Astur Gold Files Amended Preliminary Economic Assessment
21 Novembre 2013 - 8:19PM
Marketwired Canada
Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the
"Company") announces that further to its news release of September 13, 2013 the
Company has now filed an amended preliminary economic assessment ("Amended PEA")
of its Salave Gold Project dated February 12, 2011 on www.sedar.com. The Amended
PEA is responsive to comments received from staff at the British Columbia
Securities Commission and is now compliant with NI 43-101 (Standards of
Disclosure for Mineral Projects).
In particular, the Amended PEA provides for greater detail regarding the
Qualified Persons and their qualifications, the removal of certain limits on
reliance, and the inclusion of further detail regarding the calculations of the
mineral resources and the tax structure. The principal conclusions of the
Amended PEA are generally consistent with the original PEA disclosed in the
February 16, 2011 news release.
The Company reiterates that the Amended PEA is preliminary in nature, and
includes inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them that would
enable them to be categorized as mineral reserves, and that there is no
certainty that the preliminary economic assessment will be realized.
Astur Gold is in the process of conducting a Feasibility Study ("FS") as
announced in the Company's June 26, 2013 news release. The Company will announce
the results of its FS upon completion.
ABOUT ASTUR GOLD
Astur Gold is developing its 100% owned Salave Gold Project in Asturias,
northern Spain. Salave is one of the largest undeveloped gold deposits in
Western Europe. The Company received approval for an underground mine from the
Commission for Environmental Affairs of the Principality of Asturias in November
2012. Astur Gold is conducting a Feasibility Study on Salave and intends to
commence construction upon its completion and receipt of process plant,
tailings, and water discharge approvals. The Company is building a partnership
with the people of Asturias to generate sustainable economic benefits for the
region while balancing the needs of environmental protection and social
community development.
ON BEHALF OF THE BOARD
Cary Pinkowski, Chief Executive Officer, President and Director
Neither 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 release. Mineral resources that are not
mineral reserves do not have demonstrated economic viability. This document
contains certain forward looking statements which involve known and unknown
risks, delays and uncertainties not under the Company's control which may cause
actual results, performance or achievements of the Company to be materially
different from the results, performance or expectation implied by these forward
looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Astur Gold Corporation
Vadim Dubchak
604-694-1600
604-694-1663 (FAX)
info@asturgold.com
www.asturgold.com
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