Astorius Resources Ltd. is a Canada-based exploration-stage company. The Company operates as a junior exploration company, which is principally engaged in the acquisition, exploration and development of natural resource properties. The Company is also engaged in sourcing and exploration of mineral properties in North America.
Astorius Resources Ltd. recently acquired a 100-per-cent interest in the Cadillac East property, located in Val d'Or, in the province of Quebec, from an arm's-length vendor.
The Cadillac East gold project covers approximately 695 hectares in Val d'Or, Que., one of the premier gold camps in Canada. The project is bisected by approximately 1.9 kilometres of the easternmost extent of the Cadillac fault and is approximately two kilometres east of the Exxeter gold deposit. In addition, the Cadillac East project adjoins the northern boundary of a suite of claims acquired by O3 Mining Inc. from Chalice Gold Mines in July, 2019. The project was most recently examined with a 19.9-kilometre ground magnetic survey, consisting of 10 lines with 200-metre spacing. In combination with airborne geophysical data sets, structural lineaments and target zones were successfully identified.
Under the terms of the option agreement, the company will acquire 100-per-cent interest and rights in the property by paying the vendor the sum of $60,000 in cash within five business days following the date of execution of the agreement, an additional $60,000 in cash within 12 months following the execution of the agreement, an additional $100,000 in cash within 24 months following the execution of the agreement, and the company must incur $500,000 in exploration expenditures within 24 months following the execution of the agreement.
Astorius Resources Inc . is a publicly traded company listed on the TSXV under the ticker symbol ASQ. If you are a U.S resident and would like to purchase Canadian securities traded on the TSXV or CSE please open an account at Interactive Brokers (Phone #1-877-442-2757 ) Interactive Brokers is an online discount brokerage that offers U.S residents access to trading Canadian securities. This is not investment advice. Please view the disclaimer found on this website.