Astur Gold Corp. Appoints Joshua Crumb to Board of Directors

Strategic Insights -

Astur Gold Corp. is pleased to announce the appointment of Joshua Crumb to its Board of Directors, bringing exceptional mining expertise and market vision. Crumb's recent role as Senior Metals Strategist at Goldman Sachs demonstrated his ability to analyze commodity market dynamics, investment strategies, and corporate risk management programs. He holds a Bachelor of Science degree in Engineering and a Master of Science in Mineral Economics from the Colorado School of Mines. Crumb's appointment will leverage his strategic insight as Astur Gold becomes a gold producer.

Key Takeaways:

  • Joshua Crumb, former Senior Metals Strategist at Goldman Sachs, joins Astur Gold Corp.'s Board of Directors, bringing expertise in commodity market dynamics and corporate development.
  • Crumb's background in corporate development and market vision will be essential in developing the high-grade Salave deposit and cultivating an enduring partnership with the people of Asturias.
  • Mr. Paul Conibear is stepping down from the Board of Directors, with the Company thanking him for his contribution.
  • Astur Gold has granted Mr. Crumb options to purchase 300,000 common shares, exercisable at a price of $1.75 per share for a period of 3 years.

Statistics:

  • Astur Gold Corp. has a NI 43-101 compliant mineral resource estimate containing 1,683,000 oz of gold in the Measured & Indicated category (2,155,000 tonnes grading 3.88 g/t Au Measured and 15,790,000 tonnes grading 2.79 g/t Au Indicated).
  • The Preliminary Economic Assessment (PEA) on the Salave Gold Project yields an NPV ranging from US$374 Million to US$576 Million using a 5% discount rate, IRR ranging from 34% to 54%, and pre-production capital expenditure payback period ranging from 2.0 to 3.1 years.

Sources:

  • MARKETWIRE via COMTEX
  • TSX VENTURE
  • FRANKFURT: CDC
  • Astur Gold Corporation
  • SEDAR (March 5, 2010)
  • Golder Associates (February 12, 2011)