Astur Gold completes drilling at Salave project in Spain

8 January 2014 (Last Updated January 8th, 2014 18:30)

Astur Gold has completed a 3,031m surface diamond drilling programme at its wholly-owned Salave Gold project, located in Asturias, northern Spain.

Astur Gold has completed a 3,031m surface diamond drilling programme at its wholly-owned Salave Gold project, located in Asturias, northern Spain.

The drill programme was designed to provide infill drill data in support of a revised resource estimate at Salave, which the company plans to announce in several weeks' time.

A total of ten holes were completed from four drill platforms.

Two holes were drilled into two old holes drilled by former operators, to assess the quality and reliability of older data in support of their resource update.

The company noted that the two holes successfully confirmed the presence of a significant high-grade zone within the main resource area at Salave.

The drill results showed that 5.21g/t of gold was discovered over 25.08m. 17.43 g/t of gold over 6.29m in hole SA-3 and 7.4 g/t of gold over 12.92m in hole SA-6.

Astur Gold president and CEO Cary Pinkowski said that infill drilling has improved the company's confidence in the continuity of several mineralised lenses.

''Initial step-out drilling has additionally shown that mineralisation continues to the west and south-west, and further follow-up drilling is warranted," Pinkowski said.

Additional holes were drilled to search for extensions to the known mineralised zones at Salave, both down dip and along strike.

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.

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