Astur Gold Announces Strong Local Support for Salave Development
January 31 2011 - 9:15AM
Marketwired
Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ("Astur Gold"
or the "Company") is pleased to announce the results of an
independent survey of five communities near the Salave Gold Deposit
in Asturias, Spain.
Results show that of those who have an opinion on the issue,
74.4% are in favor of developing the Salave Gold Deposit.
Furthermore, 37.4% of those who oppose Salave stated that their
opinion could change depending on how the mine plan and development
are carried out.
Astur Gold CEO Cary Pinkowski commented, "Astur Gold is
listening to the communities of Western Asturias. These surveys are
very important to give the majority of people who are in favor of
an environmentally friendly, modern mine a voice. The community is
very concerned about youth emigration due to lack of local
employment opportunities. A regional newspaper recently published
that youth unemployment is over 40%. We will continue to work very
closely with all stakeholders in the region as we move Salave
towards production."
The majority of those polled (76.4%) believe that the new mine
development will boost the region economically and 76.2% believe
that it will generate direct and indirect stable employment. In
response to what the main problems of Western Asturias are: 77%
said lack of employment and jobs, followed by the lack of
industrial activity (48%).
When asked for their suggestions if the development of the
project proceeds, 26.8% insist on legal compliance in order to
guaranty the minimum possible impact on the environment and 25.4%
insist that jobs generated by the development of the mine are
occupied by the local population. Astur Gold has repeatedly stated
the Company's intention to fully comply with all environmental
regulations and employ local labor at Salave.
The survey was conducted December 13th to December 17th for the
municipalities of Vegadeo, Castropol, El Franco, Navia and Coana.
In total, 500 residents of these five municipalities were
interviewed: 274 men (54.8%) and 226 women (45.2%). The sampling
error margin is 5% and the confidence level is 95%. The age range
data is consistent with the trend of population aging in the area:
the majority of respondents are between 35 and 54 years (41%),
followed by 65 years (20%), then between 55 and 64 (19.2%) and
finally between 20 and 25 years (17.2%). The survey was conducted
by Novacom, an independent communications consulting firm based in
Navarra, Spain.
ABOUT NOVACOM
Novacom was founded with the aim of creating effective
communication channels between companies/institutions and their
audiences. It has become the largest communications consulting firm
in Navarra and works with clients both nationally and
internationally. Novacom employs a team with experience in roles as
various media and other communications consultants.
ABOUT ASTUR GOLD
The Company is developing its 100% owned Salave Gold Project in
northern Spain. Salave is one of the largest 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 (2,155,000 tonnes grading 3.88
g/t Au Measured and 15,790,000 tonnes grading 2.79 g/t Au
Indicated) 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 NI43-101 report, "Technical Report on Salave Gold Deposit,
Spain", dated March 5, 2010 available on SEDAR.
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 in
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 is advancing Salave towards
production and cultivating 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. Vadim Dubchak #300-1055 West Hastings
Street, Vancouver, B.C., V6E 2E9 604-694-1600 604-694-1663 (FAX)
info@asturgold.com www.asturgold.com
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