Airborne Magnetics Reveal Largest Gold Targets Yet at Altair’s Greater Oko Project
Altair Minerals has secured the expertise of the ex-Reunion Gold geological team GexplOre to spearhead exploration at its Greater Oko Project in Guyana, unveiling multiple high-priority gold targets identified through airborne magnetics data.
- GexplOre team joins Altair, bringing proven expertise from billion-dollar gold discoveries
- Airborne magnetics reveal largest magnetic anomalies on Oko Shear, aligning with geochemical targets
- New regional targets S1, S2, and W2 identified for immediate follow-up
- Exploration program to commence imminently alongside due diligence completion
- Greater Oko Project offers unique contiguous landholding in a premier, underexplored gold jurisdiction
Strategic Team Addition
Altair Minerals Limited has taken a decisive step to bolster its exploration capabilities at the Greater Oko Project in Guyana by appointing GexplOre, the ex-Reunion Gold geological team renowned for their role in defining drill targets that led to billion-dollar gold discoveries. Led by co-founder Dennis Lahondes, formerly Reunion Gold’s Exploration Manager, GexplOre brings a wealth of experience in the Guiana Shield, including involvement in the Antino discovery in Suriname and the Oko West Deposit, both valued at around $1 billion.
Compelling Geophysical Insights
Altair has acquired historical airborne magnetics data from the Guyanese government, revealing numerous broad magnetic anomalies across the Greater Oko Project. Notably, the largest magnetic anomaly along the Oko Shear coincides precisely with significant geochemical soil anomalies (E1 and W1 targets) that exceed 100 parts per billion gold, surpassing the footprint of the Oko West discovery. These magnetic highs are critical as they indicate magnetite enrichment, a key host rock for gold precipitation, mirroring the geological signatures of nearby multi-million-ounce deposits.
New High-Potential Targets
Beyond the E1 and W1 targets, Altair has identified new regional magnetic anomalies designated S1, S2, and W2. The S1 target, located 3km south along the Oko Shear, exhibits a magnetic signature analogous to the Ghanie Deposit owned by G2 Goldfields, which boasts a market capitalization nearing $1 billion. These targets lie within a proven gold-bearing shear system, offering promising avenues for discovery and expansion.
Imminent Exploration and Due Diligence
Altair is finalizing its exploration strategy under the guidance of Guyanese mining veteran Rich Munson and plans to deploy ground teams imminently to advance South Oko towards drill readiness. Concurrently, the company is completing due diligence processes expected within four weeks, after which simultaneous drill testing at South Oko and North Peters targets is anticipated, subject to shareholder approval.
Strategic Advantage in Guyana
The Greater Oko Project stands out as the largest contiguous exploration landholding in Guyana, a jurisdiction rapidly gaining prominence for its political stability and underexplored greenstone belts analogous to prolific West African gold provinces. Altair’s joint venture with Adamantium Exploration Inc. has overcome the fragmented permit landscape, positioning the company uniquely to capitalize on this emerging gold frontier.
Bottom Line?
Altair’s integration of proven geological expertise and compelling geophysical data sets the stage for a potentially transformative exploration campaign in one of the world’s most promising gold regions.
Questions in the middle?
- Will Altair’s upcoming drilling confirm the scale and grade suggested by geophysical and geochemical anomalies?
- How will the completion of due diligence and shareholder approvals impact the timing and scope of exploration activities?
- Can Altair leverage its contiguous landholding to outpace competitors in the rapidly evolving Guiana Shield gold sector?
