Astur Gold Commences Drilling at Salave
September 18 2013 - 8:00AM
Marketwired Canada
Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the
"Company") is pleased to announce that the Company has commenced drilling on its
100% owned Salave Gold Project in Asturias, Spain. The drill program will
provide additional information for the on-going Feasibility Study, which
commenced in June 2013.
Astur Gold will be drilling to follow-up on mineralization that remains open
along strike and at depth with a goal to increase the size of the mineral
resource. Salave has not been drilled since 2005 and that last program ended in
high grade mineralization. This drilling also targets an area where the current
drill spacing is greater than 50 meters in order to increase resource confidence
and potentially convert inferred resources to the measured and indicated
categories. Astur Gold will also obtain fresh mineralization to complete
metallurgical testing and process design.
The Company will update the market with results as they become available.
Robert J Fraser P.Geo. of R. J. Fraser Mineral Exploration Inc., an independent
Consulting Geologist and Qualified Person ("QP") as defined by NI 43-101, has
approved the content of this news release.
ABOUT ASTUR GOLD
Astur Gold is developing its 100% owned Salave Gold Project in Asturias,
northern Spain, which 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 and is completing additional requirements for the processing plant, water
discharge, and tailings licenses. The Company is working to build 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.
Statements contained in this news release that are not historical facts are
"forward-looking information" or "forward-looking statements" (collectively,
"Forward-Looking Information") within the meaning of applicable Canadian and
United States legislation. Forward-Looking Information includes, but is not
limited to, disclosure regarding possible events, conditions or performance that
is based on assumptions about future economic conditions and courses of action;
the timing and costs of future activities on the Company's properties;
permitting time lines and requirements; requirements for additional capital; and
planned exploration and development of properties and the results thereof.
Forward-Looking Information can be identified by the use of words and phrases
such as "plans", "expects", "scheduled", "estimates", "intends", "anticipates",
"potential", "could", "would", "might" or "will be taken", "occur" or "be
achieved". In making the forward-looking statements in this news release, the
Company has applied several assumptions including, but not limited to, certain
assumptions that the current exploration and other objectives concerning the
Salave Gold Project can be achieved and that the Company's other corporate
activities will proceed as expected; that the current price and demand for gold
will be sustained or will improve; that the general business, economic and
political conditions will not change in a materially adverse matter and that all
necessary governmental approvals will be obtained in a timely manner and on
acceptable terms.
Forward-Looking Information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by the Forward-Looking Information. Such risks
and other factors include, among others, risks related to the availability of
financing on commercially reasonably terms; changes in exploration programs
based upon results of exploration; changes in estimated mineral resources;
future price of metals; availability of third party contractors and equipment;
failure of equipment to operate as anticipated; accidents, effects of weather
and other natural phenomena and other risks associated with the mineral
exploration industry; environmental risks; community relations; delays in
obtaining governmental approvals or financing; fluctuations in mineral prices;
the nature of mineral exploration and mining and the uncertain commercial
viability of certain mineral deposits; government regulations and the ability to
obtain necessary licenses and permits; currency fluctuations; changes in
environmental laws and regulations which may increase costs of doing business
and restrict operations; risks related to dependence on key personnel; and
estimates used in financial statements proving to be incorrect; as well as those
factors discussed in the Company's public disclosure record. Although the
Company has attempted to identify important factors that could affect the
Company and may cause actual actions, events or results to differ materially
from those described in Forward-Looking Information, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that Forward-Looking Information will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on Forward-Looking Statements.
Except as required by law, the Company does not assume any obligation to release
publicly any revisions to Forward-Looking Information contained in this news
release to reflect any events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
FOR FURTHER INFORMATION PLEASE CONTACT:
Astur Gold Corp.
Vadim Dubchak
#300-1055 West Hastings Street, Vancouver, B.C., V6E 2E9
604-694-1600
info@asturgold.com
www.asturgold.com
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