Vancouver, British Columbia - ALTAIR RESOURCES INC. ('ALTAIR' or the Company') (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W2004; WKN: WKN A2ALMP) George S. Young, Chairman and CEO of Altair Resources Inc. is pleased to provide this shareholder update and to announce the addition of experienced geologists to its exploration team.
Ongoing Acquisition Programs
Altair continues its acquisition efforts in Burkina Faso including the Marbera Project. With the consultation of its Country Representative, Mr. Toussaint Bamouni, Altair retains good relations with government officials in Burkina Faso and keeps apprised of current events as they unfold in the country. The Company has also evaluated a number of additional projects and continues to pursue financing alternatives. In Kazakhstan, Altair also continues its efforts to pursue financing for project acquisitions, including with and through Mr. Nicholas Jeffery, a seasoned financial professional recently appointed to the Company's Advisory Board as announced in the Company's press release of June 22, 2022.
Engagement of Exploration Team and New Project
Evaluation In addition to maintaining its acquisition efforts on previously-announced projects, the Company has received a number of gold, nickel, cobalt and copper property exploration submittals from contacts in Brazil, as well as a number of gold exploration property submittals in the Western United States. In Brazil the Company is in the process of engaging Metallon Exploration & Mining Inc, a Brazilian consulting company with a team of exploration and mining associates with intricate knowledge of the country's panorama in precious and base metal projects in all development stages. The company is headed by Mr. Hercules Guionis, a senior mining engineer resident in Brazil since 1993. Metallon's exploration team of professionals is monitored by Mr. Jose Alirio Lenzi, a permanent part time consultant and advisor associated to Metallon for more than 15 years and who will actively assist in property evaluations. Mr. Lenzi is a senior economic geologist with a 39-year track record of picking winner prospects. He has extensive experience in all phases of mineral exploration from grassroots to feasibility and held board or senior leadership roles with successful exploration and mining companies in South America. His efforts to date have eventually culminated in the discovery and development of gold projects that sum all together over 10 million ounces of gold. Mr. Lenzi graduated from the Unisinos University, Rio Grande do Sul, in 1980 and has since held senior positions with renowned mining and exploration groups such as the Votorantim Group (cement & coal), the CMP Group in Uruguay (gold & base metals), American Resources, TVX Gold, Geoplan-EBX Group, Brazilian International Goldfields, Anaconda Mining Inc, Goldmarca Ltd (Peru & Ecuador), Mining Ventures-Denhan Capital and Albrook Gold, with an emphasis in the prolific Tapajos gold camp. He has assisted and has been instrumental in a number of take overs and market oriented endeavors to finance early stage gold projects, with an acknowledged reputation with international investors with respect to his find rate
In the Western United States, the Company has engaged Mr. Stephen McKay to assist in not only evaluating property submittals but also in staking new claims where deemed advantageous. Mr. McKay is a seasoned exploration geologist with over 30 years of experience in gold and base metals in the Western United States. As the principal of McKay Mineral Exploration for over 9 years, Mr. McKay has assisted clients with their mineral exploration needs, beginning with mineral target evaluation, to land negotiations, to mine development, including staking mining claims, geochemical and geophysical sampling, mapping, setting up drilling programs and reclamation programs. His previous work experience includes as a Geologist and Exploration Field Manager for North American Exploration in Utah for 15 years, as well as serving as an Exploration Manager for Nevada Star in Mexico and Alaska and Interior Exploration in Alaska. Mr. McKay has recently staked a gold property in Nevada that the Company is evaluating at this time for potential acquisition. He will also be assisting the Company with further work on the Company's Simon project. George S. Young said 'While we continue to work in West Africa and Central Asia as conditions in those jurisdictions stabilize, we are availing ourselves of opportunities in the Western Hemisphere as well. We are most pleased to welcome Metallon Exploration & Mining Inc, and their principal consulting economic geologist to work with us at Altair. I first became acquainted with Jose in 1992 as we worked together on the San Gregorio project in Uruguay for American Resource Corporation. Jose possesses unique skills in identifying and delineating economic mineralization and will be invaluable to the Company with his experience in Brazil. We also are quite fortunate to be able to engage the services of Stephen McKay, a very respected geologist who is especially adept at identifying and staking gold and base metal mineralization in the Western United States. I witnessed his proficiency in claim staking on a large lithium project in the Great Basin in 2017 - 2019. We will benefit greatly from Metallon's, Jose's and Stephen's knowledge of the industry, their numerous contacts, and their expertise. We look forward to adding additional value to the Company's prospects at the same time as Altair continues its acquisition and development programs in Burkina Faso.'
About Altair Resources Inc.
Altair Resources' (TSX.V: AVX) primary focus is targeting the acquisition and development of gold projects in Burkina Faso and advancing with its Simon project in Nevada. Burkina Faso is second in gold production in West Africa with four major mining companies operating successfully and 16 gold mines and one zinc mine that have reached production.
Contact:
George S. Young
Chairman, CEO
Altair Resources Inc.
T: +1 (806) 886- 3317
E: gyoung@altairresources.com
WEB: www.altairresources.com
Forward-Looking Statements:
This press release contains forward-looking statements with respect to the Company. By their nature, forward-looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as 'anticipate', 'will', 'expect', 'may', 'continue', 'could', 'estimate', 'forecast', 'plan', 'potential' and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the completion of the private placement and the Company receiving regulatory approval to the partial revocation order. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the Company receiving regulatory approval to the private placement and the partial revocation order application. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
ALTAIR RESOURCES INC. 