VANCOUVER, BRITISH COLUMBIA – JANUARY 17, 2017: ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSX V: AVX; Germany
FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. John Huguet, Chairman of the Board and CEO, provides the following up
date:
We have just released the geological assessment of the technical reports for the Invictus Zinc Project on our 90% owned,
9.8 square kilometer Cerpulje License, Mitrovica, Kosovo (see news release January 11th, 2017). This release featured,
among many other news-worthy items, the four new discoveries made on the property in 2016. Importantly, the discoverie
s included some of the highest grade zinc samples produced through exploration in the industry over the past several yea
rs. Our trenching results now include over 450 meters of chip sampling over various widths at multiple locations with g
rades ranging from 2% to 40% zinc, and averaging 25% zinc and 2.5% lead. While these are only chip samples, they provi
de guidance for the Board to make targeting decisions. The Board knows we need to test this property with diamond drill
ing, and today has signed our first diamond drilling contract with the local subsidiary of Cabo Drilling. The project
will start this March, with drilling to commence April 5th, weather permitting. If possible a gravity program will prec
ede the drilling program. We have just closed our financing and have funds in hand to complete this program.
We will initially test the zinc continuity in a target zone 500 meters long by 300 meters wide and 50 meters deep. The
geologists have identified this zone as containing smithsonite mineralization, thereby explaining the high grades we hav
e encountered. Smithsonite mineralization is usually caused by the supergene cycle of enrichment overlying the hypogene
cycle. We intend to test the depth of these surface showings and test the continuity of this occurrence with the first
phase of our drill program. This will be a results-driven drill program. If we are successful in proving up continuity
it is most likely we would expand the drilling, both in length and depth to further test the extent of the zinc mineral
ization. If this were the case Altair would go back to the market for additional financing. If the results do not just
ify going further we will close up the project.
The zone encountered so far on the property extends for a strike length of over 5,000 meters, open to the South, with w
idths ranging between 200 and 500 meters. Work in 2007 and 2008 by Lydian, a previous operator, tied some of the surfac
e showings to zinc mineralization down to 400 meters. Fortunately for Altair, they stopped short of the new discovery z
ones. Our local technical team, headed by Professor A. Kodra, PHD, Geology, who co-authored the book on the Geology of
Kosovo, is responsible for the new discoveries. We have recently strengthened our technical team with the addition of S
tewart A. Jackson, PHD, P. Geo and Qualified Person. Dr. Jackson brings over 50 years of exploration experience to the
team. He has worked on some of the major zinc discoveries on a world wide scale including, Pine Point, Pyramid, Red Do
g and the Tennessee zinc districts. Stewart tells us that deposits with these characteristics can be potentially of dis
trict scale, and can also be identified fairly early in the drilling program. While failure is always a possibility, an
d one must be prepared for this, the prospect justifies fully the steps we have now committed to take: testing for the c
ontinuity with diamond drilling. There is a definite risk/ reward factor here. We should be able to determine the next
appropriate steps with these initial results.
The Invictus Project is located just 20 kilometers from the Trepja Mining Complex which had been in production commercia
lly since 1920, with some records stretching back to the time of the Romans. Zinc grades varied over a broad range, thr
oughout the 90 plus years of commercial production. Zinc was mined from near surface to depths below 1,400 meters. At
its peak the Trepja Mine employed over 20,000 workers. Kosovo is a mining friendly jurisdiction, with a young workforce
and infrastructure readily available.
The contents of this press release have been reviewed and approved by Dr. Stewart A Jackson, P.Geo. a Technical Advisor
to the Company, and a Qualified Person under National Instrument 43-101.
To learn more about Altair, please visit http://altairresources.com.
ON BEHALF OF THE BOARD,
“John Huguet”
John Huguet, FCPA, FCMA
Chairman and 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.
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