Altius Provides 1ST Quarter 2018 Project Generation Update
Date:
Ticker Symbol:
24-Apr-2018
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
ALTIUS PROVIDES 1ST QUARTER 2018 PROJECT GENERATION UPDATE
St. John’s - Altius Minerals Corporation (“Altius”) ( ALS:TSX) is pleased to update its Project Generation (“PG”)
business activities and its public junior equities portfolio.
The market value of the junior equities portfolio at the close of trading April 23, 2018 was $52.9 million.
This value includes an increased shareholding in Alderon Iron Ore Corp. (IRON:TSX), as detailed in a press release
dated March 23, 2018. It does not include a $10 million debenture that is convertible into Champion Iron Ore
shares, various in-the-money share purchase warrants or other equities to be received in exchange for
announced project transactions that remain subject to final closing. An updated list of the public equity holdings
has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities.
Project Updates and New Agreements
Altius continued to advance the new diamond discovery at its Lynx project in Manitoba during the quarter with
the execution of an Exploration Agreement with the Bunibonibee Cree Nation
(http://altiusminerals.com/uploads/BunibonibeePressRelease.pdf). Microdiamond analysis data received to
date from 15 samples from the Eastern Bay zone has yielded 1,693 microdiamonds (+0.106 mm to +0.850 mm
size fraction) from 240 kg of ultramafic host units collected over an approximately 3 km strike length. An
independent NI 43-101 report will be provided in Q2 as Altius prepares to launch a new public company vehicle
around the project. This is anticipated to be undertaken in partnership with certain strategic investors in order
to facilitate the advancement of the project through bulk sampling programs as quickly as technically feasibl e.
A project summary is available at http://altiusminerals.com/projects/lynx-diamond. Altius acknowledges
support from the Province of Manitoba via its Mineral Exploration Assistance Program.
Aethon Minerals Corporation (AET:TSX -V) (“Aethon”) is expected to begin trading in the first week of May.
Aethon was created when Altius vended a portfolio of copper-gold projects to Watusi Capital Corp . As a
condition of the transaction , Aethon raised $7.7 million via a non -brokered private placement led by Sprott
Capital Partners and affiliates. A news release detailing the completion of the transaction can be viewed at
http://www.aethonminerals.com. Following the transaction Altius will hold or control approximately 19.9% of
Aethon and a 2% gross sales royalty covering its current portfolio of projects.
A Letter of Intent has been executed to vend the Sail Pond silver-copper-lead-zinc project, located in
northwestern Newfoundland, to New Found Gold Corp. (“NFG”). As consideration, Altius will receive 12 million
common shares of NFG and will retain a 2% net smelter return (“NSR”) royalty over the project. Other key
conditions of the L etter of Int ent include NFG listing its common shares on a recognized Canadian stock
exchange and raising a minimum of $7.5 million via a private placement, of which Altius would invest a minimum
of $1 million. A full summary of the deal terms are available at http://altiusminerals.com/uploads/2018-03-
27-ALTIUS-LETTER-OF-INTENT-TO-SELL-SAIL-POND-PROJECT-.pdf.
Date:
Ticker Symbol:
24-Apr-2018
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
Altius has received 7,754,371 common shares of Sokoman Iron Corp. (SIC:TSX -V) as payment for its option of
the Moosehead gold project in Central Newfoundland while retaining a 2% NSR royalty. A more detailed
account of the transaction and project highlights can be viewed at http://www.sokomaniron.com/news.
Junior Equities Portfolio Highlights
In April, Adventus Zinc Corporation, in which Altius holds an approximately 27% shareholding, released infill
drilling results from the El Domo VMS deposit at its Curipamba copper-lead-zinc project in Ecuador. To date
Adventus has completed approximately 2,100 metres of its planned 7,500 metre program. Seven drill holes
have returned significant intersections of semi-massive to massive sulphide mineralization with a highlight
being drill hole CURI-250 which intersected 10.35 metres grading 3.85% copper, 5.12 g/t gold, 10.34% zinc,
139.0 g/t silver, and 0.95% lead. (See http://www.adventuszinc.com/news/122500)On April 16th, Evrim
Resources Corp. (EVM:TSX-V) announced significant exploration results from its 100%-owned Cuale gold
project in Mexico that included assays from a surface trench that graded 13.61 g/t gold (uncut) over 106.2
metres (http://www.evrimresources.com/s/news-releases.asp?ReportID=821574). Altius holds a 1.5% NSR royalty for
precious metals on the Cuale Project and is Evrim’s largest shareholder with approximately 17% of the
outstanding shares of the company plus additional common share purchase warrants.
On April 4th, Wolfden Resources Corp. announced results from five of the 15 holes drilled in the current 10,000
metre exploration program at its Picket Mountain Project in Maine, with the highlight being an intercept of 7.9
metres grading 14.8% Zn, 5.7% Pb, 2.4% Cu, 187.3 g/t Ag & 1.3 g/t Au from hole PM-18-007. The intent of this
program is to confirm and expand upon historical drilling done in the 1980s as Wolfden works to complete a
qualified mineral resource estimate by year end . (See http://www.wolfdenresources.com/files/News-Apr4-
2018.pdf)
Lawrence Winter, Ph.D., P.Geo., Vice‐President of Exploration for Altius, a Qualified Person as defined by
National Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the scientific and
technical data presented herein and has reviewed, prepared and approved this release.
More information on Altius projects can be found at www.altiusminerals.com.
About Altius
Altius directly and indirectly holds diversified royalties and streams which generate revenue from 15 operating mines. These
are located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and thermal (electrical) and
metallurgical coal. The portfolio also include s numerous pre -development stage royalties covering a wide spectrum of
mineral commodities and jurisdictions. It also holds a large portfolio of exploration stage projects which it has generated
for deal making with industry partners that results in newly created royalties and equity and minority interests. The Altius
exploration team was recently awarded the 2017 Prospector/Explorer Award from the Newfoundland Branch of the CIMM
for its recent work on project generation.
Date:
Ticker Symbol:
24-Apr-2018
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
Altius has 43,215,026 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a
member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
For further information, please contact Chad Wells ([email protected]) or Flora Wood
at 1.877.576.2209