Altius Minerals: Aurora Energy Reports Additional Drilling Results from the Central Mineral Belt Uranium District, Labrador, Canada.ST. JOHN'S, Newfoundland And Labrador Newfoundland and Labrador, province, Canada Newfoundland and Labrador (ny  `fənlənd, ny -- Aurora Energy Inc., a private company in which Altius owns a 43-per-cent equity interest, has received additional drill core assay results from the Central Mineral Belt uranium project in Labrador, Canada. Earlier today, project operator Fronteer Development Group has reported assay results from a series of drill holes that tested two additional target areas in the district, Jacques Lake and Otter Lake, which are located approximately 25 km and 30 km, respectively, east-northeast of the historic Michelin uranium deposit. At Jacques Lake, seven shallow drill holes encountered near surface uranium 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. in four holes.The best result was from drill hole JL-05-05. Fronteer reports 0.10% U3O8 over 9.2 metres including 0.20% over 2.1 metres from this hole. At Otter Lake, four out of ten holes drilled intersected bedrock uranium mineralization in three distinct areas within a large radiometric anomaly identified by the 2004 airborne survey.The best results from this area of drilling came from the Otter South target, from which Fronteer has reported uranium values of 1.0% U3O8 (22 pounds uranium per tonne) over 0.5 metres in drill hole OL-05-04. Please refer to Fronteer's News Release for further technical details and highlights. In addition to its 43% equity interest in Aurora Energy Inc., Altius holds a 2-per-cent gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. royalty relating to uranium and 2-per-cent net smelter return royalty on production of base metals and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. covering the project. Should Aurora Energy Inc. not list as a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. by June 17, 2006, Altius can increase its equity interest to 50 percent for $2.5 million, which is half of Aurora's 2005 exploration budget and by relinquishing its royalty interests covering the project. Altius has a royalty interest in the Voisey's Bay nickel district in Labrador, Canada, where production has commenced and first metal concentrates have been shipped. It holds 43% of Aurora Energy Inc. plus royalty interests in its Central Mineral Belt uranium project and 30% of Rambler ram·bler n. 1. One that rambles: tourists and Sunday ramblers on the village streets; a conversational rambler. 2. A type of climbing rose having numerous red, pink, or white flowers. Metals and Mining plc, which owns the Rambler copper-gold project.Altius also has a diverse portfolio of exploration properties that are largely financed by select joint venture partners. David Barbour, P.Geo., is the qualified person for Altius on the Central Mineral Belt project. Uranium resources referred to for the Michelin deposit are historical in nature, predate, and are non-compliant with National Instrument 43-101. Altius has not undertaken an independent investigation of the resource estimate or independently analyzed the results of the previous exploration work in order to verify the classification of the resources, and therefore the historical estimates should not be relied upon. Altius believes these historical estimates provide a conceptual indication of the potential of the property and are relevant to continuing exploration. The drill core was prepared and analyzed in accordance with industry standards by Activation Laboratories Ltd., Ancaster, Ontario. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release. Altius Minerals Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. ) |
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