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Altair Stakes 77 Unpatented Mining Claims Around its Pan American Mine, Near Pioche, Nevada, USA
Jun. 22, 2017 09:01AM PST
Base Metals Investing ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSXV: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy) Shipes is pleased to announce addition of 77 unpatented mining claims comprising 1,540 acres to the Pan American Mine, Comet Mining District, Lincoln County, Nevada, USA. The staking of these claims more than doubles the Altair holding in …
ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSXV: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Harold (Roy) Shipes is pleased to announce addition of 77 unpatented mining claims comprising 1,540 acres to the Pan American Mine, Comet Mining District, Lincoln County, Nevada, USA. The staking of these claims more than doubles the Altair holding in the area, and protects the mine from encroachment while possible extensions are explored.
As quoted in the press release:
The Pan American Mine is a fully developed room and pillar mine previously and lastly operated by Bunker Hill Mining at a rate of 1500 tons per day. Output from the mine was processed in the Caselton Mill, 16 miles from the mine, averaging 2.7% zinc, 1.8% lead, 1.6 ounces of silver per ton and 8.6% manganese. Bunker Hill records indicate an historical resource of 1.7 million tons, of which 732,000 tons were developed for mining. Workings are currently flooded. Permitting of mine dewatering and mine planning with a view to permitting re-start of mining will commence immediately. The reader is cautioned that there are no current reserves or resources on the property under National Instrument 43-101.
