Calgary, AB / ACCESSWIRE / June 18, 2014 / If Proximity-to-Port is a key to success, then Altitude Resources Inc. is right on track. With immediate access to rail delivery, the company is starting its drill program at Elan Coal Ltd.’s coking coal property in a development that has Altitude Resources’ shareholders and area residents excited.
Southern Alberta is seeing a modest resurgence in coal mining and as President and CEO Gene Wusaty explains on Junior Mining Network Radio, the Crowsnest Pass project could be a boon for Altitude’s shareholders and also for residence of the area as it may result in Help Wanted!
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ELAN LOCATION MAP
ELAN LEASE OWNERSHIP MAP & DRILL TARGET AREA
About Altitude Resources
Altitude Resources is a Canadian coking coal company focused on developing its Palisades Coal Project located northwest of Hinton, Alberta, Canada and the recently optioned Elan project. The Palisades Coal Project is located approximately 12 km 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.
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Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward looking information” within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the size and quality of the Company’s mineral resources, progress in the development of mineral properties, future capital and operating expenses, the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs and the anticipated production schedule. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is based on assumptions that have been made by the Company as at the date of such information, including those assumption described in the Company’s technical report entitled “Resource Estimate of the Palisades Coal Property” dated November 28, 2011 which is available at www.sedar.com. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the future price of coal, industry market trends and predictions, the estimation of mineral reserves and resources, operating and exploration expenditures, costs and timing of future exploration, requirements for additional capital, government regulation of mining operations including changes in government policies, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage, regulatory matters, and other risks described in the public filings of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: Altitude Resources