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Aldebaran Announces Intention to Spin Out Northern Argentina Exploration Projects into a New Argentine-Focused Exploration Company and Provides an Update on the Altar PEA
VANCOUVER, British Columbia, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (&#x...
About this update from Aldebaran Resources Inc
[{"type":"text","content":"Aldebaran Announces Intention to Spin Out Northern Argentina Exploration Projects into a New Argentine-Focused Exploration Company and Provides an Update on the Altar PEA\n\n\n\n VANCOUVER, British Columbia, Sept. 05, 2025 (GLOBE NEWSWIRE) --\n \n Aldebaran Resources Inc.\n \n (“\n \n Aldebaran\n \n ” or the “\n \n Company\n \n ”)\n \n (TSX-V: ALDE, OTCQX: ADBRF)\n \n is pleased to announce its intention to transfer its portfolio of projects located in Salta, Jujuy, and Catamarca provinces of Argentina into a newly incorporated Canadian subsidiary (“\n \n SpinCo\n \n ”) focused on copper, gold, and silver exploration in Argentina. Aldebaran will continue to focus on the Altar copper-gold project located in San Juan, Argentina.\n \n\n Additionally, Aldebaran would like to announce that Sam Leung has been appointed as the CEO and Director of SpinCo. Mr. Leung is a seasoned mining executive with 20 years of international and South American experience, having previously worked at Adventus Mining Corporation (sold to Silvercorp Metals Inc. in 2024), Lundin Mining Corporation, and Hatch Ltd. Since 2019, he has been a board director of AbraSilver Resource Corp. and a key contributor to the growth and success of its exploration and development business in Argentina.\n \n\n\n Highlights of SpinCo Projects\n \n\n\n\n Rio Grande Project\n \n\n\n (1)\n \n\n\n\n\n Located in Salta Province\n \n\n Located approximately 9 km from the Lindero heap leach gold mine operated by Fortuna Mining Corp.\n \n\n Near-surface oxide and mixed resources are potentially amenable to heap leach extraction, with opportunities for growth\n \n\n\n M&I – 71.0 million tonnes of 0.30% Cu, 0.36 g/t Au and 3.2 g/t Ag\n \n\n\n Oxide - 46.4 million tonnes of 0.27% Cu, 0.33 g/t Au, and 2.5 g/t Ag\n \n\n Transition – 24.6 million tonnes of 0.36% Cu, 0.41 g/t Au, and 4.4 g/t Ag\n \n\n\n\n\n Inferred – 41.0 million tonnes of 0.23% Cu, 0.28 g/t Au and 2.8 g/t Ag\n \n\n\n Oxide – 32.4 million tonnes of 0.21% Cu, 0.27 g/t Au, and 2.6 g/t Ag\n \n\n Transition – 8.6 million tonnes of 0.29% Cu, 0.34 g/t Au, and 3.5 g/t Ag\n \n\n\n\n\n\n Significant potential for copper-gold sulphide mineralization with historical drilling completed\n \n\n\n Best Intercept: 257.20 m of 0.53% Cu and 1.20 g/t Au, hosted...