Posted in | Coal | Mining Business

Altitude Resources Buys Additional Alberta Crown Coal Lease Applications Adjoining Altitude North Property

Altitude Resources Inc. is pleased to announce today that it has acquired additional adjacent Alberta Crown coal lease applications adjoining its Altitude North property in west central Alberta. The company recently announced that it has discovered a multiple seam, near-surface mid-volatile coking coal deposit at the Altitude North property.

The additional coal lease applications have an area of 640 hectares and the entire property now encompasses an area of 8,202 hectares and stretches over a length of 23 km (north to south). Significant coal seam intersections were identified and traced south to north along the entire extent of the property. Coal outcrops were sampled for proximal and petrographic analysis which verified historic Alberta government exploration reports which indicated the coal rank to be mid-volatile coking coal.

To view the Altitude North Area Map, please visit the following link: http://media3.marketwire.com/docs/Altitude_North_Area_Map.pdf.

Commenting on the new property acquisition, Gene Wusaty, President and CEO said, "We are adding additional properties with favourable coal structure to our Altitude North Project portfolio. We will be planning another field reconnaissance program for Altitude North for additional mapping, sampling the coal outcrops and identifying future drill targets."

About Altitude Resources

Altitude Resources Inc. is a Canadian coking coal company focused on developing its Palisades Coal Project located northwest of Hinton, Alberta, the Elan Project through its participation in the Elan LP, and the Altitude North Project near Grande Cache, Alberta. All the projects are located in close proximity to rail which has capacity to provide transport of coal to deep-water ports on the west coast of Canada to service the growing demand from world markets.

Gene Wusaty, Altitude's Chairman, a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this release.

Source: http://www.altituderesources.ca/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Submit