SOUTH TALLY POND PROPERTY
In December of 2006 Altius and the newly formed Paragon Minerals Corporation (a Newfoundland spin-out of Rubicon Minerals Corporation) agreed to the terms of a joint venture partnership that will allow Paragon to earn a 100-per-cent interest in this highly prospective property in exchange for 500,000 shares in this new exploration company. A fall 2007 drilling program on the Le Marchant Zone was highlighted by an impressive massive sulphide intersection of 14.6 metres of 9.46% zinc, 2.13% lead, 0.81% copper, 73.4 g/t silver & 1.85 g/t gold. Subsequent drilling intersected further precious-metal-rich massive sulphide mineralization (23 meters of 8.55% Zn) extending the zone over a 300-metre strike length.
The property is strategically located a mere 15 kilometres southwest of the Duck Pond Mine, operated by Teck-Cominco Ltd. Both Altius' South Tally Pond property and Teck-Cominco Ltd.'s Boundary and Duck Pond deposits are contained within the Tally Pond Volcanic Belt.
For further information on the South Tally Pond property please visit Paragon's corporate website at www.paragonminerals.com.