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Astur Gold Gains 5% After Six-fold Expansion of Salave Gold Exploration Rights

Astur Gold Corp. (AST.V) is up about 5% today, with shares adding 5 cents to reach $2.00 a share after securing another 2765 contiguous hectares surrounding its Salave deposit in northern Spain, expanding its size by about 600 percent.

The new exploration permit from the General Directorate of Mines and Energy of the Principality of Asturias allows Astur Gold to explore for additional gold resources while the company has committed to invest at least 570,000 Euros (C$812 million) over the next three years to maintain the property in good standing.

Salave is considered one of the largest undeveloped gold deposits in western Europe, containing an estimated 1.68 million oz of measured and indicated gold.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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