Astral Mining Corporation
TSX VENTURE : AST
FRANKFURT : A7D
PINK SHEETS : ASMGF

Astral Mining Corporation
Kootenay Gold Inc.
TSX VENTURE : KTN

Kootenay Gold Inc.

November 29, 2007 08:01 ET

Astral and Kootenay Drill 8m Grading 12.44 g/t Gold on the "JJ" Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Astral Mining Corporation (TSX VENTURE:AST)(PINK SHEETS:ASMGF)(FRANKFURT:A7D)(WKN# A0JDX3) ("Astral" or "the Company") and Kootenay Gold Inc. (TSX VENTURE:KTN) are pleased to report assay results from a further 14 diamond drill holes from the Phase II drill program on the JJ Main Gold Zone on the Jumping Josephine (JJ) Gold Project in southeast British Columbia.

These results now extend significant gold mineralization to 420 meters of strike with depths of up to 120m below surface. The quartz stockwork zone has been intersected in drilling along an additional 280 meters for a total of 700 meters of strike length. Assay results are pending for the last 18 holes that have been drilled along this additional 280 meters of strike. The quartz stockwork zone remains open along strike in both directions and also to depth.

Assay Highlights include:

- 7.74 g/t(i) over 5m (0.226 opt(ii) over 16.4 feet) from hole 34, including 15.99 g/t over 2m (0.466 opt over 6.56 feet)

- 13.83 g/t over 3m (0.403 opt over 9.84 feet) from hole 43, including 35.6 g/t over 1m (1.038 opt over 3.28 feet)

- 8.28 g/t over 6m (0.241 opt over 19.68 feet) from hole 46, including 43.5 g/t over 1m (1.269 opt over 3.28 feet)

- 12.44 g/t gold over 8m (0.363 opt over 26.24 feet) from hole 48, including 26.9 g/t gold over 3m (0.784 opt over 9.84 feet)

- 7.96 g/t over 5m (0.232 opt over 16.4 feet) from hole 51, including 32.4 g/t over 1m (0.945 opt over 3.28 feet)

(i) grams per tonne

(ii) troy ounce per short ton

For detailed results see Table 1 below.

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. 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).

Phase II drilling has now been completed and comprises 38 drillholes for a total of 5,100.84 metres. Core logging, cutting and sampling is nearing completion and assays are awaited for the remaining eighteen holes. As drillhole data is finalized and assays are returned, Astral will be conducting a detailed interpretation of the 2007 drilling and will be commencing planning for a Phase III drill program in 2008.

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/2007-11-29_JJDP.pdf and http://www.astralmining.com/i/pdf/2007-11-29_JJLS.pdf

Drilling reported herein is from four 40m step-outs to the south and a single 80m step-out to the north of the area tested in the Phase I drilling program.



Table 1: Significant Intervals from HQ Diamond Drill Holes 07JD034-035,
041-049 and 051-053 on JJ Main Gold Zone
--------------------------------------------------------------------------
WID- WID- Au
AZI FROM TO TH Au TH (opt)
HOLE ID UTM E UTM N DIP (utm) (m) (m) (m) (g/t) (ft) (i)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
07JD034 429768.29 5456653.2 -60 315 101 106 5 7.74 16.4 0.226
--------------------------------------------------------------------------
(including) 102 104 2 15.99 6.56 0.466
--------------------------------------------------------------------------
07JD035 429768.03 5456653.5 -50 315 94 104 10 1.96 32.8 0.057
--------------------------------------------------------------------------
(including) 94 97 3 2.78 9.84 0.081
--------------------------------------------------------------------------
07JD041 429938.27 5456911 -65 315 100 105 5 0.54 16.4 0.016
--------------------------------------------------------------------------
07JD042 429820.16 5456663.8 -60 315 124 127 3 1.82 9.84 0.053
--------------------------------------------------------------------------
07JD043 429709.91 5456659.5 -45 315 28 31 3 13.83 9.84 0.403
--------------------------------------------------------------------------
(including) 29 30 1 35.6 3.28 1.038
--------------------------------------------------------------------------
07JD044 429709.96 5456659.8 -70 315 47 52 5 3.94 16.4 0.115
--------------------------------------------------------------------------
(and) 55 56 1 3.07 3.28 0.090
--------------------------------------------------------------------------
07JD045 429755.58 5456611.7 -60 315 120 121 1 4.73 3.28 0.138
--------------------------------------------------------------------------
(and) 127 132 5 1.44 16.4 0.042
--------------------------------------------------------------------------
07JD046 429756.24 5456610.7 -70 315 128 134 6 8.28 19.68 0.241
--------------------------------------------------------------------------
(including) 128 129 1 43.5 3.28 1.269
--------------------------------------------------------------------------
07JD047 429692.6 5456622.9 -45 315 40 43 3 4.04 9.84 0.118
--------------------------------------------------------------------------
07JD048 429693.76 5456622.2 -70 315 54 62 8 12.44 26.24 0.363
--------------------------------------------------------------------------
(including) 56 59 3 26.9 9.84 0.784
--------------------------------------------------------------------------
07JD049 429718.61 5456602.6 -65 315 88 89 1 4.52 3.28 0.132
--------------------------------------------------------------------------
(and) 97 99 2 2.08 6.56 0.061
--------------------------------------------------------------------------
07JD051 429668.68 5456580.8 -45 315 58 63 5 7.96 16.4 0.232
--------------------------------------------------------------------------
(including) 60 61 1 32.4 3.28 0.945
--------------------------------------------------------------------------
07JD052 429670.28 5456581.4 -70 315 70 71 1 1.40 3.28 0.041
--------------------------------------------------------------------------
(and) 73 74 1 2.62 3.28 0.076
--------------------------------------------------------------------------
07JD053 429692.52 5456563.3 -70 315 123 133 10 0.62 32.8 0.018
--------------------------------------------------------------------------
(i) troy ounce per short ton


Technical Details

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

Mr. Manfred Kurschner, President & CEO

Astral Mining Corporation

ON BEHALF OF THE BOARD

Mr. James M. McDonald, CEO

Kootenay Gold Inc.

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 30

Astral Shares Outstanding - 21,478,609

Kootenay Shares Outstanding - 21,052,725

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Astral Mining Corporation
    Manfred Kurschner
    President & CEO
    1-800-901-0058 or (604) 687-1828
    (604) 687-1858 (FAX)
    Email: info@astralmining.com
    Website: www.astralmining.com
    or
    Kootenay Gold Inc.
    James McDonald
    CEO
    (403) 238-6986
    or
    Kootenay Gold Inc.
    Ken Berry
    President
    (604) 601-5655 or 1-888-601-5650
    Website: www.kootenaygold.ca