Hole ALD-23-225B was drilled to test the continuity between mineralization encountered in previously released holes ALD-22-223 (1,167.50 m of 0.48% CuEq – see Company news release dated
Highlights
ALD-23-225B
- 1,056.20 m of 0.56% CuEq from 291 m depth
- Including 951.20 m of 0.60% CuEq from 396 m depth
- Including 645.00 m of 0.70% CuEq from 622 m depth
- Including 80 m of 0.89% CuEq from 946 m depth
- Including 645.00 m of 0.70% CuEq from 622 m depth
- Including 951.20 m of 0.60% CuEq from 396 m depth
- Higher-grade than the current average grade of the mineral resource
- Hole ended in 19.20 m of 0.50 % CuEq
- Provides additional confirmation that the mineralized footprint of the Altar system is much larger than previously understood
Dr.
Table 1 below displays detailed assay results. Figure 1 displays a plan map with the location of the reported holes as well as completed and active drill holes. Figure 2 displays a cross-section, looking to the east, showing results from ALD-23-225B. Figure 3 displays a cross-section, looking to the north, displaying the prominent geophysical anomaly at the Altar project and the results of drilling into that anomaly, to date.
Table 1 – Altar Drill Hole Results | |||||||||
| From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) | Mo (ppm) | As (ppm) | CuEq (%) |
ALD-23-225B | |||||||||
Interval | 291.00 | 1,347.20 | 1,056.20 | 0.51 | 0.05 | 2.36 | 125 | 222 | 0.56 |
Incl. | 396.00 | 1,347.20 | 951.20 | 0.54 | 0.04 | 2.56 | 138 | 229 | 0.60 |
Incl. | 622.00 | 1,267.00 | 645.00 | 0.64 | 0.04 | 2.26 | 169 | 233 | 0.70 |
Incl. | 946.00 | 1,026.00 | 80.00 | 0.80 | 0.05 | 2.62 | 256 | 212 | 0.89 |
The grades are uncut. CuEq values were calculated using copper, gold, silver, and molybdenum. Metal prices utilized for the calculations are Cu = |
Discussion of Results
ALD-23-225B
Drillhole ALD-23-225B was collared 230 m southwest from ALD-22-223. It was drilled at -80 degrees inclination and 180 degrees azimuth to a final depth of 1,347.50 m. This hole is a twin of ALD-23-225, which was lost at 179 m depth.
Drillhole ALD-23-225B intersected diorite porphyry from surface to 1,324.2 m depth where the hole transitions to andesitic volcanic rocks cut by diorite porphyry dykes until the end of the hole.
The top 280 m of the hole are strongly oxidized and fractured. A poorly formed enrichment zone occurs from the base of oxidation to 460 m depth. This interval is characterized by weak chalcocite-pyrite-chalcopyrite mineralization associated with white sericite alteration overprinting potassic alteration. From 460 m until the end of the hole the dominant alteration is characterized by green sericite-quartz-anhydrite assemblages overprinting earlier potassic alteration, both of which are well mineralized. The green sericite-quartz-anhydrite-chalcopyrite-(chalcocite) assemblage occurs as halos of hairline veins that overprint earlier K feldspar-biotite-chalcopyrite alteration. These halo-style veins are pervasive and obliterate the original texture of the rock and are associated with abundant fine-grained sulphides associated with very high copper grades. Occurrence of these halo veins correspond with an increasing frequency of quartz-chalcopyrite-pyrite-molybdenite veins, which in most cases are crosscutting the halo-style veins. Mineralization in this interval consists of fine-grained sulphides consisting of chalcopyrite-pyrite-bornite-molybdenite.
Project Update
The Company is actively drilling with four rigs. Holes ALD-23-227, ALD-23-228, ALD-23-230, ALD-23-231 and ALD-23-189EXT were recently completed and were terminated at 1,238.5 m, 1,241.6 m, 611.4 m, 1,211.8 m, and 1,246.0 m respectively: all pending final assays. Hole ALD-23-189EXT is an extension of historical drill hole ALD-12-189, which was originally terminated at 592 m depth. At the date of this release, three new holes were being drilled: hole ALD-23-229 was at approximately 1,401.5 m depth, while holes ALD-23-232 and ALD-23-124EXT were at approximately 828.35 m and 529.45 m depths, respectively. Hole ALD-23-124EXT is an extension of historical drill hole ALD-12-124, which was originally terminated at 226.50 m depth. The fourth rig is being mobilized to drill pad ALD-23-233. The Company plans to continue drilling until weather permits, which is currently anticipated to be sometime in
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The scientific and technical data contained in this news release have been reviewed and approved by Dr.
ON BEHALF OF THE ALDEBARAN BOARD
(signed) “
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About Aldebaran Resources Inc.
Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. Aldebaran has the right to earn up to an 80% interest in the Altar copper-gold project 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 showing completed and active drill holes from the ongoing 2022/2023 drill program as well as ALD-22-220 and ALD-22-221 from the 2021/2022 drill program
Figure 2 – Cross-section looking towards the northeast displaying CuEq (%) values in ALD-23-225B
Figure 3 – Cross-section displaying resistivity anomaly and ALD-19-212, ALD-22-221, ALD-22-223, ALD-23-224 and ALD-23-225B
Images accompanying this announcement is available at:
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https://www.globenewswire.com/NewsRoom/AttachmentNg/0fd6df3e-6988-4e16-bfa4-33fb005ba774
https://www.globenewswire.com/NewsRoom/AttachmentNg/eabd2178-7803-404c-93a7-df469d0f8d5f
![](https://ml.globenewswire.com/media/NDQ3NTE1MWEtYjdhNy00Yjg1LWFhZmQtZGQ4NzViY2VlODY1LTExMzY1NDU=/tiny/Aldebaran-Resources-Inc-.png)
Figure 1
![](https://ml.globenewswire.com/media/7bc7d2fc-c93d-4f70-a686-eeaaa440c072/medium/figure-1.jpeg)
Plan map showing completed and active drill holes from the ongoing 2022/2023 drill program as well as ALD-22-220 and ALD-22-221 from the 2021/2022 drill program
Figure 2
![](https://ml.globenewswire.com/media/0fd6df3e-6988-4e16-bfa4-33fb005ba774/medium/figure-2.jpeg)
Cross-section looking towards the northeast displaying CuEq (%) values in ALD-23-225B
Figure 3
![](https://ml.globenewswire.com/media/eabd2178-7803-404c-93a7-df469d0f8d5f/medium/figure-3.png)
Cross-section displaying 3DMT resistivity anomaly and ALD-19-212, ALD-22-221, ALD-22-223, ALD-23-224 and ALD-23-225B
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