NOA will have the right to earn a 100% interest in the El Camino II claim by completing the following:
- Cash payments by NOA to Aldebaran:
- Upon signing -
US$75,000 - 6-month anniversary -
US$100,000 - 12-month anniversary -
US$150,000 - 18-month anniversary -
US$350,000 - 24-month anniversary -
US$525,000
- Upon signing -
- Upon completing the cash payments, NOA will grant Aldebaran a 1% NSR over all precious and base metals on the El Camino II claim: and
- If NOA includes the El Camino II claim in a feasibility study (either by itself or incorporating nearby claims) resulting in a construction decision, NOA will make a
US$1,000,000 payment to Aldebaran.
The El Camino II claim is a part of the El Camino property (see Figure 1) which consists of two claims covering 4,110 hectares and is located 380 km northwest of the City of Salta,
The
Qualified Person
The scientific and technical data contained in this news release has been reviewed and approved by Dr.
For further information, please consult our website at www.aldebaranresources.com or contact:
Phone: +1 604 685-6800
Email: info@aldebaranresources.com
About
Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. Aldebaran acquired the Rio Grande copper-gold project located in
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 by the use of 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 in this press release 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 press release 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.
Neither the
Figure 1 – El Camino Property: https://www.globenewswire.com/NewsRoom/AttachmentNg/f714880c-35c9-49b5-9399-df8c7c7b511e
Figure 1
El Camino Property
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