Altair Gold Appoints Feisal Somji as Director
18 July 2013 - 11:28PM
Access Wire
Vancouver,
BC - July 18, 2013: Altair Gold Inc. (TSX-V: AVX; "Altair" or "the
Company") is pleased to report that it has appointed Feisal Somji
as a Director to its Board.
Mr. Somji
has over 20 years of experience in the mining industry ranging from
grassroots exploration to mine development. He has acted as an
officer and director of several public companies involved in
diamond, gold, silver, copper, base metal and platinum assets in
Canada, Mexico, Brazil, Philippines, Peru, Columbia and
Africa.
Most recently, Mr. Somji
was the founder, President and CEO of Rio Alto Mining Ltd., which
achieved commercial production in 2011 at the La Arena gold-copper
mine in Peru, at an annualised rate of approximately 150,000 ounces
of gold. Mr. Somji provides expertise in areas of corporate finance
and governance. He has raised over $ 125 million and helped several
companies list on the TSX Venture Exchange.
Mr. Somji has a B.Sc.
from the University of British Columbia and an MBA from Queens
University.
"Feisal brings
experience, relationships and knowledge to Altair's Board and we
look forward to his contribution to the development of Altair's
Kena Gold project," said Altair Gold President and CEO, Fayyaz
Alimohamed.
The Kena Property,
located seven kilometers south of Nelson, British Columbia, is
readily accessible by Highway 6 and several major logging roads. It
comprises 152 claim units totaling an area of 7,609 hectares (76.1
km?). The property covers approximately 10 kilometers of strike
length on a district-scale gold-copper system.
The mineral resource
statement for the Kena Gold Property, as extracted from the 2013
Kena Technical Report, is summarized in the table below. The
effective date of this resource estimate is February 7, 2013. The
mineral resource statement is reported at a cut-off grade of 0.3
gpt gold.
Mineral Resource Statement, Kena
Gold Property, British Columbia, Giroux and Park, May 15, 2013.
COMBINED KENA AND GOLD
MT. (KGM) ZONE
At a 0.3 g/t cut-off
------------------------------------------------------------
|Category |Tonnes |Grade Au (g/t)|Au Ounces|
|----------------------------------------------------------|
|Measured |6,690,000 |0.77 |165,000 |
|----------------------------------------------------------|
|Indicated |18,600,000|0.54 |325,000 |
|----------------------------------------------------------|
|Measured and Indicated|25,280,000|0.60 |490,000 |
|----------------------------------------------------------|
|Inferred |90,440,000|0.48 |1,399,000|
------------------------------------------------------------
The Qualified Person for the
Kena Gold
Property is Mr. Warner Gruenwald, P.Geo. and VP Exploration for
Altair.
For
further information, please contact Fayyaz Alimohamed at (604)
641-1305, or e-mail info@altairgold.com.
ON
BEHALF OF THE BOARD
"Fayyaz Alimohamed"
Fayyaz Alimohamed,
President & CEO
Neither the 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.
Forward-Looking Statement
Caution:
This news release contains forward-looking statements
within the meaning of Canadian provincial securities laws
applicable to the Company, regarding the ongoing exploration and
development activities at the Company's Kena gold property.
Although the Company believes that such statements are reasonable,
it can give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions that any
forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward-looking statements as a result of
various factors, including, but not limited to, variations in the
nature, quality and quantity of any mineral deposits that may be
located, the Company's inability to obtain any necessary permits,
consents or authorizations required for its activities, the
Company's inability to produce minerals from its properties
successfully or profitably, to continue its projected growth, to
raise the necessary capital or to be fully able to implement its
business strategies. The reader is referred to the Company's
reports, publicly available through the Canadian Securities
Administrators' System for Electronic Document Analysis and
Retrieval (SEDAR) at www.sedar.com for a more complete discussion
of such risk factors and their potential effects.
All of the Company's public disclosure filings may be
accessed via www.sedar.com, and readers are urged to review these
materials, including any technical reports filed with respect to
the Company's mineral properties.
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