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St. John�s � Altius and Cornerstone (TSX.V-CGP) are pleased to report the signing of a 50-50 joint venture agreement to explore a large area of the Labrador Trough in western Labrador and southeastern Quebec for copper, gold and uranium.
The 1032 km2 property covers approximately a 100 km strike length of favourable stratigraphy that hosts numerous copper occurrences and is considered highly prospective for hosting several viable exploration targets including sediment-hosted copper deposits.
The alliance partners will each contribute land holdings in the project area to the venture and equally fund the exploration program. Cornerstone will be the operator of the 2008 exploration program which will consist of an airborne magnetics and radiometrics survey as well as a two month field program of prospecting and geology commencing later in the summer.
The companies are soliciting expressions of interest from major mining companies as prospective joint venture partners to undertake exploration on this large, highly prospective and under-explored property.
The Labrador Trough (or New Quebec Orogen) represents a 1600 km long by 160 km wide fold and thrust belt that comprises sedimentary and volcanic rocks deposited in an Early to Middle Proterozoic continental-rift environment. This is an attractive geological setting for sediment-hosted copper deposits, yet the Labrador Trough represents one of the least explored belts of its kind in the world.
Altius� Vice-President of Exploration, Lawrence Winter, Ph.D., P.Geo., is the qualified person responsible for the technical data presented in this release.
Altius� business activities include the generation and acquisition of projects related to natural resources opportunities mainly located in Newfoundland & Labrador.
For further information regarding this news release please contact Chad Wells.
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Tel: (709) 576-3440 Toll Free: 1-877-576-2209 Fax: (709) 576-3441 Email: info@altiusminerals.com |
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : ALS.TO |
ISIN : CA0209361009 |
CUSIP : 020936 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Altius Min. is based in Canada. Altius Min. produces iron, coal, cobalt, copper and nickel in Canada, and holds various exploration projects in Canada. Its main asset in production is VOISEY'S BAY in Canada and its main exploration properties are NUIKLAVIK, ALEXIS RIVER, LABRADOR PROJECT, BOXEY POINT, NOTAKWANON, TOPSAILS, KAMISTAITUSSET, TAYLOR BROOK, SOUTH TALLY POND, ROCKY BROOK and VIKING in Canada. Altius Min. is listed in Canada and in United States of America. Its market capitalisation is 1.3 billions as of today (US$ 927.4 millions, € 834.2 millions). Its stock quote reached its lowest recent point on March 28, 2003 at 1.39, and its highest recent level on September 19, 2024 at 26.50. Altius Min. has 47 442 200 shares outstanding. |