Feb 28 2017
Altitude Resources Inc. ("Altitude") is pleased to announce that ithas acquired new Alberta Crown coal lease applications adjoining its Altitude North property in west central Alberta. The additional coal leases cover an area of 3,367 hectares (see map) and are located near Grande Cache, Alberta - approximately 60 km north-west of the company's Palisades Coal Project and less than 10 km from the Grande Cache Coal Mine property. The Altitude North Project is in close proximity to CN rail which has spare capacity and the coal can be shipped to either Vancouver or Prince Rupert ports which have spare capacity. The addition of the new leases increases the company's land position at its Altitude North Project to approximately 12,460 hectares.
"Altitude North is one of the few areas remaining in Alberta which has never been properly explored for coking coal. The property is located next to the Grande Cache coal mine. It offers us an excellent opportunity to prove up a potentially significant mid volatile coking coal deposit close to rail and port with spare capacity," said Gene Wusaty, Altitude's CEO. "We are now planning a field program for 2017 to further explore the property and determine potential drilling targets."
Altitude North Coal Lease Extension Location Map
In 2014 Altitude Resources Inc.announced that it had discovered a multiple near surface mid volatile coking coal deposit at its Altitude North property. The property stretches over a length of 23 km (northwest to southeast). Seven individual seams were identified ranging in estimated true thickness from .3 to 6.0 meters. Significant coal seam intersections were identified and stretch along the entire extent of the property. Testing indicated the coal rank to be Mid Volatile Coking coal. Initial historic Alberta government exploration reports showed some coal outcrops which were identified from field work in the 1960 - 1980s but there are no reports of any field drilling.
Gene Wusaty, Altitude's Chairman, a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this release.