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Astur Gold - ehem. Dagilev Cap - Entwicklung des Salave Gold Projekts mit Lundin Mining (Seite 31)

Antwort auf Beitrag Nr.: 42.685.000 von ooy am 02.02.12 08:27:14Na der Grund war ja die Bekanntgabe, das der Merger nicht klappt, weil GOZ von Elgin Mining übernommen wird und daher der Deal mit Astur Gold hinfällig wird bei Zahlung der Strafgebühr. Alle Beteiligten Unternehmen hatten vor der News Trading Halt.

300 – 1055 West Hastings Street
Vancouver, BC, V6E 2E9 Canada
Tel: (604) 694-1600 Fax: (604) 694-1663


February 29th, 2012

Vancouver, BC – February 29, 2012: Astur Gold Corp. (TSX-V: AST, Frankfurt: CDC) (”Astur Gold” or the ”Company”) is pleased to announce the appointment of Mr. Michael Surratt as the Company's Interim Chief Operating Officer.

Mr. Surratt was the Founder, President and CEO of Mercator Minerals Ltd. (TSX: ML) from its inception in 1998 until his retirement in June 2011, during which time he was responsible for growing Mercator Minerals from a junior exploration company into a strong intermediate base metals producer with a market cap of over $800 million. He directed construction of the 50,000 ton per day Mineral Park copper-molybdenum mine, and led the acquisitions of both the El Pilar copper project and the El Creston molybdenum project in Mexico. Prior to founding Mercator, Mr. Surratt held positions as President and CEO of Aurex Resources, Director and VP Worldwide Operations at Miramar Mining, and VP Development for Santa Fe Gold.

He has extensive operating experience as both an open pit and underground mine manager, including over 15 years experience with various methods of underground mining. Mr. Surratt formerly served as General Manager of the underground Con Gold Mine in the Northwest Territories, where he was responsible for the redesign, start up, and operation of the Con mine autoclave for processing refractory ore. Michael holds a B.Sc. in Geology and is a current member of the Prospectors and Developers Association of Canada.

”Mike's exceptional mining expertise in underground operations is of great value to the Company as we move Salave towards production.” commented Cary Pinkowski, CEO of Astur Gold.

Astur Gold has granted Mr. Surratt options to purchase 175,000 common shares in the Company, exercisable at a price of $1.30 per share for a period of 3 years.

Astur Gold concurrently announces the resignation of Emilio Hormaeche from his position as President and Director. The board of Astur Gold would like to thank Mr. Hormaeche for his service to the company as President and Director. Mr. Hormaeche will continue to work with the Company as Technical Advisor, responsible for metallurgy and environmental permitting of the Salave gold project. As a result of this change, Cary Pinkowski will assume the role of President.

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