Astur Gold Welcomes Comments From Mayor of Tapia Regarding Salave
October 20 2010 - 5:00AM
Marketwired
Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ("Astur Gold"
or the "Company") is pleased to report that the mayor of Tapia de
Casariego, Gervasio Acevedo, has stated in the October 19th, 2010
edition of the Spanish newspaper of La Nueva Espana that he will
thoroughly examine and assess the proposal for an underground drift
at the Salave Gold deposit in northern Spain. His comments are in
response to Astur Gold's initial formal application for
geotechnical drilling.
The mayor of Tapia de Casariego, Gervasio Acevedo, affirmed
yesterday that the municipality will "examine thoroughly" and
"assess" the proposal that the company Astur Gold has presented to
the Department of Industry of the Principado to first drill and
then exploit, the resources of Salave. Mr. Acevedo has been mayor
of Tapia since 1991. He states that Astur Gold is taking another
approach to the mine development process, in contrast to the 2005
application of predecessor Rio Narcea Gold Mines, commenting that
it "is different... therefore we'll have to study it in depth". (La
Nueva Espana, 19.10.2010, English translation).
The Company is currently evaluating a number of mining options
to bring Salave into production. Further, the Company intends to
conduct drilling to explore the deposit's potential at depth. The
last hole drilled in 2005 was Hole RN-70, which intersected high
grade mineralization assaying 33.9 g/t gold over 39.8 metres in two
zones at depths of 252.2 and 302.7 metres.
Astur Gold has opened an office in Tapia de Casariego and
intends to hire people from the local area for the development of
Salave and future mining operations. To date the company has
received over 400 CV's, demonstrating strong support for the mine
and the opportunities it holds for the local economy. To further
public relations in the community, Astur Gold will also start on
the first of three surveys in the Tapia area in the upcoming few
weeks. The Company's first newsletter went out in early October to
Tapia residents.
"We want to thank the many people who have submitted their
CV's," stated CEO Cary Pinkowski. "We are just at the start of our
public relations campaign and understand that environmental
considerations are just as important as economics. We will continue
to work closely by way of full and transparent communication with
the people of Tapia to bring Salave into production, and intend to
employ best practices in every element of our operations."
Brian McEwen, P. Geol. is the qualified person as defined in NI
43-101 is responsible for the scientific and technical information
and has reviewed the contents of this news release.
ABOUT ASTUR GOLD
The Company is focused on developing its 100% owned Salave Gold
Project in northern Spain. Salave is one of the largest and highest
grade undeveloped gold deposits in Western Europe. The property has
a NI 43-101 compliant mineral resource estimate containing
1,683,000 oz of gold in the Measured & Indicated category
(17,945,000 tonnes grading 2.9 g/t Au) with an additional 338,000
oz of gold in the Inferred category (3,770,000 tonnes grading 2.8
g/t Au). (NI 43-101 report, "Technical Report on Salave Gold
Deposit, Spain", March 5, 2010).
There is excellent exploration potential at Salave, with four of
the principal high grade zones of mineralization open at depth.
Additional exploration areas to the west have also yet to be
tested. Previous metallurgical tests indicate gold recoveries on
the order of 90% are possible. The region boasts excellent
infrastructure and a history of mining that will help support
future mine development. Astur Gold looks to advance Salave and
cultivate an enduring partnership with the people of Asturias in
developing economic prosperity for the region.
ON BEHALF OF THE BOARD
Cary Pinkowski, Chief Executive Officer 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.
Contacts: Astur Gold Corp. Cary Pinkowski Chief Executive
Officer and Director 604-694-1600 604-694-1663 (FAX)
info@asturgold.com www.asturgold.com
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