December 07, 2012 06:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2012) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce that it has revised the processing design at its Salave gold project to eliminate the use of cyanide. The Company decided to discard the planned pressure oxidation and CIL circuits and instead produce a high grade flotation concentrate for shipment to a smelter. Astur Gold is currently in discussions with several smelters.
"We are committed to creating one of the most modern and environmentally friendly mines in the world. The flotation process is commonly used in many operations throughout Spain. We believe this transition will have a positive effect on the project by reducing the environmental impact and the capital costs required to reach production," stated Astur Gold President & CEO Cary Pinkowski.
The Company believes that the removal of cyanide from the Salave mine plan will serve to alleviate remaining environmental concerns and allow for rapid advancement of the environmental approval process for the plant and tailings pond.
ABOUT ASTUR GOLD
Astur Gold is developing its 100% owned Salave Gold Project in Asturias, northern Spain, which is one of the largest undeveloped gold deposits in Western Europe. The Company recently received approval for an underground mine from the Commission for Environmental Affairs of the Principality of Asturias in November 2012, and plans to move towards production at Salave as soon as possible. Astur Gold is working to build a partnership with the people of Asturias to generate sustainable economic benefits for the region while balancing the needs of environmental protection and social community development.
ON BEHALF OF THE BOARD
Cary Pinkowski, Chief Executive Officer, President and Director
Mineral resources that are not mineral reserves do not have demonstrated economic viability. This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Astur Gold Corp.Vadim Dubchak604firstname.lastname@example.org
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