Geological Overview

The property lies predominantly within lower Jurassic Elise Formation (Rossland Group) mafic volcanics and associated mid Jurassic Silver King intrusive rocks.

Multiple gold and gold-copper targets exist on the Kena Property. Of particular note are the Gold Mountain Zone and the Kena Gold Zone, where NI 43-101 compliant Mineral Resource Estimates have been established (Giroux and Dandy, 2004). The Gold Mountain Zone comprises 10.18 million tonnes averaging 0.736g/t Au classed as measured plus indicated and an additional 22.0 million tonnes averaging 0.668g/t Au classed as inferred, and the Kena Gold Zone comprises 14.68 million tonnes averaging 0.635g/t Au classed as measured plus indicated and an additional 3.8 million tonnes averaging 0.699g/t Au classed as inferred, all at a 0.30g/t Au cutoff.

Total M&I resources for the two zones comprise 541,000 contained ounces of gold, while total Inferred resources comprise 557,000 ounces.

Sultan Minerals has been assembling the Kena property since 1999 and, since that time, has conducted several exploration programs comprising geophysical, geochemical and geological surveys, trenching and diamond drilling. The project area was subject to similar programs on various parts of the property by different exploration companies between 1974 and 1991. Minor historical mining has taken place, presumably in the early 20th century, for which limited production data is available in government records.

Limited work has been done on the project since the 2004 NI 43-101 report as Sultan had primarily been focused, since 2006, on its Jersey-Emerald tungsten project as well as on other projects.

In addition to the two aforementioned zones containing the resources, several high priority targets exist on the Kena Property. The Kena Copper King Zone contains widespread copper-gold mineralization that may be of a porphyry style, lying within an Induced Polarization anomaly that is 6,000 metres long by 900 metres wide. A deformation zone containing high grade gold mineralization, dubbed the “High Grade Corridor” has only been tested by a few drill holes, with promising results.

Further, a significant gap exists between the Gold Mountain and Kena Gold Zones that is essentially untested and could join the two areas of mineralization. Drilling to date on these additional zones has been widely spaced and Altair plans to conduct follow-up programs to further delineate the mineralization with the goal of building additional resources.

-- continue to next chapter --