Altair Resources Inc (C:AVX)
Shares Issued 24,560,596
Last Close 10/7/2016 $0.205
Tuesday October 11 2016 – News Release
Mr. John Huguet reports
ALTAIR RECEIVES HIGH GRADE ANALYSES FOR INVICTUS LEAD-ZINC PROJECT IN KOSOVO
Altair Resources Inc. has released the analytical results of a trenching program conducted this summer at its Crepulje lead-zinc project in Kosovo. Altair has an option agreement to acquire 90 per cent of the shares of AGJA SHPK, a private company based in Kosovo which owns the licences covering the Crepulje project.
During May and June, 2016, a field program was undertaken on the Crepulje project. Three existing trenches were reexposed and were also extended, and five new trenches were completed. Limited prospecting was also undertaken. The results of this work not only confirmed the high lead and zinc values reported during previous work but also discovered high-grade mineralization in four new areas. 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:
Portions of trenches 1, 2 and 3, which were originally excavated in 1974, were re-opened, deepened and widened. Nine samples were collected during this summer’s program. The results of these samples are presented in the following table:
The samples collected during this program were submitted to the ALS Laboratory in Beograd, Ireland where they were initially crushed and pulverized prior to a split being analyzed. The samples were initially analyzed for 33 elements using the ME-ICP61 technique. Where the samples exceeded the upper limit of 1% for zinc and/or lead they were then analyzed using the Zn-OG62 and Pb-OG62 techniques respectively. A number of samples exceeded the 30% zinc upper limit and were then analyzed using the Zn-AAORE technique.
The Company considers the trenching program to have enhanced the potential of the project. Not only have the results confirmed the high lead and zinc values reported during previous work but also has discovered high grade mineralization in four new areas. These new discoveries extend the zone of high grade lead zinc mineralization which has been trenched to over 450 metres.
Chad Ulansky, PGeo, is the qualified person under National Instrument 43-101 who has reviewed the technical disclosure in this news release and is responsible for the technical information contained in this release.
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