Astorius Resources Plans Drill Program for Pat Copper-Gold Project, BC
September 15 2009 - 8:00AM
Marketwired
Astorius Resources Ltd. ("Astorius") (TSX VENTURE: ASQ) and Cariboo
Rose Resources Ltd. ("Cariboo Rose") (TSX VENTURE: CRB) are pleased
to report Astorius has signed a drill contract with Phil's Diamond
Drilling Ltd. of Kamloops, BC to complete a drill program on the
Pat mineral property located approximately 15 kilometres east of
Horsefly, in the Cariboo Region of central British Columbia.
The Pat project, encompassing 1,330 hectares, was staked to
cover a prominent magnetic anomaly indicated in government surveys
within the prolific Quesnel volcanic terrane. The magnetic feature
at Pat is approximately 4.0 kilometres across and roughly circular.
The Pat airborne magnetic anomaly is comparable in area and
intensity on government airborne survey maps to the magnetic
feature which occurs at Imperial Metal Corporation's (TSX: III)
20,000 tonne/day Mount Polley copper-gold mine some 35 kilometres
to the northwest. A strong induced polarization (IP) anomaly,
detailed by Cominco Limited in 1990, occurs immediately to the east
of the magnetic anomaly and although drilled without significant
results in 1991, can be reinterpreted as a pyrite halo.
The Pat property is bounded to the south and west by the Woodjam
North property owned by Cariboo Rose and Fjordland Exploration Inc.
(TSX-V: FEX) which recently became subject to an option agreement
with a member of the Gold Fields Limited group of companies (NYSE:
GFI). The Pat property is also located 12 kilometers to the north
of hole WJ-08-84, drilled in 2008 on the Cariboo Rose and Fjordland
Exploration Inc. owned Woodjam South property which intercepted 201
metres grading 1.01% copper and 0.44 g/t gold. Astorius and Cariboo
Rose anticipate drilling four wide spaced holes in the target.
The Pat property is owned by Cariboo Rose Resources and is
subject to an option agreement which gives Astorius the right to
earn a 60% interest in it by completing $1.2 million dollars in
exploration, and paying $150,000 in cash and issuing 200,000 shares
to Cariboo Rose, before July 9, 2011.
ASTORIUS RESOURCES LTD.
T.J. Malcolm Powell, President
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this Release.
Contacts: Astorius Resources Ltd. Investor Relations
604-618-1758 604-687-4212 (FAX) mpowell@astoriusresources.com
www.astoriusresources.com
Astorius Resources (TSXV:ASQ)
Historical Stock Chart
From Oct 2024 to Nov 2024
Astorius Resources (TSXV:ASQ)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Astorius Resources Ltd (TSX Venture Exchange): 0 recent articles
More Astorius Resources Ltd. News Articles