Aldebaran Resources Inc. (“Aldebaran” or the “Company”) is pleased to report assays from the first hole completed in the 2021/2022 drill campaign at the Altar copper-gold project located in San Juan, Argentina. The first hole, QDM-21-43, was collared in the QDM/Radio area of the project (see Figures 1 and 2) and was designed to begin testing the extent of mineralization at the Radio Porphyry target. The highlights are listed below, with corresponding images in Figures 1 to 3 and detailed results in Table 1.
Highlights
- QDM-21-43 returned an upper zone of 707.1 m of 0.51% CuEq starting at 203 m depth
- Includes 122.9 m of 0.61% CuEq starting at 447 m depth
- Includes 188 m of 0.70% CuEq starting at 624 m depth
- QDM-21-43 also intersected a lower zone of 224.5 m of 0.44% CuEq starting at 1,046.1 m
- Hole ended in this interval of mineralization
- Significant step out from previous known mineralization
- Long intervals of mineralization demonstrate the size potential of Radio Porphyry
- The intervals of mineralization in QDM-21-43 are clean, with negligible arsenic content
- Current resource estimates for the Altar project do not include any mineralization from Radio Porphyry
John Black, Chief Executive Officer of Aldebaran, commented as follows: “Our first hole of the 2021/2022 field campaign, Hole QDM-21-43, returned a very long run of clean mineralization with good grades. When we combine that with the fact that this hole was a significant step out from previous drilling, and the hole ended in mineralization, the result is a significantly expanded mineralized footprint at the Radio Porphyry target. With three drill rigs on the Radio Porphyry target until mid year, we will continue to test the extents of mineralization as we move towards a resource estimate for the Radio Porphyry target by the end of the year. In addition, a fourth rig is drilling a variety of targets in the Altar Central and Altar East areas.”
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