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Astral Mining Corporation

Publié le 10 juillet 2007

Intersects 1.98 m of 17.8 g/t Gold at Saluda Gold Project, South Carolina

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Astral Mining Corporation
Astral Mining Corporation
News Releases
 Tuesday, July 10, 2007
Astral Intersects 1.98 m of 17.8 g/t Gold at Saluda Gold Project, South Carolina

 
News Release 2007 Number 19

Vancouver, BC - Astral Mining Corporation ("Astral" or the "Company") (TSX-V AST) and JV Partner Gold Summit Corporation (TSX-V GSM) are pleased to report further assay results from quartz veins intersected in core drilling on the Rinehart Property of the Saluda Gold Project, Saluda County, South Carolina. A total of 525m in 6 holes have been completed along a 135m long segment of a northwest-trending shear zone containing several sub-parallel gold-bearing quartz veins dipping southwest at approximately 45°. The property has potential to host both high-grade lode and bulk-tonnage type gold deposits.

The Main Vein, first identified and sampled in a prospect pit (3.4 to 144 g/t gold), has been intersected by Hole S1 (14.4 g/t Au over 2.16m and 7.8 g/t Au over 1.95m in duplicate intersections) 55m to the northwest (reported May 24, 2007 News Release) and now in vertical hole S4 which intersected 1.98m (drilled interval) assaying 17.8 g/t Au, 75m northwest of the Prospect Pit (see Map 1).

Where intersected, the Main Vein has an interpreted true width of 1.3m; it strikes to the northwest and dips at approximately 45° to the southwest. While the Main Vein does not appear to extend to the southeast, potential exists for extensions to the Main Vein down-dip and along strike to the northwest. Significant potential for parallel mineralized veins also exists. Additional sampling of altered felsic and mafic schist host rocks is in progress to determine if broader mineralized zones occur between the veins, as is suggested by historical trench sampling (1.4 g/t Au over an interval of 56.4m in channel samples from weathered, altered, volcanic rocks - see May 24, 2007 News Release). Once all assays have been received, the Company will be finalizing its plans for the next stage of work on the prospective Saluda Gold Project.

Technical Summery:

A total of 525m in 6 diamond drill holes have been completed on the Rinehart Property of the Saluda Gold Project. A summary of the drill hole information and assay results for intervals containing greater than 1.0 g/t Au is provided in the table below. Hole S4 intersected 1.98m (drilled interval) assaying 17.8 g/t Au, approximately 20m further along strike to the northwest from the previously-reported Hole S1 intersection (see above). Visible gold associated with galena occurs in a massive quartz vein between 18.14 and 20.12m from which 83% of the core was recovered. This intersection demonstrates that the main vein has a true width of approximately 1.3m (in the Prospect Pit and Holes 1 and 4) over a strike extent of at least 75 m.

Quartz veins, sub-parallel to the main vein, were also intersected in Holes S2, S3 and S5. The Main Vein was not intersected in Hole S2, drilled 50m to the southwest of the Prospect Pit outcrop, suggesting it is either cut off by a fault or rapidly pinches out below its surface outcropping.

Hole S3 was drilled to the northeast to intersect the Main Vein between the Prospect Pit showing and the reported high-grade intercept in Hole S1, 40m down-dip. A 3.8m wide zone of quartz veining was intercepted between 46.50 and 50.30m, however, only 0.45 m of core was recovered with no significant results which, due to the large degree of core loss, may not be representative of the actual gold content. A deeper interval of veining in Hole S3 contained anomalous gold values in the 0.2-0.3 g/t range.

Holes S5 and S6 drilled were drilled from the same location 53m to the northwest of Hole S4 to test the northwest extension of the shear zone. These both intersected quartz veining but did not intersect the Main Vein. Further drilling will be required to determine if the Main Vein pinches out or is offset in this area.

Hole # Easting (m) Northing (m) Azimuth Angle Depth (m) From (m) To (m) Interval (m) Au g/t
S 1 445812 3767283 125° -45° 157.00 22.13 24.23 2.10 11.3
S 2 445845 3767212 045° -45° 129.00 21.10 22.86 0.76 1.20
S 3 445797 3767222 045° -60° 85.00       NSR
S 4 445807 3767285   -90° 43.00 18.14 20.12 1.98 17.8
S 5 445768 3767322 045° -60° 55.00 32.92 33.23 0.29 5.2
S 6 445768 3767322   -90° 56.00       NSR
* NSR = No Significant Results

All assays quoted in this release were performed in duplicate by standard Fire Assay/AA methods on sawn, half core samples submitted to American Assay Laboratories in Sparks, Nevada

The drilling program on the Saluda Project has been overseen by Ronald D McDaniels, BSc., MSc., a registered Professional Geologist in the State of North Carolina, and a Qualified Person as defined by National Instrument 43-101. The contents of this release have been reviewed by Dr. David A. Terry, P.Geo., VP Exploration and a Director for Astral Mining Corporation and a Qualified Person as defined by 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.

ON BEHALF OF THE BOARD

"Manfred Kurschner"

Mr. Manfred Kurschner, President & CEO


For further information 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.

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.

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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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