Astral Mining Corporation
TSX VENTURE : AST

Astral Mining Corporation

October 12, 2006 16:53 ET

Astral Completes Drilling Program on Gold Springs Property, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2006) - Astral Mining Corporation (TSX VENTURE:AST)(FWB:WKN# A0JDX3) is pleased to announce that it has completed and received assays for the Gold Springs drilling program carried out between June and August 2006. The program comprised 10 Reverse Circulation (RC) drillholes totalling 1,762m. This drill program has intersected narrow high-grade structures and wide zones of anomalous gold mineralization and demonstrating that Gold Springs hosts several large mineralizing systems. The Company is currently completing compilation and interpretation of drill data and will be prioritizing targets for follow-up diamond drill program on the property.

Astral previously reported results from the first three holes of the drilling program (News Release August 3, 2006) which included 7.24 g/t gold and 28.9 g/t silver over 6.1m, including a 1.5m interval that assayed 20.74 g/t gold and 53.4 g/t silver from hole GS-06-1. This intercept, along with mineralization from hole J88-4 collared 90m to the south (17.1 g/t gold and 41.8 g/t silver over 3.0m) highlight the significant potential of the hangingwall of the Jumbo vein to host high-grade mineralization. One of the primary targets for future drilling on the project will be the testing for extensions to mineralization intersected in this area.

The aim of the 2006 drill program was to test three main geological/geophysical targets; the Jumbo vein and stockwork zone, the Jennie North anomaly, and the Etna stockwork zone. Of the 10 RC holes completed, 8 were drilled in the Jumbo area, one hole in the Jennie North area, and one hole in the Etna area. As previously reported, high water flow rates and the limitation of RC drill rig being utilized prevented testing of the deep (greater than 300m) geophysical resistivity anomaly below the Jumbo zone. The Jennie North anomaly was tested with hole GS-06-4, intersecting mineralized quartz vein stockwork. For a summary of the highlights to the Gold Springs 2006 drill program see table 1 below.

The Gold Springs property is characterized by a thick sequence of layered andesitic rocks that host widespread epithermal vein and stockwork-style precious metal mineralization. The property has the potential to host both high-grade vein and bulk tonnage gold/silver deposits. At this stage the following priorities for continued testing of the large gold zones on the Gold Springs property include: 1) Testing for extensions in the hangingwall area of the Jumbo Zone, particularly north of the high grade intercepts in GS-06-1 and J88-4 described above, 2) Further drilling in the hangingwall and footwall of the Jumbo structure in the vicinity of GS-06-7 reported on below, 3) Testing of the deep CSAMT anomaly below the Jumbo zone with a diamond drill and 4) Further testing of the Jennie North anomaly reported on below.

Highlights of the analytical results are presented in Table 1 and the new holes are described in more detail below. All hole location and orientation data are provided in Table 3; see www.astralmining.com for a hole location map.



Table 1:
Summary of Assay Highlights from 2006 Gold Springs Drill Program

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Inter-
Drill Inclin- From To val Au Ag
Hole Area Azimuth ation (m) m) (m) (g/t) (g/t)
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GS-06-1(i) Jumbo 270 -75 25.9 68.6 42.7 1.47 9.9
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including 25.9 32.0 6.1 7.24 28.9
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and 27.5 30.5 3.0 12.87 35.6
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and 27.5 29.0 1.5 20.74 53.4
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GS-06-2(i) Jumbo 275 -65 131.1 135.6 4.5 1.22 34.8
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including 131.1 134.1 3.0 1.59 37.4
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and 132.6 134.1 1.5 2.13 46.8
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150.9 157.0 6.1 0.55 3.8
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GS-06-3(i) Jumbo 270 -50 123.4 173.7 50.3 0.14 5.4
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GS-06-4 Jennie 90 -60 143.3 161.6 18.3 0.40 3.2
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including 149.4 152.4 3.0 1.39 13.0
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214.9 222.6 7.7 1.24 6.6
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including 214.9 216.4 1.5 4.60 21.6
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GS-06-5 Jumbo 270 -60 92.0 140.2 48.2 0.20 2.9
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GS-06-6 Jumbo 120 -50 108.8 137.2 28.4 0.24 7.9
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including 131.1 137.2 6.1 0.73 20.1
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including 131.1 132.6 1.5 1.99 5.7
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including 134.1 137.2 3.1 0.37 33.9
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201.2 202.7 1.5 4.00 9.7
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GS-06-7 Jumbo 265 -55 7.6 10.6 3.0 0.36 19.3
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44.2 85.4 41.2 0.39 3.2
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including 44.2 47.2 3.0 1.33 11.1
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including 61.0 65.5 4.5 0.89 1.9
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including 83.8 85.3 1.5 1.95 11.6
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GS-06-8 Jumbo 290 -50 50.3 137.2 86.9 0.33 10.5
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including 50.3 57.9 7.6 0.45 14.6
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including 76.2 108.2 32.0 0.44 17.4
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including 135.7 137.2 1.5 2.14 9.6
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GS-06-9 Jumbo 85 -50 96.0 105.2 9.2 0.37 28.8
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GS-06-10 Etna 90 -60 65.5 70.0 4.5 0.60 2.2
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(i) Previously Reported in August 3, 2006 News Release


Drill Hole Summaries:

Hole GS-06-4 was collared north of the Jennie Mine and was drilled due east at a -60 degree angle. It was drilled to test a high resistivity CSAMT anomaly that occurs beneath a thick layer of rhyolite tuff that caps the andesite units which hosts epithermal precious metal mineralization elsewhere on the property. A 3.0m interval of weak quartz-vein stockwork and silica flooding from 149.4m to 152.4m assayed 1.39 g/t gold and 13.0 g/t silver. A 7.7m interval from 214.9 to 222.6 assayed 1.24 g/t gold 6.6 g/t silver, including a 1.5m interval assaying 4.6 g/t gold and 21.6 g/t silver. This important blind discovery in an area with no previous drilling is a priority target for follow-up testing.

Hole GS-06-5 was drilled in the northern portion of the Jumbo zone and was the farthest north test of the Jumbo vein to date, 423m north of Hole GS-06-1. A 48.2m zone of strongly silicified andesite with quartz minor stockwork veinlets was encountered from 92.0 to 140.2m. Assays from 1.5m samples collected from this interval ranged from 0.04 to 0.58 g/t gold and from 0.4 to 17.0 g/t silver.

GS-06-6 was the first hole collared in the footwall of the Jumbo vein and drilled to the east-southeast at an angle of -50 degrees. A 28.4m zone of weakly silicified andesite from 108.0m to 137.2m assayed 0.24 g/t gold and 7.9 g/t silver. Assays from 1.5m samples in this interval ranged from 0.04 to 1.99 g/t gold and 1.2 to 43.4 g/t silver. A quartz vein stockwork zone at 201.2m assayed 4.00 g/t gold over 1.5m.

Hole GS-06-7 was drilled in the northern part of the Jumbo zone 314m north of Hole GS-06-1; it was collared 23m to the east of the Jumbo vein. The hole was drilled to the west at an angle of -55 degrees. The hangingwall of the Jumbo contained abundant quartz stockwork veins and veinlets with locally strong silica flooding. This zone from 7.6m to 44.2m assayed 0.11 g/t gold. The Jumbo vein assayed 1.33 g/t gold 11.1 g/t silver over 3.0m. The footwall of the Jumbo was also characterized by quartz veinlet stockwork with intervals from 61.0m-65.5m that assayed 0.89 g/t gold and a 1.5 m interval from 83.8m to 85.3m that assayed 1.95 g/t gold. Anomalous gold in this hole over an interval of 77.7m between 7.6m and 85.3m averaged 0.26 g/t gold.

Hole GS-06-8 was drilled from the same pad as GS-06-1. The hole was drilled to the west-northwest. A stockwork zone was encountered starting at 16.8m and continuing to 152.4m, a distance of 135.6m. Overall this stockwork zone averaged 0.26 g/t gold and 8.1 g/t silver. This zone includes 7.6m of the Jumbo vein from 50.3m-57.9m that assayed 0.45 g/t gold and 14.6 g/t silver, 32.0m from 76.2m to 108.2m that assayed 0.44 g/t gold and 17.4 g/t silver, and 1.5 m from 135.7m to 137.2m that assayed 2.14 g/t gold and 9.6 g/t silver.

Hole GS-06-9 was the second hole collared in the footwall zone of the Jumbo vein and drilled to the east at an angle of -50 degrees. A quartz veinlet stockwork zone from 96.0m to 105.2m assayed 0.37 g/t gold and 28.8 g//t silver over the 9.2m interval.

Hole GS-06-10 was drilled on the Etna quartz vein stockwork zone. Strongly broken ground was encountered throughout the hole, eventually resulting in its abandonment at 94.5m. Between 65.5m-70.0m a quartz stockwork zone with minor silica flooding was intersected which averaged 0.603 g/t gold over 4.5m.

In order to address the possibility that coarse gold is a factor at the Gold Springs project, as minor amounts were noted during logging, 20 samples were re-analyzed using screen fire analyses, which gave similar results to the original fire assays. As a secondary measure 6 subsequent analyses were preformed on selected samples using an alternate sample prep technique whereby, to obtain as representative a sample of the collected drill sample as possible, the entire drill sample was crushed and pulverized to 30 mesh. This was followed by blending the sample before taking the 30g split for the fire assay. Subsequently a 1kg split for a 24 hour bottle roll test was made. Results from these preparation and analytical methods increased in four out of the six samples; per cent changes are given in the Table 2 below.



Table 2: Comparison of Gold Assay Techniques
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Alternate % change Bottle % change
Prep from Roll from
Drill Depth Original Assay original Assay original
Hole (m) FA(ppm) (ppm) FA (ppm) FA
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GS-06-6 122-123.5 0.081 0.032 -60 0.01 -88
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GS-06-9 175.3-176.8 0.026 0.113 +335 0.14 +438
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GS-06-9 176.8-178.3 0.167 0.084 -50 0.04 -76
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GS-06-9 178.3-179.8 0.024 0.069 +188 0.12 +400
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GS-06-9 207.3-208.8 0.014 0.045 +221 0.030 +114
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GS-06-9 208.8-210.3 0.012 0.018 +50 0.03 +150
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These results indicated as large a sample as possible is preferred. The overall increase in the gold assays indicates that the intermediate pulverizing method is a realistic and cost effective method of obtaining a more representative split from the drill sample.



Table 3: Drill Hole Information for 2006 Gold Springs Drill Program
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Drill Total
Hole Easting(i) Northing(i) Azimuth Inclination Depth (m)
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GS-06-1 761,405 4,198,927 270 -75 161.5
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GS-06-2 761,458 4,198,702 275 -65 157.9
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GS-06-3 761,496 4,198,827 270 -50 176.8
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GS-06-4 759,338 4,198,961 90 -60 224.0
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GS-06-5 761,444 419,9350 270 -60 189.0
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GS-06-6 761,237 4,198,948 105 -50 210.3
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GS-06-7 761,380 4,199,241 265 -55 143.3
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GS-06-8 761,404 4,198,932 290 -50 170.7
--------------------------------------------------------------------
GS-06-9 761,221 4,198,679 90 -50 233.2
--------------------------------------------------------------------
GS-06-10 760,648 4,196,042 90 -60 94.5
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A 43-101 report on the Gold Springs property authored by Gregory Smith, a Qualified Person as defined by National Instrument 43-101, has been filed on the SEDAR website at www.sedar.com. Detailed descriptions of the Company's properties and agreements as well as financial and other information about Astral are disclosed in the amended and restated prospectus dated February 3, 2005, also available on SEDAR. The current drilling program is being carried out under the supervision of Qualified Person John Rice, C.P.G.. The technical information contained in this release has also been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Astral and a Qualified Person as defined in National Instrument 43-101.

Astral Mining Corporation is a Canadian-based company engaged in the exploration and development of precious mineral 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 an experienced technical team and seasoned management Astral is poised to leverage this expertise into early exploration success.

ON BEHALF OF THE BOARD

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.

2006 Number 11


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