Altair International Inc. - Tennessee property project feasibility study.CODY, Wyoming--(BUSINESS WIRE)--June 17, 1997--Altair International Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :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) is commencing a project feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. on its Camden, Tenn. heavy mineral sand property. The purpose of the study is to determine mine and processing characteristics, provide estimates of mine capital and operating costs and define project economics. "We now have a good understanding of the site geology and mineralogy mineralogy Scientific study of minerals, including their physical properties, chemical composition, internal crystal structure, occurrence and distribution in nature, and origins or conditions of formation. and enough data about how the Jig will operate with these sands to allow us to move forward with this study," said Dr. William Long, Altair's president. Altair plans to utilize the services of a credentialed engineering firm and intends to seek proposals from qualified, experienced firms later this month. The study will also utilize the services of an independent geological consulting firm to review Altair's upcoming mineral reserve estimate. Completion of the study is scheduled for late October 1997. Shareholders will be kept apprised as meaningful study results are produced. 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. -0- The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). neither approves nor disapproves of the information contained herein. CONTACT: Carl Thompson Associates Jenny Herring, 303/494-5472 Carl Thompson, 303/494-5472 or Altair International Inc. Dr. William Long, 307/587-8245 |
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