Altair Looking Forward: the Invictus Zinc Prospect, Mitrovica, Kosovo
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ALTAIR LOOKING FORWARD: THE INVICTUS ZINC PROSPECT, MITROVICA, KOSOVO
VANCOUVER, BRITISH COLUMBIA – JANUARY 17 , 201 7: ALTAIR RESOURCES INC. (“Altair” or the
“Company”) (TSX -V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP ) Mr . John
Huguet, Chairman of the Board and CEO, provides the following update:
We have just released the geological assessment of the technical reports for the Invictus Zinc Project on
our 90% owned, 9.8 square kilometer Cerpulje Li cense, Mitrovica, Kosovo (see news release Ja nuary
11th, 2017). This release featured, among many other news -worthy items, the four new discoveries
made on the property in 2016. Importantly, the discoveries included some of the highest grade z inc
samples produced through exploration in the industry over the past several years. Our trenching results
now include over 450 meters of chip sampling over vario us widths at multiple locations with grades
ranging from 2% to 40% zinc, and averaging 25% zinc and 2.5% lead. While these are only chip samples,
they provide guidance for the Board to make targeting decisions. The Board knows we need to test this
property with diamond drilling, and today has signed our first diamond drilling contract with the local
subsidiary of Cabo Drilling. The project will start this March, with drilling to commence April 5th,
weather permitting. If possible a gravity program will precede the drilling program. We have just closed
our financing and have funds in hand to complete this program.
We will initially test the z inc continuity in a target zone 500 meters long by 300 meters wide and 50
meters deep. The geologists have identified this zone as containing smithsonite mineralization, thereby
explaining the high grades we have encountered. Smithsonite mineralization is usually caused by the
supergene cycle of enrichment overlying the hypogene cycle. W e intend to test the depth of these
surface showings and test the continuity of this occur rence with the first phase of our drill
program. This will be a results -driven drill program. If we are successful in proving up continuity it is
most likely we would expand the drilling, both in length and depth to further test the extent of the zinc
mineralization. If this were the case Altair would go back to the market for additional financing. If the
results do not justify going further we will close up the project.
The zone encountered so far on the property extends for a strike length of over 5,000 meters, open to
the South, with widths ranging betwee n 200 and 500 meters. Work in 2007 and 2008 by Lydian, a
previous operator , tied some of the surface showin gs to zinc mineralization down to 400
meters. Fortunately for Altair, they stopped short of the new discovery zones. Our local technical team,
headed by Professor A. Kodra, PHD, Geology, who co-authored the bo ok on the Geology of Kosovo, is
responsible f or the new discoveries. We have recently strengthened our technical team with the
addition of Stewart A. Jackson, PHD, P. Geo and Qualified P erson. Dr. Jackson brings over 50 years of
exploration experience to the team. He has worked on some of the maj or zinc discoveries on a world
wide scale including, Pine Point, Pyramid, Red Dog and the Tennessee zinc districts. Stewart tells us that
deposits with these characteristics can be potentially of district scale, and can also be identified fairly
early in the drilling program. While failure is always a possibility, and one must be prepared for this, the
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prospect justifies fully the steps we have now committed to take: testing for the continuity with
diamond drilling. There is a definite risk / reward factor here. We should be able to determine the next
appropriate steps with these initial results.
The Invictus P roject is located just 20 kil ometers from the Trepja Mining C omplex which had been in
production commercially since 1920, with some records stretching back to the time of the Romans. Zinc
grades varied over a broad range, throughout the 90 plus years of commercial production. Zinc was
mined from near surface to depths below 1,400 m eters. At its peak the Trepja M ine employed over
20,000 work ers. Kosovo is a mining friendly jurisdiction , with a young workforce and infrastructure
readily available.
The contents of this press release have been reviewed and approved by Dr. Stewart A Jackson, P.Geo. a
Technical Advisor to the Company, and a Qualified Person under National Instrument 43-101.
To learn more about Altair, please visit http://altairresources.com.
ON BEHALF OF THE BOARD,
“John Huguet”
John Huguet, FCPA, FCMA
Chairman and CEO
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.