Aldebaran Resources Inc. (“Aldebaran” or the “Company”) is pleased to report assays from two holes at the Altar copper-gold project located in San Juan, Argentina. The Company’s field season has concluded at the Altar project with four drill holes completed. Assays results are pending from the remaining two holes. The highlights are listed below, with corresponding images in Figures 1-3 and detailed results in Table 1.
- ALD-21-217 was collared at Altar Central (see Figure 1), returning 63 m of 0.94% CuEq in near surface supergene mineralization, and 584 m of 0.52% CuEq, including 158 m of 0.71% CuEq, in hypogene mineralization, extending the hypogene zone approximately 150 m to the west and 500 m below the current resource estimate.
- ALD-21-217 ended in 16 m of 0.91% CuEq mineralization including high-grade molybdenum (1,263 ppm Mo).
- ALD-21-218 was collared at Altar East (see Figure 1), returning 742 m of 0.32% CuEq in hypogene mineralization.
- Results from two additional holes are pending, including one in the QDM/Radio Porphyry area and an additional hole at Altar Central.
John Black, Chief Executive Officer of Aldebaran, commented as follows: “Hole ALD-21-217 has extended known mineralization well beyond where our current resource estimate reaches, increasing the overall footprint of the project significantly. We are very encouraged that hole ALD-21-217 was getting stronger towards the bottom, including very high-grade molybdenum. This, along with other drilling completed to date, makes us believe we are on the edge of an additional, yet to be discovered, porphyry centre. Hole ALD-21-218 has defined the northern extent of higher-grade mineralization at Altar East, however we still have several encouraging targets at Altar East which will be tested in future field seasons. While the 2020/2021 field season is over at Altar, now the real work begins for our team as we use the geochemical and geophysical data collected, combined with the results from drilling, to plan for the next drilling campaign which we expect to be larger in scale and scope.”