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New Listing: Altum Resource Corp. (CSE:ALTM)

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Altum is engaged in mineral exploration and the acquisition of mineral properties in Canada.

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Company: Altum Resource Corp.
Stock Symbol: CSE: ALTM
Date Published: Apr 7, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Altum Resource Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “ALTM”.

The company recently raised gross proceeds of $350,000 from the sale of 3.5 million shares priced at $0.10 per share through an IPO offering by Haywood Securities.

The shares are currently trading at $0.09.

Altum is engaged in mineral exploration and the acquisition of mineral properties in Canada.

The company has an option to acquire a 100% interest in the Adam West Property, by making cash payments of $105,000 and issuing a total of 2,000,000 shares in staged payments over 3 years.

The Adam West Property is located about 60 kilometers northwest of Campbell River and 15 kilometers southwest of Sayward on Vancouver Island, British Columbia.

The property, which consists of 5 contiguous mineral claims covering 3098 hectares, straddles the Upper Adam River for about 9 kilometers south of British Columbia Highway 19, is readily accessible by a network of active Forest Service Roads.

The history of mineral exploration and development on and in the vicinity of the Property dates back at least a century and is recorded in several publicly available sources which are summarized in the company’s NI 43-101 Technical Report on Sedar.

Three exploration programs were conducted on the Adam West Property on behalf of Altum between December 2018 and May 2019, including an IP survey along a single 3.5 kilometer test line.

Many high grade assays of copper and gold were obtained from the 175 samples collected by Altum in the April 2018 survey.

The Technical Report recommends a budget of $114,000 for Phase I of a two-phase program, with $42,000 allocated to additional IP surveying.

Drilling may be warranted at Boyes Creek and Adam West in Phase II contingent on identifying a target amongst the many dispersed, but in some places high grade showings.

For more information, please contact James Walchuck, President and CEO, at 604-562-7569 or by email at JimWalchuck@gmail.com.

I’m Fiona Forbes for Investmentpitch Media