VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 14, 2014) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to provide an update regarding the Amended Environmental Impact Assessment on the Salave gold project which was submitted by Astur Gold in December 2013.
The Geological and Mining Institute of Spain ("IGME") conducted a study at the request of the Directorate General of Mining and Energy of the Principality of Asturias regarding the effects of the proposed Salave mine operation. The IGME report produced from the study concludes that aquifers will not be affected by the proposed mine operation.
The IGME study was conducted in February and March and focused on the hydrogeological characteristics of soil and water composition of the Lagunas de Silva. From the data obtained, the IGME report concludes that the proposed mine would have little to no effect on the existing water systems and that the application of passive treatment technologies in the Lagunas de Silva areas would likely improve water quality. It also indicates that natural geologic barriers will confine waters to the mine area and not affect surrounding water resources. These barriers are also seen to prevent sea water inflows.
A new 30 day review period for affected parties to comment on this report has commenced and expires on September 10th. The Ministry of Development, Planning and Environment announced that it will take up to 90 days, from early August, to review the new reports. The Company anticipates a decision on the Amended Environmental Impact Assessment for the Salave gold project within this period.
ABOUT ASTUR GOLD
Astur Gold is developing its 100% owned Salave Gold Project in Asturias, northern Spain. Salave 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. Astur Gold is conducting a Feasibility Study on Salave and intends to commence construction upon its completion and receipt of process plant, tailings, and water discharge approvals. The Company is building 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
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. 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.