Originaltext
Diese Übersetzung bewerten
Mit deinem Feedback können wir Google Übersetzer weiter verbessern
Home
Kingman Minerals Ltd.
Astorius Resources Receives Geophysical Report with Recommendations for Its Babine Copper-Gold Property, BC
Published Nov 2 2011
3 min read

Astorius Resources Receives Geophysical Report with Recommendations for Its Babine Copper-Gold Property, BC

Astorius Resources Receives Geophysical Report with Recommendations for Its Babine Copper-Gold Property, BC

(via Thenewswire.ca)

Astorius Resources Ltd. (ASQ -- TSX Venture) ("Astorius") is pleased to report that Peter E. Walcott and Associates has submitted its final geophysical report on a 2,845 line kilometer helicopter borne magnetometer survey flown over Astorius's entire Babine mineral 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.

The purpose of the survey was to define major structures, and to highlight potential intrusive bodies in the search for copper-gold mineralization. In the Babine area alkali porphyry copper-gold mineralization is known to occur in the margins of magnetic highs in association with iron-oxides enriched intrusions.

The report notes that preliminary indications suggest that the survey has defined structures and intrusive bodies that could host important copper and gold mineralization. As the area is mostly covered by thick overburden the report recommends that follow-up work should include geochemical sampling and reconnaissance induced polarization surveying. A budget of $200,000 is anticipated for the first phase of work.

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 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 governments.

Astorius geologists are compiling historic information on the Babine area and have discovered a number of target areas on the claims that were generated by regional government surveys. The airborne geophysical survey will assist Astorius geologists to prioritize these targets for ground follow up. Mr. Perry Grunenberg P.Geo, of PBG Geoscience, is the Company's supervisor for the Babine Project and is the "Qualified Person" for the purpose of National Instrument 43-101.

FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Relations -

Tel: 604.618.1758 e-mail: mpowell@astoriusresources.com

Fax: 604.277.0815 website: www.astoriusresources.com

ASTORIUS RESOURCES LTD.

T.J. Malcolm Powell

President

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

Copyright (c) 2011 Thenewswire.ca - All rights reserved.