Astur Gold Adds Local Community Leaders to Management in Spain
October 25 2010 - 5:00AM
Marketwired
Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ("Astur Gold"
or the "Company") is pleased to announce the appointments of Mr.
Juan Calvo-Sotelo as Director of Communications and Mr. Francisco
Javier Lopez-Cancio as Director of Community Relations.
"Juan and Francisco are invaluable additions to our Spanish
management team. Our continuing work with the community will be
greatly enhanced by their endorsements," stated Company CEO, Cary
Pinkowski. "We are pleased to have these esteemed business and
political leaders join Astur Gold."
Juan Calvo-Sotelo has been a local political leader in western
Asturias for the past decade: he was mayor of the township of
Castropol, a neighbour of Tapia, between 1999 and 2003, where he
remains town councilor to this day. He holds a Master of Science in
Industrial Chemistry from The University of Seville, and has an
extensive experience in the management of production and industrial
processes, in multinational organizations such as Nestle and
Tecnicas Reunidas.
Francisco Javier Lopez-Cancio lives in Tapia and headed the
Business Council of eastern Galicia for 12 years. He has more than
20 years experience as a legal and tax advisor to companies in the
region and was the legal and tax advisor to Newmont Corporation
Spain, on its Salave activities. Mr. Lopez-Cancio has a Law degree
from the Complutense University of Madrid.
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). Salave is subject to 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
Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
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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