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Astorius to Initiate Exploration in Taca Taca District, Salta, Argentina
(via TheNewswire) Vancouver, British Columbia / TheNewswire / November 24th, 2017 - ...
About this update from Kingman Minerals Ltd.
[{"type":"text","content":"Astorius to Initiate Exploration in Taca Taca District, Salta, Argentina(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / November 24th, 2017 - Astorius Resources Ltd. (TSX-V: ASQ, Frankfurt: 47A) (\"Astorius\" or the \"Company\") is pleased to announces that the Company has initiated an exploration program in Argentina aiming to explore the recently optioned Taca Taca West Property (\"TTW Property\"), located in the Sierra Taca Taca which hosts First Quantum's 3.1 billion ton 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 \nThe TTW property is located approximately 8 km from the First Quantum's porphyry deposit, in the geographic region known as the Puna (High Plateau), in Northwest Argentina, close to the Salar de Arizaro and covers approximately 1,511 hectares (15.11km?, resp. 3,734 acres). The TTW Property consists of a single mineral concession that is part of a large, prolific porphyry-epithermal mineral system located in the homonymous Sierra de Taca Taca. \n\n\n \nSandy MacDougall, Chairman and Director of Astorius says: \"The Company is very pleased to have this exceptional property under our control. It is strategically situated on the eastern flank of the Vega de Arizaro and is regionally surrounded by several rapidly evolving mineral districts which host many advanced stage exploration projects in the Mining Province Salta...\" referring to TacaTaca (First Quantum), Lindero and Arizaro (Fortuna), Rio Grande (Regulus). \n\n \n \nFigure 1: Location Map. Sierra de Taca Taca, Department of the Andes, Salta, Argentina\n\n\n \nThe property is located about 30 km west in straight line to the vi...