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ALDEBARAN RESOURCES INC - $ADBRF STOCK NEWS

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Rhea-AI Summary

Aldebaran Resources Inc., a mining company, reports positive drilling results at the Altar copper-gold project in San Juan, Argentina. The four drill holes mentioned in the press release extended the mineralization footprint, with ALD-24-241 returning one of the highest-grade intercepts to date. The results will contribute to a mineral resource update in H2 2024. Key findings include significant copper equivalent grades, gold mineralization, and the potential for low-cost heap leaching. The company is concluding the 2023/2024 field program with upcoming assays pending and plans for an Investor Day event in May 2024.

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6.96%
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Rhea-AI Summary
Aldebaran Resources Inc. will host an Investor Day on May 29, 2024, at the TMX Market Centre in Toronto, Ontario, Canada. The event will feature presentations by key company executives, including an overview of the Altar copper-gold project using VRIFY and an analysis of the current state of Argentina. Pre-registration is required for in-person attendance, with webcasting available for remote participation.
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-6.23%
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Rhea-AI Summary
Aldebaran Resources Inc. reports positive results for five drill holes at the Altar copper-gold project in Argentina. The holes extended the mineralized footprint, with significant copper equivalent grades reported. The company plans to focus on core deposit areas for future drilling.
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3.22%
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Rhea-AI Summary
Aldebaran Resources Inc. reports results from the first four drill holes of the 2023/2024 field campaign at the Altar copper-gold project in San Juan, Argentina. The results show significant step-outs to test for the southern extension of mineralization within the large, conductive geophysical anomaly at Altar. The holes intersected low- to moderate-grade mineralization in wall rocks that will add resources to a previously undrilled area. Hole ALD-23-234 successfully hit mineralization and will likely convert waste to resources in the upcoming mineral resource update for the project.
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-9.31%
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Rhea-AI Summary
Aldebaran Resources Inc. announces a collaboration agreement with Nuton LLC, a Rio Tinto Venture, to evaluate the use of Nuton's proprietary primary sulphide leaching technologies on the Altar copper-gold project in San Juan, Argentina. The agreement grants Nuton exclusivity in the area of leaching technologies for one year and the parties will share the cost of the test program. Test work is expected to commence in H1 2024 with full results available approximately one year after the columns are loaded.
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Rhea-AI Summary
Aldebaran Resources Inc. has started drilling at the Altar copper-gold project for the 2023-2024 field season. The company aims to complete 15,000-20,000 m of drilling during this season. The drill program is fully funded, and the company has approximately $25 M cash on hand. The goal of the drill program is to demonstrate the full extent of mineralization at Altar and contribute to an updated Resource Estimate for the entire project planned in H2-2024.
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3.51%
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Rhea-AI Summary
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2.13%
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ALDEBARAN RESOURCES INC

OTC:ADBRF

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129.33M
36.47M
34.02%
44.2%
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