Astral Samples 1m Grading 26.9g/t Gold and 3m Grading 649g/t Silver in Sinaloa, Mexico
12 January 2011 - 12:00AM
Marketwired
Astral Mining Corporation (TSX VENTURE: AA)(TSX VENTURE:
AA.WT)(PINK SHEETS: AAMJF)(FRANKFURT: A7DA) ("Astral" or the
"Company") has received analyses from due diligence rock chip
sampling over key showings at the 4,168 hectare Los Crestones
Property, located within the prolific Sierra Madre gold-silver belt
100 kilometres (km) north of the Sinaloa state capital, Culiacan,
Mexico. Never drilled, the property hosts numerous mineralized
showings and small scale workings and is prospective for vein and
breccia-hosted low sulphidation epithermal gold and silver.
In November 2010, Astral geologists visited the property and
collected a total of 18 representative chip samples from exposed
veins and historical workings. Encouraging results include 1 metre
(m) grading 26.9 grams per tonne (g/t) gold and 56g/t silver from
sample #986104, 3m grading 13.7g/t gold from #986107 and up to
649g/t silver from a three metre chip sample #986116. Analytical
results for all 18 samples are tabulated below; all are chip
samples collected over representative widths from epithermal vein
and breccia outcrops.
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Sample Sample Sample
Sample No. Location Type (m) Rock Type Au(g/t)(i) Ag (g/t) Cu %
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986118 Barite Subcrop 3 Q-BariteV 0.22 4.6 0.003
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986104 Bohemia Chip 1 QV/Bx 26.9^ 56.1 1.96^
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986105 Bohemia chip 4 QV/Bx 0.01 4.5 0.061
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986106 Bohemia chip 7 QV/Bx 0.29 19.3 0.326
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986107 Bohemia chip 3 QV/Bx 13.7^ 9.0 0.199
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986108 Bohemia chip 3 QV/Bx 1.55 9.4 0.313
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986109 Bohemia chip 7 QV/Bx 0.04 9.4 0.357
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986113 Corona chip 10 QV/Bx 0.87 26.5 0.054
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986114 Corona channel 3 FeOx-Bx 5.30 3.0 0.003
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986115 Corona channel 3 FeOx-Bx 4.14 2.7 0.003
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986101 El Indio chip 5 QV/Bx 0.25 43.8 0.155
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986102 El Indio chip 3 QV/Bx 1.81 44.2 0.102
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986103 El Indio chip 10 Qtz-Ad 0.01 1.1 0.011
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986110 El Indio chip 5 QV/Bx 1.08 8.7 0.249
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986111 El Indio chip 3 QV/Bx 1.30 27.8 1.61^
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986112 El Indio chip 7 QV/Bx 0.01 0.5 0.012
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986116 El Indio chip 3 QV/Bx 0.08 649.0^ 0.708
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986117 El Indio chip 6 QV/Bx 0.03 6.3 0.249
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(i) all gold values have been converted to g/t from originally reported ppb
(parts per billion).
^ results of overlimit analyses, gold and silver reported in g/t, copper
converted to percent from originally reported g/t
President & CEO Manfred Kurschner comments, "Based on these
sampling results, Astral has decided to move forward with
formalizing the purchase agreement with the property owners
announced December 9th, 2010. With a framework of a cooperative
agreement being finalized with the surrounding communities, we look
forward to unlocking the potential of this exciting opportunity in
an area with a rich endowment of gold and silver occurrences."
Astral will immediately begin the process of acquiring the
necessary environmental permits to begin road construction to gain
access to the central part of the property with known gold-silver
mineralization. In preparation for drilling in June 2011, the
Company plans a follow-up detailed surface mapping in areas with
known gold-silver mineralization, and regional geochemical sampling
and surface mapping.
Mineralization at Los Crestones is observed in a series of
north-south trending vein sets outcropping on both flanks of an
east-west trending ridge in the southern half of the property - see
maps available at www.astralmining.com/s/LosCrestones. Three
obvious veins have been identified to date. Astral has named these
"Corona", "Bohemia" and "El Indio" and they are primary targets for
initial exploration work. Veins and associated breccia zones are
sub parallel, trending between 345 degrees and 360 degrees and
dipping between 60-70 degrees to the east. Silicified breccia and
vein material is often observed as erosion resistant ribs
protruding from the hillside. Presently, the potential mineralized
corridor is approximately 400m wide and close to 5km long as
evidenced by historical surface sampling data which indicate
additional mineralized veins along the trend up to 1.3km south and
3.6km north of the main showings visited by Astral in 2010.
Evidence of recent systematic sampling by third parties was
observed. Local guides indicate that at least two phases of work
were undertaken on the property, most recently in Summer 2010.
Review of some of those third party sampling results indicates that
Astral's chip sampling results are consistent with prior
results.
Samples were collected by Astral's team at Los Crestones to
provide representative indications of mineralization. Where
possible, samples were collected as continuous chips over
pre-determined lengths attempting to replicate historical data.
Samples were labeled, bagged and shipped to Acme Laboratories'
sample preparation facility in Guadalajara, Jalisco state where
they were received and prepared for shipment to Acme's Vancouver
laboratory for analysis. Samples were run for a multi-element suite
by aqua regia digestion of 0.5 g charge with ICP-MS finish (method
1DX1) and a standard 30g fire assay for gold (method 3B01). Three
samples returned over-limit (greater than 10g/t) gold or (greater
than 100g/t) silver and were re-analysed by lead collection fire
assay fusion with a gravimetric analysis (method G603+G612). Two
samples returned over-limit (10,000g/t) copper and were re-analysed
by method 7AX aqua regia digestion with ICP-ES/ICP-MS finish. Gold,
Silver and Copper results are tabulated above.
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 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 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.
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 1
Shares outstanding - 17,277,400
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Contacts: Astral Mining Corporation Manfred Kurschner President
& CEO 604-961-8881 mkurschner@astralmining.com
www.astralmining.com
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