VANCOUVER, BRITISH COLUMBIA – April 21, 2017 ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSXV: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) President and CEO, Mr. Harold (Roy) Shipes, is pleased to announce that the Company has acquired a third mining license that expands the land position on the Crepulje zinc-lead-silver property, Mitrovica district of Kosovo.
“Based on our interpretation of the gravity survey and the high grade trench samples, it was imperative we cover anomalies that extend onto this additional land,” stated CEO Harold (Roy) Shipes.
The third license extends the property to the west and north from the original two holdings. A recently completed gravity survey encountered anomalies extending onto this additional land which is underlain by the same favourable geological units as the original property holding.
As announced on October 11, 2016, a field program was undertaken on the Crepulje project in May and June 2016. Three existing trenches were re-exposed and were also extended, and five new trenches were completed. These new discoveries extended the zone of high-grade lead-zinc mineralization which has been trenched by approximately an additional 300 metres to over 450 metres.
Eighteen samples were collected from the trenches, and one surface grab sample was collected from a surface exposure. Five new trenches were completed; trench No. 8 through No. 12. In addition, one sample (No. 19) was collected from a newly discovered outcrop. Results from these new trenches and newly discovered outcrop are presented in the following table:
|
Trench # |
Trench Length (m) |
Sample # |
From (m) |
To |
Length (m) |
Zn (%) |
Pb (%) |
|
8 |
15 |
14 |
3.1 |
5.2 |
2.1 |
35.8 |
2.77 |
|
15 |
5.2 |
7.7 |
2.5 |
37.02 |
1.75 |
||
|
9 |
14 |
No mineralization encountered |
|||||
|
10 |
12.5 |
18 |
1.7 |
3.4 |
1.7 |
36.57 |
3.95 |
|
11 |
20.5 |
6 |
0 |
6.4 |
6.4 |
1.69 |
0.43 |
|
5 |
6.4 |
7.3 |
0.9 |
41.39 |
2.27 |
||
|
4 |
13.5 |
15 |
1.5 |
34.79 |
3.66 |
||
|
12 |
17.7 |
3 |
11 |
11.8 |
0.8 |
28.9 |
5.21 |
|
2 |
13 |
14.6 |
1.6 |
1.09 |
1.53 |
||
|
1 |
15.6 |
16.5 |
0.9 |
4.53 |
2.13 |
||
|
Outcrop |
n/a |
19 |
n/a |
n/a |
n/a |
38.28 |
1.8 |
