Altair Resources Inc (C:AVX)
Shares Issued 29,606,501
Last Close 1/10/2017 $0.355
Wednesday January 11 2017 – News Release
Mr. John Huguet reports
ALTAIR READIES KOSOVO ZINC-LEAD-SILVER EXPLORATION PROGRAM
Altair Resources Inc. has initiated plans for a 2017 exploration program on its Crepulje project in Kosovo.
Numerous high-grade zinc and lead occurrences on the property justify an aggressive program on this little-explored area. The initial exploration target is the determination of zinc distribution within a zone measuring 500 metres by 300 metres by 50 metres deep. On surface in this area are several trenches that exhibit high-grade zinc-lead mineralization with numerous trench samples running between 17 and 35 per cent zinc plus lead over two-to-four-metre widths within broader mineralized zones. Several drill holes are needed to check for depth continuity within the target area.
Gravity surveying will check not only on the target area and also on a broader scale for the possibility of a much larger target within a belt of limestones and schists that host numerous rich surface showings and some historical underground workings.
Altair’s Crepulje exploration project lies within the Crepuliga property in the Mitrovica district of Kosovo, 17 kilometres due west of the city of Mitrovica. Altair holds a 9.82-square-kilometre exploration licence within this historical zinc-, lead- and silver-producing region where metals have been produced since the Middle Ages.
Two belts 50 kilometres and 20 kilometres long run northerly through central Kosovo. Within this belt, the Trepca group of 40 mines and processing facilities have produced since Roman times, and employed over 20,000 people prior to destruction during the recent war. Over all, the country is reported to contain 60.5 million tonnes grading 4.96 per cent lead, 3.3 per cent zinc, and 74.4 grams per tonne silver. For the Trepca area alone, the United Nations Mission in Kosovo report in 2001 states a resource of 29 million tonnes grading 3.4 to 3.45 per cent lead, 2.23 to 2.36 per cent zinc and 74 to 81 grams per tonne silver.
Recommendations for work and details of work to date including geochemistry, geophysics, trenching, drilling and sampling are available in a National Instrument 43-101 Report by Perry Grunenberg (2015) filed by the Company on SEDAR. An Internal Corporate Report (2016) by Prof. Dr. Alaudin Kodra of Kosovo recommends drilling of up to 20 holes to extend known surface and drill hole intercepts.
Results of a 2016 trenching program (see Press Release Oct.11,2016) extended the trenched area of high grade showings to over 450 meters and discovered four new areas of outcropping high grade zinc-lead-silver mineralization. The surface target zone on the property exends over 5km in length and 200-500m in width.
It should be noted that there are no reserves or resources on the Altair property holding, nor can there be any assurance that any such resource or reserve will be established, and if established whether such resource or reserve will be economically recoverable.
The contents of this press release have been reviewed and approved by Dr. Stewart A Jackson, PGeo., a Technical Advisor to the Company, and a Qualified Person under National Instrument 43-101.