Main Gold Zone Plan Map

JJ Main Gold Zone Longitudinal Section

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

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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