Altair Announces Independent Confirmation of Camden Deposit.CODY, WYOMING--(BUSINESS WIRE)--April 2, 1998-- (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALTIF)(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :AIL AIL 1. Angiocentric immunoproliferative lesion 2. Angioimmunoblastic lymphadenopathy ) Altair International Inc. today announced that TZ Minerals International Pty Ltd PTY LTD Propriety Limited (company structure in Australia) . (TZMI) has independently confirmed the mineral deposit characteristics for Altair's Camden, Tennessee Camden is a city in Benton County, Tennessee, United States. The population was 3,828 at the 2000 census. It is the county seat of Benton CountyGR6. Geography Camden is positioned at (36.046344, -88. heavy mineral sands deposit. TZMI concluded that the deposit contain 11.2 million tons heavy of minerals. The full text of their Executive Summary follows: "TZMI has reviewed the March 1998 version of the Camden resource model prepared by Mine Development Associates (MDA (1) (Monochrome Display Adapter) The first IBM PC monochrome video display standard for text. Due to its lack of graphics, MDA cards were often replaced with Hercules cards, which provided both text and graphics. See PC display modes and Hercules Graphics. ). We consider the Camden mineral deposit to be an indicated resource. The deposit exhibits normal 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. between holes and drill sections, as expected for a regressive series of beach placer deposits. Further, we consider the deposit amenable to definition by polygonal resource computation methods, such as the MDA model. MDA computations, at a 1.5 percent total heavy mineral (THM) cut-off yielded the following: Unit Tonnage (st tons) Grade (percent THM) ---- ---------------- ------------------ Strand (Bed 1) 306 million 3.62 percent Strand (Bed 2) 6 million 1.68 percent Overburden (NMU) 56 million 0 The reliability of these calculations had been checked by selected manual computation." The deposit characterization model developed by MDA includes the results of 66 auger holes drilled during 1997 and 1998 to confirm continuity of geologic structure, as well as 38 holes drilled by a previous explorer. "As confirmed by TZMI, the Altair drilling program proved complimentary to earlier drilling - mineral content determined from a 104 drill hole data base is virtually the same as the determination based on 38 holes. This gives us added confidence in the predictability of deposit tonnage and grade as we prepare and finalize the prefeasibility study." said Dr. William P. Long, president of Altair. TZMI is an Australian based consultancy and accordingly utilizes Australian Resource/Reserve classification standards, which are comparable to those used by the U.S. Bureau of Mines. 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 particulate matter n. Abbr. PM Material suspended in the air in the form of minute solid particles or liquid droplets, especially when considered as an atmospheric pollutant. Noun 1. using a combination of mechanical jig and centrifugal force centrifugal force Fictitious force, peculiar to circular motion, that is equal but opposite to the centripetal force that keeps a particle on a circular path (see centripetal acceleration). . Potential applications include gold/mineral recovery, coal cleaning and environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a . Altair is the 100 percent owner of a large titanium/zircon mineral deposit in Tennessee. This press release may be deemed to contain certain forward-looking statements with respect to the Company that are subject to risks and uncertainties that include, but are not limited to, those identified in the Company's press releases or discussed from time to time in the Company's Securities and Exchange Commission filings. Actual results may vary materially. News releases and other information on Altair can be accessed at no charge at Web Site http://www.ctaonline.com/ir/aig.htm on the Internet. The Alberta Stock Exchange neither approves nor disapproves of the information contained herein. CONTACT: Carl Thompson Associates Carl Thompson, 303/494-5472 or Carl Thompson Associates Sheila Whitman, 303/494-5472 or Altair International Inc. William P. Long, 307/587-8245 |
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