2021-2022 Exploration Program

Drilling Underway

See Drill Results here

The key takeaways from the plans for the current field season are as follows:

  • Drilling is underway at the Altar copper-gold project.
  • The 2021/22 field season will include a substantially larger drill program than previous years and the Company has secured four rigs from Boart Longyear.
  • The recent opening of a new lower-elevation access road allows Aldebaran to increase the field season by several months, and the field team were able to access the camp from September and drilling has commenced in November, which is much earlier than in previous years.
  • The primary drill target will be Radio Porphyry, where the company previously intercepted significant higher-grade intercepts of >1% CuEq. The Company aims to complete sufficient drilling at Radio this drill season to be able to complete a preliminary resource estimate at the end of 2022.

Principal Drill Targets for 2021/22 Campaign

Radio Porphyry

The primary goal of the 2021-2022 drill program is to complete a significant amount of drilling at the Radio Porphyry target, to follow up on the high-grade intercepts reported in hole QDM-21-42 earlier this year. As previously disclosed, QDM-21-42 returned 111 m of 1.4% CuEq, within 333.1 m of 0.86% CuEq, also within 629 m of 0.61% CuEq
(see July 13, 2021 press release). The Company will look to produce a preliminary resource estimate for this target after drilling has been completed.

Additional Drill Targets

The Company also intends to drill extensions of high-grade mineralization at Altar Central and Altar East, which remain open to expansion in several directions. These holes are designed to test areas within the current resource pit where there are not yet resource blocks defined or reported. Several promising greenfield exploration targets, which have had limited or no drilling and which are located away from the current resource, have been identified through the Company’s previous geological mapping, geophysical, and geochemical programs. This field season, time will be spent working up these greenfield targets to be ready for drill testing, likely towards the end of the 2021-2022 field campaign.

Further Field Work Plans

The Company will also be expanding its talus fines geochemical survey, which was completed during the 2020-2021 field season over and immediately surrounding the principal areas of mineralization, to cover the entire remaining claims for the project. The talus fines geochemical data has proved to be a very useful exploration tool in identifying favourable areas for further follow-up exploration. In addition, the 3D IP-MT geophysical survey that was started earlier this year as part of the 2020-2021 campaign but was terminated due to unfavourable climate conditions, is expected to be a top priority to complete in the early part of the upcoming field season. This data will be available for drill targeting in the latter half of the field season.


Forward-Looking Statements

Certain statements regarding Aldebaran, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Aldebaran's control. Often, but not always, forward-looking statements or information can be identified using words 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. Specifically, and without limitation, all statements included on this webpage that address activities, events or developments that Aldebaran expects or anticipates will or may occur in the future, including the proposed exploration and development of the Altar project described herein, and management's assessment of future plans and operations and statements with respect to the completion of the anticipated exploration and development programs, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Aldebaran's control. These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements. Although Aldebaran believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The forward-looking statements contained in this text are made as of the date hereof and Aldebaran does not undertake any obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities law.

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