Altair Minerals launches 30,000m Guyana drill program

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Altair Minerals launches 30,000m Guyana drill program
Altair Minerals launches 30,000m Guyana drill program
Brie Carter
Written by Brie Carter
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Altair Minerals (ASX:ALR) commenced its inaugural 30,000-metre drilling programme at the Greater Oko Project.

The 12-month discovery campaign consists of 15,000m of diamond drilling and 15,000m of rotary air blast drilling, primarily split between the high-grade North Peters prospect and the Tier-1 scale potential of South Oko.

The programme's scope has already expanded following the uncovering of exceptional historic trenching results at North Peters.

Data reveals significant mineralisation, including 16.5m @ 9.68g/t Au and 39.0m @ 3.78g/t Au, with many trenches remaining open at their boundaries.

The results suggest a robust north-west-to-south-east mineralised corridor spanning 450 metres that remains largely untested by previous drilling.

Altair’s 590km² contiguous landholding is the largest in Guyana’s history, a strategic advantage in a region typically characterised by fragmented permits.

The company finds itself in a unique position following the recent $3 billion takeover of the adjoining Oko-Ghanie Project by GMining Ventures.

The consolidation leaves Altair as the last major independent exploration opportunity on the prolific Oko Shear, where adjacent operators have already defined over 9 million ounces of gold.

CEO Faheem Ahmed noted that the programme represents a "step-change" for the company, with three drill rigs expected to be operating simultaneously by the end of April.

At the time of reporting, Altair Minerals' share price was $0.032.

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