Altair Announces New Drill Holes Completed.CODY, Wyoming--(BUSINESS WIRE)--Feb. 18, 1998--Altair International(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :AIL AIL 1. Angiocentric immunoproliferative lesion 2. Angioimmunoblastic lymphadenopathy .) (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) Altair International Inc. has completed drilling 36 additional holes at its 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. titanium/zircon sand property. Twenty seven of the holes were drilled on straight line patterns, "fences", designed to confirm geologic interpretations and mineral continuity in the deposit. The remaining nine holes were drilled within areas previously drilled and provide more precise detail about strand line strand line also strand·line n. A shoreline, especially one marking an earlier and higher water level. boundaries. In total, Altair has now drilled 72 holes on the property. Heavy mineral sample analysis is currently underway at the Commercial Test and Engineering (CT&E) laboratories in Denver, Colorado. As sample results are completed, data is being input into a computer generated geologic/resource model, which has been developed for Altair by Mine Development Associates of Reno, Nevada. "This round of drilling is confirming our earlier assumptions about this deposit which, based on previous reports, totaled approximately 11 million metric tonnes of heavy minerals," said Dr. William Long, president of Altair. The resource model update should be completed in early March. Results will be made available. The company will also be utilizing this data in the preparation of the prefeasibility study. 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 a 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. The Alberta Stock Exchange neither approves nor disapproves of the information contained herein. -0- New releases, 10K and other information on Altair can be accessed at no charge at Web site http://www.ctaonline.com/ir/aig.htm on the Internet. 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 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion