Astral Drills 3.09m Averaging 479g/t Silver and 3.5% Copper at Los Crestones, Mexico
23 Novembre 2011 - 3:00PM
Marketwired
Astral Mining Corporation (TSX VENTURE:AA)(TSX VENTURE:AA.WT)(PINK
SHEETS:AAMJF)(FRANKFURT:A7DA) ("Astral" or "the Company") is
pleased to report an initial batch of results from first-ever
drilling at the Los Crestones property, Sinaloa state, Mexico,
Analytical highlights from the first 6 holes of the
recently-completed 18 hole 2,618.61m program include 3.09m
averaging 479g/t silver and 3.5% copper from hole 11LD006,
including 1.09m of 1,230g/t silver and 8.9% copper. Drill logs from
this hole suggest an intersection angle of 30 degrees to core axis;
true width of the stated intervals is approximately 50% of the
downhole length.
Drilling targeted low-medium sulphidation epithermal style
mineralization in three parallel vein/breccia zones and utilized a
low-impact, portable diamond drill rig. "Corona", "Bohemia" and
"Indio" are sub-parallel features trending north-south and have
been mapped on surface between 680m and 930m in length (for aerial
view click on:
http://www.astralmining.com/images/stories/losphotos/LC-3.JPG). The
zones consist of silicified breccias and quartz stockwork veining
hosted by remnant andesitic rocks heavily intruded by monzonite,
granodiorite and granite. The drilling program produced HQ sized
core, reduced to NTW size at around 100m downhole depth, and
represents first ever drilling at Los Crestones. Result highlights
from the first six holes of the program are tabulated below.
---------------------------------------------------------------------------
Interval Au Ag Cu
HOLE ID Target From To (m) (g/t) (g/t) (%)
---------------------------------------------------------------------------
11LD001 Corona Vein 64.25 65.10 0.85 0.26 1.3 0.01
11LD001 Corona Vein 71.10 72.10 1.00 1.31 0.5 0.01
11LD002 Corona Vein No significant intercepts
11LD003 Indio Vein 9.15 24.16 15.01 0.35 7.9 0.44
incl Indio Vein 12.30 17.70 5.40 0.60 2.4 0.13
incl Indio Vein 23.11 24.16 1.05 0.15 33.9 2.43
11LD003 Indio Vein 26.16 27.16 1.00 0.63 2.7 0.04
11LD003 Bohemia Vein 109.60 110.58 0.98 0.39 58.6 0.10
11LD003 Bohemia Vein 115.25 116.00 0.75 0.53 6.8 0.06
11LD004 Indio Vein 6.10 15.25 9.15 0.11 7.8 0.45
incl Indio Vein 6.10 6.85 0.75 0.55 49.3 0.61
11LD004 Indio Vein 18.00 24.40 6.40 0.53 16.2 0.77
incl Indio Vein 21.35 22.27 0.92 0.39 63.8 2.65
11LD004 Indio Vein 25.80 26.06 0.26 0.07 120.0 3.19
11LD005 Indio Vein 9.15 14.40 5.25 1.06 2.3 0.14
incl Indio Vein 13.15 14.40 1.25 2.70 3.2 0.21
11LD006 Indio Vein 138.15 141.24 3.09 0.14 479.0 3.50
incl Indio Vein 138.15 139.24 1.09 0.24 1230 8.91
---------------------------------------------------------------------------
Seventeen of eighteen holes were completed as planned (Hole
11LD013 abandoned due to poor ground conditions). Two holes
(11LD001 and 11LD002) tested the Corona vein, the remainder tested
the Bohemia and Indio veins over a horizontal distance of 300m. A
drill location plan is available on the company's website (to view
click on:
http://www.astralmining.com/images/stories/losmaps/Dplan_Nov2011.jpg).
Astral expects additional assays to be returned in the coming
weeks.
Logging and sampling were completed under the direct supervision
of qualified geoscientists, samples shipped directly to ALS
Chemex's sample preparation facility in Hermosillo, Sonora. The
company implemented an industry standard quality assurance/quality
control program including blank material, certified reference
material and duplicate samples.
British Columbia
The Company is also pleased to report the completion of a 1,334
line-kilometre Helicopter-Borne Electromagnetic and Magnetic survey
over the Barriere Ridge and Honeymoon Projects north of Kamloops,
British Columbia.
Fugro Airborne Surveys were contracted to complete a
Helicopter-Borne Electromagnetic and Magnetic survey over the
Barriere Ridge and Honeymoon Project areas. The two projects,
located 5km apart in the Barriere Lakes-Adams Lake area are located
80km north of Kamloops, British Columbia. The properties are
prospective for polymetallic vein and VMS style copper-gold-silver
and zinc mineralization. Honeymoon has additional potential for
intrusive related gold style mineralization related to the nearby
Baldy Batholith.
The company has completed preliminary reconnaissance work
including grab sampling, orientation soil sampling and historical
archive research. Airborne surveys will provide essential data for
use in planning a focused exploration effort for spring/summer of
2012. The survey comprises 433 line kilometers over 7,850 hectares
at Barriere Ridge and 901 line kilometers, over 16,370 hectares at
Honeymoon. Collection of data is complete and Fugro Airborne
Surveys are proceeding with data processing.
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.
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
Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation
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 20
Shares outstanding - 24,639,400
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this
release.
Contacts: Astral Mining Corporation Manfred Kurschner President
& CEO 604-641-1315info@astralmining.comwww.astralmining.com
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