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Aldebaran Resources Inc. (OTCQX: ADBRF) is a dynamic mineral exploration company focusing on the discovery and development of significant copper-gold deposits in Argentina. Spun out from Regulus Resources Inc. in 2018, Aldebaran benefits from an experienced core management team. The company primarily centers its efforts on the Altar copper-gold project in San Juan Province, Argentina, where it holds a 60% interest, with the potential to increase this interest by completing additional expenditures.
The Altar project is part of a cluster of world-class porphyry copper deposits, including Los Pelambres, El Pachón, and Los Azules. Notable for its multiple porphyry copper-gold deposits, Altar offers promising potential for new discoveries and higher-grade mineralization. Recent drilling campaigns have significantly extended the mineralized footprint, demonstrating Altar's status as one of the largest undeveloped copper-gold projects worldwide.
Aldebaran has recently undertaken several strategic initiatives to enhance its exploration efforts. In January 2024, the company entered into a collaboration with Nuton LLC, a Rio Tinto Venture, to evaluate Nuton's proprietary primary sulphide leaching technologies on the Altar project. This collaboration aims to optimize the project's economics by potentially unlocking additional copper resources in an environmentally efficient manner.
The 2023-2024 drilling season has been particularly fruitful, with multiple drill holes revealing extensive mineralization. Highlights include Hole ALD-24-241, which achieved an impressive 1,018.60 meters of 0.60% CuEq from 277.40 meters depth, including several higher-grade intervals. These findings not only expand the mineralized zones but also add substantial value to the upcoming mineral resource estimate, expected in H2 2024.
Financially, Aldebaran is well-positioned, with approximately $25 million in cash on hand, ensuring that its exploration programs are fully funded. This robust financial backing enables the company to continue its aggressive exploration and development activities without interruption.
Through its affiliation with OTC Markets Group Inc., Aldebaran has upgraded to the OTCQX® Best Market, enhancing its visibility and accessibility to both U.S. and global investors. This move reflects the company's commitment to transparent and high-standard trading practices, which are crucial in attracting a broader investor base.
Overall, Aldebaran Resources Inc. is carving out a niche in the mineral exploration sector with its strategic focus, robust financial health, and ongoing successful exploration activities. With significant projects and a dedicated management team, Aldebaran is well on its way to transforming its exploration successes into long-term shareholder value.
Aldebaran Resources Inc. (TSXV:ALDE, OTCQX:ADBRF) reported final results from its 2023/2024 drilling campaign at the Altar copper-gold project in Argentina. Key highlights include:
- ALD-24-150EXT: 1,229.50 m of 0.55% CuEq, including 742.90 m of 0.69% CuEq
- ALD-24-245: 735.00 m of 0.50% CuEq, including 202.55 m of 0.66% CuEq
- ALD-24-062EXT: 1,043.00 m of 0.37% CuEq, including 729.00 m of 0.43% CuEq
The results expanded the mineralized footprint laterally and at depth. Aldebaran plans to update the mineral resource estimate in H2 2024 and produce the first PEA on the project in H2 2025. The company expects a significant increase in resource size and confidence level, with a large portion potentially falling into the M&I category.
Aldebaran Resources reports significant drill results from the 2023/2024 field campaign at the Altar copper-gold project in San Juan, Argentina. The results include:
ALD-24-243: 1,517.00 m of 0.55% CuEq from 325.00 m depth, including 919.55 m of 0.66% CuEq from 527.00 m depth, and 227.00 m of 0.79% CuEq from 930.00 m depth, extending the mineralized footprint of Altar United porphyry to the North.
ALD-24-129EXT: 1,047.00 m of 0.38% CuEq from 164.00 m depth, including 116.30 m of 0.56% CuEq from 713.00 m depth, filling a drilling gap for the upcoming resource update.
ALD-24-165EXT: 986.00 m of 0.29% CuEq, including 333.50 m of 0.41% CuEq from 633.00 m depth, and 109.10 m of 0.60% CuEq from 851.00 m depth, also filling a gap for the resource update.
The results will support an updated mineral resource estimate in H2 2024.
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.
OTC Markets Group Inc. has announced that Aldebaran Resources Inc. (ADBRF) has qualified to trade on the OTCQX Best Market, upgrading from the Pink market. This transition, effective June 28, 2021, enhances Aldebaran's visibility and accessibility to U.S. investors. The company, focused on mineral exploration, has significant projects in Argentina, including the Altar copper-gold project, which hosts multiple deposits. The upgrade signifies compliance with stringent financial and governance standards, aiming to improve trading transparency and investor confidence.
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