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Altair Minerals Limited (ASX:ALR)

ALERT: Price-sensitive ASX Announcement for ALR
Current share price for ALR : $0.048 0.004 (9.09%)+
Announcement
Release
24 Aug 2026 9:52AM
Price at Release
$0.044
Full Release
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Summary
Altair Minerals Limited's recent exploration at the South Oko (SOKO) site has revealed significant gold mineralization through trenching at the W1 anomaly. A total of six deep trenches, each exceeding 3 meters depth, have been reported, confirming a widespread gold system that is still open in all directions. The most notable result was from Trench TR-W1-06, which intersected 10 meters at 10.15 grams per tonne (g/t) gold. This result stands as the fourth most significant trench intercept reported along the Oko Shear Contact. Other deep trenches also showed promising results, such as TR-W1-04 with 10 meters at 1.42 g/t Au and TR-W1-09 with 16 meters at 1.32 g/t Au. The findings support the presence of a broad mineralization footprint, approximately 1.2 kilometers east-west by 1.0 kilometers north-south. These results highlight the prospectivity of the SOKO site and underpin the planned 15,000-meter reverse circulation (RC) drilling program aimed at exploring the full scale of the mineralized system.
Key Points
  • Six deep trenches confirm a widespread gold system at the W1 anomaly.
  • Trench TR-W1-06 intersects 10m at 10.15 g/t Au, a significant result on the Oko Shear.
  • Trench footprint spans approximately 1.2 km by 1.0 km, open in all directions.
  • 15,000-meter RC drilling program planned to explore the full scale of the mineralization.
  • The trenches indicate the presence of a structurally controlled, in-situ mineralized system.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.