2020 News

VANCOUVER, CANADA (February 6, 2020) – Aldebaran Resources Inc. ("Aldebaran" or the "Company") (TSX-V: ALDE) announces the results of the drill program completed at its 100% owned Aguas Calientes Au-Ag epithermal project located in southernmost Jujuy Province, northwestern Argentina. Eleven drill holes totaling 2,316.20 m were completed.

The most encouraging results were intercepted in hole ACA-19-23 where anomalous gold associated with favourable trace elements (i.e., arsenic and antimony) was encountered in several wide intervals of well-developed intermediate-sulfidation style epithermal mineralization within strongly altered volcanic rocks (Table 1). The mineralized intervals, while lower-grade, are the first significant wide-intercepts of epithermal-style mineralization and alteration encountered at Aguas Calientes despite two historical drilling campaigns conducted by previous owners. The mineralization appears to be similar in nature to the high-grade float-boulders on surface which were used to help create drill targets. The significance of these drill results combined with the approximately six kilometre long float-train of mineralized boulders (Figure 1) confirms our belief that we have intersected the edge of a gold-silver epithermal vein system that may be partially covered by post-mineral volcanic rocks towards the west. Management will be evaluating these results and looking at additional work such as geological mapping, additional surface prospecting, and geophysical surveys to look under the post-mineral cover rocks in favourable areas to the west of the Silon zone drill intercepts. Collar locations for all drill holes can be found on Figures 2 and 3.

Dr. Kevin B. Heather, Chief Geological Officer of Aldebaran, commented as follows:  “Although we didn’t hit any high-grade mineralization, the first ever epithermal vein intercepts in Hole 23 at Aguas Calientes prove that epithermal-style mineralization exists on the property. We have six kilometres of well mineralized float-boulders that have not been transported very far and therefore must be coming from a source nearby. The intercepts in Hole 23 may represent the edge of the potential source of the boulders and certainly justify follow up work.”

Please see full release in PDF.

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