JUMPING JOSEPHINE - GOLD & SILVER PROPERTY

Ownership: 

Jumping Josephine Joint Venture (West):

60% Astral Mining Corp

40% Kootenay Gold Inc

Jumping Josephine East:

100% Astral Mining Corp

(made up of - Columbia-Rossland, Blueberry and Ridge Claims)

Jumping Josephine is a large, continguous claim holding which covers a total 37,000 hectares in the West Kootenay region of southeastern British Columbia. The area is within a mining district boasting historical production in excess of 9 million ounces of high-grade gold. Located on crown land in the Blueberry-Paulson summit area, the property is located close to industry and existing infrastructure. Bisected by the paved Highway 3, Jumping Josephine is approximately 40km north of Teck-Cominco's smelting operations in Trail.

The property may be broken into two groups. The original 11,667 hectare property is made up of 24 claims and is operated as a 60/40 joint venture between Astral Mining and original property holder Kootenay Gold Inc. A second group of claims, continguous with the original JJ claims was acquired by way of three separate option agreements from a third party. Ownership of the Columbia-Rossland and Ridge claim groups has now been transferred to Astral and the Blueberry group is due to be transferred on receipt of a final payment in mid 2011.

Gold mineralization is constrained within a moderate to steeply dipping silicified and sericitized quartz stockwork zone hosted within Jurassic aged monzonites. The stockwork zone exhibits multi-phase veining within a significant northeast striking fault/shear zone and ranges in true width from 1-2 metres up to 12m. The mineralized zone is cut by low angle, north-south trending extensional faults often occupied by syenite (Coryell suite) or lamprophyre dykes. Maximum observed displacement on these faults can reach 20m but is typically less than 5m. Visible gold is often observed in the higher grade intercepts and mineralization is associated with arsenopyrite, pyrite, sphalerite, galena ± molybdenite.

Astral is pursuing an intrusive-related gold model on the property and is focusing on the Jurassic and Eocene age intrusive rocks known to host gold mineralization. A roughly circular magnetic anomaly centred below the JJ Main stockwork zone suggests a buried stock up to 2km in diameter, possibly representing a porphyry style mineralizing system. Independent 43-101 reports on the property have been completed and are available here.