Altair Gold and Sultan Minerals Amend Agreement Relating to Kena Gold Property

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[{"type":"text","content":"Altair Gold and Sultan Minerals Amend Agreement Relating to Kena Gold Property(via Thenewswire.ca)\n \n \nVancouver, BC - July 2, 2013: Altair Gold Inc. (TSX-V: AVX; \"Altair\" or \"the Company\") is pleased to report that it has signed an amending agreement (the \"Second Amending Agreement\") with Sultan Minerals Inc. (\"Sultan\", TSX-V:SUL) amending the Letter Agreement dated December 30, 2011, as amended on December 28, 2012, between the Company and Sultan relating to the Company's option (the \"Option\") to earn up to a 75% interest in the Kena gold project near the town of Nelson in southeastern British Columbia (the \"Kena Gold Property\"). The Kena Gold Property comprises 152 claim units for a total of 7,609 hectares and covers approximately 8,000 metres of strike length on a district-scale gold and gold-copper system. \n\n \n \nKena is an advanced gold project given the significant gold resource already outlined, the potential to expand it, and the opportunity to make new discoveries on the other exciting targets.\n\n \n \nThe current resource estimate for the Kena Gold Property is set out in the technical report dated May 15, 2013, entitled \"Technical Report for the Kena Property\" prepared for Altair by Gary Giroux, P. Eng., MASc. and Vivian Park, P. Geo. The mineral resource statement for the Kena Gold Property, as extracted from the 2013 Kena Technical Report, is summarized in the table below. The effective date of this resource estimate is February 7, 2013. The mineral resource statement is reported at a cut-off grade of 0.3 gpt gold.\n\n \n \nMineral Resource Statement, Kena Gold Property, British Columbia, Giroux and Park, May 15, 2013.\n\n \n \nCOMBINED KENA AND GOLD MT. (KGM) ZONE\n\n\n \nAt a 0.3 g/t cut-off\n\n \n \n\n ------------------------------------------------------------\n |Category |Tonnes |Grade Au (g/t)|Au Ounces|\n |----------------------------------------------------------|\n |Measured |6,690,000 |0.77 |165,000 |\n |----------------------------------------------------------|\n |Indicated |18,600,000|0.54 |325,000 |\n |----------------------------------------------------------|\n |Measured and Indicated|25,280,000|0.60 |490,000 |\n |----------------------------------------------------------|\n |Inferred |90,440,000|0.48 |1,399,000|\n ------------------------------------------------------------\n\n...

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