DGAP-News ASTUR GOLD CORP. ANNOUNCES EIA ADVANCED TO NEXT PHASE
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DGAP-News: Astur Gold Corp. / Key word(s): Miscellaneous
ASTUR GOLD CORP. ANNOUNCES EIA ADVANCED TO NEXT PHASE
27.01.2012 / 13:00
Vancouver, BC - Astur Gold Corp. (TSX-V: AST, Frankfurt: CDC) (´Astur Gold´
or the ´Company´) has been notified that the Directorate General of
Environment of the Principality of Asturias has commenced preliminary
consultation work towards an Environmental Impact Assessment Study (´EIA´)
for Astur Gold´s Salave gold project. This preliminary consultation process
will last 20 days and will include comments from environmental, urban, and
cultural organizations, as well as NGO´s and other affected stakeholders.
Following their review, the Directorate General of Environment will provide
Astur Gold with its report, which will outline the scope and level of
further detail required in the EIA for Salave. The Company will then submit
an updated EIA with the data required under the appropriate Environmental
Legislation. Astur Gold has already commenced, under the supervision of
Congeo as environmental consultant, most of the necessary field work
related to the EIA.
´We share our stakeholders´ excitement for the acceleration in the
permitting process. Astur Gold remains committed to a strong balance among
environment, social and economic responsibilities for the region´, stated
CEO Cary Pinkowski.
ABOUT ASTUR GOLD
Astur Gold is developing its 100% owned Salave Gold Project in Asturias
(northern Spain) comprising 3,198 hectares. Salave is one of the largest
undeveloped gold deposits in Western Europe with a NI 43-101 compliant
mineral resource estimate by Scott Wilson RPA 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).
The Salave deposit is a shear zone type deposit hosted in granodiorite.
Drilling to date totals 64,377m in 430 holes (235 diamond drill holes) and
previous metallurgical tests indicate gold recoveries in the order of 90%
are possible. Access to power, water, and roads is available on site. The
region boasts excellent infrastructure and industrial skilled labour due to
a long history of mining that will help support future mine development.
Astur Gold submitted an application for an underground mine permit to the
government of Asturias in September 2011. The Company has recently
conducted geotechnical drilling for underground mine planning and is
working on an Environmental Impact Assessment Study. Astur Gold is building
a partnership with the people of Asturias to generate significant economic
benefit for the region and bring Salave into production as soon as
possible.
ON BEHALF OF THE BOARD
Signed ´Cary Pinkowski´
Cary Pinkowski, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Vadim Dubchak
#300-1055 West Hastings Street,
Vancouver, B.C., V6E 2E9
Tel: +1 604-694-1600
Fax: +1 604-694-1663
info@asturgold.com
www.asturgold.com
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.
End of Corporate News
27.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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154206 27.01.2012
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