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Altai Acquired A Porphyry Copper-Gold Property In The Phillippines - The Mabulao One Deposit.


TORONTO--(BUSINESS WIRE)--March 7, 1996--ALTAI RESOURCES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
.(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) SUMMARY AND CLARIFICATION OF NEWS RELEASE DATED MARCH 4, 1996

POTENTIAL OF DEPOSIT:

- 10 MILLION OUNCES OF GOLD, AND - 5 BILLION POUNDS OF COPPER EQUIVALENT (COPPER, MOLYBDENUM molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6.  WITH SOME SILVER)

3 of the 5 zones explored have 72 diamond drill holes, numerous trenches and test pits. The deposit includes the potential of:

1. High grade, easily and inexpensively minable and heap-leachable oxide zones: - 1.8 million ounces of gold and 1 billion pounds of copper. Part of the oxide reserves are in the probable category. And it also contains

2. Potential sulfide inventories of - - 8 million ounces of gold and 4 billion pounds of copper.

Upon compiling the results of past exploration and drilling, Altai Philippines will start an exploration program on this property.

CONTACT: Altai Resources Inc.
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 7, 1996
Words:138
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