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CONS. SPIRE VENTURES GRANTED FINAL APPROVAL FOR THE OPTION AGREEMENT WITH ALTAIR VENTURES INCORPORATED ON THE PROSPECT VALLEY GOLD PROPERTY
CONS. SPIRE VENTURES GRANTED FINAL APPROVAL FOR THE OPTION AGREEMENT WITH ALTAIR VENTURES INCORPO...
About this update from Altair Resources, Inc.
[{"type":"text","content":"\nCONS. SPIRE VENTURES GRANTED FINAL APPROVAL FOR THE OPTION AGREEMENT WITH ALTAIR VENTURES INCORPORATED ON THE PROSPECT VALLEY GOLD PROPERTY\n\n\n Oct. 8, 2009 (TheNewswire.ca) -- Consolidated Spire Ventures Ltd. (\"Spire\")(TSX.V: CZS) is pleased to announce that the TSX Venture Exchange has given final approval for the Option Agreement (\"the Agreement\") dated July 20, 2009 with Altair Ventures Incorporated (TSXV:AVX) (\"Altair\")(TSX-V: AVX) of Vancouver, British Columbia. The Agreement with Altair has a two-phase option to earn an initial 70% interest in the PV Property by spending a total of $6 million in exploration and issue 7 million shares over four years to Spire. Altair can then earn an additional 20% interest upon: (a) delivering a Bankable Feasibility Study with respect to the Property; and (b) making such additional cash and share payments in such amounts as may be negotiated and settled by the parties in writing at a later date, for a total 90% interest in the Prospect Valley Gold Property.The 107.9 sq km, Prospect Valley Property is located approximately 3 hours driving time from Vancouver and is within the Spences Bridge Gold Belt. It is a potential low grade, bulk mineable type gold target. The property is road-accessible and in close proximity to good infrastructure from Merritt, BC. The Prospect Valley Gold Property hosts a low sulphidation epithermal gold system with quartz vein stockwork type mineralization, located near Merritt, BC, Canada. To date, over 13 target areas have been identified in the claim block. The majority of the targets are located in the centre of the claim block along a prominent north-northeast trending linear zone that includes the Bonanza Zone, the Discovery South Zone, the Discovery North Zone, the NW Dome and NE Extension Zone.Investors are invited to visit the Consolidated Spire Ventures Ltd. Website at www.spireventures.com or the Investor Hub at www.agoracom.com/ir/Consolidatedspire where they can post questions and receive answers. Alternatively, investors are able to e-mail all questions and correspondence to [email protected] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time. If you are not currently on the CZS updates list, please send in your email address to [email protected] or call 604-662...