Yahoo! FinanceHome - Yahoo! - Help

PR Newswire

Click for GetSmart's MortgageCenter
Click for GetSmart's MortgageCenter

[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ]


Free real-time quotes for E*Trade(R) customers. Click Here.
Related Quotes
ALTIF
7 1/16
-1/4
delayed 20 mins - disclaimer
Monday December 21, 6:00 am Eastern Time

Company Press Release

SOURCE: Altair International Inc.

Altair Discovers Orebody Extension

CODY, Wyo., Dec. 21 /PRNewswire/ -- Altair International Inc. (Nasdaq: ALTIF - news) today announced the discovery of a significant extension to its heavy mineral sand orebody at Camden, Tennessee. The extension referred to as the Little Benton Orebody is on the north side of the Big Sandy River in an area previously unexplored. The Little Benton extension exhibits the same high-grade titanium mineralization found at Camden.

Altair's discovery drill hole, MR-177, encountered significant mineralization; and subsequent follow-up rotary drilling identified a flat-lying mineral body contiguous with the known Camden deposit. Resource modeling has commenced at Little Benton. Resource size and grade are being analyzed. Results will be released as they are available.

``The Little Benton extension potentially adds several years of mine life and value to the Camden project,'' said Dr. William Long, President of Altair. ``Altair's corporate focus remains on development of the known resource area with design and development of the Camden pilot plant progressing on schedule.''

Altair International is in the final development stages of commercializing its state-of-the-art technology, the Altair Centrifugal Jig, which recovers extremely fine, heavy particulate matter using a combination of a mechanical jig and centrifugal force. Potential applications include gold/mineral recovery, coal cleaning and environmental remediation. Altair is the 100% owner of a large titanium/zircon mineral deposit in Tennessee.

This press release may be deemed to contain certain forward-looking statements with respect to the Company that are subject to risks and uncertainties that include, but are not limited to, those identified in the Company's press releases or discussed from time to time in the Company's Securities and Exchange Commission filings. Actual results may vary materially.

News releases and other information on Altair can be accessed at no charge at Web Site www.altairint.com.

SOURCE: Altair International Inc.


More Quotes and News:Altair International Inc (Nasdaq:ALTIF - news)
Related News Categories: construction, machinery, mining/metals

Help

Copyright © 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
See our Important Disclaimers and Legal Information.
Questions or Comments?