Aldebaran Resources Inc. is pleased to report additional results from two holes at its ongoing drilling campaign at the Altar copper-gold project in San Juan Province, Argentina. Hole ALD-22-222 was drilled in an area with no previous drilling and was designed to test a favourable geophysical signature coincident with a strong, multi-element talus fines geochemical anomaly at surface. Drill hole ALD-22-222 was terminated [...]
Aldebaran Resources Inc. is pleased to provide an update on the ongoing drill program at the Altar copper-gold project located in San Juan, Argentina. The main goal of the 2022/2023 drill campaign is to follow up on the results of the 3D IP/Resistivity and MT geophysical survey completed last year across the entire Altar copper-gold project which revealed a compelling coincidence between the DCIP and MT resistivity data [...]
Aldebaran Resources Inc. is pleased to announce that drilling has commenced at the Altar copper-gold project for the 2022/2023 field season. The Company currently has one drill rig on the property and plans to have three rigs operating by the beginning of December. John E. Black, Chief Executive Officer of Aldebaran, commented: "Towards the end of the 2021/2022 field season we received very encouraging geophysical data [...]
Aldebaran Resources Inc. is pleased to report the remaining drill holes from the 2021/2022 drill program at the Altar copper gold project located in San Juan, Argentina. Holes QDM-22-47B, QDM-22-48B, QDM-22-49 and QDM-22-50B were designed to test for extensions of porphyry mineralization and provide sufficient drill hole density to support a maiden 43-101 mineral resource calculation at the Radio Porphyry target. Drill [...]
Aldebaran Resources is pleased to report results from drill holes ALD-22-220 and ALD-22-221. The goal of both holes was to test for extensions of mineralization of the Altar Central and Altar East deposits. Hole ALD-22-220 tested for a south-western extension of Altar Central, while ALD-22-221 tested for mineralization in between Altar Central and Altar East in an area previously not drilled. In addition, ALD-22-221 also [...]
Aldebaran Resources is pleased to announce it has completed its previously announced non-brokered, $14.43 million private placement, led by a strategic investment from a wholly-owned subsidiary of South32 Limited. South32 acquired 13,700,000 common shares at a price of $0.78 per Common Share for total proceeds of $10,686,000. Route One Investment Company LLC, Aldebaran’s largest shareholder, partially exercised its [...]
Aldebaran Resourcesis pleased to announce that its non-brokered private placement, previously announced on July 20, 2022, has been upsized to 18,500,000 common shares at a price of $0.78 per Common Share for total gross proceeds of $14,430,000. On July 20, 2022, the Company announced a strategic investment by a wholly-owned subsidiary of South32 Limited to acquire a 9.9% interest in Aldebaran. Current shareholders of the [...]
Aldebaran Resources is pleased to announce that Ben Cherrington has joined the Company as Manager, Investor Relations. Ben Cherrington previously worked in media as a senior project director, leading marketing campaigns for executives in the mining sector across the Americas and Africa with Global Business Reports. Ben graduated from the University of Leeds in the UK with a BA Honours degree and received the Economic [...]
Aldebaran Resources is pleased to announce a C$10,296,000 non-brokered private placement by a wholly-owned subsidiary of South32 Limited, to advance the Company’s Altar copper-gold project in Argentina. South32 will invest C$10.3 million by way of a non-brokered private placement in the Company. The Company will issue an aggregate 13,200,000 common shares pursuant to the Private Placement at a price of $0.78 per Common [...]
Aldebaran Resources Inc. reports the results from the 3D IP/Resistivity and MT geophysical survey recently completed across the entire Altar copper-gold project. The survey was started in the 2020/2021 field season and completed during the 2021/2022 field season. The results of this survey have identified compelling targets that warrant additional drilling. A large >1 by 1-kilometre resistivity-low (conductivity-high [...]
Aldebaran Resources is pleased to announce that Stillwater Canada LLC, a wholly owned subsidiary of Sibanye Stillwater Limited and Aldebaran’s second largest shareholder, has elected to exercise 1,590,000 previously issued common share warrants for gross proceeds to the Company of $1,113,000. The warrants have an expiry date of September 15, 2022 and a strike price of $0.70.
Aldebaran Resources announces that it has optioned its 100% owned El Camino II claim, located in Salta, Argentina to NOA Lithium Brines, for total consideration of US$1,200,000 to be paid over a two year period, a 1% NSR on the property and a conditional US$1,000,000 payment. NOA will have the right to earn a 100% interest in the El Camino II claim by completing the following:
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