Altavista Mines Inc. -- Gold Resource on Santa Anna Quadrupled.BOUCHERVILLE, Quebec--(BUSINESS WIRE)--Sept. 9, 1997--Altavista Mines Inc. (ME:AIA AIA - Application Integration Architecture ; OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AVSMF) is pleased to announce the preliminary results of the prefeasibility study on the Santa Anna property, located 15 kilometres west of La Sarre Sarre: see Saar, river; Saarland. in Northwestern Quebec. The discovery of zones 8 and 10 last winter considerably increased the resource on the Santa Anna property, now estimated at 1,615,000 tonnes grading 3.18 g/t Au (150,012 ounces of gold). This represents a substantial increase over the fall 1996 estimate of 400,000 tonnes grading 3.13 g/t Au (36,517 ounces of gold). The resource calculation was done for zones 8, 10, 12, 16, 18 and 20 based on intersections with widths of over two metres, with a cutoff grade of 1.4 g/t Au. The prefeasibility study also revealed that a portion of zones 10, 12, 16, 18 and 20 could be mined by open pit. The Company is presently developing a mine plan for this resource that includes, among other things, the production cost of an ounce ounce, in zoology ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. of gold, as well as processing options. Twenty-four holes have been drilled on the Santa Anna property since January 1997 for a total of 5,725 metres. While the source of the 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. was not identified, this drilling nonetheless added 1,215,000 tonnes to the gold resource on the property. The potential of increasing this resource remains high as zones 8 and 10 are open laterally lat·er·al adj. 1. Of, relating to, or situated at or on the side. 2. Of or constituting a change within an organization or a hierarchy to a position at a similar level, as in salary or responsibility, to the one being left: and at depth and only a small portion of the property has been explored. Based on the information obtained to date, the Company is confident that the property has the potential to host a resource of more than one million ounces of gold. Altavista Mines will start a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. in the coming weeks and plans to drill a further 10,000 metres on the Santa Anna property. The first 4,000 metres will be aimed at delineating the resource that could be mined by open pit and at categorizing this resource into proven and probable reserves. The next 6,000 metres will be drilled on the extensions of zones 8 and 10, in order to increase the property's gold resource. -0-
Table 1 : Resource calculation on the Santa Anna property
(intersections with widths of over 2 metres)
Mineralized zones Tonnes Average grade Gold total
zones (g/t Au) (ounces)
_________________ ______ _____________ __________
Cutoff grade
of 1.4 g/t Au Zone 8 561,048 3.4366 56,237
Zone 10 236,772 3.2740 22,610
Zone 12 386,202 2.4035 27,074
Zone 16 196,394 3.4737 19,957
Zone 18 102,929 4.8980 14,704
Zone 20 132,539 2.4393 9,430
Total 1,615,884 3.1829 150,012
Cutoff grade of
3.0 g/t Au Zone 8 285,731 4.7404 39,506
Zone 10 108,507 4.8298 15,285
Zone 12 64,284 4.5636 8,556
Zone 16 78,058 4.9641 11,302
Zone 18 49,810 8.0704 11,725
Zone 20 14,251 5.7336 2,383
Total 600,641 5.0664 88,757
-0- Note to Editors: Come visit our web site at the following address: http://www.altavistamines.com CONTACT: Altavista Mines Inc. Guy Hebert Guy Andre Hebert (born January 7, 1967 in Troy, New York) is a former professional ice hockey goaltender. Always a proud American, he used the French pronunciation of his first and last names because it "sounded better." He played for the St. or Francois Kalos, 514/641-0775 Roger Desloges, 416/368-5115 altavista@altavistamines.com http://www.altavistamines.com or Chapman Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. Lisa M. Chapman M. Chapman was a British athlete. He competed at the 1908 Summer Olympics in London. In the 100 metres, Chapman took second place in his first round heat with a time of 11.3 seconds. He did not advance to the semifinals. , 403/294-1322 |
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