Aldebaran Provides Update on Site Activities in Response to COVID-19

VANCOUVER, British Columbia, March 26, 2020 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company", ALDE TSX.V) is providing an update on site activities at its Altar copper-gold project in Argentina and the Company’s response to the ongoing COVID-19 pandemic.

The Company’s current priority in the face of the COVID-19 pandemic is to ensure that all employees and their families are safe and minimize any potential risks to them or others in the communities where we live and work. On March 19, 2020, the Argentinian government declared mandatory quarantine until the end of March and the Company immediately arranged for the field-camp to be closed and all its employees and contractors to return home. Aldebaran employees in Argentina will now remain at home until the government mandated quarantine concludes. This measure has required exploration operations at the Altar project, including the re-logging program being completed at the Aldebaran warehouse in San Juan, to be placed on hold for this period. The Company is monitoring the situation very closely and after the quarantine period has concluded, will evaluate the situation based on official government recommendations. Aldebaran’s corporate management team will work from home and any near-term international travel has been postponed.

The implementation of the quarantine has resulted in the closure of the Altar field camp about one month earlier than originally planned, however the majority of the field work scheduled for this season is already complete. Prior to the quarantine, the Company had just completed a comprehensive ground magnetics survey of the Altar project area, the purpose of which is to understand the structural framework and identify the location of potential faults which management believes have important controls on the distribution of the mineralization. The Company has also completed the majority of a mapping initiative that generated the first systematic surface geological map since discovery of the deposit in the early to mid 1990's. The mapping program has uncovered various new geological relationships which aid in better understanding the deposit and has identified several unexplored areas exhibiting favourable geology and alteration which warrant future follow-up work. In addition, a talus-fine geochemical survey consisting of approximately 1,500 samples collected to-date has been completed over the main project area at Altar. Geological mapping and talus fine sampling in the more peripheral portions of the project area will be rescheduled for completion early in the next field season. To compliment these field activities, the Company has recently acquired regional-scale ASTER and district/deposit-scale Worldview-3 satellite imagery and hyperspectral data that will add valuable data related to the distribution of the hydrothermal alteration associated with the Cu-Au mineralization, as well as provide insights into new target areas. A detailed structural analysis of this imagery is also in progress and will augment the geological mapping study.