Altan Nevada Announces Delay in Filing Annual Disclosure Documents
Altan Nevada Announces Delay in Filing Annual Disclosure Documents
VANCOUVER, BC (April 28, 2020) - Altan Nevada Minerals Ltd. (TSX-V: ANE) ("Altan Nevada" or the
"Company") announces that due to logistical delays caused by COVID -19 pandemic, the Company will
rely on the exemption provided in British Columbia Instrument 51- 515 - Temporary Exemption from
Certain Corporate Finance Requirements of the British Columbia Securities Commission (and parallel
exemptions available in other Canadian jurisdictions) to postpone the filing and delivery of the following
continuous disclosure documents (collectively the "Documents") which would otherwise be required to
be filed by April 29, 2020:
• Annual Financial Statements for the financial year December 31, 2019 (section 4. 2 of NI 51-
102); and
• Management Discussion & Analysis for the financial year ended December 31, 2019 (section
5.1 of NI 51-102).
The Company expects to be able to file the Documents within 45 days of today's date.
Until the Company has filed the Documents, management and other insiders of the Company are
subject to a trading black -out policy that reflects the principles in section 9 of National Policy 11-
207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
An updated on material business developments since the filing of the Company 's interim financial report
for the period ended September 30, 2019 is described below, certain of which have already been
disclosed in prior press releases:
• On October 17, 2019, the Company an nounced it had closed a non- brokered private placement
to raise gross proceeds of $367,500 through the sale of units at a price of $0.05 per unit , with
each unit consisting of one common share of the Company and one common share purchase
warrant entitling the holder to acquire an additional common share at a price of $0.10 for a
period of three years following closing.
• On April 2, 2020, the Company announced the results of a drilling program at its Venus Copper
Project. Highlights of the drilling program were as follows: (i) t he first ever drillholes into the
Venus Copper Project were completed highlighting high priority targets; (ii) mineralised porphyry
quartz monzonite of the Yerington Batholith suite was intersected; (iii) assays confirmed copper,
gold and silver mineralisation in two holes as blebs and disseminated grains of pyrite and
chalcopyrite associated with coarse- grained epidote and calcite intersected in drilling; and (iv)
multiple targets identified for follow up drill testing with three priority targets remain ing untested
and further drilling being required adjacent to the porphyry quartz monzonite.
About the Venus Copper Project
The Venus Copper Project, which is 100% owned by Altan Nevada, is located within the Yerington copper
porphyry district in the Walker Lane mineralized belt in Nevada. It is approximately six miles east -south-
east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada' s
decision t o advance exploration at the Venus Copper Project coincides with the recommencement of
development at Nevada Copper Corp. 's (TSX: NCU) ("Nevada Copper") Pumpkin Hollow Copper Mine
immediately to the north and less than one mile from the tenement boundary.
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Pumpkin Hollow, 100% -owned by Nevada Copper, is a fully permitted project, encompassing both
underground and open cut mines, and is expected to produce an average 50 million pounds of copper
annually over 23 years commencing mid- 2019. Located on- strike from Pumpkin Hollow, Altan Nevada' s
Venus Copper Project now consists of 208 unpatented mining claims covering approximately 4,169 acres
(~16.9 km²), all situated on Bureau of Land Management (Federal) land.
For more information contact:
Paul Stephen
Chief Executive Officer
Email: [email protected]
+61 9322 1788
Cautionary Statement on Forward-Looking Information
Certain statements contained in this press release may constitute forward- looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated", "proposed" and similar expressions and statements
relating to matters that are not historical facts are intended to identify forward- looking information and are
based on the Company 's current beliefs or assumptions as to the outcome and timing of such future
events. Such forward- looking information is subject to risks and uncertainties that may cause actual
results, performance or developments to differ materially from those contained in the statements. In
particular, this press release contains forward-looking information relating to the anticipated filing of the
Company's annual financial statements for the financial year ended December 31, 2019 and
management discussion & analysis for the financial year ended December 31, 2019. Various
assumptions or factors are typically applied in drawing conclusions or making the forecast or projections
set out in forward- looking information. Those assumptions and factors are based on information currently
available to the Company. The forward- looking information contained in this press release is made as of
the date hereof and the Company is not obligated to update or revise any forward- looking information,
whether as a result of new information, future events or otherwise, except as required by applicable
securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should
not place undue reliance on forward- looking information. The foregoing statements expressly qualify any
forward-looking information contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.