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Astorius Enters into an Option Agreement to Acquire Mineral Concessions in the Taca Taca District, Salta, Argentina.
(via TheNewswire) Vancouver, British Columbia / TheNewswire / November 14th, 2017 ...
About this update from Kingman Minerals Ltd.
[{"type":"text","content":"Astorius Enters into an Option Agreement to Acquire Mineral Concessions in the Taca Taca District, Salta, Argentina.(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / November 14th, 2017 - Astorius Resources Ltd. (TSX-V: ASQ, Frankfurt: 47AF) (\"Astorius\" or the \"Company\") is pleased to announce it has entered into an option agreement to acquire 100% in 2 mineral concession in the Taca Taca District, in Salta, Argentina (Map). \n\n\n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nTwo effusive monogenic centers are almost entirely situated within the confines of the mining concession and cover approximately 1.5 and 2.5km? respectively. The concession is situated in the western part of the Taca Taca District which hosts First Quantum's Cu-Mo-Au porphyry deposit. First Quantum currently has a reported National Instrument 43-101 indicated mineral resource estimate of approximately 21.15 billion pounds of copper (9.6 million tonnes of copper) contained in 2.17 billion tonnes grading 0.44% copper, 0.08g/t gold and 0.013% molybdenum (0.57% copper equivalent) and an inferred mineral resource estimate of approximately 7.55 billion pounds of copper (3.4 million tonnes of copper) contained in 921 million tonnes grading 0.37% copper, 0.05g/t gold and 0.012% molybdenum (0.47% copper equivalent), using a 0.3% copper equivalent cut-off. These estimates are defined by 148,000 metres of drilling. The deposit remains open in some areas to depth and along the southern boundary of the northeastern limb.\n\n\n \nConsistent with the abundant historical background information based on systematic sampling and alteration evidence, drillings and assays from the adjoining Taca Taca Alto area there are solid foundations for hosting one or more types of deposits - porphyry Cu-Mo-Au, exotic copper, epithermal style gold and IOCG mineralization. \n\n\n \nAstorius can earn 100% ownership in the mineral claims in the Taca Taca District by paying $50,000 USD upon the signing of the agreement, paying $100,000 USD and issuing 4,500,000 common shares upon TSX Venture Exchange Approval, incurring $275,000 USD in exploration expenditures on an in-depth exploration EIA approval, and $300,000 USD upon acceptance of a NI 43-101 Report by the TSX Venture Exchange or within 18 months. This transaction is subject to TSX Venture Exchange Approval.\n...