Altair Ventures Options Gold Property in British Columbia -NI 43-101 Compliant Gold Resource -M+I= 541,000 ounces -Inferred= 557,000 ounces

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[{"type":"text","content":"\nAltair Ventures Options Gold Property in British Columbia -NI 43-101 Compliant Gold Resource -M+I= 541,000 ounces -Inferred= 557,000 ounces\n\n(via Thenewswire.ca)\n\n \nVancouver, BC - January 3, 2012: Altair Ventures Inc. (TSX-V: AVX;\n\"Altair\" or \"the Company\") is pleased to report\nthat it has signed a binding Letter Agreement for an option to acquire\nup to a 75% interest in the Kena gold project near the town of Nelson\nin southeastern British Columbia from Sultan Minerals Inc.\n(\"Sultan\" TSX-V:SUL). The Kena Property comprises 152 claim\nunits for a total of 7,609 hectares and covers approximately 8,000\nmetres of strike length on a district-scale gold and gold-copper\nsystem.\n\n\n \nMultiple gold and gold-copper targets exist on the Kena Property. Of\nparticular note are the Gold Mountain Zone and the Kena Gold Zone,\nwhere NI 43-101 compliant Mineral Resource Estimates have been\nestablished (Giroux and Dandy, 2004). The Gold Mountain Zone comprises\n10.18 million tonnes averaging 0.736 g/t Au classed as measured plus\nindicated and an additional 22.0 million tonnes averaging 0.668 g/t Au\nclassed as inferred, and the Kena Gold Zone comprises 14.68 million\ntonnes averaging 0.635 g/t Au classed as measured plus indicated and\nan additional 3.8 million tonnes averaging 0.699 g/t Au classed as\ninferred, all at a 0.30 g/t Au cutoff.\n\n\n \nTotal M&I resources for the two zones comprise 541,000 contained\nounces of gold, while total Inferred resources comprise 557,000\nounces.\n\n\n \nThe Gold Mountain and Kena Gold Zones have been partially tested with\n16,500 metres of drilling in 116 diamond drill holes.\n\n\n \nThe authors of the aforementioned resource report are independent of\nboth the vendor and the issuer. Altair has verified with the authors\nthat there has not been a sufficient amount of work done on either the\nGold Mountain or Kena Gold Zone since 2004 to warrant a change to the\nresource estimates and the Company intends to file an updated NI\n43-101 report on the project as a whole.\n\n\n \n\"The optioning of the Kena Project represents an important\nmilestone for Atair given the significant gold resource already\noutlined in two zones, the potential to expand it, and the opportunity\nto make new discoveries on the other exciting targets\", stated\nAltair's President & CEO, Fayyaz Alimohame...

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