Mining Project
Altar - Río Cenicero
General Information
- Investment Company: ALDEBARAN RESOURCES
- Operating Company: MINERA PEREGRINE ARGENTINA
- Source of Capital: Canadá
- Address: Lateral Este Av. Circunvalación 198 (Sur) - (5411) - Santa Lucía - Provincia de San Juan
- Phone: (54-264) 425-4793
Project Details
– Location
Calingasta - San Juan province
– Description
Copper and gold porphyry
– Minerals
Copper - Gold
– Stage
Advanced exploration
– Resources & Reserves
- Altar Central y Altar East -
- Measured and Indicated Resources: 1,005.9 MT with 0.34% copper and 0.1 g/t gold (7,458 MM lbs copper and 2.981 oz gold),
- Indicated Resources: 1,051.5 MT with 0.30% copper and 0.1 g/t gold (7,053 MM lbs copper and 2.253 oz gold), Inferred Resources: 556.6 MT with 0.28% copper and 0.1 g/t gold (3,420 MM lbs copper and 1.087 oz gold)
Additional Comments
- Aldebaran Resources entered into 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
- South32 invested C$10.3 million in Aldebaran in 2022 for a 9.9% equity position, followed by a further C$10.3 million investment in 2023 to increase its position to 14.82%.
- One project: Multiple Porphyry Intrusions Spread Across 7 km of Strike Length
- Multiple High-Grade Intercepts Reveal Significant Potential For Growth higher-grade zones in altar united, below the 2021 conceptual pit
- During the 2022-2023 field season, 14,670.10 were completed in 14 drill holes, substantially increasing the mineralized footprint at Altar
- Large Prospective Areas to be Tested During the 2023-2024 Field Season (20,000m drill campaign – 4 rigs)
- Altar United appears to connect Altar Central and East together into a very large mineralized system
- The full extent of mineralization remains to be defined during the 2023-2024 drill program, including the prospective area to the north of Altar Central
- H2 2024 Updated Mineral Resource
- H1 2025 PEA