Altair Resources Inc (C:AVX)
Shares Issued 49,861,501
Last Close 8/10/2017 $0.245
Monday August 14 2017 – News Release
Mr. Harold Shipes reports
ALTAIR ANNOUNCES FINAL DRILL RESULTS FROM INITIAL DRILL PROGRAM AND SAMPLES NEW HIGH GRADE 26.2%ZINC, 6.37%LEAD SURFACE CONGLOMERATE BRECCIA OCCURRENCE, CREPULJA PROJECT, MITROVICA DISTRICT, KOSOVO
Altair Resources Inc. is continuing evaluation of its Crepulja project, Mitrovica district, Kosovo. The Company holds 44.5-square-kilometres of exploration licences within this historical zinc, lead and silver producing region where metals have been produced since the Middle Ages.
NEW HIGH GRADE ZINC-LEAD SURFACE EXPOSURE
Altair has received an assay of 26.2% zinc, and 6.37% lead from a new high grade zinc-lead occurrence uncovered while doing geological mapping to the south of the limestone zinc area on its Crepulje project, Kosovo.
The mineralization is similar to that in the initial trenches in the limestones, but occurs within a conglo-breccia over an area 10m x 10m. The conglomerate breccia lies adjacent to the limestone belt, and overlies the carbonate. The material occurs as a surface zone with poor exposure, with the assayed material classed as a grab sample. The target area warrants deep surface trenching to investigate the nature of the occurrence.
Diamond drill holes CRP 012, CRP 013, CRP 014 did not return significant values. All three holes penetrated a sequence of predominantly schists and marly limestones. For location and details of these holes see Table 1. The current drill program has been completed. Said Company CEO Mr. Shipes: “The area drill tested to date returned good zinc values on only the first hole , however we hold over 44 square kilometres of exploration licenses and have only drill tested a small portion of the property. We are encouraged with the new sampling results and there remains more work to be done.”
All core is transported to the secure core shed of the company and logged. The majority of drill holes are sampled for their entire length. Sampling is conducted under the guidance of Selim Berisha, MSc. Technical Director and Chief Geologist of Altair, Kosovo, supervised by Dr. Stewart A. Jackson, QP, and Geological Technical Advisor to Altair. Core is sawn and one half bagged for analysis. QA/QC involves random placement of Duplicate (Analytical and Field), blank and standard reference samples within every 10 consecutive core samples.
Samples are assayed at the ALS Minerals, Bor, Serbia, and ICO9001 Certified Laboratory. Samples are logged into the tracking system, weighed, dried and fine crushed to less than 2mm (70%). A split of up to 250 gm is pulverized to better than 85 % passing a 75 micron screen for use in the gold and multi-element analysis (ALS ME-MS61 package). Sample preparation is to industry standard, and additional analyses are made for concentrations over 1% (e.g. Zn or Pb).
The contents of this press release have been reviewed and approved by Dr. Stewart A Jackson, P.Geo, the Geological Technical Adviser to the company, and a Qualified Person under National Instrument 43-101.
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