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Vancouver, BC - Astral Mining Corporation (TSX-V AST)
("Astral") and Kootenay Gold Inc. (TSX-V KTN) are pleased
to report assay results from the first six of thirty-eight drill holes of
the Phase II drill program on the JJ Main Gold Zone on the Jumping
Josephine (JJ) Gold Project in southeast British Columbia.
Assay results from HQ diamond drill holes 07JD032 through to 07JD039
include 4m averaging 15.18 g/t gold (13.1 feet at 0.443 opt*) from hole
07JD032, which includes 1m at 56.4 g/t gold (3.28 feet at 1.645 opt*).
Holes 07JD032-036 were drilled 40m south of the southernmost holes of the
Phase I drilling, Holes 07JD037-039 were infill holes. Full results are
presented below in Table 1.
The 38 holes have extended the quartz stockwork zone over a known lateral
extent of 700 meters. Only the first six of the thirty-eight holes are
reported in this release. These six holes along with previously reported
Phase I assay results, confirm mineralization along 220 meters of the 700
meters tested to date. Assay results are pending for 32 holes drilled along
the remaining 480 meters of the 700 meter strike. The stockwork zone is
open along both strike directions and to depth.
The second of two deeper holes is underway and is planned to intersect the
zone at a vertical depth in excess of 200m. This will be the final hole of
this year's program and is expected to be finished later in the week.
Current information indicates the JJ Main Gold Zone has an estimated true
width of up to 12.6m (41.32 feet) as evidenced by previously reported hole
07JD013 which assayed 19m averaging 7.01 g/t gold from 46m (see July 12,
2007 News Release). The zone remains open along strike in both directions
and at depth. Infill aeromagnetics, geological mapping and surface
geochemistry suggest that the host structure for the mineralized stockwork
at JJ Main may extend for over three kilometres.
A map showing Phase II drillhole locations and a longitudinal section is
provided on Astral's website at the following links: http://www.astralmining.com/i/pdf/2007-11-13_JJDP.pdf
and http://www.astralmining.com/i/pdf/2007-11-13_JJLS.pdf
Table 1:
Significant Intervals from Diamond Drill Holes 07JD032-039 on JJ Main Gold
Zone
HOLE
ID
|
UTM
E**
|
UTM
N**
|
DIP
|
AZI
(utm)
|
FROM
(m)
|
TO
(m)
|
WIDTH
(m)
|
Au
(g/t)
|
WIDTH
(ft)
|
Au
(opt)*
|
07JD032
|
429735.36
|
5456692.93
|
-45
|
315
|
29
|
33
|
4
|
15.18
|
13.12
|
0.443
|
(including)
|
|
|
|
|
29
|
30
|
1
|
56.4
|
3.28
|
1.645
|
07JD033
|
429735.36
|
5456692.93
|
-60
|
315
|
32
|
34
|
2
|
3.81
|
6.56
|
0.111
|
|
|
|
|
|
37
|
38
|
1
|
4.83
|
3.28
|
0.141
|
|
|
|
|
|
42
|
45
|
3
|
3.25
|
9.84
|
0.095
|
07JD034
|
429770.71
|
5456657.57
|
-60
|
315
|
not
|
yet
|
received
|
|
|
|
07JD035
|
429770.71
|
5456657.57
|
-50
|
315
|
not
|
yet
|
received
|
|
|
|
07JD036
|
429798.99
|
5456629.29
|
-60
|
315
|
145.91
|
151.25
|
5.34
|
1.48
|
17.52
|
0.043
|
07JD037
|
429883.44
|
5456743.84
|
-45
|
315
|
26
|
28
|
2
|
2.55
|
6.56
|
0.074
|
07JD038
|
429783.44
|
5456743.84
|
-60
|
315
|
32
|
36
|
4
|
3.85
|
13.12
|
0.112
|
(including)
|
|
|
|
|
35
|
36
|
1
|
8.16
|
3.28
|
0.238
|
07JD039
|
429807.48
|
5456719.80
|
-50
|
315
|
76
|
80
|
4
|
7.48
|
13.12
|
0.218
|
(including)
|
|
|
|
|
77
|
79
|
1
|
26.7
|
3.28
|
0.779
|
* troy ounce per short ton
** Hole collar locations converted
from local grid - located by tape, compass and hand held 12 channel gps.- Accurate
surveys awaited
Technical Summary
Phase II drill program of 38 drill holes for approximately 5,050m (nearing
completion) in ten fences tests the gold-bearing quartz stockwork zone over
a strike length of 700m and to a vertical depth in excess of 200m. This
work builds on Phase I drilling which comprised 1,431m in 20 holes along 5
fences, testing the gold-bearing quartz stockwork zone over a strike length
of 180m and to a vertical depth of up to 100m.
The stockwork zone is characterized by silicified and sericitized quartz
monzonite hosting a distinct zone of multi-phase stockwork veining and
breccia zones controlled by a northeast-striking structure. Observed
sulphide mineralization includes pyrite, arsenopyrite, galena, sphalerite
and molybdenite. Visible gold has been observed in several holes.
Aeromagnetic surveys, geological mapping and geochemistry completed to date
suggest that this structure may extend for over three kilometres.
All drill core samples reported in this release were collected from HQ core
halved by diamond saw. All analytical results contained in this release are
from 1,000g samples analyzed using the Au by Screen Fire method by ALS
Chemex in North Vancouver B.C. ALS-Chemex is an internationally-recognized
analytical service provider. In addition to laboratory standards
Astral has included independently-prepared standards into the sample
sequence to assure proper quality assurance/quality control (QA/QC).
Exploration work reported in this release was completed under the
supervision of Astral's Project Geologist Dale Brittliffe, B.Sc.. Technical
information contained in this release has been reviewed by Dr. David A.
Terry, P.Geo., Director and Vice President of Exploration for Astral Mining
Corporation, and a Qualified Person as defined in National Instrument
43-101.
Astral is earning a 60% interest in the JJ Project from Kootenay (see April
12, 2006 news release).
Astral Mining Corporation, a member of the Grosso Group, is a
Canadian-based company engaged in the exploration and development of
precious metal properties in North America. By focusing on exploration in
mining-friendly districts, the Company minimizes the political and social
risks encountered in many other parts of the world. With a new gold
discovery at the Company's Jumping Josephine Gold Project in Southern
British Columbia currently being drilled for the first time, and an
experienced technical team and seasoned management, Astral is poised to
leverage this expertise into early exploration success. Further details on
Astral Mining Corporation and its high-quality portfolio of exploration
projects can be found at www.astralmining.com.
Kootenay is an emerging exploration Company actively developing a suite of
premier gold and silver projects in British Columbia, Canada and Mexico.
The Company's top priority remains the ongoing aggressive development of
its rich Promontorio Silver project, which encompasses the former producing
Promontorio Silver Mine in Northwest Mexico. Supported by an experienced
and accomplished technical team, over the past four years Kootenay has
substantially grown its mineral asset base through key acquisitions, while
successfully achieving four new mineral discoveries in the Rossland
Republic Gold Trend of British Columbia. Further information can be found
at: www.kootenaygold.ca
ON BEHALF OF THE BOARD
"Manfred Kurschner"
Mr. Manfred Kurschner, President & CEO
Astral Mining Corporation
ON BEHALF OF THE BOARD
"James M. McDonald"
Mr. James M. McDonald, CEO
Kootenay Gold Inc.
For further information on Astral please contact Manfred Kurschner,
President & CEO, at 1-800-901-0058 or 604-687-1828, or fax
604-687-1858, or by email info@astralmining.com, or visit the Company's web
site at http://www.astralmining.com.
For further information on Kootenay Gold, James McDonald, CEO at 403-
238-6986 or Ken Berry, President at 604-601-5655; 1-888-601-5650;
www.kootenaygold.ca
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release. Cautionary
Note to US Investors: This news release may contain information about
adjacent properties on which we have no right to explore or mine. We advise
U.S. investors that the SEC's mining guidelines strictly prohibit
information of this type in documents filed with the SEC. U.S. investors
are cautioned that mineral deposits on adjacent properties are not
indicative of mineral deposits on our properties. This news release may
contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.
2007 Number 29
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