Altair Minerals (ASX: ALR)

Reported it has secured a critical expansion to South Oko, expanding its landholding across this target by 29km2.

More importantly increasing its exposure to the Oko Shear Contact by 30%, to a total of ~18km of highly prospective strike.

 

 

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	Altair Minerals	AXS: ALR
	Stage	Exploration
	Metals	Gold
	Market cap	A$331 m @ A$0.50 c
	Location	Guyana
	Website	www.altairminerals.com.au

 

 

Altair Secures Critical Expansion to SOKO

 

 

 

Altair Minerals Limited (ASX: ALR) (Altair or the Company) is pleased to report it has secured a critical expansion to South Oko (“SOKO”), expanding its landholding across this target by 29km2 (“New Permits”).

More importantly increasing its exposure to the Oko Shear Contact by 30%, to a total of ~18km of highly prospective strike.

The New Permits directly adjoin and are adjacent to the highly compelling South Oko project area. Furthermore, these New Permits also adjoin the area in which Altair is currently drilling and conducting geochemical extension sampling at SOKO, allowing for seamless integration of the Expansion to South Oko’s (“SOKO”) dominant footprint by securing additional 29km2 of critical adjoining permits 

▪ Altair has secured 29km2 of critical adjoining permits to South Oko (“SOKO”), increasing its exposure to the Oko Shear Contact by ~30% to approximately 18km of strike.
▪ To date, ~6km strike of the Oko Shear Contact has led to discoveries of 9.1Moz Au on the adjoining northern property to Altair (Measured + Indicated + Inferred).
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▪ Altair has now established control over the priority remaining permits on the Oko Shear Contact:
Covering the most prospective grounds which hosts the right geology and structural
extensions of the Oko Shear Contact.

Only two other companies have explored the Oko Shear Contact; now under consolidated ownership of G Mining Ventures (TSX: GMIN).2,25
▪ G2 Goldfields (A$3B takeover in 2026); and
▪ Reunion Gold (A$1B takeover in 2024).

 

Altair’s strike exposure to the Oko Shear Contact is now equivalent to the combined strike of the recently consolidated northern extension.

This expansion means Altair has established itself as the prime explorer to this emerging greenstone shear zone.
▪ Greater Oko Project now sits at 457km2 which reaffirms its position as the largest gold exploration project in Guyana.
▪ These permits represent a highly complementary addition, enabling seamless integration to current work and drilling programs being executed at SOKO:

Altair is actively sampling and developing targets along the southern extension of the Oko Shear Contact, which allows for these complimentary permits to be tested immediately.

Additional identified targets can immediately be integrated into the current drill program at SOKO.

Expands highly prospective ‘search space’, allowing for potential multiple discoveries to be pursued in parallel at SOKO.
▪ New permits have been strategically selected due to:
Hosting prospective geology units, positioned within a proven mineralised structural corridor.
Aeromagnetics identifying favourable hydrothermal structural conduits and iron-rich Mafics.
Stream anomalies and positioned within primary source area to alluvial gold workings.
Potential to host the geochemical extensions to SOKO along an analogous structural setting.

 

 

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Altair Minerals Limited CEO, Faheem Ahmed, commented:

“It is my pleasure to report that Altair has secured a major expansion to South Oko, during a critical time as we are executing our drill programs.

 

“The importance of this milestone should not be underestimated, as we’ve spent numerous months closely looking at the geology, geochemistry, geomorphology and structural extensions to the mineralised corridors within the district – and identified these permits as high-priority due to them hosting all the key ingredients required for a potential discovery.

 

“This marks a significant material milestone in executing the company’s long-term plans at SOKO. Consistent with the approach we have taken across Greater Oko – streamlining focus to core ground while selectively increasing our exposure to the most prospective corridors and rapidly expanding and developing priority zones.

 

“We’ve now secured and established ourselves as the dominant player in the Oko district, with the most significant strike exposure to the globally emerging shear zone, primarily driven by the Oko Shear Contact, the key structural control between granite and greenstone to emplacing the tier-1 deposits uncovered to date on the district.

 

“Importantly, unlike the northern targets at SOKO which took numerous months to develop from scratch, we now have an astute execution-ready exploration team and camps at SOKO which are fully equipped – meaning we are ready to commence work on these new permits immediately.

 

“We believe it will take less than 3-months to develop new targets across these permits which can be seamlessly integrated into our current RC program or into a subsequent diamond drill program.

 

“Expansions like these in a highly competitive, rapidly globally recognized district, combined with the fragmented and complex permit structure in Guyana is a major achievement and a result of our strong incountry networks and supportive Greater Oko Vendors.

 

“As our drilling program continues to run smoothly, we believe it’s a suitable time to focus on business development to set the long-term foundation for the company.

 

“The expansion has come at a pertinent time for the Company, as SOKO continues to demonstrate tremendous potential for discovery. I look forward to updating all shareholders with future exploration developments as we execute high-impact exploration programs at Greater Oko.”

 

To read the full news release please click HERE

 

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At the time of writing the author holds shares in Altair Minerals. 

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