tiprankstipranks
Trending News
More News >

Aldebaran Resources reports results for drill holes at Altar Copper-Gold project

Aldebaran Resources reports results for four drill holes of the 2023/2024 field campaign at the Altar copper-gold project in San Juan, Argentina. The holes reported herein were all substantial step-outs to the north or south of known mineralization. Hole ALD-24-074EXT was designed to extend mineralization in the Altar United trend. Hole ALD-24-241 was designed to achieve three goals: infill a gap in our drilling at the Altar United discovery, drill perpendicular to many of the previous holes within the United area to ensure there is no bias in grades because of hole orientation, and to test for continuity in between the existing fences of drill holes. Hole ALD-24-240 was designed to fill a gap in the existing drilling, and hole ALD-24-242 was designed to test the southern extent of the mineralized footprint at the Altar project. All holes successfully hit mineralization and expanded the footprint of the mineralized system, while ALD-24-241 returned one of the highest-grade intercepts from the project to date. All four holes will provide valuable information for the upcoming mineral resource estimate, scheduled for H2 2024. Highlights: ALD-24-241: 158.80 m of 0.45 g/t Au in oxide mineralization from 3.40 m depth Including 90.60 m of 0.52 g/t Au from 3.40 m depth; This area requires follow-up work to see if this style of mineralization is open; 1,018.60 m of 0.60% CuEq from 277.40 m depth Including 797.00 m of 0.71% CuEq from 499.00 m depth; Including 649.60 m of 0.81% CuEq from 646.40 m depth; Including 155.00 m of 1.00% CuEq from 871.00 m depth; Including 102.10 m of 0.96% CuEq from 1,064.90 m depth; The hole was lost due to operator error; the Company had intended to drill the hole deeper; Hole ended in mineralization with the final 7.00 m returning 0.80% CuEq. ALD-24-074EXT: 1,199.00 m of 0.38% CuEq from 128 m depth Including 82.00 m of 0.71% CuEq from 130 m depth; Extension of a historic hole, originally terminated at 607.60 m and extended to 1,327.00 m depth; Hole ended in mineralization with the final 11.00 m returning 0.62% CuEq. ALD-24-240: 1,085.00 m of 0.34% CuEq from 187.70 m depth Including 65.00 m of 0.55% CuEq from 701.00 m depth. ALD-24-242: 219.90 m of 0.28% CuEq from 779.50 m depth; Including 116.40 m of 0.36% CuEq from 883.00 m depth. John Black, CEO of Aldebaran, commented: “The Altar deposit continues to grow with each drill hole we complete. This batch of drill holes expands the mineralized footprint of the deposit and grows the higher-grade mineralization commonly found at Altar United. Hole 241, which targeted Altar United, represents one of the best holes we’ve drilled on the project to date, with long runs of very attractive-grade mineralization. All this information will be valuable as we move towards a mineral resource update, planned to be completed later this year.”

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue