AVX Altair Resources Inc

VANCOUVER, June 9, 2017 /CNW/ - ALTAIR RESOURCES INC. ("Altair" or the "Company") (TSXV: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy) Shipes, President and CEO, is pleased to announce that Altair has received its overlimit zinc assays for the six samples previously reported from the high grade zinc mineralization intersected in its initial 2017 diamond drilling on the Crepulje Project, Mitrovica District, Kosovo. 

Hole Number CRP 008 intersected two zones of oxidized zinc mineralization that extend to depth a zone of mineralization previously known from surface trenching. The tabulation below for the uppermost zone beginning at surface extending to 9.8 meters in depth shows on a recalculated basis grades averaging 10.11% zinc, and 0.46% lead. A second interval 8.5 meters in length extending from 32.5 m to 41 m shows on a recalculated basis grades averaging 28.88 % zinc and 1.53% lead. 

All intervals are core length as the true thickness of the zones cannot be established as the attitude of the mineralization is not known.

These very high grade zinc assays substantially increase the zinc potential for the project, and confirm the grades reported for  the high grade oxidized zinc mineralization sampled in Trench No. 2-1a.  As reported in a National Instrument 43-101 Reported  by Perry Grunenberg this trench showed 4m grading 25.60% zinc, 1.56% lead, and 11m grading 20.10% zinc and 1.83% lead.  

Additional drilling on the project is currently evaluating gravity anomalies encountered in a gravity survey encompassing the carbonate belt and the surrounding complex stratigraphy.

Table 1. Restated assay values for zinc and lead CRP 008, Crepulje Project, MitrovicaDistrict, Kosovo.

The restated assays confirm the high grade nature of the zinc occurrences previously sampled and reported for the Crepuljie zinc-lead-silver property from numerous occurrences. Several surface trenches had been reported to exhibit high grade zinc-lead mineralization zones running between 17 to 35 per cent zinc plus lead over 2 to 4 m widths within broader mineralized zones. 

All sampling was conducted under the guidance of MSc. Selim Berisha, Technical Director and Chief Geologist, Kosovo, "A.GJ.A." SH.P.K., supervised by Dr. S.A. Jackson, QP , Technical Advisor to Altair Resources Inc.  Assaying was conducted by ALS Laboratory Services, Bor, Serbia.  Internal standards and blanks are routinely inserted by the Company for Quality Control of Laboratory results.

The technical information in this Press Release has been reviewed and approved by Dr. Stewart A. Jackson PGeo., a Qualified Person under National Instrument 43-101, and a Technical Advisor to the Company.

To learn more about Altair, please visit http://altairresources.com.

ON BEHALF OF THE BOARD,

"Harold Shipes"

Harold Shipes, President &CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Altair Resources