Astur Gold Corporation

Astur Gold Corporation

September 18, 2013 08:00 ET

Astur Gold Commences Drilling at Salave

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2013) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce that the Company has commenced drilling on its 100% owned Salave Gold Project in Asturias, Spain. The drill program will provide additional information for the on-going Feasibility Study, which commenced in June 2013.

Astur Gold will be drilling to follow-up on mineralization that remains open along strike and at depth with a goal to increase the size of the mineral resource. Salave has not been drilled since 2005 and that last program ended in high grade mineralization. This drilling also targets an area where the current drill spacing is greater than 50 meters in order to increase resource confidence and potentially convert inferred resources to the measured and indicated categories. Astur Gold will also obtain fresh mineralization to complete metallurgical testing and process design.

The Company will update the market with results as they become available.

Robert J Fraser P.Geo. of R. J. Fraser Mineral Exploration Inc., an independent Consulting Geologist and Qualified Person ("QP") as defined by NI 43-101, has approved the content of this news release.


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 received approval for an underground mine from the Commission for Environmental Affairs of the Principality of Asturias in November 2012 and is completing additional requirements for the processing plant, water discharge, and tailings licenses. The Company 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.


Cary Pinkowski, Chief Executive Officer, President and Director

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

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian and United States legislation. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future activities on the Company's properties; permitting time lines and requirements; requirements for additional capital; and planned exploration and development of properties and the results thereof. Forward-Looking Information can be identified by the use of words and phrases such as "plans", "expects", "scheduled", "estimates", "intends", "anticipates", "potential", "could", "would", "might" or "will be taken", "occur" or "be achieved". In making the forward-looking statements in this news release, the Company has applied several assumptions including, but not limited to, certain assumptions that the current exploration and other objectives concerning the Salave Gold Project can be achieved and that the Company's other corporate activities will proceed as expected; that the current price and demand for gold will be sustained or will improve; that the general business, economic and political conditions will not change in a materially adverse matter and that all necessary governmental approvals will be obtained in a timely manner and on acceptable terms.
Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, risks related to the availability of financing on commercially reasonably terms; changes in exploration programs based upon results of exploration; changes in estimated mineral resources; future price of metals; availability of third party contractors and equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; environmental risks; community relations; delays in obtaining governmental approvals or financing; fluctuations in mineral prices; the nature of mineral exploration and mining and the uncertain commercial viability of certain mineral deposits; government regulations and the ability to obtain necessary licenses and permits; currency fluctuations; changes in environmental laws and regulations which may increase costs of doing business and restrict operations; risks related to dependence on key personnel; and estimates used in financial statements proving to be incorrect; as well as those factors discussed in the Company's public disclosure record. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Statements.

Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect any events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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