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Altitude receives permit for Palisades coal project

Published by , Editorial Assistant
World Coal,

Altitude Resources Inc. (TSX VENTURE: ALI) has announced the receipt of formal Alberta Government approval for a drill programme at its Palisades property located in west - central Alberta, Canada.

The Palisades drill permit is valid for two years. The 2017 drilling programme is expected to consist of up to 2000 m of combined rotary and core drilling. The budget for the 2017 Palisades exploration programme is US$1200 000. Drill targets include a new area defined in the 2016 programme and, for the first time, drilling in Palisades Extension. The Palisades property is operated through a joint venture agreement between ALI (68.125%) and JOGMEC (31.875%).

At the company's Altitude North property (100% owned), a two phase programme is planned for 2017 to better define the potential coal resource and its metallurgical coal quality properties. Recently, Altitude announced that it had increased its land position at the project to 14 080 ha. The Altitude North project is strategically located adjacent to the Grande Cache coking coal mine in northwestern Alberta. Based on a 2015 field programme carried out by Dahrouge Geological, Phase 1 of the 2017 programme will consist of a 2 - 3 weeks of detailed geological mapping, trenching, and drill hole targeting. Data collected during this field programme will be used to plan and complete a coal exploration drill permit for a Phase 2 Resource and Coal quality drill programme.

Commenting on the upcoming programme, Gene Wusaty, President and CEO said, "Altitude is planning aggressive 2017 field programmes for Palisades and Altitude North. The Palisades planned 2017 drill programme and the Altitude reconnaissance programme will both commence in early July. It is expected that technical reports for both programs will be completed in the 4Q17."

Gene Wusaty, Altitude's Chairman, a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this release.

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