Altair International Inc. - Tennessee Property - Geological and Mineralogical Data.CODY, Wyo.--(BUSINESS WIRE)--May 29, 1997--(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). AIL., 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. completed 15 drill holes on its Camden, Tennessee heavy mineral sand property. Holes are spread over several square miles in the central portion of the property and intersected 60 to more than 100 foot thick sections of mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. sand. Heavy mineral concentrations occur in distinct near horizontal layers - fairly continuous sheets which connect between holes thousands of feet apart. Relatively 'high' grade lenses, often 20 to 25 feet or more in thickness, are contained within 'lower' grade sections. Representative samples from this part of the deposit contain from 3 percent to over 15 percent total heavy minerals. Valuable titanium minerals account for about 50 percent of the total heavy mineral suite. 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. (TiO2) typically comprises 50 percent or more of the titanium minerals. Leucoxene (FeTiO2-TiO2) and lesser amount of 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 (FeO-TiO2) are also found. Zircon (ZrSiO4) is not abundant in this portion of the deposit, making up but a few percent of the total heavy minerals. The remainder of the heavy mineral suite includes aluminum silicates (staurolite staurolite Silicate mineral produced by regional metamorphism in rocks such as mica schists, slates, and gneisses, where it is generally associated with other minerals. Staurolite is a brittle, hard mineral that has a dull lustre. , sillimanite sillimanite or fibrolite Brown, pale green, or white glassy silicate mineral that often occurs in long, slender, needlelike crystals frequently found in fibrous aggregates. , kyanite kyanite or cyanite or disthene Silicate mineral, one of several phases in the aluminum silicate (Al2SiO5) system. Its colour ranges from gray-green to black or blue, with blue and blue-gray being most common. ), various mica's and other less valuable minerals. Altair has begun another round of drilling which will total about 25 holes. Holes are designed to determine the extent of individual mineralized sand bodies and to examine the distribution and grade of contained heavy minerals. The new drill holes, along with our earlier holes, will provide basic information in reserve determination. (Altair holds logs from drilling by predecessors on this deposit - data valuable in focusing our current efforts. Altair is not able to independently authenticate this historic information and consequently it will not be used for reserve determination.) Altair is continuing Centrifugal Jig testing of Tennessee heavy mineral sands at its Reno, NV facility. We are encouraged by the Centrifugal Jig's ability to process these fine grained sands. Shareholders will be kept appraised of developments. 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. Note: News 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 Jenny Herring, 303/494-5472 or Carl Thompson, 303/494-5472 or Altair International Inc. William Long, 307/587-8245 |
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