Astral Mining Corporation

Astral Mining Corporation

May 03, 2007 09:15 ET

Astral Commences Drill Program on Jumping Josephine

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - Astral Mining Corporation ("Astral" or the "Company") (TSX VENTURE:AST)(PINK SHEETS:ASMGF)(FRANKFURT:A7D) (WKN# A0JDX3) is very pleased to announce that it has commenced a Phase I, 30-hole, 2000m diamond drill program on the 11,785-hectare Jumping Josephine (JJ) Gold Project in southeastern British Columbia. Initially the drill program will focus on the JJ Main target where trenching in 2006 defined a gold-bearing quartz stockwork zone up to 10m wide over a strike length of at least 270m. Assay results from trench channel sampling included: 31.19 g/t gold over 7m, including 133.91 g/t gold over 1m from Trench 02a, 25.24 g/t gold over 4m from Trench 02c, and 14.1 g/t gold over 5m from Trench 03a (see December 14th, 2006 News Release).

This Phase I program will test 3 targets including:

- 1100m in 20 holes at the JJ Main Zone,

- 400m in 5 holes at the historical Albion and Dubrovnik targets and

- 500m in 2 holes at the Bonanza Pass Zone.

Surface work in 2006 identified high-grade gold mineralization at all three targets. The Phase I drill program is the first drilling ever to test the JJ Main and Bonanza Pass targets.

At JJ Main the Phase I drilling will test the sub-surface extent of the stockwork zone along a strike length of 200m down to a vertical depth of 150m. Due to previously identified nuggety gold in channel samples (see the November 14, 2006 news release), Astral is utilizing HQ sized core to maximize the sample size. All mineralized intervals will be assayed with the metallic gold assay method. Drilling at JJ Main will be completed in fences along 40m-spaced section lines.

The Albion prospect is within the historical Granville Mountain Mining Camp and hosts a north striking quartz vein up to 2m wide containing pyrite, chalcopyrite, galena and sphalerite. Between 1939 and 1962, sporadic work produced 4,418g gold and 25,255g silver from 541 tonnes at a recovered grade of 8.17 g/t gold and 46.68 g/t silver. Also produced from this ore was 365kg lead and 337kg zinc. The Dubrovnik vein is located 300m east of the Albion vein and shares a similar orientation, though no production is recorded. Both the Albion and Dubrovnik veins will be tested by 6 holes adjacent to and along strike from the historical workings.

The Bonanza Pass prospect is located to the south of the Granville Mountain Camp and was discovered by Kootenay Gold in 2003. A number of 1-5cm wide quartz-sulphide veins, spaced several centimetres to tens of metres apart, cut altered diorite exposed along an outcrop on the upslope side of a recently constructed forestry road. Prospecting identified visible gold in the veins and grab samples collected from them returned assays of up to 558 g/t gold. A 2006 soil sampling grid identified three coherent gold anomalies coincident with the observed orientation of these mineralized veins with values up to 1.48 g/t gold in soils (see September 26, 2006 News Release). A total of 500m in 2 drillholes are planned to test below one strong soil anomaly coincident with the projected orientation of the main corridor of gold-bearing quartz veins.

After receipt and interpretation of the results of the Phase I drill program a Phase II program will be planned and carried out in 2007. Once remaining snow clears in mid-May a comprehensive surface exploration program will commence on the JJ Project comprising geological mapping, prospecting, soil sampling, trenching and geophysics all aimed at identifying further drill targets to test later in 2007.

Astral is earning a 60-per-cent interest from Kootenay Gold Inc. in the 11,785-hectare JJ Gold Project. This release has been reviewed by Dr. David A. Terry, P.Geo., VP Exploration and director of Astral, a Qualified Person as defined by National Instrument 43-101.

Astral Mining Corporation, managed by 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 to be drilled for the first time in May 2007, 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


Mr. Manfred Kurschner, President & CEO

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 12

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

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