Astur Gold has been notified that Gold-Ore Resources has received a superior acquisition proposal from a third party in relation to the proposed transaction between the Company and Gold-Ore. Astur Gold has notified Gold-Ore that they have elected against exercising their right to match, and as such the binding letter agreement between Astur Gold and Gold-Ore has been terminated. Gold-Ore has paid Astur Gold a $2,500,000 [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/27/12 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') has been notified that the Directorate General of Environment of the Principality of Asturias has commenced preliminary consultation work towards an Environmental Impact Assessment Study ('EIA') for Astur Gold's Salave gold project. This preliminary consultation process will last
Astur Gold and Gold-Ore are pleased to announce the joint execution of a binding letter agreement to complete a business combination, whereby Gold-Ore would acquire all of the issued shares of Astur Gold by way of a plan of arrangement. The combined company, to be called “Astur Gold Corp.“, will be a well-funded, growth-oriented gold producer with a portfolio of production and near-term production assets in Sweden and [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/12/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or 'AST') is pleased to announce that the Regional Ministry of Economy and Employment of the Principality of Asturias and the Regional Ministry of Public Works, Territorial Planning, and the Environment of the Principality of Asturias have granted the Company permission to proceed with
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/03/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') has submitted the Exploitation Project Application (the 'Application') to the General Directorate of Mines of the Principality of Asturias as a statutory requirement for the development of its Salave Gold Project in northern Spain. The Application contains a comprehensive review
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/02/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') is pleased to announce the appointment of Mr. Michael Surratt to the Company's Advisory Board.
Mr. Surratt was the Founder, President, and CEO of Mercator Minerals Ltd. (TSX: ML) from its inception in 1998 until his retirement in June 2011, during which time he was responsible
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/15/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') announces success in securing additional concessions totaling 2765 contiguous hectares surrounding its Salave deposit. The Exploration Permit granted by the General Directorate of Mines and Energy of the Principality of Asturias allows Astur Gold to explore for additional gold
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/07/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') announces the submission of initial documentation towards an Environmental Impact Assessment ('EIA') for the Salave gold project. This marks the initiation of environmental activities that will support environmental, industrial and mine permitting at Salave.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/11/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') is pleased to announce the appointment of Mr. Joshua Crumb to the Company's Board of Directors.
Mr. Crumb's most recent role was Senior Metals Strategist at Goldman Sachs, where he analyzed commodity market dynamics, investment strategies, and corporate risk management programs
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/01/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') is pleased to announce that it has been successful in a bidding process for the La Codosera project, consisting of five mining concessions totaling 1,851 hectares (approximately 20km2) in the province of Badajoz, Extremadura Autonomous Region, Western Spain. La Codosera is only
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/31/11 -- Astur Gold Corp. (TSX VENTURE: AST)(FRANKFURT: CDC) ('Astur Gold' or the 'Company') is pleased to announce that it has filed the Preliminary Economic Assessment (the 'PEA') by Golder Associates on its 100% owned Salave Gold Project in Asturias, Spain on SEDAR. It is now available on SEDAR at www.sedar.com as well as on the Company's website at
Highlights:- Pre-tax Net Present Value (NPV) ranging from US$374,000,000 to US$576,000,000 using a base case gold price of US$1,100 per ounce, and a 5% discount rate. - Internal Rate of Return (IRR) ranging from 34% to 54%.
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