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    ALDE   CA01408J1049

ALDEBARAN RESOURCES INC.

(ALDE)
Delayed Bourse de Toronto  -  03:59:45 2023-01-27 pm EST
0.9000 CAD   +2.27%
2022Aldebaran Resources Inc. Reports Earnings Results for the First Quarter Ended September 30, 2022
CI
2022Aldebaran Announces Commencement of Drill Program at Altar Project
GL
2022Aldebaran Announces Commencement of Drill Program at Altar Project
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Aldebaran Resources Inc. Announces Commencement of Drill Program At Altar Project

11/15/2022 | 07:00am EST

Aldebaran Resources Inc. announced that drilling has commenced at the Altar copper-gold project for the 2022/2023 field season. The Company currently has one drill rig on the property and plans to have three rigs operating by the beginning of December. The results of the 3D IP/Resistivity and MT geophysical surveys completed across the entire Altar copper gold project revealed a compelling coincidence between areas of high conductivity (low-resistivity) from both the IP and MT data, with areas of known copper-gold mineralization defined by previous drilling.

At the time, only a small portion of this large, 3 km x 3 km x 2 km anomaly, which is situated between, to the south of, and below, the main Altar Central and East deposits, had been drill-tested. Drill holes ALD-22-220 and ALD-22-221 then confirmed management's long-held belief that the Altar system is much bigger than previously thought. The 2022/23 campaign will see multiple drill holes test the sizeable geophysical anomaly from more strategic locations.

The first drill hole of the 2022-2023 campaign will be to continue hole ALD-22-222, which was stopped at 7 m depth due to a campaign-ending snowfall in June 2022. That hole is designed to test an area that has a coincident favourable geophysical signature and a strong, multi-element talus fines geochemical anomaly at surface. Additional high-priority drill holes will be testing areas within the large geophysical anomaly, which have more favourable geological and alteration indicators gleaned from the historical drill holes.

Where possible, holes are also being designed to test areas within the current 2021 conceptual resource pit shell that were categorized as “undefined waste” due to no drilling. Several of these “undefined waste” areas have favourable geophysical and/or geochemical anomalies occurring within, or near, the current pit shell, which offers the opportunity to convert waste material to mineralization.


ę S&P Capital IQ 2022
All news about ALDEBARAN RESOURCES INC.
2022Aldebaran Resources Inc. Reports Earnings Results for the First Quarter Ended September..
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2022Aldebaran Announces Commencement of Drill Program at Altar Project
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2022Aldebaran Announces Commencement of Drill Program at Altar Project
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2022Aldebaran Resources Inc. Announces Commencement of Drill Program At Altar Project
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2022Aldebaran Reports All Remaining Holes From 2021/2022 Altar Drill Program
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Financials
Sales 2022 - - -
Net income 2022 -0,64 M -0,48 M -0,48 M
Net cash 2022 0,66 M 0,50 M 0,50 M
P/E ratio 2022 -127x
Yield 2022 -
Capitalization 125 M 93,8 M 93,8 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees -
Free-Float 78,8%
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Managers and Directors
John Ernest Black Chief Executive Officer & Director
Mark Wayne Chief Financial Officer & Director
Fernando Pickmann Independent Director
John MacKenzie Sibley Independent Director
James M. McDonald Independent Director
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