Aldebaran Resources (TSX.V: ALDE) is a Canadian company exploring exploring a portfolio of projects in Argentina, it’s flagship being the Altar project. Altar is a large, low grade resource that currently has over 14B lbs of contained copper and 4.8MM oz of gold on a measured and indicated basis, plus an additional 3.4B lbs copper and 1.09MM oz gold on an inferred basis. Aldebaran has an option to earn up to an 80% interest in Altar from Sibanye-Stillwater, and owns a portfolio of properties in Argentina. Aldebaran aims to delineate higher-grade zones at Altar which could improve early-stage project economics for a major mining company takeover.
Dr. Kevin B. Heather, Chief Geological Officer and Director
Dr. Kevin B. Heather is an economic geologist with more than 35 years of field experience in North and South America. Dr. Heather was a founding member of Antares, Regulus and Aldebaran and directed the exploration that led to the discovery of the high-grade Haquira East deposit in Peru, which sold to First Quantum Minerals in December 2010 for C$650 MM. During his career, Dr. Heather has been involved with several discoveries and has worked on various world-class ore deposits including the El Indio Au-Ag-Cu Mine (Chile), the Pascua-Lama Au-Ag deposit (Chile-Argentina), and the Au-Ag Cerro Vanguardia Au-Ag deposit (Argentina).
What is your rationale for attending 121 Mining Investment?
Aldebaran Resources is attending 121 Mining Investment to raise awareness within the London mining investment community, and provide an update on the results of the 2019 drilling at the Company’s flagship project, Altar, and the planned exploration to come in its portfolio of projects in Argentina.
What recent news would you like to highlight to investors attending?
During 2019, Aldebaran commenced a drilling and relogging program at its Altar project. The drilling results were announced in October; two of the three holes intersected long runs of >0/5% CuEq which was materially higher grade than the historic resource and the team discovered a new porphyry which opened a new area of exploration. Information from the 2019 drill program, combined with the ongoing detailed relogging of close to 115,000 m of historical drill core, will help Aldebaran define future drill targets, extend known mineralization and allow Aldebaran to potentially recast the current low to moderate-grade resource into a lower tonnage, higher-grade resource.
What are your key goals for the next 3, 6 and 12 months?
• Continue geological relogging program at the Altar Cu-Au porphyry project to define future drill targets and help in better understanding the distribution of higher-grade copper.
• Commence an initial Phase 1, 2,000-2,500 m drill campaign at the Aguas Calientes Au-Ag epithermal vein project.
• Exploration season at Altar commences approximately in December 2019.
• Complete property-scale geophysical and geochemical surveys over the Altar Cu-Au project to help better define future drill targets.
• Possible follow-up Phase 2 drill program at the Aguas Calientes Au-Ag project depending on the results from the Phase 1 program.
• Phase 2 drill program at the Altar Cu-Au project.
• Possible updated resource statement for the Altar Cu-Au project that highlights lower tonnage, higher-grade aspects of the project.
• Evaluation of pathways forward for the Rio Grande Cu-Au porphyry project.
In a sentence, what do you think makes your company such a compelling investment?
There are very few new Cu-Au discoveries and Aldebaran’s Altar project will represent one of the most attractive Cu-Au projects held by a junior explorer available for acquisition by a major mining or resource investment company. Aldebaran also has a strong pipeline of other copper and gold opportunities in Argentina.