ALS Altius Minerals Corporation

Mr. Ian Rozier, President of Newport Exploration Ltd. ("Newport" or the
"Company") (TSX VENTURE:NWX), is pleased to provide information with respect to
the operators on permits in Australia that are subject to the Company's oil and
gas royalty interests and an update on metallurgical work conducted on core from
the Chu Chua copper-gold project in British Columbia.


Oil and Gas Royalty Interests, Australia

As disclosed in financial statements and reported in various news releases since
September 2002, the Company holds a 2.5% overriding royalty on several oil and
gas permits in the Cooper Basin in Australia. These permits are being operated
variously by Drillsearch Energy Limited ("Drillsearch")
(www.drillsearch.com.au), Beach Energy Ltd. ("Beach") (www.beachenergy.com.au),
and by Santos Ltd. ("Santos") (www.santos.com), with the most active permits
currently being PEL 91 and PEL 106. The Company received royalty payments of
Cdn$3.834 million dollars for the first quarter of 2014.


The royalties are all non-operating interests and the Company consequently
cannot speculate on production, development plans, or potential revenues.
Interested shareholders and potential investors are encouraged to access the
information released independently by Drillsearch, Beach and Santos, which are
all major Australian oil and gas exploration and production companies. 


All royalty payments received by the Company will continue to be reported in our
financial statements.


Chu Chua, British Columbia

The initial resource estimate for the Chu Chua deposit was reported in a News
Release dated June 26th, 2012, and a NI 43-101 Technical Report was filed on
SEDAR on August 16th, 2012. A preliminary metallurgical testing program was
reported in a New Release dated October 10th, 2013. Initial metallurgy tests
completed by ALS Metallurgy, Kamloops, BC ("ALS"), reported that copper
recoveries for the base case rougher test were 58.5%, with poor
chalcopyrite-pyrite liberation at a course 152 micron (um) grind size. Five
additional rougher tests at increasingly finer grind sizes (down to 51 um) and
variable pH reported much improved copper recoveries to a maximum of 92.2%; with
gold and silver recoveries of 35.5% and 61.3%, respectively (51 um grind size
and pH 12 test parameters). A single preliminary cleaner floatation test
utilizing a 16 um re-grind of the rougher concentrate produced a 22.4% copper
concentrate. Further metallurgical tests will be conducted in an effort to
improve further on pyrite selectivity and increase cleaner flotation concentrate
copper grades. 


Mr. Kris Raffle, P.Geol., of APEX Geoscience Ltd. is the Qualified Person who
reviewed the scientific and technical information with respect to the Chu Chua
project contained in this News Release.


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the accuracy or adequacy of the contents of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Newport Exploration Ltd.
Barbara Dunfield
Director and Chief Financial Officer
604-685-6851
604-685-6493 (FAX)
info@newport-exploration.com
www.newport-exploration.com

Altius Minerals (TSX:ALS)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024

Altius Minerals (TSX:ALS)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024