Business
Altair Gold Files NI 43-101 Report
(via Thenewswire.ca) Vancouver, BC - June 12, 2013: Altair Gold Incorporated (TSX-V: AVX; "...
About this update from Altair Resources, Inc.
[{"type":"text","content":"Altair Gold Files NI 43-101 Report(via Thenewswire.ca)\n\n \nVancouver, BC - June 12, 2013: Altair Gold Incorporated (TSX-V: AVX; \"the \"Company\" or \"Altair\") reports that it has SEDAR filed a technical report, including an updated resource estimate report for the Kena gold project located near the town of Nelson in southeastern British Columbia. The report, entitled \"Technical Report for the Kena Property\", is dated May 15, 2013 and was prepared for Altair by Gary Giroux, P. Eng., MASc. and Vivian Park, P. Geo. (the \"2013 Kena Technical Report\"). The effective date of this new resource estimate is February 7, 2013. The mineral resource statement is reported at a cut-off grade of 0.3 g/pt gold. This new resource estimate was previously summarized in a news release by Altair, dated April 11, 2013. \n\n \n \nThe Kena Property comprises 152 claim units for a total of 7,609 hectares and covers approximately 10 kilometres of strike length on a district-scale gold-copper system. \n\n \n \nMineral Resource Statement, Kena Gold Property, British Columbia,\n\n\n \nGiroux 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 \n \nThe increase in the inferred gold resource reflects the potential for the host to be a larger and more continuous structure than what had previously been recognized. The 2013 resource estimate represents a 173% increase in the Inferred estimate.\n\n \n \nMineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. All composites have been capped where appropriate.\n\n \n \nThe Kena Gold Project is located near Nelson, British Columbia. There are no known l...