
Aldebaran Resources Inc. (TSX-V: ALDE) (OTCQX: ADBRF) is pleased to provide results of 11 holes from the in-fill drilling program currently being completed at the Altar project in San Juan, Argentina. The goal of these holes was to upgrade blocks of known resource classified as Inferred to Measured & Indicated. All holes reported today were focused either on the Altar Central or Altar United zones.
Highlights
ALDE-25-038EXT
ALDE-25-118EXT
ALDE-25-135EXT
John Black, Chief Executive Officer of Aldebaran, commented: “As expected, the results from the infill drill program at Altar are confirming the continuity of known mineralization and should convert resources currently classified as Inferred to Measured and Indicated. The information gained from these drill holes will add significant value as we transition from the upcoming PEA to a PFS in 2026. While the focus of the current drill program is to infill known mineralization, the deposit remains open in several directions.”
Kevin B. Heather, Chief Geological Officer of Aldebaran, commented: “Having completed a total of 25,186.70 m of drilling during the 2024-2025 field campaign, the largest total by Aldebaran since taking over the project in 2018, we should convert a large portion of the potential in-pit inferred resource blocks to the measured and indicated categories. These infill holes can be divided into two groups: (1) holes that are truly drilled in between existing holes and hence demonstrate the continuity of known mineralization, and (2) holes drilled around the peripheries of the deposit to add supporting data to convert adjacent resource blocks to a higher confidence category. In some cases, these more peripheral holes extended the mineralized footprint.”
Table 1 below shows detailed assays for all the holes. Figure 1 displays a plan map of the completed drill hole locations, while figures 2 to 10 display cross sections of the holes reported herein.
Table 1 – Drill Hole Results | ||||||||||||||
|
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Au (g/t) |
Ag (g/t) |
Mo (ppm) |
As (ppm) |
CuEq (%) |
|||||
ALD-25-30EXT – Total Depth 597.30 m | ||||||||||||||
Interval | 316.00 | 396.00 | 80.00 | 0.25 | 0.05 | 0.25 | 9 | 52 | 0.27 | |||||
ALDE-25-038EXT – Total Depth 950.00 m | ||||||||||||||
Interval | 372.00 | 950.00 | 578.00 | 0.47 | 0.04 | 1.35 | 114 | 209 | 0.51 | |||||
Incl. | 448.55 | 565.00 | 116.45 | 0.55 | 0.07 | 1.30 | 70 | 138 | 0.60 | |||||
Incl. | 601.30 | 665.00 | 63.70 | 0.57 | 0.04 | 1.49 | 147 | 467 | 0.62 | |||||
Incl. | 699.00 | 874.00 | 175.00 | 0.54 | 0.05 | 1.67 | 171 | 174 | 0.61 | |||||
ALDE-25-080EXT – Total Depth 925.00 m | ||||||||||||||
Interval | 38.00 | 170.00 | 132.00 | 0.17 | 0.05 | 0.57 | 73 | 569 | 0.20 | |||||
Interval | 258.00 | 302.00 | 44.00 | 0.20 | 0.04 | 0.50 | 59 | 593 | 0.23 | |||||
Interval | 414.00 | 925.00 | 511.00 | 0.35 | 0.03 | 0.70 | 86 | 227 | 0.38 | |||||
Incl. | 706.00 | 925.00 | 219.00 | 0.51 | 0.03 | 0.94 | 87 | 178 | 0.54 | |||||
Incl. | 790.00 | 925.00 | 135.00 | 0.62 | 0.03 | 1.15 | 105 | 200 | 0.66 | |||||
ALD-25-081EXT – Total Depth 517.80 m | ||||||||||||||
Interval | 150.00 | 517.80 | 517.80 | 0.26 | 0.03 | 0.48 | 26 | 199 | 0.28 | |||||
ALDE-25-118EXT – Total Depth 909.00 m | ||||||||||||||
Interval | 352.00 | 909.00 | 557.00 | 0.35 | 0.03 | 1.51 | 57 | 292 | 0.39 | |||||
Incl. | 796.00 | 828.00 | 32.00 | 0.51 | 0.04 | 1.62 | 73 | 101 | 0.55 | |||||
ALDE-25-135EXT – Total Depth 859.40 m | ||||||||||||||
Interval | 476.00 | 859.40 | 383.40 | 0.43 | 0.04 | 1.75 | 82 | 586 | 0.47 | |||||
Incl. | 578.00 | 611.00 | 33.00 | 0.66 | 0.03 | 2.69 | 39 | 1,692 | 0.69 | |||||
Incl. | 626.00 | 656.00 | 30.00 | 0.54 | 0.03 | 2.50 | 139 | 1,353 | 0.59 | |||||
Incl. | 751.00 | 832.00 | 81.00 | 0.56 | 0.06 | 1.53 | 128 | 137 | 0.62 | |||||
ALDE-25-230 – Total Depth 813.80 m | ||||||||||||||
Interval | 167.75 | 233.00 | 65.25 | 0.51 | 0.12 | 0.91 | 30 | 534 | 0.56 | |||||
Interval | 321.60 | 386.00 | 64.40 | 0.36 | 0.07 | 0.71 | 23 | 419 | 0.39 | |||||
Interval | 458.00 | 813.80 | 355.80 | 0.28 | 0.03 | 1.24 | 46 | 568 | 0.31 | |||||
Incl. | 672.00 | 813.80 | 141.80 | 0.43 | 0.04 | 1.70 | 72 | 656 | 0.47 | |||||
Incl. | 686.00 | 716.00 | 30.00 | 0.50 | 0.04 | 1.51 | 39 | 1,345 | 0.52 | |||||
ALDE-25-246 – Total Depth 892.00 m | ||||||||||||||
Interval | 468.00 | 892.00 | 424.00 | 0.29 | 0.03 | 0.80 | 40 | 166 | 0.31 | |||||
Incl. | 854.00 | 880.00 | 26.00 | 0.54 | 0.04 | 1.30 | 48 | 289 | 0.57 | |||||
ALDE-25-247 – Total Depth 899.60 m | ||||||||||||||
Interval | 237.00 | 899.60 | 662.60 | 0.38 | 0.12 | 1.73 | 16 | 176 | 0.43 | |||||
ALDE-25-248 – Total Depth 951.80 m | ||||||||||||||
Interval | 349.00 | 518.00 | 169.00 | 0.10 | 0.17 | 0.56 | 10 | 278 | 0.17 | |||||
Interval | 558.00 | 951.80 | 393.80 | 0.24 | 0.07 | 1.23 | 20 | 311 | 0.27 | |||||
ALD-25-249 – Total Depth 950.00 m | ||||||||||||||
Interval | 252.00 | 950.00 | 698.00 | 0.22 | 0.13 | 0.92 | 7 | 140 | 0.27 | |||||
The grades are uncut. Reported intervals represent true thickness of mineralization. CuEq values were calculated using copper, gold, silver, and molybdenum. Metal prices utilized for the calculations are Cu = US$3/lb, Au = US$1,400/oz, Ag = US$18/oz, and Mo = US$10/lb. Recoveries used for the supporting metals found in the CuEq equation are as follows: Au = 50%, Ag = 51% (based on historical metallurgical test work) and Mo = 70% (benchmarking from similar deposits). The formula utilized to calculate equivalent values is CuEq % = Cu % + (Au g/t * 0.34025) + (Ag g/t * 0.00446) + (Mo ppm * 0.00023). |
Project Update
The 2024/2025 field campaign is now complete, and all crews and equipment have been demobilized. A total of 25,186.70 m of drilling was completed on the project during the 2024-2025 field campaign, including 5,977.50 m of drilling completed for metallurgical purposes (see Company news release dated April 15, 2025 for details on metallurgical hole locations). Figure 1 displays the location of all the infill drill hole locations. In addition to drilling this season, the Company has completed downhole televiewer surveys on several holes to be used for geotechnical purposes.
Qualified Person
The scientific and technical data contained in this news release has been reviewed and approved by Dr. Kevin B. Heather, B.Sc. (Hons), M.Sc, Ph.D, FAusIMM, FGS, Chief Geological Officer and director of Aldebaran, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.
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 holds an 80% interest in the Altar copper-gold project in San Juan Province, Argentina. The Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries. Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los Azules (McEwen Copper). In November 2024 the Company announced an updated mineral resource estimate for Altar, prepared by Independent Mining Consultants Inc. and based on the drilling completed up to and including the 2023-24 field season (independent technical report prepared by Independent Mining Consultants Inc., Tucson, Arizona, titled “Technical Report, Estimated Mineral Resources, Altar Project, San Juan Province, Argentina“, dated December 31, 2024 – see news release dated November 25, 2024).
Figure 1 – Location maps of drill holes completed in the 2024/2025 field season
Figure 2 – Hole ALD-25-132EXT Cross Section
Figure 3 – Hole-25-080EXT and ALD-25-081EXT Cross Section
Figure 4 – Hole ALD-25-030EXT, ALD-25-038EXT and ALD-25-246 Cross Section
Figure 5 – Hole ALD-25-135EXT Cross Section
Figure 6 – Hole ALD-25118EXT and ALD-25-247 Cross Section
Figure 7 – Hole ALD-25-118EXT, ALD-25-249 and ALD-25-248 Cross Section
Figure 8 – Hole ALD-25-247 Cross Section
Figure 9 – Hole ALD-25-230EXT
Figure 10 – Hole ALD-25-248 and ALD-25-250 Section
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