ASQ Astorius Resources Ltd

VANCOUVER, Nov. 16 /CNW/ -- Symbol "ASQ": TSX Venture Exchange VANCOUVER, Nov. 16 /CNW/ - Astorius Resources Ltd. ("Astorius") has expanded its mineral tenure within its Babine Project area.  The newly acquired claims were sold to Astorius for a cash purchase of $8,000.  The claims lie within the Astorius-Babine project area, 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 staking of 24 British Columbia mineral claims covering an area of 6,782.42 hectares (see Astorius news release dated October 25, 2010). 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 cover several documented mineral occurrences (BC Ministry of Mines Minfile records).  These wide spread occurrences have a well documented history of exploration. The Trek copper occurrence, also known as the Hag or Red, is a showing of pyrrhotite, chalcopyrite, pyrite and magnetite associated with veining within a 30 metre wide shear zone.  The Ketza copper occurrence contains pyrite, chalcopyrite and magnetite in fractured andesite tuffs and breccias.  The Mag copper-lead-zinc occurrence is a mineral showing with galena, sphalerite, chalcopyrite and pyrite in veining within a shear zone. 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 recent accumulation of mineral claims in the Babine project area 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. ASTORIUS RESOURCES LTD. T.J. Malcolm Powell President Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release. To view the Babine property claims map, click here: www.astoriusresources.com/i/maps/Astorius-Claims-Map_Nov-2010.jpg p/p p align="justify"Investor Relations -/p p align="justify"/p table border="0"trtdTel: 604.618.1758  /td tde-mail:    a href="mailto:mpowell@astoriusresources.com"mpowell@astoriusresources.com/a/td/tr trtd align="left" valign="top"Fax: 604.277.0815  /td tdwebsite:  a href="http://www.astoriusresources.com"www.astoriusresources.com/a/td/tr/table

Copyright