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St. John�s � Altius and Cornerstone (TSX.V-CGP) are pleased to report the signing of a 50-50 joint venture agreement to explore a large area of the Labrador Trough in western Labrador and southeastern Quebec for copper, gold and uranium.
The 1032 km2 property covers approximately a 100 km strike length of favourable stratigraphy that hosts numerous copper occurrences and is considered highly prospective for hosting several viable exploration targets including sediment-hosted copper deposits.
The alliance partners will each contribute land holdings in the project area to the venture and equally fund the exploration program. Cornerstone will be the operator of the 2008 exploration program which will consist of an airborne magnetics and radiometrics survey as well as a two month field program of prospecting and geology commencing later in the summer.
The companies are soliciting expressions of interest from major mining companies as prospective joint venture partners to undertake exploration on this large, highly prospective and under-explored property.
The Labrador Trough (or New Quebec Orogen) represents a 1600 km long by 160 km wide fold and thrust belt that comprises sedimentary and volcanic rocks deposited in an Early to Middle Proterozoic continental-rift environment. This is an attractive geological setting for sediment-hosted copper deposits, yet the Labrador Trough represents one of the least explored belts of its kind in the world.
Altius� Vice-President of Exploration, Lawrence Winter, Ph.D., P.Geo., is the qualified person responsible for the technical data presented in this release.
Altius� business activities include the generation and acquisition of projects related to natural resources opportunities mainly located in Newfoundland & Labrador.
For further information regarding this news release please contact Chad Wells.
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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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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : ALS.TO |
ISIN : CA0209361009 |
CUSIP : 020936 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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 1,2 milliards (903,2 millions US$, 825,8 millions €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 1,39 , et son plus haut niveau récent le 11 octobre 2024 à 26,20 . Altius Min. possède 47 442 200 actions en circulation. |