Vancouver, BC - June 12, 2013: Altair Gold Incorporated (TSX-V:
AVX; "the "Company" or "Altair") reports that it has SEDAR filed a
technical report, including an updated resource estimate report for
the Kena gold project located near the town of Nelson in
southeastern British Columbia. The report, entitled "Technical
Report for the Kena Property", is dated May 15, 2013 and was
prepared for Altair by Gary Giroux, P. Eng., MASc. and Vivian Park,
P. Geo. (the "2013 Kena Technical Report"). The effective date of
this new resource estimate is February 7, 2013. The mineral
resource statement is reported at a cut-off grade of 0.3 g/pt gold.
This new resource estimate was previously summarized in a news
release by Altair, dated April 11, 2013.
The Kena Property comprises 152 claim units for a total of 7,609
hectares and covers approximately 10 kilometres of strike length on
a district-scale gold-copper system.
Mineral Resource Statement, Kena Gold Property, British
Columbia,
Giroux and Park, May 15, 2013.
COMBINED KENA AND GOLD MT. (KGM) ZONE
at a 0.3 g/t cut-off
------------------------------------------------------------
|Category |Tonnes |Grade Au (g/t)|Au Ounces|
|----------------------------------------------------------|
|Measured |6,690,000 |0.77 |165,000 |
|----------------------------------------------------------|
|Indicated |18,600,000|0.54 |325,000 |
|----------------------------------------------------------|
|Measured and Indicated|25,280,000|0.60 |490,000 |
|----------------------------------------------------------|
|Inferred |90,440,000|0.48 |1,399,000|
------------------------------------------------------------
The increase in the inferred gold resource reflects the
potential for the host to be a larger and more continuous structure
than what had previously been recognized. The 2013 resource
estimate represents a 173% increase in the Inferred estimate.
Mineral resources are not mineral reserves and do not have
demonstrated economic viability. All figures are rounded to reflect
the relative accuracy of the estimate. All composites have been
capped where appropriate.
The Kena Gold Project is located near Nelson, British Columbia.
There are no known legal, political, environmental or other risks
that could materially impact the development of the project.
The 2012 diamond drilling program comprised 7,527 metres in 41
drill holes.
The increase in inferred resource is primarily due to the extension
of the mineralized Kena zone to the northwest resulting in an
interpreted connection of the two main mineralized zones, the Kena
Gold Zone (KGZ) and the Gold Mountain Zone (GMZ). These two zones
are now modeled as one continuous zone, collectively forming what
is referred to as the KGM Zone in the new geologic model.
Both authors of the May 15, 2013 Technical Report for the Kena
Property, are independent of Altair Gold Inc. and the vendor,
Sultan Minerals Inc. The updated 2013 mineral resource estimate was
derived from the incorporation of the 2012 drilling results that
successfully expanded the volume and continuity of the mineralized
zones used in the 2012 resource estimate reported by Giroux and
Grunenberg (see Altair news release dated June 25, 2012). The
technical report by Giroux and Park can be found on the SEDAR
website (http://www.sedar.com/homepage_en.htm).
The 2013 technical report concludes that there is potential to
improve the mineral resource by increasing drilling density through
more drillholes per section on sections that are more closely
spaced, and by stepping out along strike and down-dip.
Additionally, based on preliminary results from the South Gold
zone, and an interpretation of the existence of a property-scale,
potentially mineralizing deformation zone that tracks the contact
between the Elise Fm and the Silver King intrusive, there is a
possibility that gold mineralization may extend southerly on trend
from the KGZ.
Anomalous gold-in-soil results, along with rock sample and
preliminary geophysical interpretation in the area of the Three
Friends and Euphrates showings suggest that additional mineral
resources could be added in these areas; however, additional
surface work and drilling is required. The south half of the
property, toward Gold Cup is under-explored and warrants additional
work.
The Qualified Person overseeing the Company's Kena gold project
is Mr. Warner Gruenwald, P.Geo. and VP Exploration for Altair Gold
Inc.
For further information please contact Fayyaz Alimohamed at
(604) 641-1305, or e-mail info@altairgold.com.
ON BEHALF OF THE BOARD
"Fayyaz Alimohamed"
Fayyaz Alimohamed, President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statement Caution:
This news release contains forward-looking statements within the
meaning of Canadian provincial securities laws applicable to the
Company, regarding the ongoing exploration and development
activities at the Company's Kena gold property. Although the
Company believes that such statements are reasonable, it can give
no assurance that such expectations will prove to be correct.
Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and
similar expressions, or are those, which, by their nature, refer to
future events. The Company cautions that any forward-looking
statements by the Company are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward-looking statements as a result of various factors,
including, but not limited to, variations in the nature, quality
and quantity of any mineral deposits that may be located, the
Company's inability to obtain any necessary permits, consents or
authorizations required for its activities, the Company's inability
to produce minerals from its properties successfully or profitably,
to continue its projected growth, to raise the necessary capital or
to be fully able to implement its business strategies. The reader
is referred to the Company's reports, publicly available through
the Canadian Securities Administrators' System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more
complete discussion of such risk factors and their potential
effects.
All of the Company's public disclosure filings may be accessed
via www.sedar.com, and readers are urged to review these materials,
including any technical reports filed with respect to the Company's
mineral properties.
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