Astorius Resources Plans Drill Program for Pat Copper-Gold Project, BC
September 15 2009 - 8:01AM
Marketwired Canada
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
Astorius Resources (TSXV:ASQ)
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