Altair Ventures Incorporated (“Altair” or “the Company”; TSX-V: AVX) is pleased to announce the appointment of Warner Gruenwald, P.Geo. as the Company’s new Vice President of Exploration. Mr. Gruenwald has spent more than 35 years as an exploration geologist focused on the evaluation of precious and base metal properties in Canada and the US. He brings to Altair extensive experience ranging from grassroots to advanced stage exploration and has been instrumental in several discoveries.
Mr. Gruenwald is a Professional Geoscientist with a B.Sc. in Geology from the University of British Columbia. He is president of Geoquest Consulting Ltd. and is a Qualified Person as defined by National Instrument 43-101.
Specifically, Mr. Gruenwald has relevant experience in southern British Columbia on gold projects in the Bralorne, Okanagan, Cariboo and Shuswap regions. His first priority with Altair is to oversee the exploration program on the Prospect Valley Gold Property, located within the Spences Bridge Gold Belt, approximately 3 hours driving time from Vancouver. Currently, all previous data from the project is being compiled and used to plan a diamond drill program anticipated to begin by early March.
Altair has an option to earn up to a 90% interest in the 107.9 sq km, Prospect Valley Property. The project contains several bulk tonnage gold targets and is only 30km south of the world class Highland Valley Copper Mine. In this complex geological environment, the property has the potential to host a significant gold mineralizing system.
The Company has granted, under its Stock Option Plan, incentive stock options to directors, officers and consultants to purchase up to an aggregate of 1,180,000 common shares in the capital of Altair exercisable for a period of five years ending on February 25, 2015 at a price of $0.15 per share.
For further information please contact Fayyaz Alimohamed at (604) 641-1305, fax at (604) 688-8309 or e-mail [email protected].
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
