Fri Jul 13, 2007

Global Market Perspective vs. Astral Mining Corporation

Publisher: www.streetinvesting.com

Jul 13, 2007 (M2 PRESSWIRE via COMTEX) -- Streetinvesting.com is the leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge.

Please visit www.Streetinvesting.com for the full report, additional research and related articles on the company mentioned herein.

Wall Street has been experiencing a rollercoaster week so far, with every closing session carrying a new swing to the bull and bear saga. Investors, still anxious about finding the North Star' for future trading strategies, are scratching the surface for more revealing economic data for the third quarter. As more takeovers sweep the corporate world and positive consumer spending reports for June make the headlines, Dow Jones was set to take its revenge after weeks of uncertainty and hoist the record-breaking banner. The bulls are gaining grounds and pushing forward their philosophy. Astral Mining Corporation (TSX-V: AST) (PINK SHEETS: ASMGF) (FRANKFURT: A7D) (WKN# A0JDX3) closed at $ 0.72 with a trading volume of 93,000 on the Toronto Venture this Wednesday.

Streetinvesting has a network of research-oriented specialists peeling the Canadian Juniors so that you can be provided with the latest list of promising companies. Bearing in mind that the market is made of calculated and unpredictable risks, our contender of the day is Astral Mining Corporation.

On Thursday July 12th, 2007, in a press release Astral Mining Corporation and Kootenay Gold Inc. (TSX-V: KTN) provided results for the second batch of samples, from eleven holes of the 20 hole Phase I drill program completed on the JJ Main Gold Zone, on the Jumping Josephine (JJ) Gold Project in southeast British Columbia. The JJ Main Zone remains open to the south, north and to depth (to see attached long section map, please click on the following link: http://www.ccnmatthews.com/docs/AstralMining.pdf).

Results from HQ diamond drill holes #3 through to #13, include 19m averaging 7.01 g/t gold (62.32 feet at 0.205 opt(i)) from hole 07JD013, which includes 5m averaging 16.42 g/t gold (16.40 feet at 0.479 opt(i)). Based on current information the JJ Main Gold Zone has an estimated true width of up to 12.6m (41.32 feet). Mapping and geochemistry to date suggest that the JJ Main structure may extend for over three kilometres. See Table 1 for detailed results.

Visible gold was observed in 07JD012 and 013 and both are located on the southernmost fence drilled in the Phase I program (see attached long section map). The table below contains a summary of significant intercepts from ten holes recently reported by the assay laboratory. Assays are pending for the remaining 7 drill holes and will be released when received by the Company.

Furthermore, the company reported drill holes #1 and 2 (see June 14, 2007 news release) were submitted for re-assay. Drill hole #1 has now been upgraded by 27% to 10m averaging 12.65 g/t gold.

Based on the results received to date, gold grades and interval widths generally increase towards the south as evidenced by hole 07JD013. To the north drill holes 07JD008 and 009 were collared in quartz stockwork, and lower grades in these holes may reflect an incomplete sample across the mineralized zone.

As stated previously (see June 14, 2007 news release), reject material from the first batch of samples reported on from the Phase I drilling program was submitted to a second laboratory, ALS Chemex in North Vancouver for metallic gold check assays. This work returned a general increase in gold values up to 40.8% (07JD002 between 10-12m). The original interval from 07JD001 of 10m averaging 9.95g/t gold has now been upgraded by 27.1% to 10m averaging 12.65g/t gold. The ALS samples utilized a 1kg sample size, 100% larger than the sample size from the original 500g metallic gold analysis completed by Acme.

With the recent completion of 643.3m in 2 holes at the Bonanza Pass target and 544.2m in 9 holes at the Albion-Dubrovnik targets in the southern part of the JJ property, the Phase I drilling program at on the JJ Projected has been completed. Surface trenching over several new prospects on the JJ Project is now underway and an expanded program of soil sampling and geological mapping will commence by the beginning of August. Ministry of Energy, Mines and Petroleum Resources permitting for the Phase II expanded drill program is complete and is planned to commence later in the summer once all results from the current phase of drilling have been received and compiled. Astral has a diamond drill rig booked for this work.

All drill core samples comprised 1m intervals of HQ drill core halved by diamond core saw. All analytical results reported herein are from 500g samples analyzed using the Metallic Gold method or by 30gm Fire Assay (07JD003) by Acme Laboratories in Vancouver B.C. or 1kg samples analyzed by Metallic Gold method at ALS Chemex in North Vancouver B.C. Observation of gold concentrations in the coarse versus fine fractions from the original analyses prompted Astral to forward mineralized intercepts to ALS Chemex for confirmatory metallic screen analysis using the larger, 1kg sample size.

All analytical work reported herein was carried out by Acme Analytical Laboratories Ltd., Vancouver, or ALS Chemex, North Vancouver, both internationally-recognized analytical service providers. In addition to laboratory standards Astral has included independently-prepared standards into the sample sequence to assure proper quality assurance/quality control (QA/QC). Exploration work reported in this release was completed under the supervision of Astral's Project Geologist Dale Brittliffe, B.Sc. Technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Director and Vice President of Exploration for Astral Mining Corporation, and a Qualified Person as defined in National Instrument 43-101.

Astral is earning a 60% interest in the JJ Project from Kootenay (see April 12, 2006 news release).

Astral Mining Corporation, a member of 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.

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.

The Street is very likely going to experience more volatility until the onslaught of second-quarter earnings reports are all disclosed and digested, and until then economists and stock analysts are being very cautious about any premature third quarter forecast. We will be keeping focus on Astral Mining Corporation as they move forward within their respective exchange. Our aim is to provide you fresh news as they are thrown to the media or other official sources. In the meantime, we invite you to visit our website, www.streetinvesting.com, and take full benefit of our free membership to access future information about Astral Mining Corporation.

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You can view the Next Articles item: Mon Jan 8, 2007, Astral Trenches High-Grade Gold at Jumping Josephine