Altair Announces Good Mineral Grades in Drilling at Tennessee Property.CODY, Wyoming--(BUSINESS WIRE)--March 3, 1997-- ALTAIR INTERNATIONAL(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). AIL AIL 1. Angiocentric immunoproliferative lesion 2. Angioimmunoblastic lymphadenopathy ., OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. AIGI AIGI Assistant Inspector General for Investigations (US government) AIGI Adair International Oil and Gas, Inc. . ) Initial test drilling at the western Tennessee property owned by Altair International Inc. has encountered good grades of various heavy minerals including zircon zircon Silicate mineral, zirconium silicate, ZrSiO4, the principal source of zirconium. Zircon is widespread as an accessory mineral in acid igneous rocks; it also occurs in metamorphic rocks and, fairly often, in detrital deposits. , rutile rutile, mineral, one of three forms of titanium dioxide (TiO2; see titanium). It occurs in crystals, often in twins or rosettes, and is typically brownish red, although there are black varieties. and ilmenite ilmenite (ĭl`mĕnīt), black mineral, iron titanium oxide, FeTiO3, crystallizing in the hexagonal system. It is sometimes found as tabular hexagonal crystals but occurs more commonly as small grains in igneous and metamorphic . The four auger holes were drilled near the center of the property to confirm sand thicknesses, mineral grades and continuity of 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. previously reported by others. "Results were positive with mineral grades higher than expected," said Dr. William Long, president of Altair. Altair's work on the property has included geologic mapping, sampling, and an initial series of four auger drill holes. Geologically, the ore deposit is a preserved ancient ocean beach along which heavy minerals containing titanium and zircon have accumulated. The first drill holes were on 200 ft centers and intersected a 95 ft average sand thickness. Samples were collected for each 5 ft drill interval, screened to remove slimes and heavy mineral content determined by heavy liquid separation. The full sand section contains concentrations of heavy minerals and all holes cut a 15 to 25 ft thick sand bed in which heavy mineral content exceeds 10 percent by weight. Select sample intervals were: -0-
HOLE NUMBER INTERVAL FEET WEIGHT PERCENT
(Total Heavy Minerals)
----------- -------------- ---------------------
MR 101 25-90 ft 4.4 percent
MR 104 45-95 ft 5.8 percent
MR 103 40-70 ft 7.1 percent
-0- As a point of reference, most heavy mineral sand operations today process 2 to 3 percent total heavy mineral feeds. The Tennessee property was discovered in the late 1950s and has been worked by several major companies as documented in public and private reports. It has tonnage and grade characteristics equivalent to reserves mined elsewhere. The very fine sand particle size Particle size, also called grain size, refers to the diameter of individual grains of sediment, or the lithified particles in clastic rocks. The term may also be applied to other granular materials. previously precluded commercial development using then-available gravity recovery equipment. Altair's management is confident the patented Centrifugal Jig technology will efficiently recover the values. Altair has begun a second drill series to make its own reserve estimate and to "twin" (drill beside) holes previously drilled by others. "We'll be able to compare results and confirm our assumption on grade, size and minerology," Long said. Drilling results will be reported as they become available. Altair International is in the development stage of commercializing its state-of-the-art technology, the Centrifugal Jig, which recovers extremely fine, heavy particulate matter using a combination of a mechanical jig and centrifugal force. Potential applications include gold/mineral recovery, coal cleaning and environmental remediation. CONTACT: Carl Thompson Associates Jenny Herring, 303/ 494-5472 Web Site http://www.ctaonline.com/ir/aig.htm or Carl Thompson Associates Carl Thompson, 303/ 494-5472 Web Site http://www.ctaonline.com/ir/aig.htm or Altair International Inc. Dr. William Long, 307/ 587-8245 |
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