Astorius Resources is pleased to Announce the Expansion of its Babine Property Holdings In British Columbia


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TSX.V:ASQ
05/04/2011 [ACCESSWIRE]

May 4, 2011, Vancouver, BC – Astorius Resources Ltd. (ASQ -- TSX Venture) ("Astorius") has filed and acquired 38 British Columbia mineral claims, covering an area of 16,769 hectares ( approximately 41,437.6 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.

Astorius has been accumulating claims in this region through staking and purchase. Including this new purchase, Astorius now owns, or holds under option, claims covering an area of 30,426 hectares and 88 claims in the area.

The new claim group covers a trend that was identified from review of Minfile occurrences and Assessment Reports available from the British Columbia Ministry websites. The trend includes the NAK, DOROTHY, and MAST Minfile occurrences that are within claims owned and operated by Copper Ridge Explorations Inc. Copper Ridge reported the results of diamond drilling at the Nak and Dorothy areas, with the best results from hole BB08-04 that was drilled to a depth of 324 metres and averaged 0.12% copper and 0.329 grams per tonne gold throughout its length, including 98.04 metres averaging 0.20% copper and 0.51 grams per tonne gold (Copper Ridge Website). The COPPER 1-4 and the LUCY showings are located approximately 15 kilometres to the southeast along the trend. These showings are listed as copper bearing shear veins. Geologic mapping by the BC Geological Survey indicates strong structural features that connect the Nak, Dorothy and Mast showings in the north to the Copper 1-4 and Lucy in the south. The trend passes through the newly acquired Astorius claims.

The Astorius claim holdings in the Babine camp cover very prospective ground for porphyry copper and gold mineralization. This includes claims surrounding the Bell and Granisle historic mines, and the Morrison deposit. 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 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.  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.

The management is very pleased with the land position in the Babine area and we are looking forward to the 2011 season.

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

 

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