Spanish Protestors Demand Gold Mine

SOURCE:[Prospecting News] - Astur Gold (AST-TSX) is developing the high grade Salave Gold Project 3 km from the town center. After two years of consultation, town hall gatherings and independent surveys, the 3,900 people who live in Tapia are now waiting for the Government of Asturias to green-light the mine. With a 50% youth unemployment rate, support for the mine is estimated at 80%. Image:

“The residents are overwhelmingly in favour of this project” stated Magdalena Gómez Marentes, a 28-year-old unemployed mother, “The Salave Gold Mine will create many direct jobs, and give a great benefit to the existing businesses in Tapia”. Construction of the mine is expected to create 850 jobs. Once operating, the mine will generate 250 direct jobs and another 250 indirectly. Astur Gold will pay a royalty of 3% of the capex of the mine to the town of Tapia, which will eliminate half the town’s current debt. One pro-mine protestor commented in the Spanish press: “It is very sad to live a life of misery on a bed of gold.” “I’ve been very clear with the people of Tapia that I cannot build this mine without their support,” explains Astur Gold CEO Cary Pinkowski, “Our technical team relocated from Oviedo to work directly in the village of Tapia. Throughout the construction and operation of the mine, our commitment is to hire as many local employees as possible.” Salave project drill highlights include: 37 meters of 16g/t, 22 meters of 38g/t, 18 meters of 29g/t and 62m of 5g/t. PROJECT HIGHLIGHTS - Six concessions totaling 686ha and an investigation permit for additional 2765ha

- Advanced stage gold asset with a NI 43-101 compliant mineral resource estimate containing 1.7 Million oz Au Measured & Indicated and 338 thousand oz Au Inferred

- Drilling to date totals 64,377m in 430 holes (235 diamond drill holes)

- Previous metallurgical tests indicate recoveries in the order of 90%

- Excellent mining infrastructure in the region due to a long history of coal mining

- Access to power, water, and roads

- Great exploration potential with 4 principal high grade zones of gold mineralization

- Open at depth and additional areas to the West that have never been tested.

Astur Gold recently hosted a ceremony in Tapia for 300 graduates of its health and safety program. Community support has risen steadily to over 80%. Astur Gold has received over 7,000 resumes. The Salave and other areas in Asturias have a long history of gold mining dating back to the first century A.D. Banners at the demonstration read, “”For our future” “We want to work!” “Yes on Salave gold mine.” The Regional Minister of Development, Planning and Environment, Belén Fernández, has promised a decision on the Salave EIA by the end of November, 2012. A positive decision will trigger the commencement of mine construction. Roberto Hartasánchez, President of the Environmental Organization FAPAS with over 17,000 members stated in May, 2012, “Astur Gold’s underground plan is fully compatible with environmental values of the region.” In 2012 Spaniards withdrew more than 100 billion euros from national banks and 30,000 Spaniards registered to work in Britain. “It seems as if everyone I know in Spain is getting on an EasyJet to come to London and open a bank account,” stated a London Banker. For those unwilling to leave, the Salave Gold Project is a beacon of light. “Nothing is going to shut us up”, declared pro-mine demonstrator Juan Carlos Bermúdez, a 41-year-old construction worker, “I have a wife and a daughter and I need to work".

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