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ASTORIUS RESOURCES COMPLETED AIRBORNE GEOPHYSICAL SURVEY OF ITS BABINE COPPER-GOLD PROPERTY IN BRITISH COLUMBIA
Jul. 6, 2011 (TheNewswire.ca) -- July 6, 2011, Vancouver, BC - Astorius Resources (TSXV:ASQ)...
About this update from Kingman Minerals Ltd.
[{"type":"text","content":"\nASTORIUS RESOURCES COMPLETED AIRBORNE GEOPHYSICAL SURVEY OF ITS BABINE COPPER-GOLD PROPERTY IN BRITISH COLUMBIA\n\n Jul. 6, 2011 (TheNewswire.ca) -- July 6, 2011, Vancouver, BC - Astorius Resources (TSXV:ASQ) Ltd. (ASQ -- TSX Venture)(\"Astorius\") is pleased to announce that GEO Data Solutions GDS Inc. has completed the airborne geophysical survey of Astorius' Babine porphyry copper-gold property located north east of Granisle, in central British Columbia. The survey involved a 2,845 line kilometer helicopter borne magnetometer survey over Astorius' entire Babine property. The survey results will assist Astorius to plan, prioritize and carry out geological, geochemical and prospecting programs over a number of targets on its 31,851 hectare property. Processing of data and interpretation is currently underway. Preliminary indications suggest that the survey has defined structures and intrusive bodies that could host copper and gold mineralization. The final geophysical report is expected to be received by Astorius by mid-July. It will be followed up with further geological and geophysical work in order to define targets for drill testing.The Astorius-Babine project area is located approximately 70 kilometers northeast of the community of Smithers in the prolific Babine Porphyry Copper/Gold Belt. The claims are located adjacent to the Morrison Copper/Gold Deposit owned by Pacific Booker Minerals (TSXV:BKM) (AMEX:PBM) to the northwest and the historic Bell and Granisle Mine properties owned by Xstrata Canada Corp. to the south and west. Over the past year Astorius has been accumulating claims in this region through staking and purchase and is currently the largest mineral tenure holder in the Babine camp.The Bell Porphyry Copper-Gold Mine operated from 1977 to 1992 producing 304,795,539 Kg of copper, 12,885,964 grams of gold and 38,319,730 grams of silver from 77,146,088 tonnes of ore. The Granisle Porphyry Copper-Gold Mine operated from 1966 to 1982 producing 214,299,455 kilograms of copper, 6,832,716 grams of gold and 69,752,525 grams of silver from 52,321,517 tonnes of ore. The Morrison Copper/Gold Deposit has a proven and probable reserve of 224,250,000 tonnes at an average grade of 0.330% Cu, 0.163g/t Au and 0.004% Mo. The deposit is planned for production and has been accepted for review by the federal and provincial gover...