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Astral Mining Corporation

Publié le 12 décembre 2011

re=3A New Astral Mining results from Mexico

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Mots clés associés :   Copper | G Mexico | Zinc |
Astral Drills 5m averaging 39g/t Gold and 93g/t Silver at Los Crestones Project, Sierra Madre Gold-Silver Belt, Mexico

Vancouver, BC - Astral Mining Corporation (TSX-V AA, AA.WT) ("Astral" or "the Company") is pleased to report the second batch of results from drilling at the Los Crestones property, Sinaloa state, Mexico. Highlights from holes 7 to12 of the recently-completed 18 hole 2,618.61m program include 5m averaging 39.1 g/t gold, 93.3 g/t silver and 2.13% copper.  This interval from hole 11LD011 included 1m of 162.5 g/t gold, 270 g/t silver and 3.02% copper.  Intervals stated are core length. True widths are not known as mineralization geometry is not completely understood at this time.

Holes 10, 11 and 12 on the Bohemia vein, tested a high priority zone previously sampled on surface by Astral. Current interpretation of this section indicates up to three sub-vertical mineralized vein/breccia bodies exist within an envelope of approximately 25m.  The mineralization remains open at depth and requires additional drill testing to confirm geometry and continuity.

Seventeen of eighteen holes were completed to programmed depth. Hole 11LD013 was abandoned due to poor ground conditions. Drilling targeted low-medium sulphidation epithermal style mineralization in three sub-parallel vein/breccia zones �Corona�, �Bohemia� and �Indio�.  The zones trend north-south and have been mapped on surface for up to 930m (for drill plan see Astral�s current map page here). The mineralized zones consist of silicified breccias and quartz stockwork veins which exploit brittle fractures within multi-phase felsic intrusives and minor intermediate volcanics.

Significant Drill Intersections From Holes 7 to 12 of Phase I Drill Program at the Los Crestones Project

Hole Target From (m) To (m) Core Length (m) Au (g/t) Ag (g/t) Cu (%) Au EQ (g/t)
11LD007 Indio 126.65 127.05 0.40                 0.03         50.4         0.09         1.16
11LD007 Indio 134.07 135.67 1.60                 0.03         58.7         0.89         2.43
11LD008 Indio 57.42 58.00 0.58                 0.53         94.0         2.75         6.18
11LD008 Indio 62.00 63.00 1.00                 1.71         1.0         0.06         1.80
11LD008 Indio 64.00 65.00 1.00                 2.93         1.9         0.08         3.08
11LD008 Indio 71.06 71.41 0.35                 0.03         50.6         1.67         3.33
11LD008 Indio 73.05 75.54 2.49                 20.4         22.0         0.82         21.94
Including 73.05 74.05 1.00                 49.9         33.2         1.35         52.41
11LD009 Bohemia20.20 20.90 0.70                 0.56         11.7         0.43         1.38
11LD010 Bohemia50.00 54.00 4.00                 9.13         41.8         0.55         10.72
Including 50.00 51.00 1.00                 30.0         150         1.06         34.45
11LD010 Bohemia56.00 61.00 5.00                 1.32         4.0         0.22         1.71
11LD011* Bohemia39.00 43.00 4.00*          30.0         259         3.06         39.39
Including* 39.85 40.25 0.40*                 22.8         347         5.28         36.95
Including* 41.00 42.00 1.00*                 93.4         657         6.33         115.2
11LD011 Bohemia46.30 47.00 0.70                 41.6         256         5.24         53.91
11LD011 Bohemia55.00 60.00 5.00                 39.1         93.3         2.13         43.93
Including 55.00 56.00 1.00                 13.20 87.9   2.77         18.76
Including 58.00 59.00 1.00                 13.85 61.0         3.06         19.27
Including 59.00 60.00 1.00                 162.5 270         3.02         172.0
11LD012 Bohemia57.00 60.60 3.60                 2.41         30.0         0.02         3.04
Including 57.00 58.00 1.00                 4.47         33.6         0.19         5.40

* 0.65m core loss between 40 to 42.7m in hole 11LD011

Table Notes
1. Intervals are reported as core length. Astral cannot accurately estimate true width as the vein geometry is not clearly understood at this time.
2. No top cut has been applied.
3. Gold equivalent assumes 100% metallurgical recovery, Au at $1500/oz, Ag at $30/oz, Cu at $3/lb, 1 troy oz = 31.10348g, 1lb = 453.593g
4. Drilling included HQ and NQ2 sized drill core sampled at one metre intervals where lithological contacts reasonably allowed.
5. Samples were halved using diamond core saw. Half-core is stored on site while the other half was sent to the laboratory.
6. Samples were sent to ALS Chemex in Hermosillo, Sonora for standard preparation and shipped to the Vancouver laboratory for analysis.
7. Samples were analysed for a standard multi-element suite by aqua regia digestion with ICP-AES finish on 0.5g sample charge (ALS code ME-ICP41) Overlimit analyses for silver, copper, lead and zinc were re-run using an Ore Grade aqua regia digestion with ICP-AES finish on an 0.4g sample (ALS code MEOG-46).
8. Samples were analysed for gold by routine fire assay and AAS finish on a 30g nominal sample weight (ALS code Au-AA23), Samples retuning over 10g/t gold were re-assayed by fire assay fusion, gravimetric finish on a 30g charge (ALS code Au-GRA21).
9. Astral incorporates blanks, certified standards and duplicate assays as part of industry standard QA/QC checks.

Astral is awaiting results from the remaining five holes in this round of drilling. Due to high gold and silver values returned from the latest results, confirmation analyses including metallic screens for gold will be conducted on stored coarse reject material.
Manfred Kurschner, CEO and President comments, �The results from this first drilling program are extremely encouraging and have far exceeded our expectations.  Furthermore, Astral�s limited sampling programs along strike and adjacent to the discovery area have yielded a number of high priority exploration targets to focus on in 2012�.
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 V.P. Exploration.

About Astral

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
Manfred Kurschner"
Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation

For further information on Astral please contact Manfred Kurschner, President & CEO, at (604) 569-0800, or by email info@astralmining.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it , 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.

2011 Number 22

To view this release online please visit:
http://www.astralmining.com/news/250-mon-dec-12--astral-drills-5m-averaging-39gt-gold-and-93gt-silver-at-los-crestones-project-sierra-madre-gold-silver-belt-mexico

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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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