# Altair Gold and Sultan Minerals Amend Agreement Relating to Kena Gold Property

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/altair-gold-and-sultan-minerals-amend-agreement-relating-to-kena-gold-property--d7dadd55-621f-458f-afaf-ab3206cd3530

Original source: https://money.tmx.com/en/quote/AVX/news/50348403/altair-gold-and-sultan-minerals-amend-agreement-relating-to-kena-gold-property

Publisher: tmx

Original announcement: 2013-07-02T13:16:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Altair Gold Inc.

- Ticker: AVX

- Exchange: TSX

- Region: British Columbia

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Resource update, Agreement transaction

- Extracted: 2026-09-19 17:42:59 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

Altair Gold Inc. has signed a second amending agreement with Sultan Minerals Inc. to extend its option to earn up to a 75% interest in the Kena Gold Property in British Columbia. The announcement also includes a summary of the Kena Gold Property mineral resource estimate as of February 7, 2013, which includes 25.28 Mt of Measured and Indicated resources at 0.60 g/t gold.

Reasoning: The document announces an amendment to an existing option agreement, extending the term and restructuring the earn-in requirements, while also restating a significant mineral resource estimate.

- Positive factor: Extension of option term

- Positive factor: Significant resource increase mentioned \(173% Inferred growth\)

- Positive factor: Advanced project status

- Negative factor: Adjustment of strategy due to market conditions

- Negative factor: New expenditure commitments required to earn interest

Facts used in scoring: 4

## Classification and evidence

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides a summarized mineral resource statement for the Kena Gold Property.

Evidence · text

> The mineral resource statement for the Kena Gold Property, as extracted from the 2013 Kena Technical Report, is summarized in the table below.

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A large portion of the resource is classified as Inferred.

Evidence · text

> Inferred \| 90,440,000 \| 0.48 \| 1,399,000

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The release names the Qualified Person responsible for the resource estimate.

Evidence · text

> The Qualified Person for the Kena Gold Property is Mr. Warner Gruenwald, P.Geo.

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The cut-off grade used for the resource statement is explicitly provided.

Evidence · text

> The mineral resource statement is reported at a cut-off grade of 0.3 gpt gold.

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Resource Estimates (4)

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/altair-gold-and-sultan-minerals-amend-agreement-relating-to-kena-gold-property--d7dadd55-621f-458f-afaf-ab3206cd3530#fact-resource-facts-0)

Kena · gold

#### Identity

- Project: Kena
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: AVX

#### Resource scope

- Estimate type: resource
- Effective date: 2013-02-07T00:00:00.000Z
- QP Signed: Yes
- Qualified person names: Warner Gruenwald
- Resource group id: resource:f313f53317efc19a7bc2
- Deposit or zone: KGM Zone

#### Resource Data

- Category: measured
- Tonnes: 6690000
- Grade: 0.77
- Grade Unit: g/t
- Contained Metal: 165000
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2013-02-07

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2013-07-02T00:00:00.000Z

Reasoning: Measured resource intercept.

Evidence · table

> 0.77

Context: 6,690,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/altair-gold-and-sultan-minerals-amend-agreement-relating-to-kena-gold-property--d7dadd55-621f-458f-afaf-ab3206cd3530#fact-resource-facts-1)

Kena · gold

#### Identity

- Project: Kena
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: AVX

#### Resource scope

- Estimate type: resource
- Effective date: 2013-02-07T00:00:00.000Z
- QP Signed: Yes
- Qualified person names: Warner Gruenwald
- Resource group id: resource:2eedc60137734b77ae24
- Deposit or zone: KGM Zone

#### Resource Data

- Category: indicated
- Tonnes: 18600000
- Grade: 0.54
- Grade Unit: g/t
- Contained Metal: 325000
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2013-02-07

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2013-07-02T00:00:00.000Z

Reasoning: Indicated resource intercept.

Evidence · table

> 0.54

Context: 18,600,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/altair-gold-and-sultan-minerals-amend-agreement-relating-to-kena-gold-property--d7dadd55-621f-458f-afaf-ab3206cd3530#fact-resource-facts-2)

Kena · gold

#### Identity

- Project: Kena
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: AVX

#### Resource scope

- Estimate type: resource
- Effective date: 2013-02-07T00:00:00.000Z
- QP Signed: Yes
- Qualified person names: Warner Gruenwald
- Resource group id: resource:e421d7d502051bf7511f
- Deposit or zone: KGM Zone

#### Resource Data

- Category: inferred
- Tonnes: 90440000
- Grade: 0.48
- Grade Unit: g/t
- Contained Metal: 1399000
- Contained Unit: oz
- Cutoff Grade: 0.3
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2013-02-07

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2013-07-02T00:00:00.000Z

Reasoning: Large tonnage but low grade and inferred category.

- Negative factor: High proportion of inferred resource

Evidence · table

> 0.48

Context: 90,440,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/altair-gold-and-sultan-minerals-amend-agreement-relating-to-kena-gold-property--d7dadd55-621f-458f-afaf-ab3206cd3530#fact-resource-facts-3)

Kena · gold

#### Identity

- Project: Kena
- Commodity: gold
- Region: canada\_bc
- Reported Region: British Columbia
- Ticker: AVX

#### Resource scope

- Estimate type: resource
- Effective date: 2013-02-07T00:00:00.000Z
- QP Signed: Yes
- Qualified person names: Warner Gruenwald
- Resource group id: resource:11026469cee8435867c9
- Deposit or zone: KGM Zone

#### Resource Data

- Category: indicated
- Tonnes: 25280000
- Grade: 0.6
- Grade Unit: g/t
- Cutoff Grade: 0.3
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2013-02-07

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2013-07-02T00:00:00.000Z

Reasoning: Indicated resource intercept. \(Expanded from multi-commodity resource table for completeness.\)

Evidence · table

> 0.60

Context: 25,280,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.