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Aldebaran Resources Inc.
Summary
| Project: | Altar | |
|---|---|---|
| Deposit: | Altar | |
| Location: | Argentina | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 11/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-11-2018: Aldebaran Resources Inc. announces a Resource Estimation report for its Altar deposit at the Altar project. Mineral resource report unchanged as part of spin out. This Technical Report presents the estimation of mineral resources for the Altar | |
| Resources: | (Resource, M+I): 2043900Kt @ 0.334% Cu, 0.074g/t Au, 0.93g/t Ag | |
| CP/QP: | [Resources]: John Marek (Independent Mining Consultants Inc.) | |
| ABSTRACT: | This Technical Report presents the estimation of mineral resources for the Altar copper-gold porphyry and the nearby Quebrada de la Mina precious metals project in San Juan Province, Argentina. Independent Mining Consultants, Inc. (IMC) was requested to prepare this statement of mineral resources by Regulus Resources Inc. (Regulus) and Aldebaran Resources Inc. (Aldebaran). Regulus has entered into an arrangement agreement (the “Arrangement Agreement”) to spin out its Argentine assets, including the Rio Grande and Aguas Calientes projects, into a newly formed company, Aldebaran Resources Inc. (“Aldebaran”). Under the terms of the Arrangement Agreement, Aldebaran will enter into a joint venture and option agreement (the “JV Agreement”) with Stillwater Canada LLC (Stillwater), an indirect subsidiary of Sibanye Gold Limited, trading as Sibanye-Stillwater (“Sibanye-Stillwater”), to acquire up to an 80% interest in Peregrine Metals Ltd. (“Peregrine”), a wholly-owned subsidiary of Sibanye-Stillwater, that owns the Altar Copper-Gold project in San Juan Province, Argentina (“Altar” or the “Altar Project”). Stillwater acquired Peregrine Metals Ltd. which includes the Argentine subsidiary Minera Peregrine Argentina, S.A. in October of 2011. This technical report documents the status of the project as Aldebaran is entering into the agreement to acquire an interest in the project. This report is written in compliance with disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101, Companion Policy 43- 101Cp, and Form 43-101F1. In addition, the Standards and Guidelines of the Canadian Institute of Mines and Metallurgy (CIMM) have been followed in the development of this estimate of Mineral Resources. | |
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