Altiair Reports High-grade Gold Samples at Soko
Altair Minerals (ASX: ALR)
Announced results of PoleDipole survey and final report from its Phase I ground geophysics at SOKO, consisting of: Gradient IP Chargeability and Resistivity Survey covering 3.6km N-S strike with 64km of lines.
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Project plan in Guyana – Courtesy of Altair Minerals
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| Altair Minerals | AXS: ALR | |
| Stage | Exploration | |
| Metals | Gold | |
| Market cap | A$248 m @ A$0.039c | |
| Location | Guyana | |
| Website | www.altairminerals.com.au |
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Altair Minerals SOKO returns 35g/t Au & Targets Strengthen into Drilling
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Altair Minerals Limited (ASX: ALR) (‘Altair’ or ‘the Company’) is pleased to announce results of PoleDipole survey and final report from its Phase I ground geophysics at SOKO, consisting of: Gradient IP Chargeability and Resistivity Survey covering 3.6km N-S strike with 64km of lines
Pole-Dipole Survey covering 3.0km N-S strike with 14km of lines
Ground Magnetic Survey covering 3.6km N-S strike with 64km of lines
In addition, Altair is pleased to report second batch of grab samples from SOKO. The grab samples were taken both within trenches during executing sampling and logging, and at surface during access clearing for trench excavation.
This batch of grab samples at SOKO returned results of 34.56g/t Au and 27.21g/t Au within Trench 6, which is the first deep trench at SOKO (~6m depth).
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Altair Minerals Limited CEO, Faheem Ahmed, commented:
“The Pole-Dipole survey has delivered highly valuable information for both follow up geochemical programs and drill targeting, with the key structures identified aligning closely with existing soil anomalies and favourable geological contacts.
“Structure ‘M’ continues to stand out as a priority target, representing a deep-seated chargeability anomaly interpreted to be confined between two competent rock units.
“Importantly, the structure demonstrates exceptional continuity across survey sections, extending over an impressive ~2.5km strike length and maintaining a substantial width of approximately 150-250m.
“While structure ‘N’ covers a shorter strike extent, it remains highly compelling due to its significant width and deep-tapping nature, situated right below a geochemical high. The anomaly is supported by both chargeability and resistivity responses and coincides with a distinct gold-in-soil geochemical anomaly, further enhancing its prospectivity.
“Furthermore, the magnetic inversion modelling has provided further clarity on the regional structural controls, reaffirming key deformation zones and improving our understanding of the orientations that will guide Altair’s ongoing geochemical follow-up and drilling programs.
“During trench sampling and geological logging, Altair has periodically collected grab samples prospective lithologies and exposed mineralised zones encountered both within the trenches and along cleared access routes. Encouragingly, a grab sample from the Company’s first deep trench at SOKO returned the highest grade recorded at the project to date, assaying an outstanding 34.56g/t Au.
“The duricrust profile across SOKO is generally 3–4m thick, with shallow trenches of approximately 3m depth typically remaining within anomalous lateritic material. In contrast, deeper trenches reaching approximately 6m depth into the saprolite horizon are beginning to demonstrate indications of potential primary mineralisation, despite the material remaining largely weathered and leached.
“Our exploration continues to accelerate on all fronts, with the team currently planning for scaling up programs at both NP and SOKO, which we look forward to updating the market upon finalisation.
“Importantly, diamond drilling is scheduled to commence at NP in the coming week.”
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in Altair Minerals.
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