CALGARY, Feb. 20, 2013 /CNW/ - Altitude Resources Ltd. (TSX-V:ALI) is pleased to announce today that it has further expanded its land
position with the acquisition of additional Alberta Crown Coal Lease
Applications near its Palisades and Moberly Creek coal projects,
Alberta, Canada. The new property will be called Altitude North.
The additional coal lease applications cover an area of 5,244 ha (see
map) and are located near Grande Cache, Alberta approximately 80 km
north-west of the company's Palisades Coal Project. The addition of the
new lease applications increases the Company's land position in the
area to approximately 22,000 ha.
Commenting on the new property acquisition Andrew Wusaty, President and
CEO said, "We have been working on consolidating additional local
coking coal opportunities and we have found favourable historical
geological coal structure information for the Altitude North property.
We will be looking at putting together a field program for Altitude
North in 2013."
About Altitude Resources
Altitude Resources is a new Canadian coking coal exploration and
development company focused on developing its portfolio of coking coal
properties in west-central Alberta, Canada. Altitudes most advanced
property, the Palisades Coal Project, is located approximately 12
kilometres from CN rail which has capacity to provide transport of coal
to deep-water ports on the west coast of Canada to service the growing
demand from world markets.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Image with caption: "New Coal Lease Area Map (CNW Group/Altitude Resources Inc.)". Image available at: http://photos.newswire.ca/images/download/20130220_C6957_PHOTO_EN_23897.jpg
SOURCE: Altitude Resources Inc.
For further information:
Information contacts, Altitude Resources
Investors: Steven Feldman +1 604-358-2604.