10:27 AM EDT, 06/17/2025 (MT Newswires) -- Aldebaran Resources ( ADBRF ) was at last look up 2% after announcing earlier Tuesday the results of 11 holes from its infill drill program at the Altar project in Argentina.

A statement noted the goal of these holes was to upgrade blocks of known resource classified as Inferred to Measured and Indicated. All holes reported today were focused either on the Altar Central or Altar United zones.

Highlights include 578.00 meters of 0.51% copper equivalent from 372.00 m depth, 557.00 meters of 0.39% copper equivalent from 352.00 m depth and 383.40 meters of 0.47% copper equivalent from 476.00 m depth.

"As expected, the results from the infill drill program at Altar are confirming the continuity of known mineralization and should convert resources currently classified as inferred to measured and indicated," CEO John Black said.

The company said the results will add significant value as it works on a pre-feasibility study in 2026.

The deposit remains open in several directions, Aldebaran said.

Kevin B. Heather, Chief Geological Officer, said: "Having completed a total of 25,186.70 m of drilling during the 2024-2025 field campaign, the largest total by Aldebaran since taking over the project in 2018, we should convert a large portion of the potential in-pit inferred resource blocks to the measured and indicated categories. These infill holes can be divided into two groups: holes that are truly drilled in between existing holes and hence demonstrate the continuity of known mineralization, and holes drilled around the peripheries of the deposit to add supporting data to convert adjacent resource blocks to a higher confidence category. In some cases, these more peripheral holes extended the mineralized footprint."

Aldebaran traded 2% higher at last look to $2.01 on the TSXV.

Price: 2.01, Change: +0.04, Percent Change: +2.03