Altius Minerals (ALS)

[littlejoept]

Altius moving up nicely, think con ed spent millions on the uranium property als got for about 35,000 staking costs.

[Ed Monton]

Uranium news:

Altius Minerals Corporation: High-Grade Uranium Assays
Received From the Central Mineral Belt Joint Venture,
Labrador, Canada

ST. JOHN'S, NEWFOUNDLAND--Altius Minerals Corporation has
received analytical results for uranium-bearing samples that were
collected during the 2003 reconnaissance program in the Central
Mineral Belt of Labrador. Please see the Altius press release
dated October 09, 2003 for a review of significant copper and
gold results.

The Central Mineral Belt property position totals 1173 claims
(29,325 hectares). The initial field review concluded that the
eastern portion of the Central Mineral Belt is highly prospective
for iron-oxide-copper-gold +/- uranium deposits and plans for
further exploration in 2004 are in progress.

A 1200-meter long boulder field at Melody Hill, which features
high-grade uranium-bearing boulders, was examined during the 2003
field season. In 1978-79, a previous exploration company analysed
ten selected boulders and reported values ranging from 2.25% to
18.08% U3O8 (uranium oxide) with an average assay of 11.53% U3O8.
Melody Hill is located ten kilometres north of the Michelin
uranium deposit noted below.

Boulder samples stored at the 1979 Melody Hill exploration camp
were collected for uranium and multi-element analyses and
petrographic studies. A sample of intensely sheared and
brecciated, hematitized and altered granite, assayed 28.20% U3O8.
A separate sample of sheared and altered felsic volcanic breccia
assayed 11.90% U3O8.

High-grade uranium assays were also returned from other prospects
during the 2003 program. On the Post Hill property, an outcrop
sample from a regional scale shear zone assayed 1.51% U3O8, 1.31%
copper, 58 g/t silver and 0.41 g/t gold. A sample of subcropping,
sheared and mineralized felsic volcaniclastic rock from the Emben
property assayed 2.91% U3O8.

The property group also covers three low-grade uranium deposits.
The Michelin deposit is the largest of these and was subject to
partial underground development. The mineral occurrence data
system of Newfoundland and Labrador records a resource estimate
of 6,426,095 tonnes at 0.13% U3O8 at the Michelin deposit.
However, it should be carefully noted that this estimate predates
implementation of National Instrument 43-101 and should therefore
not be relied upon in any way.

There are indications of potential higher-grade zones within
these deposits. For example, re-analyses of archived drill core
from the Nash Zone on the Post Hill property returned 1.83% U3O8
over one metre. Also, narrow veins of pitchblende (uranium
oxide), which occur in the western part of the Michelin deposit
reportedly assayed up to 40% U3O8.

Derek Wilton, Ph.D. P.Geo, of Memorial University of Newfoundland
and a Qualified Person under NI 43-101, supervised the collection
of samples in 2003 and has reviewed the contents of this release.
The samples were analysed at the Saskatchewan Research Council in
Saskatoon, Canada.

Altius Minerals also has an active uranium exploration program on
a large claim group in western Newfoundland where individual
samples of sandstone boulders have assayed up to 11.5% U3O8. The
property is being explored with the joint venture participation
of Cameco Corporation - the world's leading integrated uranium
producer.

Since inception, Altius has attracted exploration funding through
earn-in/joint venture agreements from companies such as Barrick
Gold, BHP-Billiton, Cameco Corporation, Inmet Mining,
Agnico-Eagle/Sudbury Contact Mines and Teck Cominco.

Altius also effectively holds a royalty interest in the Voisey's
Bay nickel-copper-cobalt project in Labrador that will provide
long-term cash flow and significant exploration leverage to
Altius shareholders.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Altius Minerals Corporation
Brian F. Dalton
Toll Free 1-877-576-2209 or [phone]
or
Altius Minerals Corporation
Roland W. Butler Jr.
Toll Free 1-877-576-2209 or [phone]
[phone] (FAX)
Email: [e-mail]
Website: www.altiusminerals.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

[littlejoept]

Minenews story:
"Date : September 11, 2003



Altius Minerals Has Ensured Future Cash Flow With Purchase Of Part of Voisey's Bay Royalty.


Minews last wrote about Canadian listed Altius Minerals in April, but in the meantime the company has transformed itself by acquiring part of a nickel royalty on the Voisey's Bay nickel project which is due to start production in late 2005 or early 2006. Brian Dalton the CEO of Altius was in London last week to explain the background to this deal and lay the ground for future developments. Voisey's Bay, it will be remembered, is a world class nickel sulphide project discovered in Labrador by Robert Friedland's Diamond Fields back in 1995. It was then sold to Inco the following year for squillions of dollars , but the various authorities in Newfoundland and Labrador managed to delay its development by at least five years.

Every successful mining entrepreneur needs a bit of luck and it was Brian Dalton's luck that a friend of his from way back when they had earned their way through university by hatching exploration plays, was involved in the limited partnership which owns a 3 per cent net smelter royalty over Voisey's Bay. For reasons of his own this friend wanted some cash in his hand rather than wait another two or three years. It was agreed, therefore, that 10 per cent of this royalty would be sold to Altius for shares. Even a 10 per cent interest in the royalty at current metal prices and exchange rates is expected to spin off between C$2.2 million and C$2.6 million a year which means that the whole shebang would generate ten times the amount.

The deal suits both parties as Altius can anticipate significant cash flow and the vendor can sell Altius shares for cash or ride with the company and benefit from any successes achieved by its joint venture exploration projects in Newfoundland and Labrador where a number of leading companies are its partners. This spread of risk in exploration from a company which has achieved consistent growth in its share price has obvious attractions and it should be no surprise if Brian Dalton and his friend enlarge this deal. It would still leave the limited partnership with a lot more annual income than two thirds of Canada's producers if the deal was doubled to a 20 per cent share, and both Altius and the vendor maintain major exposure to any rise in the prices of nickel, copper and cobalt.

In the meantime Altius soldiers on with its exploration projects. Brian Dalton sees no need to move further afield. Newfoundland itself has a unique geological history with rocks that illustrate the complete tectonic cycle from the rifting of an ancient continental mass through to eventual closure through subduction which generated plutonism, related volcanism, and related mineralising events. If that sounds a bit technical, take it that the earth's surface crunched up all around Newfoundland releasing a lot of liquefied metals and minerals. Roland Butler, one of the directors of Altius, convinced Barrick that the Botwood Basin, at the centre of this disturbance, was a dead ringer for the Carlin Trend in Nevada with its epithermal gold deposits. Barrick signed up as a joint venture partner on the Mustang trend in December 2001. It has withdrawn since becoming part of Newmont, but Butler still has faith and expects a new partner soon.

Last month Altius began drilling the Rocky Brook property in western Newfoundland where it is targeting the source of boulders which contain very high grade uranium mineralisation. The exploration is being funded by Cameco Corporation, a world leader in the uranium business, which is earning up to a 65 per cent interest in the project by spending C$3.5 million and making some cash payments to Altius. Work done so far has developed a number of target areas and about 80 shallow holes are being drilled into them.

At the same time Altius has drilled a vertical hole 1,256.8 metres deep on its own account at the Rambler project near Baie Verte. This does not mean that the company is changing its policy as the resulting data will be used to attract a joint venture partner. Asked if this policy would vary if he was sure that he was sitting on a major deposit, the answer from Brian Dalton is still, "No, there is always geological risk and our shareholders appreciate the way we do things here." Last week Altius announced that the hole had intersected a copper-gold bearing VMS style stringer system. In addition a significant off-hole conductor was identified and this anomaly will now be drilled. In the closing months of this year Altius will therefore be busy as it is also drilling a multi-ounce /tonne gold veing system with Sudbury Contact Mines as partner and some large , high grade polymetallic targets with Inmet. The newsflow should be more than sufficient to hold the attention of investors.


Copyright © 2003 MINESITE

[Ed Monton]

Barrick pulling out of Botwood.

http://www.investorshub.com/boards/read_msg.asp?message_id=1347191

[Ed Monton]

Altius to Acquire Part of NSR Royalty Interest in
Voisey's Bay

ST. JOHN'S, NEWFOUNDLAND--Altius Minerals Corporation ("Altius")
has entered into an agreement to acquire part of the 3% net
smelter return ("NSR") royalty interest in the Voisey's Bay
nickel-copper-cobalt project in Labrador, Canada. The NSR is
currently held by Archean Resources Limited ("Archean"), who made
the initial discovery of nickel-copper-cobalt near Voisey's Bay.
Archean is a private, Newfoundland and Labrador-based mineral
exploration company, wholly at arms length from Altius. Inco
Limited and its wholly owned subsidiary, Voisey's Bay Nickel
Company Limited, are currently developing the Voisey's Bay
project.

Altius considers the acquisition of this NSR to represent both an
attractive and rare opportunity for its shareholders to
participate in a world-class mineral project. Recent feasibility
study results released by Inco Limited suggest that the Voisey's
Bay deposit has the potential to be one of the largest and
lowest-cost nickel producers in the world.

Upon the closing of the proposed acquisition a limited
partnership will be formed by Archean and Altius. Archean will
contribute the NSR to the limited partnership and Altius will
acquire a 7.5% interest in the limited partnership. In addition,
Altius will receive an escalating 3 1/2 year option to increase
its interest in the limited partnership to 10%.

The acquisition price for Altius' interest in the limited
partnership will be C$9.75 million and 750,000 common share
purchase warrants in Altius. The warrants may be exercised at
escalating prices ranging from C$2.00 to C$4.00 over the next 3
1/2 years.

To fund the cash portion of the proposed acquisition, Altius has
engaged a syndicate of underwriters co-led by Haywood Securities
Inc. and Canaccord Capital Corporation and also including Pacific
International Securities Inc. This syndicate will place 6,250,000
units, on a best efforts basis, for proceeds of C$10 million.
Each unit will be priced at C$1.60 and include one half of one
share purchase warrant. The warrant exercise price and term will
be set in accordance with TSX Venture Exchange policies and
regulations. The proceeds of the placement will be held in escrow
pending successful closing of the acquisition.

Closing conditions include completion of final partnership
agreements, regulatory approval, completion of financing and
waiver by Voisey's Bay Nickel Company Limited of a first right of
refusal it holds concerning any sale or transfer of the NSR by
Archean. While Voisey's Bay Nickel Company Limited has indicated
its willingness to provide this waiver, any such waiver will be
subject to the satisfaction of certain terms and conditions
requested by Voisey's Bay Nickel Company Limited, including a
right of first offer granted to Voisey's Bay Nickel Company
Limited covering future sales or transfers of the limited
partnership units or the NSR. While Altius and Archean believe
they are capable of satisfying all such terms and conditions,
such terms and conditions are subject to negotiation and must be
satisfactory to Voisey's Bay Nickel Company Limited.

The Voisey's Bay project is currently expected to occupy a very
low position on the cost curve for global nickel projects. Inco,
in a March 20, 2003 press release, announced results of a
bankable feasibility study for the initial phase of the Voisey's
Bay project that projected life-of-mine finished nickel
production cash costs, based upon certain nickel and other metal
and exchange rate assumptions, of approximately US$1.10 to
US$1.15 per pound. Annual nickel prices over the past 25 years
have ranged between US$1.76 and US$6.25 and the current London
Metal Exchange cash quoted price is slightly more than US$4.00.

Assuming a 10% partnership interest, a 25-year life for the
Voisey's Bay project, and Inco's year-end 2002 reported estimates
of mineral reserves and resources, Altius has internally
estimated its life-of-project average annual royalty revenue
would be well in excess of C$1 million per year. This estimate
has been developed exclusively by Altius and has not been
reviewed by any third party. Inco's current scheduling
anticipates commencement of production from the Voisey's Bay
deposit in either late 2005 or early 2006.

Considerable change and refinement to the modeled estimate is
likely as more specific information becomes available concerning
factors that include start-up timing, metal recoveries,
production rates and grade scheduling, and smelting and refining
charges, among other items. The revenue stream is expected to be
most sensitive to the price of nickel. A long-term average nickel
price of US$3.25 per pound was utilized for the estimate
described above.

Additional information concerning the Voisey's Bay project can be
accessed by visiting the corporate websites of Voisey's Bay
Nickel Company Limited (www.vbnc.com) and Inco Limited
(www.Inco.com). Inco's 2002 annual report is available for
download at the latter and contains a section that provides
mineral reserve and resource estimates as at year-end 2002.

Altius Minerals Corporation

Altius has established a proven 5-year track record under its
business plan of generating innovative exploration projects and
attracting mining company joint venture partners. Thus far, 29
properties have attracted direct project financing from companies
such as Barrick Gold, BHP-Billiton, Cameco Corporation, Inmet
Mining, Sudbury Contact Mines, and Teck-Cominco, among others. As
part of these agreements, Altius normally receives cash payments
and retains the flexibility to hold direct property interests or
to convert to production royalties.

Altius presently has approximately $2.5 million in working
capital and no debt. This year, for the fifth successive year,
exploration expenditures by partners are projected to be higher
than previous year levels.

Upon closing of this transaction, Altius will be positioned to
grow its portfolio of mineral property and royalty interests and
will continue to seek opportunities of merit within the sector.

This News Release includes certain "forward-looking statements"
as such term is commonly understood. Other than statements of
historical fact, all statements in this release, including,
without limitation, statements regarding mineral reserves and
resources estimates, commencement of production, potential
ranking of the Voisey's Bay deposit amongst global nickel
projects, projected annual royalty revenue and future plans and
objectives of the Company, are forward-looking statements that
involve various known and unknown risks, uncertainties and other
factors. There can be no assurance that such statements will
prove to be accurate. Actual results and future events could
differ materially from those anticipated in such statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date of this
announcement. Important factors that could cause actual results
to differ materially from the Company's expectations include,
among others, the ongoing results of current exploration
activities, conclusions of any pre-feasibility or feasibility
studies, start up timing, metal recoveries, smelting and refining
charges, long term demand for and supply of nickel, copper and
cobalt, exchange rates, the accuracy of mineral reserves and
resources estimates, the provincial tax regime, environmental and
political developments, changes in project parameters and future
metal prices, as well as those factors discussed herein and
elsewhere in the Company's documents filed from time to time with
the TSX Venture Exchange, Canadian securities regulators and
other regulatory authorities. All subsequent written and oral
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
this notice. While the Company anticipates that subsequent events
and developments may cause the Company's views to change, the
Company specifically disclaims any obligation to update these
forward-looking statements. These forward-looking statements
should not be relied upon as representing the Company's views as
of any date subsequent to the date of this release.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Altius Minerals Corporation
Brian F. Dalton
[phone]
or
Altius Minerals Corporation
Chad Wells
[phone]

[echarters]

It should be intersting indeed. I am betting it is not less than 1000 tons to the ounce.

I was wild about it when I first heard Carlin trend. Visions of golden sugar plums danced in my head. But when I realized that the .5 grams assays were over 3 feet and the next one was 15 feet away and so on.. the sugar plums sure started tasting sour..

Well we wait with golden baited breath..

EC<:-}

[littlejoept]

Altius still halted. I got a notion this'll be interesting.

[echarters]

I ferget what Altius is up to. But while I am not on the subject, check out a little stock called Appalaches Ressources. APP. Could be asleep. Might go somewhere. That is the correct spelling. It's Phoenician. They are in a country called Central Gaspay. That may be over in Africa somewhere.

EC<:-}

[littlejoept]

I had a lovely chat with Brian and the troops at pda. Liked it before, like it better now. 17 geos on board (i think) 41 or 42 projects going, with more on tap. Cash flowing, they give away a big piece, get the other guy to pay, do the work and get paid for doing it. Young, aggresive and high energy.

[littlejoept]

Hate to repeat myself--(not really, or i wouldn't have nothin' to say)--but this one is a no-brainer. Buy it and throw it in a drawer.

[littlejoept]

Als is one of my favorite "no worries" co's. Lots of projects, $$ in the bank, jv 'em all, and get the other guys--some of which are majors--to pay the bills.

[Ed Monton]

New board on the Botwood Basin: #board-1531

Seemed like a good idea.

tf