Astur Gold Corp.

Astur Gold Corp.

January 31, 2011 09:16 ET

Astur Gold Announces Strong Local Support for Salave Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2011) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce the results of an independent survey of five communities near the Salave Gold Deposit in Asturias, Spain.

Results show that of those who have an opinion on the issue, 74.4% are in favor of developing the Salave Gold Deposit. Furthermore, 37.4% of those who oppose Salave stated that their opinion could change depending on how the mine plan and development are carried out.

Astur Gold CEO Cary Pinkowski commented, "Astur Gold is listening to the communities of Western Asturias. These surveys are very important to give the majority of people who are in favor of an environmentally friendly, modern mine a voice. The community is very concerned about youth emigration due to lack of local employment opportunities. A regional newspaper recently published that youth unemployment is over 40%. We will continue to work very closely with all stakeholders in the region as we move Salave towards production."

The majority of those polled (76.4%) believe that the new mine development will boost the region economically and 76.2% believe that it will generate direct and indirect stable employment. In response to what the main problems of Western Asturias are: 77% said lack of employment and jobs, followed by the lack of industrial activity (48%).

When asked for their suggestions if the development of the project proceeds, 26.8% insist on legal compliance in order to guaranty the minimum possible impact on the environment and 25.4% insist that jobs generated by the development of the mine are occupied by the local population. Astur Gold has repeatedly stated the Company's intention to fully comply with all environmental regulations and employ local labor at Salave.

The survey was conducted December 13th to December 17th for the municipalities of Vegadeo, Castropol, El Franco, Navia and Coaña. In total, 500 residents of these five municipalities were interviewed: 274 men (54.8%) and 226 women (45.2%). The sampling error margin is 5% and the confidence level is 95%. The age range data is consistent with the trend of population aging in the area: the majority of respondents are between 35 and 54 years (41%), followed by 65 years (20%), then between 55 and 64 (19.2%) and finally between 20 and 25 years (17.2%). The survey was conducted by Novacom, an independent communications consulting firm based in Navarra, Spain.


Novacom was founded with the aim of creating effective communication channels between companies/institutions and their audiences. It has become the largest communications consulting firm in Navarra and works with clients both nationally and internationally. Novacom employs a team with experience in roles as various media and other communications consultants.


The Company is developing its 100% owned Salave Gold Project in northern Spain. Salave is one of the largest undeveloped gold deposits in Western Europe. The property has a NI 43-101 compliant mineral resource estimate containing 1,683,000 oz of gold in the Measured & Indicated category (2,155,000 tonnes grading 3.88 g/t Au Measured and 15,790,000 tonnes grading 2.79 g/t Au Indicated) with an additional 338,000 oz of gold in the Inferred category (3,770,000 tonnes grading 2.8 g/t Au). Salave is subject to NI43-101 report, "Technical Report on Salave Gold Deposit, Spain", dated March 5, 2010 available on SEDAR.

There is excellent exploration potential at Salave, with four of the principal high grade zones of mineralization open at depth. Additional exploration areas to the west have also yet to be tested. Previous metallurgical tests indicate gold recoveries in the order of 90% are possible. The region boasts excellent infrastructure and a history of mining that will help support future mine development. Astur Gold is advancing Salave towards production and cultivating an enduring partnership with the people of Asturias in developing economic prosperity for the region.


Cary Pinkowski, Chief Executive Officer and Director

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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.

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