Astur Gold Announces Completion of Resource Delineation Drilling at Salave
January 06 2014 - 8:00AM
Marketwired
Astur Gold Announces Completion of Resource Delineation Drilling at
Salave
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 6, 2014) - Astur
Gold Corp. (TSX-VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the
"Company") is pleased to announce the results from its recently
completed surface diamond drilling program on its 100% owned Salave
Gold Project in Asturias, Spain. A total of 10 holes were completed
from 4 drill platforms for a total of 3,031 meters drilled. Assay
results have been received for all 10 holes and are reported
below.
The drill program was designed to provide infill drill data in
support of a revised resource estimate at Salave that is expected
to be announced in the following weeks. Two holes were also drilled
to twin holes drilled by former operators in order to assess the
quality and reliability of older data in support of their inclusion
in the pending resource update. These twin holes were successful in
confirming the presence of a significant high grade zone within the
main resource area at Salave. In addition, other holes were drilled
to explore for extensions to the known mineralized zones at Salave
both down dip and along strike.
"We are pleased with the results of the recent surface drill
program, and look forward to updating the market in due course with
a revised resource estimate for Salave," commented Cary Pinkowski,
President & CEO of Astur Gold. "Infill drilling has helped
improve our confidence in the continuity of several mineralized
lenses. Initial step-out drilling has additionally shown that
mineralization continues to the west and southwest, and further
follow-up drilling is warranted."
Highlights from the drill results include 25.08m @ 5.21 g/t Au
in Hole SA-3 and 6.29m @ 17.43 g/t Au and 12.92m @ 7.4 g/t Au in
Hole SA-6. All widths are estimated true widths. Significant drill
intercepts are presented in the following table:
Hole No |
From |
To |
Width |
True Width (Estimated) |
g/t Au |
|
Target |
SA-1 |
221.70 |
227.30 |
5.60 |
3.64 |
3.49 |
|
West Extension |
|
236.60 |
240.30 |
3.70 |
2.41 |
2.94 |
|
|
|
|
|
|
|
|
|
|
SA-2 |
109.90 |
126.10 |
16.20 |
10.53 |
1.91 |
|
Southwest Extension |
including |
112.90 |
118.90 |
6.00 |
3.90 |
3.13 |
|
|
|
129.10 |
158.10 |
29.00 |
18.85 |
2.88 |
|
|
including |
151.60 |
157.50 |
6.00 |
3.90 |
5.00 |
|
|
|
|
|
|
|
|
|
|
SA-3 |
92.90 |
97.00 |
4.10 |
3.49 |
2.45 |
|
Twin Hole |
|
125.40 |
132.90 |
7.50 |
6.38 |
2.64 |
|
|
|
153.00 |
158.00 |
5.00 |
4.25 |
6.11 |
|
|
|
193.30 |
222.80 |
29.50 |
25.08 |
5.21 |
|
|
including |
209.80 |
214.30 |
4.50 |
3.83 |
14.50 |
|
|
|
240.80 |
251.20 |
10.40 |
8.84 |
7.56 |
|
|
including |
242.30 |
243.80 |
1.50 |
1.28 |
24.20 |
|
|
|
|
|
|
|
|
|
|
SA-4 |
154.10 |
158.50 |
4.10 |
2.67 |
1.82 |
|
Infill |
|
152.60 |
175.60 |
23.00 |
14.95 |
1.44 |
|
|
including |
171.10 |
174.10 |
3.00 |
1.95 |
3.24 |
|
|
|
225.00 |
246.10 |
21.10 |
13.72 |
1.47 |
|
|
including |
235.50 |
238.60 |
3.10 |
2.02 |
2.80 |
|
|
|
|
|
|
|
|
|
|
SA-5 |
65.20 |
68.20 |
3.00 |
1.95 |
4.06 |
|
Infill |
|
121.30 |
128.80 |
7.50 |
4.88 |
1.20 |
|
|
|
133.70 |
175.00 |
41.30 |
26.85 |
2.26 |
|
|
|
294.70 |
298.00 |
3.30 |
2.15 |
2.50 |
|
|
|
|
|
|
|
|
|
|
SA-6 |
62.40 |
66.50 |
4.10 |
3.49 |
4.45 |
|
Twin Hole |
|
79.10 |
86.50 |
7.40 |
6.29 |
17.43 |
|
|
including |
80.60 |
85.00 |
4.40 |
3.74 |
26.75 |
|
|
|
100.50 |
109.50 |
9.00 |
7.65 |
13.87 |
|
|
including |
103.50 |
108.00 |
4.50 |
3.83 |
26.16 |
|
|
|
128.00 |
137.00 |
9.00 |
7.65 |
5.78 |
|
|
|
144.50 |
159.70 |
15.20 |
12.92 |
7.40 |
|
|
including |
145.80 |
147.20 |
1.40 |
1.19 |
22.30 |
|
|
including |
151.80 |
153.00 |
1.20 |
1.02 |
18.50 |
|
|
|
202.00 |
213.70 |
11.70 |
9.95 |
1.78 |
|
|
|
235.50 |
241.70 |
6.20 |
5.27 |
5.12 |
|
|
|
250.50 |
252.00 |
1.50 |
1.28 |
10.05 |
|
|
|
267.00 |
268.50 |
1.50 |
1.28 |
32.70 |
|
|
|
|
|
|
|
|
|
|
SA-7 |
79.00 |
82.00 |
3.00 |
1.95 |
2.33 |
|
Infill |
|
117.50 |
120.30 |
2.80 |
1.82 |
1.92 |
|
|
|
129.30 |
130.80 |
1.50 |
0.98 |
4.20 |
|
|
|
145.00 |
159.00 |
14.00 |
9.10 |
1.18 |
|
|
|
165.00 |
187.30 |
22.30 |
14.50 |
1.49 |
|
|
|
222.30 |
232.10 |
9.80 |
6.37 |
1.59 |
|
|
|
281.00 |
284.50 |
3.50 |
2.28 |
2.40 |
|
|
|
|
|
|
|
|
|
|
SA-8 |
66.00 |
67.50 |
1.50 |
0.98 |
6.73 |
|
East Extension |
|
75.00 |
76.50 |
1.50 |
0.98 |
3.35 |
|
|
|
88.50 |
91.50 |
3.00 |
1.95 |
2.05 |
|
|
|
94.50 |
105.70 |
11.20 |
7.28 |
3.03 |
|
|
|
109.80 |
111.40 |
1.60 |
1.04 |
7.90 |
|
|
|
|
|
|
|
|
|
|
SA-9 |
94.50 |
97.30 |
2.80 |
1.82 |
1.75 |
|
Infill |
|
110.00 |
117.00 |
7.00 |
4.55 |
2.63 |
|
|
|
|
|
|
|
|
|
|
SA-10 |
187.35 |
216.00 |
28.65 |
18.63 |
1.61 |
|
West Extension |
|
225.00 |
227.70 |
2.70 |
1.80 |
2.38 |
|
|
|
|
|
|
|
|
|
|
Gold mineralization at Salave is found within of a series of
northwest plunging lenses of disseminated and stockwork-type
sulphides, chiefly pyrite and arsenopyrite, hosted by a
granodiorite intrusive and overlain by sedimentary rocks. The
individual lenses are controlled by a series of contact parallel
structures and associated surrounding micro-fractures. A near
vertical feeder structure has been postulated to occur in the
vicinity of the high grade mineralization and may be related to
northeast trending structures.
Astur Gold is currently conducting a Feasibility Study on Salave
based upon underground-only mining via open stope mining methods,
bulk backfill with development rock and paste fill, and processing
via conventional flotation to produce a gold-rich concentrate for
shipment to an independent smelter. A new independent underground
resource estimate is expected shortly, incorporating the results of
the recent drill program, and will form the basis of the ongoing
Feasibility Study at Salave.
Diamond Drilling and Sampling Procedures:
The diamond drilling was completed using HQ, and PQ core size.
Overall core recovery was estimated to be greater than 95%. The
core was logged by independent consulting geologists. After cutting
with a diamond saw, one half of the core was collected for sample
preparation and analysis and the other half retained for future
reference. Sample intervals were selected based on lithology
changes, alteration intensity and estimated mineral content. Sample
interval lengths ranged from 0.1 to 2.9m. The vast majority of the
sample intervals were 1.5m. Sample preparation was completed by ALS
Laboratories ("ALS") located in Seville, Spain and analyses were
completed by ALS at their Loughrea facility in Galway, Ireland.
Sample preparation at ALS consisted first of logging the sample
into the ALS tracking system, then the sample was weighed, dried
and finely crushed to 70% passing a 2mm screen. A split of up to
1000g was pulverized to 85% passing a 75 micron screen.
Gold was assayed using ALS's Au-AA25 package, which consists of
fusion of a 30 gram sub-sample followed by an AAS finish. Samples
which assayed more than 10 g/t Au were re-assayed using ALS's
AU-GRA21 package, which consists of a gravimetric finish after
fusing a 30 gram sample. ALS analyzed for 33 other elements using
their ICP-61a package, which included 4 acid digestion and ICP-AES
finish.
Astur Gold instituted a strict quality assurance and quality
control ("QA/QC") program for the Salave drill core sampling. Each
batch of 20 samples included one certified reference material
(standard), one blank sample, and one core duplicate sample.
Quality control guidelines and ongoing QA/QC monitoring are carried
out by outside consulting geologists.
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, supervised and directed the drilling program
and 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. 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.
Astur Gold CorporationVadim Dubchak604-694-1600(604)
694-1663info@asturgold.comwww.asturgold.com
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