Vancouver, BC – November 20th, 2009: Altair Ventures Incorporated (“Altair”) (TSX-V: AVX) and Consolidated Spire Ventures Ltd (“Spire”) (TSX.V: CZS) are pleased to announce that the next phase of exploration has started on the Prospect Valley Gold Property in southwestern British Columbia, which Altair recently optioned from Spire.
No drilling has been done on the PV property since 2007, when a significant gold system was identified in the North and South Discovery Zones. At that time, diamond drilling identified structurally controlled gold mineralization in vesicular basalts over a strike length of almost 2kms.
The primary objective for this current work program is to prioritize drill targets, both within the Discovery Zones and for gold showings in numerous other areas of the property, such as the NW Dome, the Ridgeline Target, the Northeast Extension, the Southeast Trend Target and the Crown Target. This phase will include trenching, soil & rock sampling and a re-evaluation of previous drill results.
The next phase in the exploration program would include diamond drilling in the Discovery Zones in order to outline a possible NI 43-101 compliant gold/silver resource and to test other targets identified by the current program.
Altair has an option to earn up to a 90% interest in the 107.9 sq km, Prospect Valley Gold Property, located within the Spences Bridge Gold Belt in southern British Columbia, approximately 3 hours driving time from Vancouver. The property is road-accessible and in close proximity to good infrastructure from Merritt, BC.
For further information please contact Fayyaz Alimohamed at (604) 641-1305, fax at (604) 688- 8309 or e-mail [email protected].
ON BEHALF OF THE BOARD
Fayyaz Alimohamed, President & CEO
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