Vancouver, BC – March 5, 2008 – Altair Ventures Inc. (TSX-V: AVX) and Full Metal Minerals (FMM-TSX: FMM) are pleased to announce that drilling has commenced at the CJ Gold Project in Alaska.
The CJ Project is a sediment-hosted, structurally controlled, high-grade gold vein system located adjacent to a paved highway. Several historically producing gold mines occur within a structural corridor that currently has a strike length of 3,200 meters and spans 500 vertical meters. Drilling completed by Altair and Full Metal during 2007 confirmed the strike extent of the gold-bearing system (see Altair news release dated December 10, 2007).
This phase of exploration will include a minimum 12 hole, 1,500 meter program, specifically targeting high-grade gold mineralization at the historically producing Dawson Mine. Historic drill results from a limited 1980 Dawson Mine drill program include:
| Hole | Width | Average Grade |
|---|---|---|
| DDH#11 | 2.4 meters | 40.4 g/t Au |
| DDH#15 | 4.9 meters | 9.3 g/t Au |
| DDH#16 | 8.8 meters | 18.7 g/t Au |
| DDH#18 | 6.3 meters | 28.3 g/t Au |
| DDH#20 | 4.0 meters | 8.7 g/t Au |
The CJ Property is well located on east-central Prince of Wales Island in southeast Alaska. The southern boundary of the Property has access to both a high-voltage power line and a state maintained paved highway connecting the community of Craig to a ferry terminal at Hollis.
The 2008 exploration program at CJ will be supervised by Greg Thurow CPG#3403 (Wyoming) with Alaska Earth Sciences, an Anchorage-based Consulting Group and a Qualified Person as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one-half placed in sealed bags, and delivered to ALS-Chemex Labs facility in Vancouver, B.C. A sample quality control/quality assurance program is planned. Contents of this release were written and approved by Robert McLeod, P.Geo., Vice President of Exploration for Full Metal Minerals and a Qualified Person as defined by NI 43-101.
About the Company
Altair is an exploration company focused on gold and silver projects. Altair also has an option to earn a 70% interest in Great Panther Resources Limited’s (TSX: GPR) San Antonio property in Mexico.
For further information please contact Kareen McKinnon at (604) 764-2385, fax at (604) 688-8309 or e-mail [email protected]
ON BEHALF OF THE BOARD
“Fayyaz Alimohamed”
Fayyaz Alimohamed, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.
