Business
Aldebaran Resources Announces Commencement of Drill Program at Altar Project
VANCOUVER, British Columbia, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company") (TSX-V: ALDE, OTCQX: ADBRF) is pleased to
About this update from Aldebaran Resources Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (\"Aldebaran\" or the \"Company\") (TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce 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. John E. Black, Chief Executive Officer of Aldebaran, commented: “Towards the end of the 2021/2022 field season we received very encouraging geophysical data, indicating that the Altar East and Altar Central deposits may be substantially larger than previously thought. Our first hole into the northern edge of the geophysical anomaly, hole 221, provided a proof of concept, returning over 1 km of mineralization. The entire hole is outside of the current resource estimate for the property, which already shows that Altar is one of the largest undeveloped copper-gold projects in the world. The goals of the 2022/2023 drill program are to further test this promising anomaly and test undrilled areas currently defined as waste in the 2021 resource estimate. When we feel that we have properly tested the geophysical anomaly, we will transition to a resource update for the entire Altar project, including the Radio Porphyry deposit, which was the focus of drilling in the 2021/2022 field program.” The results of the 3D IP/Resistivity and MT geophysical surveys (see Company news release dated June 13, 2022) completed across the entire Altar copper gold project revealed a compelling coincidence between areas of high conductivity (i.e., low-resistivity) from both the IP and MT data, with areas of known copper-gold mineralization defined by previous drilling (Figure 1). 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 (Figure 2) then confirmed management’s long-held belief that the Altar system is much bigger than previously thought (see Company news release dated August 18, 2022). 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-22-22...