Astral Mining Corporation

Astral Mining Corporation

November 07, 2006 11:19 ET

Astral Reports Rock Sampling Results From Albion and Bonanza Pass Prospects on the JJ Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2006) - Astral Mining Corporation (TSX VENTURE:AST)(Frankfurt WKN# A0JDX3) and Kootenay Gold Inc. (TSX VENTURE:KTN) are pleased to announce new assay results received from channel and rock chip sampling at the Bonanza Pass and Albion prospects on its Jumping Josephine "JJ" project in southern British Columbia (Figure 1). Results of up to 10.08 grams per tonne (g/t) gold over 1.4m, including 45.66 g/t gold over 0.3m were obtained at the Albion prospect. The Bonanza and Albion prospects are located approximately 10km to the southwest of the exciting new JJ Main target where recent channel samples from trenches returned up to 21.43 g/t gold over 5.0m (See October 16th, 2006 News Release).

Reconnaissance mapping and geochemical anomaly follow-up work on JJ during the 2006 field season included the collection of 56 grab, rock-chip and channel samples from the Bonanza Pass and Albion prospects. Highlights from this sampling include:

- 10.08 g/t gold over 1.4m including 45.66 g/t over 0.3m in rock chip at Albion

- 5.77 g/t gold over 0.7m in continuous rock chip at Albion

- 2.17 g/t gold over 0.8m in continuous rock chip at Bonanza Pass

- 2.52 g/t gold over 2m in continuous channel sample at Bonanza Pass

- 2.23 g/t gold over 2m in continuous channel sample at Bonanza Pass

Astral's JJ property is located in the West Kootenay region of southeastern British Columbia in a mining district that has had historical production in excess of nine million ounces of high-grade gold, yet has remained under-explored since before the Second World War. Numerous gold showings were discovered in several areas of the JJ property during 2003 by Kootenay Gold Inc. through intensive prospecting. Kootenay Gold subsequently assembled a claim position in the area surrounding and including several small past producers in the Granville Mountain (Bonanza Pass) area. Astral is earning a 60-per-cent interest from Kootenay Gold in the 11,785-hectare project.

Currently Astral is waiting for results from further trenching and channel sampling completed on the JJ Main target in October. The Company is planning further trenching and preliminary drill-testing of the JJ Main prospect for the spring of 2007 and will be carrying out an extensive exploration program to advance a number of other prospects on the JJ Property during the balance of the 2007 field season.

Technical Summary

Gold mineralization in the southern portion of the JJ Property is thought to be related to the intrusion of Eocene age Coryell Syenites into mid-Jurassic Nelson intrusives and older Permo-carboniferous Mount Roberts Formation metasediments and volcanics.

The historical Granville Mountain Mining Camp, which produced over 51kg of gold and 319kg of silver from 5,700 tonnes of ore mined intermittently between 1912 and 1964, is surrounded by the JJ property (Figure 2). Thirty-one Crown-granted mineral claims still exist at the Granville Mountain Camp, seven of which have been optioned to Astral by Kootenay Gold. The north-south oriented Albion and Dubrovnik quartz veins are located within the claims optioned by Astral.

The Albion vein produced 4.42kg gold and 25.25kg silver from 541 tonnes of ore between 1939 and 1964; no production figures have been recorded from the Dubrovnik vein. Some trenching and several diamond drill holes were completed on both veins in the early 1980s. Reported results from this drilling includes values up to 27.5 feet grading 0.22 ounces per ton gold(1) (approximately 8.38m grading 7.53 g/t gold) from the Dubrovnik vein, however, this hole may have been drilled at a shallow angle to the vein.

The Albion vein is exposed today in trenches and cuttings on surface over 100m and varies up to 2.2m in width. The vein comprises iron stained, fractured quartz with cubic pyrite and lesser pyrrhotite mineralization. A total of 5 samples of quartz material in 3 continuous channel samples spaced roughly 25m apart were collected from the Albion vein (Figure 2). Results of individual samples ranged from 0.52 to 45.66 g/t gold; highlights of the sampling are provided below in Table 1. The Dubrovnik vein is obscured and was not sampled.

The Bonanza Pass prospect is located to the south of the Granville Mountain Camp and was newly discovered by Kootenay Gold in 2003. A number of quartz-sulphide veins, spaced several centimetres to tens of metres to apart and ranging from 1 to 5cm in width, cut an altered diorite exposed along a new outcrop on the upslope side of a recently constructed forestry road. Visible gold is commonly observed in these veins and grab samples collected from them have returned assays of up to 558 g/t gold. To make a preliminary assessment of their significance, 40 representative 1.0m channel samples were taken in 6 locations across the thin quartz-sulphide veins and adjacent host rock (Figure 3). Given the friable nature of the rock material at Bonanza Pass, channel samples were collected using a geological pick rather than a rock saw. Significant results were returned from Channel #1 and #4 and are tabulated below in Table 1.

Table 1: Significant rock sampling assays from JJ Prospect
Interval Grade Gold
Prospect ID (m) (g/t) Sample Type
Bonanza Channel #1 2.0 2.23 Channel
(including) 1.0 4.17
Bonanza Channel #4 2.0 2.52 Channel
(including) 1.0 4.74
Bonanza JJD047 0.8 2.17 Rock chip
Albion JJD578-580 1.4 10.80 Rock chip
(including) 0.3 45.66
Albion JJD581 0.7 5.77 Rock chip

Sampling reported in this release was carried out during initial reconnaissance, orientation mapping and soil anomaly investigation and does not represent a comprehensive sampling program. Further detailed sampling will be required to fully evaluate the potential of the Albion and Bonanza Pass prospects. Planned follow up work includes extended geochemical soil sample grids, further geological mapping, channel sampling, trenching and diamond drilling at Albion, Dubrovnik and Bonanza Pass.

Samples were collected by Astral staff and submitted to Acme Analytical Laboratories Ltd, Vancouver for analysis. 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 Terry, P.Geo., Director and Vice President of Exploration for Astral Mining Corporation, 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.


Mr. Manfred Kurschner, President & CEO

(1)British Columbia Ministry of Energy and Mines Assessment Report 14330, Prominent Resources, 1985

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 13

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