Altair Resources Inc. (TSXV:AVX)Mining
Altair Resources Inc is a Vancouver-based mining company engaged in the development, exploration, and acquisition of mineral properties such as gold and silver in Canada.
The company claims to developing long term value for its stockholders and generate returns and cash flow.
The company focuses on precious metal and non-ferrous metal exploration and development in Africa, North and South America, Kazakhstan and Central Asia.
The Vancouver-based metals and mining company was founded in 2005. Its stocks traded on the junior equity trading platform, TSX Venture Exchange. The trading symbol is ‘AVX’.
It claims to focus on sustainability, safety and health of its staff and various stakeholders.
The company is engaged in the exploration and development operations in the Central Asia region.
Altair owns 65 per cent interest in the Simon gold and silver property, located in Nevada, the United States. This property reportedly utilizes a low-cost exploration method to discover prime drilling sites in six irregular zones.
The metals and mining firms says that the Nevada-based property is located in the prolific Tonopah district, which consists of various mining projects and Round Mountain gold mine.
In May 2021, the firm announced a non-binding agreement to acquire 65 per cent stake in Simon Property with International Millennium Mining Inc. The Simon property is located approximately 90 kilometers to the east of Hawthorne in Nevada near the Cedar Mountains.
The firm claims that earlier exploration work such as geological mapping, magnetic surveying, mobile metal ion and geochemistry sampling were conducted in 2007-2008.
In June 2021, the mining firm also announced a signing agreement for acquiring Marbera 2 Permit comprising three gold prospects, located in the southwest region of Burkina Faso. Burkina Faso Government holds 10 per cent stake in the property, while the majority is retained by Altair Resources. The three prospects, situated in the Precambrian greenstone terrane of Burkina Faso, covers an area of approximately 17,879 hectares.
The mineral exploration company claims that by 2012, as many as 294,000 samples were taken, and several activities such as reverse circulation drilling, diamond drilling, and trenching were completed on this prospect.
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