Altai Resources Inc. Plans For Exploration And Drilling In The Philippines Are Finalized.TORONTO--(BUSINESS WIRE)--March 5, 1997-- 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. .) The Management of Altai Resources Inc. (ATI, TSE; US Sec. Rule 12g3-2(b) File # 82-2950) rejected a revised offer from Normandy Mining Limited. The new offer included increased ownership from equal partners to controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail and unacceptable exploration funding terms. Altai Resources will now immediately resume its exploration programs: -Dr. Arpad Farkas will be going to Peru within two weeks to resume exploration programs at the Tierra Amarilla and Rio Colorado gold properties. -Dr. Niyazi Kacira will be going to the Philippines to start an exploration program in three of the properties within two weeks. MABULAO Surface exploration at Submakin will resume, the gold showing and soil gold anomalies will be trenched LAHUY Management decision is to start exploring the Lahuy Island gold property. Up to three months of surface sampling, trenching, and mapping will be done to prepare the property for drilling. Lahuy formerly known as Treasure Island Treasure Island search for buried treasure ignited by discovery of ancient map. [Br. Lit.: Treasure Island] See : Treasure is a promising former mine abandoned in 1942 with the Japanese invasion. It has indicated underground reserves of 200,000 ounces of gold and has great potential for an open pit mine. MINDORO Simultaneously surface exploration will begin on the Mindoro a massive sulphide project (lead, zinc, copper mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. ) which was not tested in the past for the presence of silver and gold. Management believes this property could be brought to drilling stage within four months. In addition to showings there are geochemical and geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. targets which will be verified by field examination and drilling. CONTACT: Altai Resources Incorporated Dr. Niyazi Kacira, 416/869-1338 416/869-1238 (FAX) altai@arex.com (E-mail) http://www.info-mine/altai/ (Internet) or Altai Resources Incorporated Mr. Louis Hoel, 416/458-4635 or Altai Resources Incorporated Mr. Guy Schierau, 416/523-9311 |
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