Venus Copper Project – Drilling Update

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VANCOUVER, BC, Canada (August 20, 2019) – Altan Nevada Minerals Limited (TSXV: ANE) (the “Company”) is pleased to confirm the commencement of the company’s maiden drill program on the Venus copper gold target, Yerington District, Nevada, USA. All permitting and earthworks have now been completed and the rig is operational (See figure 1).


Figure 1: Falcon Drilling contract Rig on site at Venus Copper Gold project.

The Venus copper gold project has never been drilled before and is considered to have good potential for the discovery of new deposits of similar size and grade to the adjacent Pumpkin Hollow copper gold mine (see Figure 2).

Figure 2: Altan Nevada Drilling contractor commences operations approximately 1 mile from the Pumpkin Hollow headframe.

This program represents the first drilling program into the project that has been subject to extensive review by leading geo-scientific exploration consultants, Terra Resources Pty Ltd identifying a total of 7 high priority targets to test the potential of Venus to host copper gold mineralisation. Surface geology/ geochemistry, ground magnetics, gravity and induced polarization (IP) surveys have been used to plan and prioritize drilling (Figure 3).

In addition the project is considered to have the potential for discovery of buried porphyry-style copper mineralization with characteristics similar to the Yerington (Anaconda) Mine.

The Venus Project, which is 100% owned by Altan Nevada, is located within the Yerington copper porphyry district in the Walker Lane mineralized belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement of development at Nevada Copper Corp.’s (TSX:NCU) (“Nevada Copper”) Pumpkin Hollow Copper Mine immediately to the north and less than one mile from the tenement boundary. (Figure 4).

Pumpkin Hollow, 100%-owned by Nevada Copper, is a fully permitted project, encompassing both underground and open cut mines, and is expected to produce an average 50 million pounds of copper annually over 23 years commencing mid-2019. Located on-strike from Pumpkin Hollow, Altan Nevada’s Venus Project now consists of 208 unpatented mining claims covering approximately 4,169 acres (~16.9 km²), all situated on Bureau of Land Management (Federal) land.

On behalf of Altan Nevada Minerals Limited

For more information contact:

John L C Jones AM – Chairman

Email: jj@altnev.com

+61 9322 1788

Paul Stephen – CEO

Email: ps@altnev.com

+61 9322 1788

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release

The technical and scientific information in this news release has been reviewed and approved by Barry Bourne, the Company’s VP Exploration, Mr. Bourne is a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators, and a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Altan Nevada about to Commence Drilling – Venus Copper Project

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VANCOUVER, BC, Canada (August 02, 2019) – Altan Nevada Minerals Limited (TSXV: ANE) (the “Company”) is pleased to announce the commencement of the companies maiden drilling program on the Venus copper gold target, Yerington District, Nevada, USA.

Highlights:

  • Drilling contract signed
  • Drilling approvals received
  • Drilling to commence in August

With all approvals now in place and the drilling contract signed, the Company is excited about the prospect of drilling the Venus Prospect.

Drill locations have all been confirmed and sighted with minor earthworks expected to be completed within two weeks in preparation for the arrival of the drill rig on or around the 18th August 2019.

Leading geo-scientific exploration consultants, Terra Resources Pty Ltd, has identified a total of seven high priority targets to test the potential of Venus to host copper gold mineralisation. Surface geology/ geochemistry, ground magnetics, gravity and induced polarization (IP) surveys have been used to plan and prioritize drilling (Figure 1).

In addition to the drilling Altan Nevada recently expanded its claim position by 97 claims (see the Company’s press release dated 1/8/2019). Altan Nevada’s Venus Project now consists of 208 unpatented mining claims covering approximately 4,169 acres (~16.9 km²), all situated on Bureau of Land Management (Federal) land all along strike from the Pumpkin Hollow mineralisation.

The next stage of the exploration program at the Venus Project is to complete the drilling and submit soil samples for assay on the new claims to the south.

Figure 1 – Altan Nevada’s new Venus South claims are shown in blue and existing claims in black. Results of government regional airborne magnetic data shown as colour image. Also shown are Nevada Copper’s deposit locations (red) with mapped structures in black and Altan Nevada’s proposed drilling locations (blue dots) with IP targets in pink/red.

The technical and scientific information in this news release has been reviewed and approved by Barry Bourne BSc (Hons), FAIG, MSEG, MAICD, the Company’s VP Exploration, Mr. Bourne is a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators, and a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.

On behalf of Altan Nevada Minerals Limited

For more information contact:

John L C Jones AM – Chairman

Email: jj@altnev.com

+61 9322 1788

Paul Stephen – CEO

Email: ps@altnev.com

+61 9322 1788

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release

The technical and scientific information in this news release has been reviewed and approved by Barry Bourne, the Company’s VP Exploration, Mr. Bourne is a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators, and a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Altan Nevada Grant Stock Options

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VANCOUVER, BC, Canada (August 01, 2019) – Altan Nevada Minerals Limited (TSXV: ANE) (the “Company”) announces it has granted incentive stock options to certain directors, officers and consultants of the Company entitling them to acquire an aggregate of 5,250,000 common shares a price of $0.10 per common share.  The options have a five year term, expiring on August 1, 2024, and were granted in accordance with the Company’s incentive stock option plan, which was approved by the shareholders at the Company’s annual general meeting on July 13, 2018.

 

On behalf of Altan Nevada Minerals Limited

For more information contact:
John L C Jones AM – Chairman
Email: jj@altnev.com
+61 9322 1788

 

Paul Stephen – CEO
Email: ps@altnev.com
+61 9322 1788

 

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release

Altan Nevada Expands Landholding Venus Copper Project – Nevada

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VANCOUVER, BC, Canada (August 01, 2019) – Altan Nevada Minerals Limited (TSXV: ANE) (the “Company”) is pleased to announce the acquisition of an additional  97 claims covering 2004 acres expanding the company’s existing tenure over the Venus copper gold target., Yerington District, Nevada, USA (Figure 1)

Highlights:

 

  • Additional 2004 Acres of Federal land staked
  • Immediately adjacent and along trend from the Venus Drill Targets
  • Soil Sampling program completed and submission of assays pending


The decision to expand the current landholding of 111 claims was based on a review of the regional airborne and geological data. Several old workings have also been identified within the new claim area.  176 new soil samples have been collected on a 600ft (~180m) x 1500ft (~450m) sample spacing. The soils will be submitted when drilling commences at Venus.

The Venus Project, which is 100% owned by Altan Nevada, is located within the Yerington copper porphyry district in the Walker Lane mineralized belt in Nevada.  It is approximately six miles east-south-east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement of development at Nevada Copper Corp.’s (TSX:NCU) (“Nevada Copper”) Pumpkin Hollow Copper Mine immediately to the north and less than one mile from the tenement boundary.

Pumpkin Hollow, 100%-owned by Nevada Copper, is a fully permitted project, encompassing both underground and open cut mines, and is expected to produce an average 50 million pounds of copper annually over 23 years commencing mid-2019.  Located on-strike from Pumpkin Hollow, Altan Nevada’s Venus Project now consists of 208 unpatented mining claims covering approximately 4,169 acres (~16.9 km²), all situated on Bureau of Land Management (Federal) land.

In summary, Venus is considered to have good potential for the discovery of new deposits of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried porphyry-style copper mineralization with characteristics similar to the Yerington Mine. 

Further exploration work is about to commence at the Venus Project, with a drill rig scheduled to arrive on the property on August 17, 2019. 

Figure 1 – Altan Nevada new Venus South claims shown in blue and existing claims in black.  Results of government regional airborne magnetic data shown as colour image. Also shown are Nevada Copper’s deposit locations (red) with mapped structures in black and Altan Nevada’s proposed drilling locations (blue dots) with IP targets in pink/red.  


On behalf of Altan Nevada Minerals Limited

For more information contact:
John L C Jones AM – Chairman
|Email: jj@altnev.com
+61 9322 1788

 

Paul Stephen – CEO
Email: ps@altnev.com
+61 9322 1788

 

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release

The technical and scientific information in this news release has been reviewed and approved by Barry Bourne, the Company’s VP Exploration,   Mr. Bourne is a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators, and a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Paydirt – Altan testing the boundaries in Nevada

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The article you are about to read reflects the opinions of the original authors of those articles and reports. Please note that such articles or reports do not necessarily represent the opinions of Altan Nevada and Altan Nevada accepts no responsibility for these opinions. In addition, such articles and reports may contain links to internet websites of third parties and Altan Nevada is not responsible for the content, accuracy or timeliness of such websites.
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For further information on any of the articles, please contact the authors directly.

By Michael Washbourne

Nearby corporate activity and the imminent start of drilling at its Venus copper project in the US has Australian explorer Altan Nevada Minerals Ltd bracing for a big finish to 2019.

TSX-listed Altan is set to kick off a new drilling programme to test whether mineralisation from the neighbouring Pumpkin Hollow development continues south into its Venus project.

It comes as prolific copper producer Hudbay Minerals Inc completes a $US30 million takeover of Mason Resources, one of four key players alongside Altan in the copper-rich State Of Nevada.

“That really puts the focus on the area as a great copper development arena and will make for a very interesting scenario should our Venus project deliver the results we expect and prove to potentially be another mine in the Yerington district,” Altan chief executive Paul Stephen told Paydirt.

Pending the award of the required permits, Altan is planning to start drilling at Venus before the end of the month. Contracts for water, earthworks and drilling were recently awarded after the company’s new vice-president exploration Barry Bourne physically sighted and pegged the proposed holes for the programme, as required by Nevada mining laws.

Bourne, formerly head geophysicist for Barrick Gold Corp based in Nevada, also recently met with Altan founder Kelly Cluer — now head of exploration, North America, at Kinross Gold Corp — to discuss the potential outside of the gazetted Venus project area.

“Some of the projects that we’ve inherited look to be very attractive and we will be beginning work programmes on those in parallel to drilling Venus,’ Stephen said.

“It was a pretty productive trip from Barry’s perspective and it looks like we’ve got a couple of projects there that might be real surprise packages. And we will certainly be looking to acquire more ground in and around the existing project that we have.”

Chaired by well-known mining identity John Jones and supported by directors Stephen and Bourne, Altan has also recalibrated a previously disorganised database of project information into a new modernised system, something Stephen said would help the company with potential acquisitions.

Altan Nevada PD July 2019-02

Altan’s review of the historic geochemistry, geophysics, and magnetics has suggested Venus shares multiply characteristics to Pumpkin Hollow which is imminently set to become the first new copper mine developed in the US in more than a decade.

“What we hope to achieve at Venus is to prove up firstly that the anomaly that we’ve got is a copper mineralised sulphide,” Stephen said.

Altan Nevada PD July 2019-01

“Our neighbour Pumpkin Hollow is both open pits and underground. At the moment they are focused very strongly on completing the build of their mill and their underground which is less than a mile from Our drill targets. so we are drilling in very, very close proximity to a near-complete null and underground operation with four satellite open pits.

“We would hope to prove up something that was shallow and open-pittable, but we’re not going to know that until we drill it.”

Stephen, who spent more than a decade With Brazil-focused gold explorer Crusader Resources (now Big River Gold Ltd), said the promising future outlook for copper, coupled with Nevada’s low jurisdictional risk, should garner market attention for Altan should it deliver on the exploration front.

“Earlier in the year we attended a panel discussion hosted by the heads Of some of the largest funds globally and they were asked the question of where they would like to invest their dollars in the minerals sector,” Stephen said.

“All of them unanimously said copper in safe jurisdictions, and when they mean safe jurisdictions, Nevada shows up really as No. 1 on everyone’s books.”

“A lot of the big copper mines are challenged by a lack of new discovery a lack of new development, but what’s really put something of a pause on that has been the commodity price sliding with the trade wars between the US and China.

“I don’t think anybody sees that as being a long-term dynamic, so as that situation resolves itself and as a deficit of copper supply just continues to grow, at some point in time we’re going to see a resurgence of the commodity price.” 

Altan Nevada Minerals Limited Appoints New Officers and Director

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30 May 2019 – Vancouver, British Columbia: Altan Nevada Minerals Limited (the “Company” or “Altan Nevada”) (TSX-V:ANE) announces that the Company has accepted the resignation of Evan Jones as Chief Executive Officer. Mr Evan Jones will continue to serve as a non-executive Director of the company. Altan Nevada’s Chairman Mr John Jones wishes to thank Evan for his service to the Company on behalf of all shareholders and appreciate his desire to remain a director of the Company moving forward.

As a result of Mr. Jones’ resignation, the Company is pleased to announce that Paul Stephen has been appointed Chief Executive Officer and Corporate Secretary. The Company has also appointed Barry Bourne as Vice President of Exploration.

Mr. Stephen has also joined the Company’s board of directors, to hold office until the next annual meeting of the Company. It is the intention of Company management to nominate Mr. Bourne as a director of the Company and seek shareholder approval to fix the number of directors at six at the next annual general meeting of the Company.

Mr Stephen has a Bachelor of Commerce degree from the University of Western Australia and is a member of the Australian Institute of Company Directors. He has held directorships across both ASX and London publicly listed companies and has a strong knowledge of operations and compliance across multiple jurisdictions. Mr Stephen Co-founder and Executive Director of Crusader Resources Ltd oversaw the discovery, development and operations of the Posse Iron Ore mine in Brazil.  In addition Mr Stephen managed the discovery and delineation of over 2.6 million ounces of gold whilst operating in Brazil resulting in the company being valued at over $160M. Mr Stephen has extensive operational experience in mine site servicing and contracting as a founder and Managing Director of Integrated Fuel Services a West Australian company specialising in providing fuel services to mining and aviation throughout Western Australia.

Barry Bourne BSc(Hons), FAIG, MSEG, MAICD is a Principal and Founder of Terra Resources Geophysical and Geological consultants. Barry has advanced global knowledge of targeting epithermal and porphyry style mineralization which includes three years in the USA exploring for porphyry and Carlin style gold mineralisation in Utah and Nevada. He also has six years in-country exploration experience in Papua New Guinea, Africa and South America and is jointly credited with exploration success at Casale, Chile (Luciano Cluster), Kabanga, Tanzania (extension), Tusker, Tanzania (Kilimani Zone) and Ruby Hill, USA (Bullwhacker Extension).  Up until 2013 he was Chief Geophysicist for Barrick Gold and is now a mineral exploration consultant to private and public international exploration groups.  Barry graduated in geology and geophysics from the University of Western Australia (UWA).  He is a Fellow of the Australian Institute of Geoscientists and is currently on the technical advisory committee for UWA Centre for Exploration Targeting.

About Altan Nevada’s Venus Copper Project
The Company’s Venus Copper Project (the “Venus Project“) is located within the Yerington copper porphyry district in the Walker Lane mineralized belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement of development of Nevada Copper Corp.’s (TSX:NCU) Pumpkin Hollow Copper Mine (“Pumpkin Hollow“) immediately to the north and less than one mile from the tenement boundary which is expected to produce an average 50 million pounds of copper annually over 23 years commencing mid-2019. A news release highlighting the most recent exploration activities and potential for the Venus Project was released on February 5, 2019. The Venus Project is considered to have the potential for the discovery of new deposits of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried porphyry-style copper mineralization with characteristics similar to Pumpkin Hollow.

Forward-looking Statements
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Altan Nevada to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Actual results may differ materially from those currently anticipated in such statements, and the Company undertakes no obligation to update such statements, except as required by law.

On behalf of Altan Nevada Minerals Limited

For more information contact:

John L C Jones                                                       
Email: jj@altnev.com                               
+61 9322 1788                                                             

Paul Stephen
Email: ps@altnev.com
+61 9322 1788

Altan Nevada rolls back shares 1:2

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Altan Nevada Minerals Ltd (1) (C:ANE)
Shares Issued 83,099,226
Last Close 3/15/2019 $0.03
Friday March 15 2019 – News Release

Mr. John Jones reports

ALTAN NEVADA MINERALS LIMITED ANNOUNCES SHARE CONSOLIDATION

Altan Nevada Minerals Ltd., following the approval of the company’s shareholders obtained Oct. 5, 2018, has consolidated its issued and outstanding shares at a ratio of one postconsolidation share for two preconsolidation common shares, effective as of March 18, 2019. No fractional common shares will be issued as a result of the consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional share as a result of the consolidation shall be rounded up to the next higher whole number if the fraction is 0.5 or greater and rounded down to the next lower whole number if the fraction is less than 0.5.

The company’s common shares will commence trading on the TSX Venture Exchange on a postconsolidation basis at the start of trading on March 18, 2019.

Holders of common shares of the company who hold uncertificated common shares (including shares held through a brokerage account and/or not represented by a physical share certificate) have had their holdings electronically adjusted by the company’s transfer agent or by their brokerage firms, banks, trust or other nominees. Such holders do not need to take any additional actions to exchange their preconsolidation common shares for postconsolidation common shares. Letters of transmittal have been mailed to all registered shareholders holding share certificates with instructions on how to exchange existing share certificates or DRS advice for new share certificates or DRS advice. A letter of transmittal is also available on SEDAR and on the company’s website.

Prior to implementing the consolidation, the company had 83,099,226 common shares issued and outstanding, and immediately after implementing the consolidation the company will have 41,549,634 common shares issued and outstanding.

The company’s new Cusip number is 02144U205 and its new ISIN is CA02144U2056.

For additional information regarding the consolidation, please refer to the company’s notice of special meeting of shareholders and information circular dated Aug. 18, 2018.

© 2019 Canjex Publishing Ltd.

Altan Nevada Closes Private Placement, Confirms Share Consolidation

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VANCOUVER, March 8, 2019. Altan Nevada Minerals Ltd. (TSX.V ANE) (“Altan Nevada” or the
Company”) is pleased to announce it has closed a private placement to raise capital for the continued
exploration and drilling at the company’s 100% owned Venus Copper Project. The Company also
announced it will undertake a 2:1 consolidation of its common shares following the Private Placement.

Private Placement

The Company has closed a non-brokered private placement to raise gross proceeds of $1,132,240.65
through the sale of units at a price of $0.025 per unit (the “Private Placement”). Each unit consists of one
common share of the Company and a share purchase warrant entitling the holder to acquire an additional
common share at a price of $0.05 for a period of three years following closing. In connection with the
closing of the Private Placement, the Company paid finder’s fees of $39,000 and issued 780,000 common
shares to CED Capital Limited. Following the closing of the Private Placement, the Company will have
83,099,226 common shares issued and outstanding.
The units sold in the Placement, and any shares issued on the exercise of the warrants comprising these
units, are be subject to a resale hold period under applicable Canadian securities laws which expires on
July 9, 2019.

Use of Proceeds

The $1,132,240.65 in gross proceeds are intended to be applied broadly as follows:

Use of Proceeds Cost
Payment of Existing Trade Creditors $60,000
Environmental access, mining licence and permitting fees $40,303
2019 Exploration Program $472,500
Financing costs $60,000
General and administrative expenses $200,000
Working capital $280,157
___________
 Total Funds  $1,132,240

Further to the payments of existing trade creditors, the Company intends to settle debts of $1,031,706
(the “Debts“) with its remaining creditors through the issuance of shares for debt, subject to final approval
of the TSX Venture Exchange (“TSX-V“), following the Share Consolidation (as defined below). Pursuant
to the proposed shares for debt transaction, the Company intends to issue 20,634,130 common shares
and 16,919,074 share purchase warrants entitling the holder to acquire a common share to settle the
Debts. Substantially all of the Company’s remaining creditors, who are owed in the aggregate
approximately $150,000, have agreed not to require repayment of their debts prior to December 2019,
although the Company may enter into settlement agreements respecting the debts with some or all of its
creditors at any time.

Share Consolidation

At a special meeting of the shareholders on October 5, 2018, the shareholders approved by special
resolution that the authorized share structure of the Company be altered by consolidating all of the issued
common shares without par value on a 2:1 basis, such that every two (2) pre-consolidation common
shares will be consolidated into one (1) post-consolidation common share; (the “Share Consolidation“).
Accordingly, when the Share Consolidation is put into effect, a total of 41,549,613 common shares in the
capital of the Company would be issued and outstanding following the Share Consolidation, assuming no
other change in the issued capital.

Pursuant to the Share Consolidation, registered shareholders will be required to exchange the share
certificates representing their pre-consolidation common shares. Following the announcement by the
Company of the effective date of the Share Consolidation, registered shareholders will be sent a letter of
transmittal from Computershare (the “Transfer Agent“). The letter of transmittal will contain instructions on
how to surrender the share certificate(s) or DRS advice representing the pre-consolidation common shares
to the Transfer Agent. The Transfer Agent will forward to each registered shareholder who has sent the
required documents a new share certificate or DRS advice representing the number of post-consolidation
common shares to which the shareholder is entitled. Until surrendered, each share certificate representing
pre-consolidation common shares of the Company will be deemed for all purposes to represent the number
of whole post-consolidation common shares to which the holder is entitled as a result of the Share
Consolidation. Shareholders should not destroy any share certificate(s) and should not submit any share
certificate(s) until requested to do so.

Non-registered shareholders holding their common shares through a bank, broker or other nominee
should note that such banks, brokers or other nominees may have different procedures for processing the
Share Consolidation than those that will be put in place by the Company for registered shareholders.

Altan Nevada’s Venus Property Exploration Plans

The Venus Project is located within the Yerington copper porphyry district in the Walker Lane mineralized
belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and easily
accessible by both paved and dirt roads.

Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement
of development of Nevada Copper Corp.’s (TSX:NCU) (“Nevada Copper”) Pumpkin Hollow Copper Mine
immediately to the north and less than one mile from the tenement boundary which is expected to
produce an average 50 million pounds of copper annually over 23 years commencing mid-2019.

A news release highlighting the most recent exploration activities and potential for the Venus project was
released on February 5, 2019. Venus is considered to have the potential for the discovery of new deposits
of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried porphyry-
style copper mineralization with characteristics similar to the Yerington Mine.

Contact:

John Jones AM
(Chairman) Perth,
Australia
Email: info@altnev.com

Paul Stephen
Perth, Australia
Email: ps@altnev.com
Phone: +61 9322 1788

Altan Nevada Minerals Ltd
800-1199 West Hastings Street
Vancouver BC Canada V6E-3T5

Altan Nevada identifies Pumpkin Hollow Strike Extension Targets

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Altan Nevada Minerals Ltd (Altan) is pleased to announce the results of its recent IP survey combined
with ground magnetic interpretation to identify high value targets directly along strike from the
Pumkin Hollow Copper project.
Highlights

➢ 3D IP/resistivity survey processing and interpretation complete
➢ Magnetic and IP targets identified along strike from the Pumpkin Hollow Cu, Au, Ag deposits
➢ High priority drill targets identified beneath untested copper, gold and silver surface
geochemical anomalies

VANCOUVER, February 1, 2019 – Altan Nevada Minerals Ltd. (TSX.V ANE) (“Altan Nevada” or the
Company”) is pleased to announce the processing and interpretation of the 3D Induced Polarization (IP)/
resistivity survey at the Company’s Venus Project, Yerington District, Nevada, USA has been completed.
The Venus Project is within the Yerington copper porphyry district located in the Walker Lane mineralized
belt in Nevada. It is approximately six miles east-south-east of the Yerington Township. Altan Nevada’s
decision to advance exploration at the Venus Project coincides with the development at the Pumpkin
Hollow Copper Mine immediately to the north and less than one mile from the tenement boundary (Figure
1).

01

Figure 1 – Aerial view of Altan Nevada’s Venus Project and Nevada Copper’s Pumpkin Hollow Project with deposit locations.

Located on-strike from Pumpkin Hollow, Altan Nevada’s Venus Project consists of 111 unpatented mining
claims covering approximately 2,165 acres (~8.76 km2), all situated on Bureau of Land Management
(Federal) land.
Altan Nevada commissioned leading geo-scientific exploration consultants, Terra Resources Pty Ltd, to
supervise acquisition and interpretation of the 3D IP/resistivity survey. As the Pumpkin Hollow deposits
are high grade IOCG chalcopyrite-magnetite skarn, magnetics and IP/resistivity was used to identify the
location of possible mineralisation under cover.

02

Figure 2 – The 3D IP survey plan (left) and surface geochemistry (right). The IP transmitter locations shown in red and the
receiver locations shown in blue. Geochemical target areas are shown (right). Also shown are Nevada Copper’s deposit
locations.

The 3D IP/resistivity survey was acquired in east-west survey configuration with 500m spaced transmitter
lines and 250m spaced receiver lines. The transmitter and receiver spacing along lines are 100m.
Transmitter lines have end-of-line offset for increase depth penetration. The survey has been designed to
see up to ~500m deep. The 2008 dipole-dipole data was added to the 3D IP survey data and included in
the processing and interpretation.
The 3D IP/ resistivity survey, which has successfully mapped down to 500m, has identified chargeable
zones which could be attributed to sulphide mineralisation. These zones are shown in red in Figure 3.
Some of the chargeable zones have coincident magnetic (magnetite) and geochemical responses (Cu,
Au and Ag) and are considered high priority targets (Figure 3 in blue). Approximately 2500m of drilling
has been proposed (Figure 4). Targets range in depth from 100m to 250m below surface.

03
Figure 3 – The 3DIP chargeable zones (red) and 3D magnetic highs (blue) with proposed drilling.
04A

04B

Figure 4 – 3D view of 3DIP chargeable zones (red) and 3D magnetic highs (blue) with proposed drilling.

Venus is now considered to have ever better potential than previously thought for the discovery of new
deposits of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried
porphyry-style copper mineralization with characteristics similar to the Yerington Mine.
The next stage of the exploration program is to site the drill locations and prepare for a drill program in
Q1 of 2019.
Altan Nevada looks forward to providing additional information as site works progress.
Contact:
John Jones AM (Chairman)
Perth, Australia
Phone: +61 9322 1788
Email: jj@altanrio.com
Altan Nevada Minerals Ltd
800-1199 West Hastings Street
Vancouver BC Canada V6E-3T5
Competent Person Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr
Barry Bourne, who is employed as a Consultant to the Company through geophysical consultancy Terra
Resources Pty Ltd. Mr Bourne is a fellow of the Australian Institute of Geoscientists and a member of the
Australian Society of Exploration Geophysicists and has sufficient experience of relevance to the styles of
mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a
Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mt Bourne consents to
the inclusion in the report of matters based on information in the form and context in which it appears.