Credit: Aldebaran Resources Inc.
Aldebaran Resources (TSXV: ALDE) has officially spun out its exploration-stage assets in northern Argentina while it continues to work on the more advanced Altar project in San Juan province as its sole asset.
The Vancouver-based copper-gold developer first announced its intention to spin out the assets in September, a move that it said would “unlock additional value” for its shareholders by creating a new company focused on advancing a portfolio of exploration projects that have been on hold for the past several years.
The new company — called Centauri Minerals — will hold six greenfield projects spanning over 430 sq. km across Salta, Jujuy and Catamarca provinces. Currently, the most advanced is Rio Grande, located 9 km from the Lindero gold-copper mine owned by Fortuna Mining. Based on drilling last completed in 2012, the project has a resource of 71 million…
