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Vancouver, BC - July 19, 2012: Altair Ventures Incorporated (TSX-V: AVX; "the Company") is pleased to announce that diamond drilling has commenced on its Kena Gold Property located in south eastern British Columbia. The diamond drilling program is an integral part of 2012 exploration work that includes on-going surface sampling, airborne surveying and data compilation work designed to expand the gold resources on the property, as well as to test several regional targets.
The majority of historic work on the Kena Property has centered around two main zones; the Gold Mountain Zone (GMZ) and the Kena Gold Zone (KGZ). That historic work culminated in a resource estimate for GMZ of 1.84 million tonnes averaging 0.87g/t Au classed as Measured plus 9.01 million tonnes averaging 0.68g/t Au classed as Indicated and an additional 22.11 million tonnes averaging 0.60g/t Au classed as Inferred. The KGZ comprises 2.91 million tonnes averaging 0.77g/t Au classed as Measured plus 11.77 million tonnes averaging 0.60g/t Au classed as Indicated and an additional 3.8 million tonnes averaging 0.70g/t Au classed as Inferred, all at a 0.30g/t Au cutoff.
Total M&I resources for the two zones comprise 549,000 contained ounces of gold, while total Inferred resources comprise 513,000 ounces (see Altair News Release dated June 25, 2012).
Altair's geologists have utilized 3D modeling software in order to better visualize the results of historic drilling and exploration work on the property. Interpretations suggest that the GMZ and KGZ gold mineralization may be hosted within a structure that is continuous from one zone to the other, with potential for extension to the northwest and southeast, for a total strike length of 4 kilometres. The model also indicates that the mineralization in each zone is open to depth. Several areas were identified where the continuity of mineralization along the target corridor could be tested, with the goal of increasing the global gold resource for the property.
The 2012 diamond drilling program is designed to initially twin several existing drill holes for verification and calibration of laboratory results. An additional 16 drill sites have been identified as sequential step-outs from the known areas of mineralization, with more sites planned as a follow-up to these initial test holes. The 2012 drilling will also test for mineralization to depths beyond the current resource blocks.
Altair has contracted Critchlow Diamond Drilling, based in Salmo, BC, to complete a minimum of 5,000 metres of NQ2 size core diamond drilling on the property for 2012. All core will be logged and sampled by a professional geological crew based in Salmo, utilizing strict quality assurance and control measures. Samples will be split using a manual splitter or diamond saw as required. Samples will be shipped to a certified laboratory in Vancouver, BC. Drill core will be stored in a secure facility in Salmo, BC.
The Qualified Person for the Kena Property is Mr. Warner Gruenwald, P.Geo. and VP Exploration for Altair Ventures Inc.
For further information please contact Justin Schroenn at (604) 780-1371, or e-mail js@altairventuresinc.com.
ON BEHALF OF THE BOARD
"Fayyaz Alimohamed"
Fayyaz Alimohamed, President & CEO
Neither 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.
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