Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), please note that the length of the upper zone in drillhole ALD- 22-221 was 89.0 m rather than 64 .0 m and started at 240.0 m depth rather than 22.0 m depth. The grades were reported correctly. Also, the lower zone of ALD-22-2
ALDEBARAN RESOURCES INC.
NEWS RELEASE
Aldebaran Corrects August 18th, 2022 News Release
VANCOUVER, CANADA ( August 19 , 2022 ) – In a release issued yesterday, August 18, 2022, for Aldebaran
Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), please note that the length
of the upper zone in drillhole ALD- 22-221 was 89.0 m rather than 64 .0 m and started at 240.0 m depth rather than
22.0 m depth. The grades were reported correctly. Also, the lower zone of ALD-22-221 started at 428.0 m depth rather
than 228.0 m depth. The length and grades were reported correctly. The corrected release follows:
Aldebaran is pleased to report results from drill holes ALD-22-220 and ALD-22-221. The goal of both holes was to
test for extensions of mineralization of the Altar Central and Altar East deposits. Hole ALD-22-220 tested for a south-
western extension of Altar Central, while A LD-22-221 tested for mineralization in between Altar Central and Altar
East in an area previously not drilled. In addition, ALD -22-221 also tested the northern edge of the very large 3D
IP/MT geophysical anomaly recently reported by the Company (see news release dated June 13, 2022) however, the
hole was started before the final geophysical data was received so it did not test the centre of the anomaly. Both holes
successfully intercepted mineralization ; ALD-22-221 intercepted a long run of mineralization indicating that the
geophysical anomaly correlates well with mineralization, which opens a very large new area for additional exploration.
Highlights
ALD-22-221
● 89.00 m of 0.38% CuEq from 240 m depth (secondary copper sulphide zone)
● 1,059.50 m of 0.40% CuEq from 428 m depth (primary copper sulphide zone)
o Including 50.00m of 0.72% CuEq from 660 m depth
o And 95.05m of 0.64% CuEq from 832 m depth
● Hole ALD-22-221 tested the northern edge of a very large 3D IP/MT geophysical anomaly; the results of
this hole indicate that the geophysics correlate well with known mineralization (see Figure 3)
● The hole ended in mineralization
ALD-22-220
● 284.00 m of 0.41% CuEq from 462 m depth
o Including 100.00 m of 0.55% CuEq from 462 m depth
● 135.00 m of 0.23% CuEq from 809 m depth
John Black, Chief Executive Officer of Aldebaran, commented as follows: “Hole 221 is very encouraging as it
returned over a kilometer of mineralization in an area previously thought to be barren. Also, this hole provides a
strong proof of concept that the 3D IP/MT geophysical targets correlate well with mineralization. Although this hole
was started prior to receiving the geophysical data and didn’t centre punch the anomaly, it still provides confidence
that where we drill the geophysical anomaly, we are likely to hit mineralization. Based on the size of the anomaly, this
deposit has the potential to become much larger. Hole 220 also successfully expanded the footprint of Altar Central
to the southwest and will require additional drilling to test the full extent of the mineralization. We look forward to
getting back on site in the second half of 2022 to start drilling this sizeable geophysical anomaly from more strategic
locations.”
Dr. Kevin B. Heather, Chief Geological Officer of Aldebaran, commented as follows: “Drill holes 220 and 221
confirm our long-held belief that the Altar system is much bigger tha n previously thought . The new 3D IP/MT
geophysical anomaly correlates extremely well with the known mineralization that makes up the 2021 in-pit resource
at both Altar Central and Altar East and also with mineralized drill holes that extend below and laterally away from
that conceptual pit resource. Of particular interest, mineralization in 221 is hosted entirely within both favourable
and historically less favourable wall rock units, suggesting the mineralizing source is nearby. Altar has the potential
to become extremely large and we look forward to drilling additional holes into the untested portions of the
geophysical anomaly.”
Table 1 below display s detailed assays results. Figure 1 displays a plan map with the location of the reported drill
holes, and Figures 2, 3 and 4 display cross sections of the results of the holes reported herein.
Table 1 – 2022 Altar Drill Hole Results
Au (g/t)
Cut-off
From
(m)
To
(m)
Interval
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
Mo
(ppm)
As
(ppm)
CuEq
(%)
ALD-22-221
Interval 240.00 329.00 89.00 0.32 0.04 0.47 22 71 0.38
Interval 428.00 1,487.50 1,059.50 0.33 0.02 2.10 107 358 0.40
incl 660.00 710.00 50.00 0.62 0.05 3.32 96 1,192 0.72
and 832.00 927.05 95.05 0.56 0.04 2.87 97 292 0.64
ALD-22-220
Interval 462.00 746.00 284.00 0.35 0.06 0.82 33 124 0.41
incl 462.00 562.00 100.00 0.50 0.05 1.14 41 169 0.55
Interval 809.00 944.00 135.00 0.21 0.02 0.61 32 235 0.23
The grades are uncut. CuEq values were calculated using copper, gold, silver and molybdenum. Metal prices utilized for the calculations are Cu
= US$3.00/lb, Au = US$1,400/oz, Ag = US$18/oz, and Mo = US$10/lb. No adjustments were made for recovery as the pr oject is an early -stage
exploration project and metallurgical data to allow for estimation of recoveries is not yet available. The formulas utilized to calculate equivalent
values is CuEq % = Cu % + Au g/t * 0.6805 + Ag g/t * 0.00875 + Mo ppm / 3000 .
Discussion of Results:
ALD-22-220
Drillhole ALD-22-220 was drilled at -70 degree dip and an azimuth of 50 degrees to a final depth of 1,186.50 m. The
purpose of the hole was to test for the extension of mineralization with a strong, multi-element geochemical anomaly
with a NW-SE trend related to the Altar Central porphyry center. The hole intersected a mixed sequence of massive
to fragmental andesitic volcanic rocks and, from 0 to 155 m depth and from 155 m to 480 m depth, a thick sequence
of massive to fragmental rhyolitic volcanic rocks with possible crosscutting hypabyssal rhyolitic porphyry intrusions.
From 480 m to 770 m, the hole once again encountered a mixed sequence of massive to fragmental andesitic volcanic
rocks before entering a heterolithic magmatic-hydrothermal breccia from 770 m to 814 m. From 814 m until the end
of the hole (1,186.50 m), the hole continued in the mixed sequence of massive to fragmental andesitic volcanic rocks.
This drillhole encountered strong epidote -chlorite-magnetite-hematite-pyrite alteration (i.e., propylitic assemblage)
over the upper 155 m before entering a long run of strong sericite-pyrite-tourmaline-quartz-chalcopyrite alteration,
associated with the occurrence of moderate copper mineralization. Starting at 815 m depth until the end of the hole,
ALD-22-220 intersected moderate biotite-magnetite-potassium-feldspar alteration associated with weak quartz
veining containing chalcopyrite and molybdenite. The alteration and mineralization encountered in this drill hole
suggest that we have drilled into the outer portion of the system in the upper portion of the hole and progressively
drilled back in towards the central portion of the Altar Central system.
ALD-22-221
Drillhole ALD-22-221 was drilled at a -80 degrees dip and an azimuth of 265 degrees to a final depth of 1487.50 m.
The hole was drilled into a previously untested area located in between the known mineralization at Altar Central and
Altar East. The only hole within a 200 m radius is ALD-07-024, which was drilled only to 445.8 m depth. Hole ALD-
22-221 was collared and started before the receipt of the final 3D IP/MT geophysical survey results however, the hole
does test the northern margin of a very large (4 km x 3.5 km x 2 km), coincident DCIP -Resistivity and 3DMT -
Resistivity, conductive anomaly. Hole ALD-22-221 cut through a quartz diorite intrusion with strong stockwork quartz
veining from surface to 302 m depth, before passing into a thick sequenc e of massive porphyritic and fragmental
rhyolites to a depth of 674 m. From 674 m to 973 m, the hole encountered a sequence of massive to fragmental
andesitic volcanic rocks and then, from 973 m until 1,181 m, a massive porphyritic rhyolite unit. From 1,181 m until
the end of the hole at a depth of 1,487.50 m, the hole encountered the andesitic volcanic rocks again. The fragmental
rhyolites are interpreted to be part of the regional ~20 Ma aged volcanic stratigraphy, whereas some of the porphyritic
rhyolites may be cross-cutting intrusive dykes related to a younger mineralizing porphyry event, but further geological
work, along with Re-Os molybdenite and U-Pb zircon age-dating, is being done to address this as part of an ongoing
doctoral research study being completed on the project.
Drillhole ALD-22-221 encountered a strongly oxidized and leached zone to 240 m depth, followed by an 89 m thick
horizon of moderately developed secondary copper sulphide enrichment consisting of chalcocite on pyrite. This zone
of enrichment is in an area within the 2021 conceptual pit shell, that is currently classified as waste material ; hence
this and any follow- up drilling will add to the currently known secondary copper resource. Hole ALD -22-221 also
shows a strong lithological control on both favourable alteration and the better mineralization.
The rhyolite intervals display strong (a) quartz – sericite – pyrite - chalcopyrite, (b) quartz – tourmaline - pyrite, and
(c) quartz – pyrite - enargite assemblages with low to modera te copper values and elevated arsenic contents.
Historically the rhyolitic rocks at the Altar project have been poor and somewhat unreceptive host rocks for
mineralization however, moderately mineralized rhyolites in hole ALD- 22-221 suggest that the system is getting
stronger such that even these less favourable host rocks are being mineralized , whereas the andesitic rocks display
moderate to strong biotite and potassium -feldspar (i.e., potassic alteration) that increases towards the bottom of the
hole. This potassic alteration is overprinted by an assemblage of moderate intensity green sericite-pyrite-chalcopyrite
± bornite which are associated to moderate and continuous copper grades with low arsenic contents. The entire hole
is strongly anomalous in molybdenum, increasing considerably from 530 m depth with the occurrence of quartz -
chalcopyrite-molybdenite veins and becoming very strong over the last 500 m of the drill hole.
Webinar
For more context, please join CEO John Black and Chief Geological Office Dr. Kevin B. Heather in a live event on
August 22 nd at 2 pm EST / 11 am PST. Q&A will follow the brief presentation. Click here to register :
https://6ix.com/event/aldebaran-confirms-coincidence-of-mineralization-and-geophysical-anomaly-at-altar-copper-
gold-project/
Qualified Person
The scientific and technical data contained in this news release has been reviewed and approved by Dr. Kevin B.
Heather, B.Sc. (Hons), M.Sc, Ph.D, FAusIMM, FGS, Chief Geological Officer and director of Aldebaran, who serves
as the qualified person (QP) under the definitions of National Instrument 43-101.
For further information, please consult our website at www.aldebaranresources.com or contact:
Ben Cherrington
Manager, Investor Relations
Phone: +1 347 394-2728 or +44 7538 244 208
Email: [email protected]
About Aldebaran Resources Inc.
Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same
core management team. Aldebaran acquired the Rio Grande copper-gold project located in Salta Province, Argentina
from Regulus along with several other early-stage projects in Argentina. Aldebaran also has the right to earn up to an
80% interest in the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater Limited. The
Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries. Altar forms part
of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachón
(Glencore), and Los Azules (McEwen Copper). In March 2021 the Company announced an updated mineral resource
estimate for Altar, prepared by Indepe ndent Mining Consultants Inc. and based on the drilling completed up to and
including 2020. Aldebaran’s primary focus is the Altar project with a view to discovering new zones with higher -
grade mineralization.
Sampling and Analytical Procedures
Altar follows systematic and rigorous sampling and analytical protocols which meet and exceed industry standards.
These protocols are summarized below and are available on the Aldebaran website at www.aldebaranresources.com.
All drill holes are diamond core holes with PQ, HQ or NQ core diameters. Drill core is collected at the drill site where
recovery and RQD (Rock Quality Designation) measurements are taken before the core is boxed and transported to
the Altar camp facilities, a short distance away, where the whole core is photographed under more optimum lighting
conditions and geological quick log is produced. The whole-core is then marked and sampled into geological defined,
systematic 1- to 2-metre sample intervals, unless the geologist determines the presence of an important geological
contact, which should not be crossed. The whole -core is then cut -in-half with a diamond saw blade, with half the
sample retained in the core box for future reference and the o ther half placed into a pre -labelled plastic bag, sealed
with a two plastic security zip ties, and labeled with a unique sample number. The bagged samples are then placed
into larger plastic sacks and those sacks are sealed with another plastic security zip tie and labelled for shipment. The
sacks are then placed onto wooden pallets and wrapped in plastic shrink -wrap and stored in a secure area pending
shipment to a certified ALS laboratory sample preparation facility located in Mendoza, Argentina, where the samples
are dried, crushed, and pulverized. The resulting sample pulps are sent by batch to the ALS laboratory in Lima for
geochemical assay analysis, including a 30g fire assay with an atomic absorption (AA) finish analysis for gold and a
full multi -acid digestion (4 -acid) with ICP -AES analysis for other elements. Samples with results that exceed
maximum detection values for gold are re -analyzed by fire assay with a gravimetric finish and other elements of
interest are re-analyzed using precise ore-grade ICP analytical techniques. Aldebaran independently inserts certified
control standards (Super Certified Reference Materials (SCRM’s), coarse field blanks, and duplicates into the sample
stream to monitor data quality. These standards are inserted “blindly” to the laboratory in the sample sequence prior
to departure from the Aldebaran facilities.
Forward-Looking Statements
Certain statements regarding Aldebaran, including management's assessment of future -plans and operations, may constitute
forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties,
most of which are beyond Aldebaran's control. Often, but not always, forward-looking statements or information can be identified
by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Specifically, and without limitation, all statements included in this press release that address activities, events or develo pments
that Aldebaran expects or anticipates will or may occur in the future, including the proposed exploration and development of the
Altar project described herein, and management's assessment of future plans and operations and statements with respect to the
completion of the anticipated exploration and development programs, may constitute forward-looking statements under applicable
securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Aldebaran's control.
These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially
from those expressed in, or implied by, such forward -looking statements. Although Aldebaran believes that the expectations
represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be
correct. The forward-looking statements contained in this press release are made as of the date hereof and Aldebaran does not
undertake any obligation to publicly update or revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Figure 1 – Plan map showing drill collar locations
Figure 2 – Section displaying ALD-22-221 in relation to the 2021 conceptual resource pit and nearby drilling
Figure 3 – Section displaying ALD-22-221 in relation to the 3D MT Inversion resistivity geophysical anomaly
Figure 4 – Section displaying ALD-22-220 and ALD-22-221 in relation to the 221 conceptual resource pit and
nearby drilling