Aldebaran reports significant increase in mineral resources at Altar copper-gold project in Argentina.
From GlobeNewswire: 2024-11-25 07:00:00
Aldebaran Resources Inc. announces the 2024 Altar Resource Estimate for the Altar copper-gold project in Argentina. The estimate includes three main porphyry discoveries and shows a significant increase from the 2021 estimate. Measured & Indicated resources include 2.40 billion tonnes of copper, gold, silver, and molybdenum. The project is open for further exploration and is suitable for open-pit mining.
The 2024 Altar Resource Estimate represents a major milestone for Aldebaran. CEO John Black highlights the significant increase in resources compared to 2021, indicating the project’s potential. Chief Geological Officer Dr. Kevin B. Heather emphasizes the high confidence level in the estimate and the value it adds to the project. A PEA is underway for completion in Q2-2025.
The Altar Resource Estimate includes Measured, Indicated, and Inferred mineral resources contained in a floating cone pit shell. The mineral resources are based on specific metal prices and cut-off grades. An NI 43-101 Technical Report will be filed on SEDAR within 45 days. The Altar project is part of a cluster of world-class porphyry copper deposits.
Aldebaran plans to hold a webinar on November 27 for more insight into the project. The QDM Gold and Radio Porphyry deposits are not included in the current estimate but will undergo an updated mineral resource estimate in early 2025. The scientific data has been reviewed and approved by the company’s Qualified Person, Dr. Kevin B. Heather.
Aldebaran Resources Inc. holds a 60% interest in the Altar project and aims to formalize an earn-in for an additional 20%. The project hosts multiple porphyry copper-gold deposits with significant potential. Forward-looking statements indicate the company’s plans for exploration and development at Altar, with a focus on future operations and achievements.
Read more at GlobeNewswire: Aldebaran Reports a Very Significant Increase in Mineral