Astur Gold Files Amended Preliminary Economic Assessment
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 21, 2013) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") announces that further to its news release of September 13, 2013 the Company has now filed an amended preliminary economic assessment ("Amended PEA") of its Salave Gold Project dated February 12, 2011 on www.sedar.com. The Amended PEA is responsive to comments received from staff at the British Columbia Securities Commission and is now compliant with NI 43-101 (Standards of Disclosure for Mineral Projects).
In particular, the Amended PEA provides for greater detail regarding the Qualified Persons and their qualifications, the removal of certain limits on reliance, and the inclusion of further detail regarding the calculations of the mineral resources and the tax structure. The principal conclusions of the Amended PEA are generally consistent with the original PEA disclosed in the February 16, 2011 news release.
The Company reiterates that the Amended PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and that there is no certainty that the preliminary economic assessment will be realized.
Astur Gold is in the process of conducting a Feasibility Study ("FS") as announced in the Company's June 26, 2013 news release. The Company will announce the results of its FS upon completion.
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.