|Jun 06, 2007|
JOINT VENTURE - Update on Jumping Josephine Drilling Program
Vancouver, BC - Kootenay Gold Inc. ("Kootenay") (TSX-V: KTN) and its joint venture partner Astral Mining Corporation ("Astral" or the "Company") (TSX-V AST), are pleased to provide an update on the ongoing Phase I diamond drilling program on the Jumping Josephine (JJ) gold project in southeast British Columbia. Astral is earning a 60% interest in the JJ Project from Kootenay (see April 12, 2006 news release). At the JJ Main discovery zone 1,461m in 20 holes have been completed along 5 fences, testing the gold-bearing quartz stockwork zone over a strike length of 180m and to a vertical depth in excess of 100m. Surface trenching on the stockwork zone during 2006 by Astral Mining returned channel sample intersections of up to 31.19 g/t gold over 7m, including 133.91 g/t gold over 1m (see Astral's December 14th 2006 news release). Core logging, cutting and sampling is proceeding and samples from half of the holes have now been submitted for analysis. Results will be released in batches as they are received.
The drill has now been moved to the Bonanza Pass target on the southern part of the JJ property where the first of 2 planned holes is underway, testing gold soil anomalies along strike from high-grade quartz veins. Afterwards 4-5 holes are planned for the Albion target in the central portion of the property. A program of trenching, soil sampling and geological mapping will commence once the Phase I drill program is completed. A Phase II expanded drill program is planned for later in the summer once all results from the current phase of drilling are received and analyzed. Permitting for the Phase II program is underway.
Astral Mining Corporation, managed by the Grosso Group, is a Canadian-based company engaged in the exploration and development of precious metal properties in North America. By focusing on exploration in mining-friendly districts, the Company minimizes the political and social risks encountered in many other parts of the world. With a new gold discovery at the Company's Jumping Josephine Gold Project in Southern British Columbia currently being drilled for the first time, and an experienced technical team and seasoned management, Astral is poised to leverage this expertise into early exploration success. Further details on Astral Mining Corporation and its high-quality portfolio of exploration projects can be found at www.astralmining.com.
Kootenay is an emerging exploration Company actively developing a suite of premier gold and silver projects in British Columbia, Canada and Mexico. The Company's top priority remains the ongoing aggressive development of its rich Promontorio Silver project, which encompasses the former producing Promontorio Silver Mine in Northwest Mexico. Supported by an experienced and accomplished technical team, over the past four years Kootenay has substantially grown its mineral asset base through key acquisitions, while successfully achieving four new mineral discoveries in the Rossland Republic Gold Trend of British Columbia.
For additional information, please contact:
James McDonald, CEO at 403- 238-6986 or
Ken Berry, President at 604-683-2214; 1-888-268-8688; www.kootenaygold.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
You can view the Next News Releases item: Thu Jun 14, 2007, <html><FONT COLOR="0066CC"><b>JOINT VENTURE - </b></font></html> Drills 9.95 g/t Gold over 10m on Jumping Josephine Gold Project
You can view the Previous News Releases item: Mon Jun 4, 2007, <html><FONT COLOR="0066CC"><b>JOINT VENTURE - </b></font></html> Astral Options Property Adjacent to Jumping Josephine
You can return to the main News Releases page, or press the Back button on your browser.