The Conversation (0)
Strategically positioned to unlock the value of its Venatica and Olympic Domain projects, Altair Minerals (ASX:ALR) is leveraging cutting-edge exploration techniques and its seasoned technical team’s expertise for significant copper and gold discoveries. Through a disciplined and systematic approach, Altair centers on building a portfolio of high-quality assets with the potential to become Tier-1 discoveries.
Altair Minerals' flagship Venatica Project is strategically situated in Peru’s Andahuaylas-Yauri Porphyry Belt, a globally significant copper-producing region. The project is neighboring and sitting along strike Tier-1 mines, including Las Bambas, Antapaccay and Haquira, collectively establishing the area as one of the world’s premier porphyry copper districts.
Location of Venatica Project, sitting along the Las Bambas trend and on key contact of Andahuaylas-Yauri Intrusive Batholith which is the main structural feature facilitating Tier-1 Copper deposits on the belt.Venatica’s land package is strategically positioned along the northern extension of the batholith intrusion contact zone, a geological anomaly known for hosting large-scale copper deposits with no modern exploration. Altair holds a first-mover advantage, being the first company to test the extension of this trend which has without failure made Tier-1 discoveries every ~60 km. The project’s geology is characterized by a combination of porphyry and skarn mineralization, which underpins its exceptional exploration potential.
Company Highlights
- Altair Minerals’ two world-class projects - Venatica in Peru and Olympic Domain in Australia - are located in globally significant mining districts, targeting Tier-1 copper and gold deposits.
- Venatica Project is a 337 sq km exploration project in the world-famous Andahuaylas-Yauri Porphyry Belt, featuring extensive copper-gold porphyry and skarn mineralization with proven high-grade historical production.
- The Olympic Domain project, located in South Australia’s Gawler Craton, is an 831 sq km IOCG project adjacent to BHP’s Oak Dam deposit (1.34 Bt @ 0.66 percent copper and 0.33 g/t gold) and boasts major analogous geophysical anomalies just 5 km from the Oak Dam deposit, indicative of significant mineralization.
- Historic sampling and exploration work was conducted at Venatica by INMET prior to its subsequent take over First Quantum for C$5.1 billion. The historic work has shown two major porphyry targets of 6 sq kmand 4 sq km, respectively, which have demonstrated abundant copper mineralisation at surface.
- Historic sampling at Venatica covers a small portion of the overall target, leaving substantial scope to expand its target size which remains open in all directions, these samples include:
- 7.0 percent copper and 33 g/t silver (sample 2254)
- 5.7 percent copper and 43 g/t silver (sample 4807)
- 4.8 percent copper and 32 g/t silver (sample 15245)
- 6.5 percent copper and 0.52 g/t gold (sample 4803)
- 4.8 percent copper and 0.40 g/t gold (sample 4801)
- Advanced geophysical techniques, modernized modelling has refined drill at Olympic Domain which shows previous impressive holes have narrowly missed the true core of the IOCG body, which shows a target size larger than the adjacent Oak Dam deposit owned by BHP.
- Altair’s boasts a first class and leading technical exploration team, who have cumulatively contributed to 11.4 Mt of copper and 26 Moz of gold discoveries in the past two decades.
This Altair Minerals profile is part of a paid investor education campaign.*
Click here to connect with Altair Minerals (ASX:ALR) to receive an Investor Presentation
ALR:AU
