Astorius Resources Acquires Claims in the Prolific Babine Lake Area in British Columbia
ASTORIUS RESOURCES LTD.
Suite 2300, 1066 West Hastings Street, Vancouver, BC V6E 3X2 Tel: (604) 618-1758 Fax: (604) 277-0815
October 25, 2010 Symbol “ASQ”: TSX Venture Exchange
ASTORIUS RESOURCES ACQUIRES CLAIMS IN THE PROLIFIC BABINE LAKE AREA IN BRITISH COLUMBIA
Vancouver, BC, October 25, 2010 - Astorius Resources Ltd. (“Astorius”) has filed and acquired 24 British Columbia mineral claims in two properties, covering an area of 6,782.42 hectares (approximately 16,760 acres). The claims are located approximately 70 kilometres northeast of the community of Smithers in the prolific Babine Porphyry Copper/Gold Belt in central British Columbia.
The claims lie adjacent to the Morrison Copper/Gold Deposit owned by Pacific Booker Minerals to the north and the historic Bell and Granisle Mine properties owned by Xstrata Canada Corp. to the south and west.
The Bell 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 of ore. The Granisle 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 plans to carry out geological, geophysical, geochemical prospecting programs over a number of target areas on the properties that were generated by regional government surveys of the area.
The filing of the claims by Astorius was a result of technical advice received from a consultant - and Astorius will issue 100,000 shares in its capital to the consultant as fees for the advice and assistance received from the consultant.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations - Tel: 604-618-1758 e-mail: [email protected] Fax: 604-277-0815 website: www.astoriusresources.com
ASTORIUS RESOURCES LTD.
T.J. Malcolm Powell, President
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