CALGARY, ALBERTA–(Marketwired – Aug. 13, 2015) – Altitude Resources Inc. (TSX VENTURE:ALI) (“Altitude”) is pleased to announce that it has discovered a multiple near surface mid volatile coking coal deposit at its Altitude North property located in west central Alberta near the town of Grande Cache. The Altitude North property has an area of 7,561 ha 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 and a total of 11 samples were sent for proximal and petrographic analysis. 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 advanced exploration or drilling being carried out on these properties.
To view Location Map please click on the following link: http://media3.marketwire.com/docs/ALI0812_a.pdf
“This is one of the few areas remaining in Alberta which has never been properly explored for coal. Altitude North offers us an excellent opportunity to prove up a potentially significant mid volatile coking coal deposit close to rail and port,” said Gene Wusaty, Altitude’s CEO. “Additional adjacent coal leases are available and are being evaluated. We are now planning for a larger more comprehensive field program for later this year to further explore the property and determine potential drilling targets.”
Grande Cache serves as the primary population center for the area. The community is accessible via Highways No. 16 and 40 North, as well as by air via the Grande Cache Municipal Airport (10km south). Basic amenities and infrastructure are provided within the community. The area is serviced by rail (Canadian National Railway & Alberta Resources Railway) and has the capacity to accommodate coal unit trains which provide access to either Vancouver or Prince Rupert coal ports. The Grande Cache mine property is located approximately 10km north of the community.
The area consists of mainly forested mountains, with many mountains reaching altitudes upwards of 1800m. Due to the high elevations many of the ridgelines and rocky peaks extend above the timberline and have little to no vegetation, exposing extensive continuous outcrops. These barren ridgelines also serve as ideal structural mapping and sampling locations which are easily and efficiently accessible by helicopter. Additional outcrops are found on exposed ridges along tributary streams of the Sheep River. Gravelled roads, ATV trails, seismic lines, and hiking trails provide limited access to the perimeter of the Property.
To view images please click on the following link: http://media3.marketwire.com/docs/ALI0812b.pdf
To view Coal Outcrop Location Map please click on the following link: http://media3.marketwire.com/docs/ALI0812.pdf
The Grande Cache Member of the Gates Formation is the primary coal-bearing unit present on the property. There are seven main coal seams identified in this Member, with two of these seams, No. 4 and No. 10, showing a continuous regional extent. There is significant property scale variability for these coal seams, requiring detailed local geological mapping to properly define.
Structural geology in the Foothills area of the Rocky Mountain Thrust Belt is characterized by west-dipping sub-parallel thrust faults of varying displacement, with generally northwest-southeast traces. These are accompanied by asymmetrical to overturned folds often with steep west to southwest-dipping axial planes which also trend northwest-southeast. Coal-bearing sediments of the Luscar Group are exposed in a northwest-trending belt bounded by over-thrust Paleozoic or Jurassic Fernie Group sediments to the southwest, and younger mid to upper Cretaceous marine sediments of the Shaftsbury, Dunvegan and Kaskapau Formations to the northeast.
Summary of Surface Exposed Coal Seam, Mapped 2015
|AN15-001a||344820||5979630||1234||0.5||weathered; edges have brown coal||NO|
|AN15-001c||344820||5979630||1234||1.05||weathered; brown coal||NO|
|AN15-004c||351650||5969953||1976||4.2||weathered; pure black||YES|
|AN15-005||351794||5970196||1999||NA||folded seam AN15-004b||NO|
|AN15-006a||339932||5985374||1990||2.41||weathered; clean; no partings||YES|
|AN15-006b||339930||5985392||1994||1.08||weathered; clean; 15 cm of coaly-shale underneath (not sampled)||YES|
|AN15-006c||339944||5985398||1992||5.04||strongly weathered; silty and clean coal with parting (2.15 m coal-2.00 m shaley-coal parting; 1.00 m coal)||YES|
|AN15-006d||339960||5985408||1994||2.45||weathered; silty with shaley-coal interval at bottom (1m coal, 1.5 m shaley-coal); shaley-coal not sampled||YES|
|AN15-006e||339964||5985415||1994||1.8||weathered; clean; interbedded coaly-shale; parting of sandstone between 006d and 006e||YES|
|AN15-006f||340057||5985380||1987||1.95||weathered; silty and shaley||NO|
|AN15-006g||340093||5985370||1987||0.97||weathered shaley coal||NO|
|AN15-006h||340093||5985370||1987||1.46||weathered coaly shale||NO|
|AN15-006i||340158||5985450||1971||1.8||strongly weathered; silty coal||YES|
|AN15-006j||340174||5985473||1962||1.6||strongly weathered; clean and coaly-shale||YES|
|AN15-007a||346643||5975872||2068||1.85||weathered; relatively clean; chunky (up to 3 x 1 cm); some coaly-shale above||YES|
|AN15-007b||346655||5975899||2077||NA||weathered; clean and shaley||YES|
|AN15-007c||346770||5975877||2084||4.08||weathered; clean; chunky (up to 10 x 3 cm);||YES|
Eleven individual coal outcrop channel samples were collected in the field for characterization studies. Trenches were dug by hand to expose coal intervals; this prevented the field team from reaching un-oxidised coal. Samples were collected as continuous chips across the exposed seam by the site geologist. Seams were sampled as one, or in some cases two samples were combined where thickness or lithologic variation was apparent. Samples were sealed and transported to the Birtley Coal and Mineral Testing Division of GWIL Industries Inc. in Calgary, AB. The samples were weighed, dried and crushed to minus 12.5 mm in preparation for analysis. The initial series of analysis were Proximate Analysis, Sulphur, FSI and Light Transmittance (LT). The LT test confirms the degree of oxidation the coal has undergone. Petrographic analysis was conducted on 11 samples to ascertain coal rank and composition. The samples were prepared and analyzed by David Pearson and Associates in Victoria, British Columbia.
Raw Coal Sample Analysis
|SAMPLE ID||WET||DRY||12.5mm x 0||ADM%||MOIST%||ASH%||VOL%||F.C.%||S%||FSI||LT%||BASIS|
Raw Coal Results summary:
- The raw coal samples range in ash content from 5.85% to 38.77%, averaging 25.21%.
- The Volatile Matter ranges from 21.07% to 26.37% confirming this is a Mid Volatile Bituminous coal type.
- The Sulphur values are low ranging from 0.25% to 0.47%.
- The very low LT values confirm that this coal is highly oxidized and there for has lost all of its plastic properties.
- The least oxidized sample (AN15-002-003) still had some residual swelling as demonstrated by the 1.5 FSI result.
- The ten higher ash samples were washed at 1.60 sg to obtain clean samples for petrographic analysis.
Clean Coal Sample Analysis
Washing did not improve the FSI results confirming the oxidized nature of the samples. The intent was to produce a low ash sample similar to a clean coal product. These clean samples along with AN15-007c (5.85% ash db) were sent to Pearson Petrography for analysis. The objective was to confirm coal rank through reflectance (Ro Max) measurements. It should be noted that the oxidized nature of these samples makes it difficult to measure reflectance from unaltered Vitrinite grains. The altered nature of these samples required petrographic analysis to be completed using manual observations to minimize altered grain observations.
Clean Coal Petrographic Analysis
|SAMPLE ID||Ro Max||Ash
|AN15-004c||1.04||11.31||78||8.2||84||16||Low Ro value|
|AN15-006bc||1.31||11.97||79.6||6.4||82.8||17.2||High Ro value|
The results are encouraging as they show a good mid-volatile coal rank of Ro 1.14 to 1.20 which is optimum for coking coals. There are two anomalous results at Ro 1.04 and Ro 1.31 which are outside the range. The Ro. 1.04 sample is from the uppermost seam in the stratigraphic sequence on the south property and this may be a real result. The Ro. 1.31 sample appears anomalous as the adjacent seams are Ro.1.19. More work needs to be done to determine if there is a structural element here that causes the rank juxtaposition.
Overall, the average Ro is 1.18, the Vitrinite content is 66.51% and the reactive/inert ratio is 3.09/1. This suggests the unoxidized coal should have excellent coking properties and produce a high Stability coke after carbonization.
Gene Wusaty, Altitude’s Chairman, a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this release.
Altitude Resources Inc. is a Canadian coking coal company focused on developing its Palisades Coal Project located northwest of Hinton, Alberta, Canada as well as its interest in the Elan project in southwestern Alberta. The Elan and Palisades Coal Projects are located in close proximity to CP and CN Rail respectively which have capacity to provide transport of coal to deep-water ports on the west coast of Canada to service the growing demand from world markets.
Neither the 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 news release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward looking information” within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the size and quality of the Company’s mineral resources, progress in the development of mineral properties, future capital and operating expenses, the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs and the anticipated production schedule. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is based on assumptions that have been made by the Company as at the date of such information, including those assumption described in the Company’s technical report entitled “Resource Estimate of the Palisades Coal Property” dated November 28, 2011 which is available at www.sedar.com. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the future price of coal, industry market trends and predictions, the estimation of mineral reserves and resources, operating and exploration expenditures, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations including changes in government policies, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage, regulatory matters, and other risks described in the public filings of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Investors: Doug Porter