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ALTAIR EXTENDS STRIKE LENGTH OF GOLD MINERALIZATION TO THREE KILOMETRES AT PROSPECT VALLEY
ALTAIR EXTENDS STRIKE LENGTH OF GOLD MINERALIZATION TO THREE KILOMETRES AT PROSPECT VA...
About this update from Altair Resources, Inc.
[{"type":"text","content":"\nALTAIR EXTENDS STRIKE LENGTH OF GOLD MINERALIZATION TO THREE KILOMETRES AT PROSPECT VALLEY\n\n\n Oct. 6, 2010 (TheNewswire.ca) -- Altair Ventures Incorporated (\"Altair\" or \"the Company\"; TSX-V: AVX) is pleased to report that recent field work on the Prospect Valley epithermal gold property in southern BC has extended the strike length of gold mineralization to approximately three kilometres. Prospecting northeast of the previously drilled North and South Discovery Zones has revealed outcropping rock with strong quartz veining, silicification, brecciation, carbonate alteration, fine disseminated pyrite and gold mineralization. The newly-discovered zone extends for 135 metres along strike and is exposed over a width of up to 32 metres, before disappearing under overburden in all directions.Preliminary chip sampling across this new zone has returned gold values ranging from 0.12g/t to 4.53g/t. Significantly, all 10 samples taken from these outcrops contained gold mineralization. Silver values in the same samples ranged from 0.7g/t to 3.1g/t and molybdenum was also anomalous. A sample of residual soil from the northern part of the zone, where the highest gold grades occur, was panned down to a fine concentrate for visual inspection. This heavy fraction contained ten very fine, hackly, bright yellow gold grains that would have, over the years, eroded out of the host rock and veining. The particles appear to be less than 0.1mm but demonstrate the existence of free gold in this zone. As such, the samples are being re-analyzed using a ‘metallics' procedure that will detect any free, coarse gold, that might otherwise be missed in standard assaying procedures.This new zone of gold mineralization falls within the target area previously identified as the \"Northeast Extension\" (see map on Altair website at www.altairventuresinc.com), given its location with respect to the North and South Discovery Zones. The new zone lies at an elevation of approximately 1350 metres or 300 metres below the South Discovery Zone (SDZ) that Altair drilled earlier in the year, and may represent a deeper part of the mineralizing system. This is significant in that the 2010 drilling in the SDZ appeared to indicate that gold grades were increasing with depth, down-dip on the fault that appears to control the mineralization. In that drilling, higher g...