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News Releases

 
Nov 04, 2010
JOINT VENTURE - Drill Results Identify Parallel Zone at Jumping Josephine Gold Project

Vancouver, BC - Kootenay Gold Inc (TSX-V KTN) ("Kootenay") and Astral Mining Corporation (TSX-V AA, AA.WT) ("Astral" or "the Company") have received assay results from 31 holes (5,052 metres) completing the 2010 drilling program at the Jumping Josephine (JJ) Gold Project in southern British Columbia.

Drilling has increased the known extent of the structure hosting the JJ Main gold discovery to 2.25km and identified an additional mineralized zone 300m northwest of JJ Main. The newly identified "Cedar Prospect" is blind at surface and is a successful application of geophysics and geochemistry. All samples have been returned and results are summarized below, Astral is currently reviewing the data from JJ to plan future work on the project .

Drilling on the JJ Project in 2010 targeted three main areas around the JJ Main Gold Discovery: 1) the extension of the JJ Main structure/Highway showing; 2) JJ Main parallel zones northwest and southeast of known mineralization and 3) a single hole tested for a potential northerly plunge to the JJ Main zone. In addition three holes were drilled at the Big Sheep soil geochemical anomaly, 5km southwest of JJ Main. A map of the hole locations and full analytical highlights can be found at the following link;

www.kootenaygold.ca/s/JJ.asp

JJ Main Extension --Mineralization at the JJ Main discovery zone is hosted within a structural zone known previously to be at least 900m long. New drilling confirms the structure extends for over 2km, suggesting that stockwork veining seen at the highway showing and JJ Main occur along the same structure. The 2010 drilling program stepped southwesterly along the structure, initially at 120m intervals, intersecting stockwork veining in all holes along the projected structure. Highlights include 2.98m averaging 1.35g/t (grammes per tonne) gold from 10JD113, 13.21m averaging 0.57g/t gold from 10JD114 and 11.56m averaging 0.42g/t gold from 10JD133. Analytical results from the 2010 wide-spaced drilling program confirm the strike extension of the mineralized structure and provide Astral a framework for targeting flexures and other structurally favourable targets along the trend.
Three holes were drilled beneath the highway showing, two intersected anomalous gold values (see table) in a 5m wide weakly mineralized zone hosted by monzonitic intrusive rocks. Alteration is similar to that at JJ Main, characterized by seritcitization and gold values up to 5g/t from surface grab samples.

JJ Parallel Zones --Two holes targeted the southeastern parallel zone (Ford Zone) intersected in 2008. Hole 10JD107 intersected quartz stockwork with arsenopyrite-pyrite returning 2m averaging 0.44g/t gold. Drilling on the northwestern parallel zone (Cedar Zone) targeted aeromagnetic and soil anomalies in an area of no outcrop. Results of 0.5m of 2.90g/t gold from 10JD117 and 1.73m averaging 1.60g/t gold from 10JD118 were returned from arsenopyrite/pyrite mineralized quartz stockwork and vein breccias, suggesting the presence of an additional JJ Main style zone on a parallel structure that does not outcrop at surface. The presence of newly-identified mineralization in this setting encourages drill testing of additional targets.

JJ North Plunge -- a single hole was drilled beneath the JJ Main showing and targeted a potential northerly plunging shoot. This hole intersected a broad zone of quartz veining over a downhole length of 53m from 146.2m. Within this broader zone of veining results include 0.99m of 0.48g/t gold and 3.88m of 0.34g/t gold.

Big Sheep --Drilling at Big sheep targeted an arsenic/gold soil anomaly identified in 2009 and refined in 2010. To date results from one of the three holes are available with no significant intercepts.
Table 1: Analytical Highlights from 2010 JJ Drilling Program

Hole ID

From (m)

To (m)

Interval

Au (g/t)

JJ Main Extension

 

 

 

10JD105

89.00

94.00

5.00

0.34

10JD108

192.54

195.91

3.37

0.61

10JD109

165.46

169.46

4.00

0.62

and

176.46

177.46

1.00

1.08

and

181.46

184.46

3.00

0.66

10JD110

236.48

239.48

3.00

0.57

10JD111

290.21

292.21

2.00

0.32

10JD112

no significant results

 

 

10JD113

72.82

75.80

2.98

1.35

10JD114

81.16

94.37

13.21

0.57

inc

81.16

82.16

1.00

1.16

inc

90.70

91.70

1.00

1.33

10JD122

no significant results

 

 

10JD123

106.50

110.33

3.83

0.41

10JD124

no significant results

 

 

10JD133

96.56

108.12

11.56

0.42

10JD134

78.44

81.2

2.76

0.53

Parallel - East of JJ Main (Ford)

 

 

10JD106

no significant results

 

 

10JD107

119.53

121.53

2

0.44

Parallel - West of JJ Main (Cedar)

 

 

10JD115

no significant results

 

 

10JD116

no significant results

 

 

10JD117

12.90

13.40

0.50

2.9

10JD118

14.77

16.50

1.73

1.6

10JD128

no significant results

 

 

10JD129

no significant results

 

 

10JD130

25.53

26.60

1.07

0.3

10JD131

no significant results

 

 

10JD132

33.68

34.70

1.02

0.35

Highway Showing

 

 

 

10JD119

51.19

52.19

1.00

0.36

10JD120

no significant results

 

 

10JD121

45.41

48.41

3.00

0.26

Big Sheep

 

 

 

 

10JD125

no significant results

 

 

10JD126

no significant results

 

 

10JD127

no significant results

 

 

JJ Main North Plunge

 

 

 

10JD135

183.42

184.41

0.99

0.48

and

190.68

194.56

3.88

0.34




Astral has also completed 11 trenches totaling 646m at the Big Sheep, Highway, Hillside and Siren showings. No significant high-grade results were encountered and further work including expanded soil grids and surface rock sampling has now been completed on these prospects with the aim of defining additional drill targets.
The Jumping Josephine Gold Project is owned 60% by Astral Mining and 40% Kootenay Gold Incorporated (TSX.V KTN). Astral has entered into an agreement whereby it can earn 100% of the project (see news release dated January 22, 2010).

SAMPLING, ASSAYING AND QA/QC
All samples taken during 2010 exploration program are submitted to Eco Tech Laboratory Ltd, Kamloops. Routine drill and rock analyses are run for a 30 gram fire assay for gold and multielement package, aqua-regia digest and ICPOES finish. Any drill core intersecting mineralized quartz stockwork may contain coarse gold and as such is run for 1000 gram metallic screen fire assay rather than standard fire assay for gold. Astral incorporates its own standards and blanks in the sample sequence as part of ongoing QA/QC control. Technical details contained in this news release have been reviewed by Dale Brittliffe, P.Geo., a Qualified Person as defined in National Instrument 43-101 and Astral's Exploration Manager.

ABOUT ASTRAL
Astral Mining Corporation is a Canadian 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 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.

ABOUT KOOTENAY
Kootenay is an emerging exploration Company actively developing several mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Numerous joint-venture partnerships maximize the potential for new discoveries. The Company's top priority remains the ongoing development of its Promontorio Silver project in Sonora State, northwest Mexico, which encompasses the former producing Promontorio Silver Mine. Further details on Kootenay Gold and its portfolio of exploration projects can be found at www.kootenaygold.ca.

-30-
For additional information, please contact:
James McDonald, CEO and President
at 403-238-6986
Ken Berry, Chairman at 604-601-5652; 1-888-601-5650
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. 2010 Number 23
 
 

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