Gold Summit Corporation

Gold Summit Corporation

April 25, 2007 13:59 ET

Gold Summit/Astral JV Starts Drilling at Saluda, South Carolina

RENO, NEVADA--(CCNMatthews - April 25, 2007) - Gold Summit Corporation, (TSX VENTURE:GSM) and JV partner Astral Mining Company (TSX VENTURE:AST) today started core drilling on the Rinehart lease in the Saluda Area, South Carolina. Initially, 3 holes and a total of 500 meters are planned to test an outcropping quartz vein carrying visible gold and a prominent, surrounding gold soil anomaly.

Defined by a 100 ppb contour, the heart of the soil anomaly measures approximately 100m by 150m and contains individual values ranging between 130 and 656 ppb Au. In a small pit on the east side of the anomaly, a prominent NW striking quartz vein outcrops. Visible gold seen in several hand samples collected from the vein and in adjacent float were confirmed by assays that range between 3 and 144 g/t Au. More details of the soil and rock chip results from the Rinehart prospect are given in the GSM news release of December 13, 2006.

Gold prospecting in the Saluda Area dates back to the early 1800's when alluvial gold was mined and shallow prospecting exposed gold bearing quartz veins. A that time the relative ease of alluvial mining with slave labor provided no incentive to develope individual veins. The planned drilling is the first ever on the property.

Host rocks underlying the Rinehart soil anomaly are typical of the Lower Palaeozoic island arc volcanic and sedimentary suite that underlies the goldfields of the Southeastern United States. These rocks form a linear belt extending from Virginia to Georgia that contain at least 400 separate gold showings of record. The belt has seen little, if any, concerted exploration for high grade, greenstone style, underground gold deposits, although a number of open pit deposits, notably Ridgeway, produced in recent years.

The GSM/Astral agreement, announced on March 13, 2007, allows Astral to acquire a 51 % interest in any property within the Saluda Area and the Bear Creek Area in North Carolina after expenditures of US $300,000. Thereafter, Astral may earn an 80% interest in a designated prospect by placing a mine into production.

In other news, infill soil sampling on the Monte Cristo property in Nevada began this week and negotiations with two separate contractors for both RC and core rigs, to start drilling in June, are underway.

Ronald D McDaniel, BSc., MSc., a registered Professional Geologist in the State of North Carolina, is designated as the Qualified Person supervising Gold Summit's technical work in the eastern United States.

Visit our web site at and see the video interview with Dr Taylor provided by Mining Interactive (

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

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