Altair Minerals has reported a significant upgrade in gold intercepts at its North Peters prospect, including an 85m interval grading 4.81g/t Au, while unveiling a new target area, Old Granny, that extends mineralisation potential by 1.4km.
- Historic drill database acquisition reveals exceptional gold intercepts
- Hole MM0105 upgraded to 85m @ 4.81g/t Au from 24m depth
- New Old Granny target extends mineralisation strike by ~1.4km northeast
- South Oko trenching intersects major shear zone linked to billion-dollar deposits
- Altair consolidates fragmented datasets to guide exploration and drilling
Historic Data Unlocks New Gold Potential
Altair Minerals Limited has taken a significant step forward in its exploration of the Greater Oko Project in Guyana by acquiring and compiling an expanded historic drill database. This effort has uncovered outstanding gold intercepts at the North Peters prospect, most notably a re-assayed hole MM0105 that returned an impressive 85 metres at 4.81 grams per tonne gold from 24 metres depth. This result marks a substantial uplift from previous assays and highlights the prospect’s potential as a major gold system.
The historic data, previously fragmented and held by various parties, has now been consolidated into a comprehensive dataset. This consolidation is pivotal for Altair’s strategy, enabling more precise drill targeting and exploration planning across multiple high-potential zones within Greater Oko.
Discovery of the Old Granny Target
Alongside North Peters, Altair has identified a new target area named Old Granny, located approximately 1.4 kilometres northeast of North Peters. Despite limited exploration with only five fully assayed drill holes, Old Granny has delivered encouraging intercepts such as 24m at 1.28g/t Au and 12m at 2.04g/t Au. This discovery effectively extends the known mineralisation strike and opens a substantial unexplored corridor between the two targets, suggesting significant upside potential.
Active Ground Exploration at South Oko
Complementing the data-driven discoveries, Altair has resumed on-ground activities at South Oko, including trenching, soil sampling, and geophysical surveys. Notably, trench T3 has intersected a 40 to 50-metre-wide sheared zone rich in quartz veining and iron oxides, interpreted as an extensional component of the Oko Shear structure. This shear zone is the structural host to neighbouring billion-dollar gold deposits, underscoring the strategic importance of this breakthrough for Altair’s exploration model.
The company is systematically following this structure along strike through further trenching and geochemical sampling, laying the groundwork for targeted drilling campaigns.
Guyana’s Emerging Gold Frontier
Guyana is rapidly gaining recognition as a premier gold exploration jurisdiction, benefiting from political stability and geological continuity with the prolific West African Birimian Greenstone belt. Altair’s Greater Oko Project, covering 590 square kilometres, is strategically positioned near recent multi-million-ounce discoveries by major players such as G2 Goldfields and Reunion Gold. Altair’s large landholding and recent exploration successes position it well to capitalize on this emerging opportunity.
While the current results are based on historic data and foreign resource estimates not yet compliant with Australasian reporting standards, the company’s ongoing work aims to validate and upgrade these findings through systematic exploration and drilling.
Looking Ahead
Altair’s CEO Faheem Ahmed emphasised the significance of these findings, highlighting the potential to uncover gold systems comparable or larger than North Peters itself. The integration of historic data with active fieldwork is setting the stage for a transformative phase in the company’s exploration journey, with further updates anticipated as drilling programs commence.
Bottom Line?
Altair’s consolidation of historic data and new discoveries at Greater Oko signal a promising exploration phase, but the path to JORC-compliant resources and commercialisation remains ahead.
Questions in the middle?
- How will Altair prioritize drilling between North Peters, Old Granny, and South Oko targets?
- What are the timelines and expected outcomes for achieving JORC-compliant resource estimates?
- Could the unexplored corridor between North Peters and Old Granny reveal a continuous gold system?