Astorius Resources Ltd. doubles Rainbow Canyon landholding in Nevada, prepares for drilling
Astorius Resources Ltd. doubles Rainbow Canyon landholding in Nevada,
prepares for drilling
Vancouver, BC, April 7, 2017- Astorius Resources Limited (“Astorius”) (TSXV:ASQ) is pleased to report
that it has staked 25 unpatented lode claims covering 203 hectares immediately adjacent to its existing
214 hectare Rainbow Canyon property in Washoe County, Nevada. The location of the new claims is
shown in Figure 1 below.
The claims cover a south-westerly strike extension of the zone hosting gold-bearing veins on the
Rainbow Canyon property, as described in the company’s news release of 8 February, 2017.
As illustrated in Figure 1, nineteen grab rock samples of the veins at surface within the newly-staked
claims reported gold levels above 1g/t Au, seven of which reported levels above 5g/t Au (as documented
in a NI 43-101 report published by Alba Minerals Ltd in 2011).
Astorius has been granted the permits to conduct approximately one thousand meters of reverse
circulation drilling on its gold targets in the north-east half of the Rainbow Canyon property and the
company expects to start that drilling in late April, 2017.
Art Brown, President of Astorius states, "this is the Company’s first step in executing its business plan
and realising the potential of this property. We will continue to update our shareholders on the
progress of this property as results become available."
Qualified Person
Mr. Clinton Smyth, MSc, P. Geo., the Company's Advisor, is the Qualified Person as defined by National
Instrument 43-101 who reviewed the preparation of the technical data in this news release.
About Astorius
Astorius Resources Ltd. (www.astoriusresources.com) is currently engaged in the business of mineral
exploration for the purpose of acquiring and advancing mineral properties located in Nevada and
Ecuador.
About Alba
Alba Minerals Ltd. (www.albaminerals.com) is a company focused on lithium exploration and
development in both North and South America. Alba is Non Arm’s length with Astorius. The same 3
people comprise the majority of the Directors of both companies. Both companies also have common
management. Mr. Smyth, the Company’s Qualified Person is a Director of Alba.
Figure 1: Location of new Rainbow Canyon claims, and historical gold vein sampling results therefrom.
For further information please contact:
Arthur Brown, CEO (604) 662-7902
www.astoriusresources.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements
This news release contains "forward- looking statements," Statements in this press release which are not purely historical are
forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the
future, including but not limited to, statements regarding the Nevada mining claims.
Actual results could differ from those projected in any forward- looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic.
These forward -looking statements are made as of the date of this news release, and we assume no obligation to update the
forward-looking s tatements, or to update the reasons why actual results could differ from those projected in the forward-
looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are
reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.