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Altair Minerals Limited (ASX:ALR)

ALERT: Price-sensitive ASX Announcement for ALR
Current share price for ALR : $0.030 0.003 (11.11%)+
Announcement
Release
25 Feb 2026 9:20AM
Price at Release
$0.027
Full Release
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Summary
Altair Minerals Limited has announced promising results from its South Oko project, with a grab sample returning an assay of 7.03g/t Au, marking the first in-situ confirmation of high-grade gold mineralization in the mafic unit. This achievement strengthens the geological understanding and confidence in the area's prospectivity as they prepare for a substantial diamond drilling campaign. The exploration at South Oko has benefited from ground geophysical surveys, trenching, and sampling, which together refine the exploration targets. Altair plans to embark on a significant drilling program with the support of OGD Drilling, aiming to further explore and delineate the mineralization at South Oko.
Key Points
  • Altair Minerals Limited reported a significant gold assay result from a grab sample at South Oko (SOKO) indicating high-grade gold mineralization with an assay of 7.03g/t Au.
  • This result represents the first confirmation of in-situ high-grade gold mineralization within the mafic unit at SOKO.
  • The exploration team's trenching and sample collection have significantly improved the understanding of the geological and structural framework at SOKO.
  • A trenching program completed five trenches with systematic sampling, enhancing knowledge of the geology and mineralization controls.
  • Ground geophysical surveys, including magnetics and induced polarization (IP), are nearing completion to refine exploration targets.
  • Altair has appointed OGD Drilling (Guyana) Inc. for its maiden diamond drilling program, starting at North Peters and followed by South Oko.
  • The company plans to conduct a comprehensive diamond drilling campaign of 10,000 to 15,000 meters at South Oko.
  • Altair holds the right to earn up to 70% of the Greater Oko Project, emphasizing the potential for a significant discovery in the underexplored region of Guyana.
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.