Highlights
- 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.
Discussion of Results:
Drill Hole ALD-21-217 was drilled at angle of -75 (see Figure 2) and was targeting the west extension at Altar Central underneath a fence of historical, shallow holes (see PR from
Drill Hole ALD-21-218 was drilled at angle of -70 (see Figure 3) and was targeting the north extension of higher-grade intercepts at Altar East (see PR from
Table 1 below provides more detail on the mineralized intercepts encountered in drill holes ALD-21-217 and ALD-21-218. The locations of the reported drill holes are indicated in Figure 1.
Table 1 - 2021 Altar Drill Hole Results | |||||||||||
CuEq (%) Cutoff | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) | Mo (ppm) | As (ppm) | CuEq (%) | ||
ALD-21-217 | |||||||||||
0.2 | 69 | 132 | 63 | 0.870 | 0.060 | 1.94 | 35 | 410 | 0.939 | ||
0.2 | 132 | 228 | 96 | 0.338 | 0.037 | 0.77 | 38 | 1,149 | 0.382 | ||
0.2 | 917 | 1,501 | 584 | 0.446 | 0.013 | 1.04 | 161 | 141 | 0.517 | ||
0.5 | incl. | 989 | 1,147 | 158 | 0.658 | 0.019 | 1.54 | 85 | 231 | 0.712 | |
0.5 | and | 1,485 | 1,501 | 16 | 0.462 | 0.003 | 2.65 | 1,263 | 148 | 0.908 | |
ALD-21-218 | |||||||||||
0.2 | 123 | 865 | 742 | 0.263 | 0.059 | 0.72 | 37 | 137 | 0.321 | ||
The grades are uncut. CuEq and AuEq values were calculated using copper, gold and silver. Metal prices utilized for the calculations are Cu = |
Update on Field Program
The field program recently concluded at the Altar project after the completion of four drill holes on the project totaling 4,694.5 m. In addition, a 3D IP-MT geophysical survey was conducted over a portion of the project area. The Company had hoped to complete a larger geophysical program but technical issues with the geophysical equipment delayed the program. The intention is to complete the remainder of the geophysical program at the start of the next field season, which is expected to commence in the fourth quarter of this year. The geophysical data collected to date will be valuable in defining drill targets for the next field season. The Company also collected 2,533 talus fine geochemical samples to extend and compliment the 1,800 samples already collected, which have proved a useful tool for targeting at Altar. Additionally, the Company completed an extension of its existing ground magnetics survey to the east of the project. The survey was extended because of a promising magnetics target that was identified at the edge of the existing survey; the extension will allow for better evaluation and future drill targeting.
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:
Investor Relations Manager
Phone: +1 646 583-1404
Email: laura.brangwin@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
Sampling and Analytical Procedures
Altar follows systematic and rigorous sampling and analytical protocols which meet and exceed industry standards. These protocols are summarized below and are available on the Aldebaran website at www.aldebaranresources.com.
All drill holes are diamond core holes with PQ, HQ or NQ core diameters. Drill core is collected at the drill site where recovery and RQD (Rock Quality Designation) measurements are taken before the core is photographed and geological quick log produced. The core is then transported to the Altar camp facilities where the core is photographed again under more optimum lighting conditions and then the core is cut in half with a diamond saw blade, with half the sample retained in the core box for future reference and the other half placed into a pre-labelled plastic bag, sealed with a plastic zip tie, and identified with a unique sample number. The core is typically sampled over a systematic 1 to 2 metre sample intervals unless the geologist determines the presence of an important geological contact, which should not be crossed. The bagged samples are then stored in a secure area pending shipment to a certified ALS laboratory sample preparation facility 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 – Plan Map
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1af9841d-7ecd-4c55-a4c6-e95085b48d76
Figure 2 – Hole ALD-21-217
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ee8784a9-3939-4e8a-a236-b4b395ff37bf
Figure 3 – Hole ALD-21-218
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/613022a4-9120-4b83-8a2f-11dea963512c
Figure 1 – Plan Map
Figure 1 – Plan Map
Figure 2 – Hole ALD-21-217
Figure 2 – Hole ALD-21-217
Figure 3 – Hole ALD-21-218
Figure 3 – Hole ALD-21-218
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