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St. John�s � Altius announces that additional drill core assay results have been received for four drill holes from its Kamistiatusset iron ore property located in the iron ore mining district in western Labrador, Canada.
The highlights of these results are from hole K-08-09, which assayed 29.07% Fe (iron) over 75.85 metres and K-08-10 which assayed 31.80% Fe over 61.37 metres. Mineralization is dominated by magnetite-rich iron formation. The initial results from a 24 drill hole, 6008 metre program were reported on Oct 29, 2008 (news release 08-14). Summarized assay results from the four drill holes are provided in the table below.
TABLE OF Kamistiatusset ASSAY RESULTS
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hole ID
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from
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to
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width (m)
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true width (m)
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Fe %
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magnetite
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MgO %
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CaO %
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Mn %
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K-08-07
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65.80
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109.03
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43.23
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37.81
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27.57
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27.85
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3.15
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5.74
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0.37
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K-08-08
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83.95
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111.90
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27.95
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27.61
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29.39
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26.68
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2.36
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3.20
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2.14
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K-08-09
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137.30
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213.15
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75.85
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66.34
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29.07
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23.25
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2.35
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2.65
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1.78
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K-08-10
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238.73
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300.10
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61.37
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55.68
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31.80
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27.88
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1.64
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3.40
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1.15
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Notes: True widths are estimated; hole K-08-07 interval includes 3.25 m cut to 0% Fe; hole K-08-09 interval includes 4.45 m cut to 0% Fe; holes K-08-04 and -05 did not reach target depth and no samples were collected.
Drilling was conducted in three principal target areas to test interpreted and locally outcropping iron formations associated coincident gravity and airborne magnetic anomalies. From south to north these target areas are named Mills Lake (K-08-07), Mart Hill (data pending) and Rose Lake (K-08-08, 09, 10). A location map and drill sections for these drill
holes may be viewed at http://www.altiusminerals.com/kamistaitussett.php . Drill core samples from the remaining drill holes have been submitted for analysis and final results are expected in early 2009.
Altius signed an agreement in June 2008 with Norvista Resources Corporation regarding the Kamistiatusset property.
Please see news release PR08-08 for details at http://www.altiusminerals.com/files/PR0808.pdf.
Lawrence Winter , Ph.D., P.Geo., Vice-President of Exploration for Altius, is the qualified person responsible for the technical data presented in this release.
Quality Assurance/ Quality Control
Drill core samples were submitted to SGS Lakefield in Lakefield, Ontario and analyzed for whole rock analysis (major element oxides including total Fe2O3) by lithium metaborate fusion x-ray fluorescence (XRF), FeO by specific leach titration, and Fe3O4 (magnetic iron) by Satmagan. Certified reference materials, duplicates and blanks were routinely inserted in the sample batch. Complete analytical results, including control samples, as well as a detailed description of QA/QC procedures is available at http://www.altiusminerals.com/kamistaitussett.php .
Altius is focused on the generation of mineral projects located principally in Newfoundland & Labrador, Canada
For further information regarding this news release please contact Chad Wells at 1.877.576.2209
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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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Altius Minerals Corporation
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PRODUCTEUR |
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CODE : ALS.TO |
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ISIN : CA0209361009 |
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CUSIP : 020936 |
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Altius Min. est une société basée au Canada. Altius Min. est productrice de fer, de charbon, de cobalt, de cuivre et de nickel au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est VOISEY'S BAY au Canada et ses principaux projets en exploration sont NUIKLAVIK, ALEXIS RIVER, LABRADOR PROJECT, BOXEY POINT, NOTAKWANON, TOPSAILS, KAMISTAITUSSET, TAYLOR BROOK, SOUTH TALLY POND, ROCKY BROOK et VIKING au Canada. Altius Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 908,8 millions CA$ (663,3 millions US$, 619,6 millions €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 1,39 CA$, et son plus haut niveau récent le 24 avril 2024 à 20,97 CA$. Altius Min. possède 43 340 000 actions en circulation. |