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Altair Confirms Continuity of Gold Mineralization at Prospect Valley; Intersects 1.32g/T Gold Over 32.64 Metres
Altair Confirms Continuity of Gold Mineralization at Prospect Valley; Intersects 1.32g/...
About this update from Altair Resources, Inc.
[{"type":"text","content":"\nAltair Confirms Continuity of Gold Mineralization at Prospect Valley; Intersects 1.32g/T Gold Over 32.64 Metres\n\n\n May 20, 2010 (TheNewswire.ca) -- Altair Ventures Incorporated (\"Altair\" or \"the Company\"; TSX-V: AVX) and Consolidated Spire Ventures Ltd (\"Spire\"; TSX-V: CZS) are pleased to report that preliminary results from the 2010 Phase I drilling program within the South Discovery Zone (SDZ) of the Prospect Valley property in southern BC are indicating excellent continuity of gold mineralization.Assays have been received from six of the eleven holes completed and results are comparable to previous drilling in defining a wide zone of gold mineralization.Results to date are highlighted by hole PV-10-08 which intersected 68.69 metres grading 0.89g/t gold, including 32.64 metres of 1.32g/t gold that, in turn, included a higher grade section assaying 2.93g/t gold over 7.53 metres. The 68.69 metre interval also included a deeper section of 7.96 metres grading 1.44g/t gold.The Phase I program consisted of 1,127 metres in 11 drill holes and was specifically designed to test the continuity of gold mineralization intersected in the SDZ in 2006 and 2007.Most holes in 2010 were drilled as fill-in holes on section lines approximately 50 metres between previous sections. Holes PV-10-01, 02 and 03 all intersected widths and grades of gold mineralization similar to those of holes 2006-15 to 17, while holes PV-10-07 and 08 intersected higher grade gold mineralization similar to holes 06-21, 07-01, 02, 03, and 05.Highlights from the current drilling program are listed below and a map showing drill collar locations can be found on the Company website at www.altairventuresinc.com.\"We are excited that the drilling shows consistent gold mineralization, such that out of 38 drill holes sampled to-date on the property, all but one have encountered extensive gold mineralization. Apart from working towards defining a resource in the SDZ, we are keen to explore other areas of the property where we have encountered rock samples as high as 43.3g/t gold (in the 2.5 km2 Bonanza Valley area in the southwest of the PV project) and 27.3g/t gold (in the northeast NIC Zone, a 2.6 km x 900m gold soil anomaly),\" said Fayyaz Alimohamed, President of Altair.Most of the 2010 holes intersected gold mineralization starting close to surface. Incomplete cor...