To: W.F. Schwertley who wrote (250 ) 2/27/1998 6:44:00 PM From: W.F. Schwertley Read Replies (1) | Respond to of 603
Company Press Release Friday February 27, 12:39 pm Eastern Time Altair International Inc. Tennessee Property Progress Report CODY, WYOMING--(BUSINESS WIRE)--Feb. 27, 1998--Altair International Inc. (NASDAQ:ALTIF - news; Alberta Stock Exchange:AIL. - news) Altair International Inc. has collected a bulk sample - approximately 5000 lbs - from an exposed sand horizon at its Camden, TN titanium/zircon deposit. The bulk sample is being processed to produce representative samples of saleable products. The sample was transported to Reno in early February. Material sized smaller than 320 mesh and larger than 50 mesh has been removed (these sizes contain almost no titanium). The remaining 50 to 325 mesh fraction is being separated by screen at 200 mesh. The +200 mesh material, which represents approximately 65 percent of the total sample by weight but only contains about 35 percent of the titanium, will be sent to northern Florida for preparation of a heavy mineral concentrate using conventional spiral technology. The -200 mesh material (approximately 12 percent by weight, 65 percent of titanium) will be processed in the centrifugal jig to produce a fine heavy mineral concentrate. The heavy mineral concentrates will be further processed into potentially marketable products using electrostatic and magnetic separators (''dry-mill''work). Spiral and centrifugal jig work is scheduled to be concluded during the first week of March. The dry-mill work is scheduled for completion by March 31, 1998. Altair International is in the development stage of commercializing its state-of-the-art technology, the Centrifugal Jig, which recovers extremely fine, heavy particulate matter using a combination of a mechanical jig and centrifugal force. Potential applications include gold/mineral recovery, coal cleaning and environmental remediation. Altair is the 100 percent owner of a large titanium/zircon mineral deposit in Tennessee.