Aldebaran Provides Update on Altar Drill Program

VANCOUVER, British Columbia, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. ("Aldebaran" or the "Company") (TSX-V: ALDE, OTCQX: ADBRF) 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 (see news release dated June 13, 2022) completed last year across the entire Altar copper-gold project which revealed a compelling coincidence between the DCIP and MT resistivity data sets and areas of known mineralization. To date, only a small portion of this large, 3km x 3km x 2km anomaly, which is situated between, to the south of, and below, the main Altar Central and East deposits, has been drill-tested.

Drill holes ALD-22-220 and ALD-22-221 from the 2021/2022 drill campaign confirmed the Company’s long held belief that the Altar system is much bigger than previously thought (see news release dated August 18, 2022) and confirmed the DCIP/MT geophysical anomaly should represent mineralization. Where possible, holes are being placed in locations to coincidently test the geophysical anomaly and areas of “undefined waste” (rock within the current resource pit that is being treated as waste material due to the lack of drilling in those areas). Any mineralization found above a break-even cut-off grade within the current resource pit in areas that are currently defined as waste will benefit the overall project.

The Company currently has three rigs actively drilling on the property with two holes recently completed (see Figure 1 for locations and projected drill hole traces). Hole ALD-22-222, was recently terminated at 1,226.00 m depth and was designed to test a coincident favourable geophysical signature and a strong, multi-element talus fines geochemical anomaly at surface. The hole was drilled in an area with no previous drilling. Hole ALD-22-223 was also recently terminated at 1,287.50 m depth and was designed to test the favourable DCIP/MT geophysical anomaly in an area of favourable geological and geochemical information gleaned from nearby shallow drilling. The hole represents a >400 m step-out from previous hole ALD-21-221.