Astral Intersects 1.98 m of 17.8 g/t Gold at Saluda Gold Project, South Carolina
Wednesday, July 11th, 2007
Astral Mining Corporation and JV Partner Gold Summit Corporation are pleased to report further assay results from quartz veins intersected in core drilling on the Rinehart Property of the Saluda Gold Project, Saluda County, South Carolina. A total of 525m in 6 holes have been completed along a 135m long segment of a northwest-trending shear zone containing several sub-parallel gold-bearing quartz veins dipping southwest at approximately 45Â°. The property has potential to host both high-grade lode and bulk-tonnage type gold deposits.
The Main Vein, first identified and sampled in a prospect pit (3.4 to 144 g/t gold), has been intersected by Hole S1 (14.4 g/t Au over 2.16m and 7.8 g/t Au over 1.95m in duplicate intersections) 55m to the northwest (reported May 24, 2007 News Release) and now in vertical hole S4 which intersected 1.98m (drilled interval) assaying 17.8 g/t Au, 75m northwest of the Prospect Pit.
Where intersected, the Main Vein has an interpreted true width of 1.3m; it strikes to the northwest and dips at approximately 45Â° to the southwest. While the Main Vein does not appear to extend to the southeast, potential exists for extensions to the Main Vein down-dip and along strike to the northwest. Significant potential for parallel mineralized veins also exists. Additional sampling of altered felsic and mafic schist host rocks is in progress to determine if broader mineralized zones occur between the veins, as is suggested by historical trench sampling (1.4 g/t Au over an interval of 56.4m in channel samples from weathered, altered, volcanic rocks – see May 24, 2007 News Release). Once all assays have been received, the Company will be finalizing its plans for the next stage of work on the prospective Saluda Gold Project.
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