Mr. Cary Pinkowski reports
ASTUR GOLD FILES AMENDED PRELIMINARY ECONOMIC ASSESSMENT
Further to its news release of Sept. 13, 2013, Astur Gold Corp. has now filed an amended preliminary economic assessment of its Salave gold project dated Feb. 12, 2011, on SEDAR. The amended PEA is responsive to comments received from staff at the British Columbia Securities Commission and is now compliant with National Instrument 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 Feb. 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.
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