January 19, 2016
Vancouver, British Columbia
Altair Gold Inc. (“Altair” ) – AVX: TSX – V.
Mr. Robert J. Naso is pleased to announce that a National Instrument 43 – 101 report has been completed on the Company’s recently acquired high grade Cerepulja lead – zinc project in Kosovo. The report has now been submitted to the TSX Venture Exchange. Once approved Altair will file the release on Sedar and issue a news release advising our shareholders.
As announced in the news releases dated September 11 and September 30, 2015 Altair has an option agreement to acquire 90% of the shares of A.G.J.A. S.H.P.K., a private company based in Kosovo which owns the licenses covering the Cerepulja project.
Cerepulja Project Summary
The Cerepulja project is located in northern Kosovo, approximately 17km west of the town of Mitrovica. Exploration in the area was first undertaken in the 1950’s and has continued intermittently to the present time. This exploration has discovered high grade lead and zinc mineralization at surface. Historic work on the project reported zinc grades in excess of 30% and lead grades above 5% in trenching. This trenching was undertaken over a 200 metre by 160 metre area within a 500 metre by 3,000 metre zone of anomalous lead and zinc in soil samples. The project has also seen both core drilling and underground exploration through several adits.
Perry Grunenberg, PGeo., an independent qualified person as defined by National Instrument 43 – 101 has now completed the report on the project. This NI43 – 101 report integrates all of the historic work on the project and provides guidance to Altair’s future work programs.
Chad Ulansky, PGeo, is the qualified person under National Instrument 43 – 101 who has reviewed the tech nical disclosure in this news release and is responsible for the technical information contained in this release.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, contact Robert Naso at 604.248.5175 or via email at [email protected]
This news release may contain forward-looking statements including but not limited to comments regarding the closing the transactions contemplated by the Option Agreement. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Altairundertakes no obligation to update such statements, except as required by law.
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 release.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
