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Aldebaran Reports Infill Drilling Results from Eleven Holes at the Altar Copper-Gold Project in San Juan Argentina
Globenewswireยท2025-06-17 11:00

Core Viewpoint - Aldebaran Resources Inc. has reported positive results from its in-fill drilling program at the Altar project in San Juan, Argentina, aimed at upgrading resource classifications from Inferred to Measured & Indicated [1][3]. Drilling Results - The drilling program included 11 holes, with significant results such as: - ALDE-25-038EXT: 578.00 m of 0.51% CuEq from 372.00 m depth [2][5]. - ALDE-25-135EXT: 383.40 m of 0.47% CuEq from 476.00 m depth, including 81.00 m of 0.62% CuEq from 751.00 m depth [3][5]. - ALDE-25-118EXT: 557.00 m of 0.39% CuEq from 352.00 m depth [2][6]. Project Update - The 2024/2025 field campaign has concluded with a total of 25,186.70 m of drilling completed, marking the largest drilling campaign since Aldebaran took over the project in 2018 [7]. - The drilling included 5,977.50 m for metallurgical purposes, and downhole televiewer surveys were conducted for geotechnical data [7]. Management Commentary - The CEO, John Black, emphasized that the results confirm the continuity of known mineralization and will add significant value as the company transitions from a Preliminary Economic Assessment (PEA) to a Pre-Feasibility Study (PFS) in 2026 [3]. - The Chief Geological Officer, Kevin B. Heather, noted that the drilling aims to convert a large portion of inferred resource blocks to measured and indicated categories, enhancing the project's resource confidence [3]. Technical Data - The reported intervals represent true thickness of mineralization, with CuEq values calculated using copper, gold, silver, and molybdenum prices [4][6]. - The sampling and analytical procedures follow rigorous industry standards, ensuring data quality through the use of certified control standards [12]. Company Background - Aldebaran Resources Inc. holds an 80% interest in the Altar copper-gold project, which is part of a cluster of world-class porphyry copper deposits in Argentina [10]. - The company was spun out of Regulus Resources Inc. in 2018 and has the same core management team [10].