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Aldebaran Announces Launch of Drill Program in Canadian Business Journal’s Altar Project

VANCOUVER, British Columbia, November 15, 2022 (GLOBE NEWSWIRE) — Aldebaran Resources Co., Ltd. (“aldebaran” or “Company”) (TSX-V: ALDE, OTCQX: ADBRF) 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 site and by early December he expects to have three rigs operational.

Aldebaran CEO John E. Black commented:We have received very encouraging geophysical data towards the end of the 2021/2022 field season. This indicates that the altar-east and altar-center deposits may be considerably larger than previously thought. Hole 221, the first hole to the northern edge of the geophysical anomaly, returned over 1 km of mineralization and provided a proof of concept. The entire hall is outside the property’s current resource estimates, already making Altar one of the largest undeveloped copper and gold projects in the world. The goal of the 2022/2023 drilling program is to further test this promising anomaly and to test the un-drilled area currently defined as waste in the 2021 resource estimate. Once we feel we have adequately tested for geophysical anomalies, we will move on to resource updates throughout the Altar project, including the radio porphyry deposits, which were the focus of drilling in our 2021/2022 field program. “

The results of the 3D IP/resistivity and MT geophysical surveys completed across the Altar copper-gold project (see company news release dated June 13, 2022) show that both high-conductivity (i.e., low-resistivity) revealed compelling agreement between domains. IP and MT data including regions of known copper-gold mineralization defined by previous drillings (Fig. 1). At the time, only a small portion of this large 3 km x 3 km x 2 km anomaly, located between the central and eastern deposits of the main altar, south of, and below, had been drill tested. ALD-22-220 and ALD-22-221 drill holes (Figure 2) confirm management’s long-standing belief that the Altar system is much larger than previously thought (18 Aug 2022) See company news release dated). In the 2022/23 campaign, multiple drill holes will test significant geophysical anomalies from more strategic locations.

The first borehole for the 2022-2023 campaign will continue ALD-22-222, which was shut down at 7m depth in June 2022 for end-of-campaign snowfall. Matching favorable geophysical features and powerful multi-element talus fine-tune geochemical anomalies at the surface. Additional high-priority boreholes test regions within large geophysical anomalies with more favorable geological and alteration indices collected from historical boreholes. Where possible, holes have also been designed to test areas within the current 2021 conceptual resource pit shell. Some of these ‘undefined waste’ areas have favorable geophysical and/or geochemical anomalies occurring within or near current pit shells and are not suitable for disposal. Provides an opportunity to convert things into mineralization.

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Join CEO John Black and Chief Geology Officer Dr. Kevin B. Heather for a live event on November 16 to learn more.th 10am EST / 7am PST. A Q&A follows the presentation. Click here to register:

Aldebaran Announces Commencement of Drill Program at Altar

qualified person

The scientific and technical data contained in this news release has been reviewed and approved by Kevin B. Heather, Ph.D., BSc. (Hons), M.Sc, Ph.D, FAusIMM, FGS, Chief Geology Officer and he is Director of Aldebaran and serves as a Qualified Person (QP) as defined by National Instrument 43-101.

On behalf of Aldebaran Resources

John Black
Representative Director and President
Phone: +1 604-685-6800

Click here to subscribe to receive future news releases: https://aldebaranresources.com/contact/subscribe/

For more information, please visit our website www.aldebaranresources.com or contact us at:

Ben Cherrington
Manager, Investor Relations
Phone: +1 347 394-2728 or +44 7538 244 208
Email: [email protected]

About Aldebaran Resources

Aldebaran is a mineral exploration company spun out of Regulus Resources Inc. in 2018 and shares the same core management team. Aldebaran is entitled to an interest of up to 80% in the Altar copper-gold project in San Juan, Argentina from Sibanye Stillwater Limited. The Altar Project hosts multiple porphyry copper-gold deposits with additional discovery potential. Altar forms part of a cluster of world-class porphyry copper deposits, including Los Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los Azules (McEwen Copper). In March 2021, the company announced Altar’s updated mineral resource estimates based on drilling completed through 2020 (an independent technical report prepared by Independent Mining Consultants Inc., Tucson, Arizona, “Technical Report, Estimated Mineral Resources, Altar Project, San Juan Province, ArgentinaMarch 22, 2021 – see news release dated March 22, 2021).

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements about Aldebaran involve management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws, and involve known and unknown risks and uncertainties. It involves certainties, most of which are beyond Aldebaran’s control. Often, but not always, forward-looking statements or information are known as “plans,” “expects,” “does not expect,” “expects,” “budgets,” “plans,” ” presume, “predict”, “intend”, “predict”, “do not predict”, “believe” or that a particular action, event or outcome “could”, “could” A variation of a word or phrase or statement such as “could”, “could” or “will” be taken, occur or be achieved.

Specifically, without limitation, all statements contained in this press release that address Aldebaran activities, events or developments that occur or may occur in the future. Future plans, operations and statements regarding the anticipated completion of exploration and development programs may constitute forward-looking statements under applicable securities laws and are necessarily subject to known and unknown risks and uncertainties. With certainty, most of it is beyond Aldebaran’s control. These risks could cause actual financial and operating results, performance, levels of activity and outcomes to differ materially from those expressed or implied by such forward-looking statements. Aldebaran believes that the expectations expressed in such forward-looking statements are reasonable, but there is no assurance that such expectations will prove correct. The forward-looking statements contained in this press release are made as of the date hereof and Aldebaran may not make any forward-looking statements as a result of new information, future events or otherwise. or under no obligation to publicly update or correct the information. except as required by applicable securities laws.

Figure 1 – Planning Map: https://www.globenewswire.com/NewsRoom/AttachmentNg/5d19f564-40c1-4498-96b3-d39f5ef8c167

Figure 2 – Southeast-facing oblique view section showing ALD-22-220 and ALD-22-221 in relation to 3D MT inversion resistivity geophysical anomalies and conceptual resource pit shells in 2021 : https://www.globenewswire.com/NewsRoom/AttachmentNg/8a4afd3f-545e-4239-bd85-13f4e5d5eff3


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Aldebaran Announces Launch of Drill Program in Canadian Business Journal’s Altar Project

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