- TSX.V: ASQ $0.05
- Frankfurt: 47A.F $0.02
Taca Taca West Property
| Value Proposition | Astorius Resources has a great exploration prospect within the Taca Taca District with a very strategic location and huge upside potential. The property is connected by road and railway and constitutes an inherent part a fresh water reservoir.
|
| Property |
2 mineral concession and cover approximately 1.5 and 2.5 Km respectively. |
| Location | Within the Taca Taca District, in Salta, Argentina. |
| Target Summary | Exploration to host one or more types of deposits, porphyry copper and epithermal style gold mineralization. |
| Ownership | The company has the option to earn a 100% interest in the Taca Taca West Property. |
The Taca Taca West Property is situated in the western part of the Taca Taca District which hosts First Quantum’s 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.
Consistent with the abundant historical background information based on systematic sampling and alteration evidence, drillings and assays from the adjoining Taca Taca Alto area there are solid foundations for hosting one or more types of deposits - porphyry Cu-Mo-Au, exotic copper, epithermal style gold and IOCG mineralization.
"I believe that we are in presence of a great exploration prospect within the Taca Taca District with a very strategic location and huge upside potential. The property is connected by road and railway and constitutes an inherent part a fresh water reservoir; fact that could turn out to be of aggregate value once the extraction activity actually begins" acknowledges Mr. MacDougall, CEO and Chairman of the Company.
Local Context
The Taca Taca District named after the Sierra de Taca Taca is located in the western Puna of Salta, close to the Chilean border. The range comprises uplifted Ordovician granite cut through by younger dyke systems and overlain by posterior volcanic units.
The Taca Taca West property has significant exploration within the world class Taca Taca District in the investor friendly mining jurisdiction of Salta Province.
